Milford chronicle., 1942-04-24
CERTIFICATE OF REDUCTION
OF CAPITAL OF
SUSSEX GAS COMPANY

SUSSEX GAS COMPANY, a cor
poration organized and existing un
der the General Corporation Law
Of the State Of Delaware, DOE;
HEREBY CERTIFY as follows:
FIRST: That at a meeting Of tn
Board of Directors of said SUISSE;
Gas Company duly convened an,
held on April 6, 1912, a resolution
was duly adopted setting forth ant
declaring advisable a proposed re
iuction of the capital of said Cor
and the manner and ex
tent of such reduction, as follows
"RESOLVED that it is here
by declared advisable that the
capital of this Corporation now
represented by One thousand
nine hundred and ten (1,910)
outstanding shares of the par
value of Twenty-Five dollars
($25) each of Preferred Stock
and One thousand one hundred
and eighty (1,1S0) outstanding
shares of the par value of
Twenty-Five dollars ($25) each
of Common Stock, amounting
in the aggregate to Seventy
seven thousand two hundred
and fifty dollars ($77,250) be
reduced lin conjunction with
appropriate action under Sec
tion 26 of tine General Corpor-
alton Law of Delaware as
amended) to Five thousand dol
lars $4,000; and that such
reduction shall be effected ID
by the exchange and reclassi-
fication of each outstanding
: share of the par value of
twenty-five dollars ($25) of
Preferred Stock of the Corpor-
alton into One-fifth QI5) of
one share of the par value of
Ten dollars ($10) per share Of
Common Stock of the Corpora
ton, and (2l by the exchange
and reclassification of each
outstanding share of the par
value of twenty-five dollars
($25) of Common Stock of the
Corporation into One-tenth
(1I1O) Of one share of the par
value of Ten dollars ($10) per
share of Common Stock of the
Corporation; the extent of
such reduction or Seventy-two
thousand two hundred and fifty
dollars ($72,250) to be trans
ferred from capital to surplus;
md calling a meeting of the stock
folders of said Corporation entit-
ed to vote in respect thereof, for
he consideration of the said re-
Iuction of capital.
q SECONDS: That pursuant to the
.foresaid resolution of its Board OF
a meeting of the stock
lolders of said Corporation was
July convened and held on April
z, 1912. and at said meeting the
eduction of capital so declared
dvisable was adopted by the af-
Irmative vote of the holders of in
xcess of a majority of the shares
( each class of stock of the Cor
'oration then outstanding.
THIRD: That the assets OF the
remaining after such
eduction are sufficient to pay any
cbts of the Corporation
IN WITNESS WHEREOF, SUS-
iEX GAS COMPANY has caused its
seal to be affixed hereto
nd this certificate to be signed in
Is, name by James Piper, its Vicei
and James Piper, Jr., its
all on April II, 1912.
SUSSEX GAS COMPANY
BY James Piper
Vice-President
By James Piper, Jr.,
Secretary
tate of Maryland,
ity of Baltimore, SIS:
BE 1T REMEMBERED that on
MS 18th day of April, 1912, person
lily came before me, Notary Pub
C in and for the State and City
James Piper, Vice-Pres-
lent of SUSSEX GAS. COMPANY,
corporation of the State Of Della
are, the corporation described in
nd which, executed the foregoing
known to me personally
, be such, and he, the said James
iper, as such Vice-President, duly
xecuted said certificate before me
nd acknowledged the said certifi-
ate to be his act and deed and the
ct and deed of said corporation;
lat. the signatures of the said
and of the Secretary
said corporation to said fore
ping certificate are in the hand
riting of said Vice-President and
secretary of said corporation re-
,ectively, and that the seal affixed
said certificate is the common
, corporate seal of said corpora
On, and that his act of sealing,
acknowledging and de-
vering the said certificate was
lly authorized by the Board of
lrectors and stockholders of said
IN WITNESS WHEREOF, l have
set my hand and seal of
fice the day and year last above
ritten.
MARGARET P. TUGWELL
Notary Public
Baltimore, Md.
My Commission Expires on May
1943. a24-8t |