The instrument's own words
page 1 · read by Gemma vision
315
At a special meeting of the shareholders duly called and held on December 27, 1918, pursuant to notice, at which the necessary quorum of shareholders was present in person or by proxy, the following resolution was unanimously passed:
RESOLVED: That for the purpose of acquiring means for the acquisition of additional property and otherwise accomplishing the purposes of this trust, to wit, the furnishing of additional working capital, the trustees are hereby authorized and empowered to increase the number of shares of stock to be issued as new additional and stock or shares of this Company to the number of five hundred (500) shares of the par value of One Hundred ($100) Dollars each, and to issue shares of said stock in such manner and on such terms as the trustees may deem advisable; PROVIDED, HOWEVER, that the present shareholders of record or their assigns shall be entitled to purchase the new shares of stock, pro rata, according to the amount of stock held by them respectively, before any of said new stock shall be offered to any person other than stockholders of record, and that any stockholder of record as of the 1st day of record to purchase said new stock shall be exercised on or before the 2nd day of January, 1919, and any stockholder who shall not have exercised his right to purchase said stock on or before January 2nd, 1919 shall be deemed to have waived his right granted by this resolution, and the trustees may sell the new shares of stock, either as a whole or in part, or as sold by the Trustees as an undersubscribed stock. Stockholders, by proper instrument in writing, signed, witnessed and delivered to the Treasurer of the company, may assign their rights in said new stock.
At a special meeting of the shareholders duly called and held on November 17, 1922, pursuant to notice, at which the entire outstanding capital stock was represented in person or by proxy, the following vote was unanimously passed:
VOTED: That the company increase its plant and manufacturing facilities so as to provide for about thirty additional homes, and that the Trustees be and they are hereby authorized to acquire by purchase or lease additional land, and to construct and maintain thereon additional tenement houses for help and to cause such buildings by way of additions to the plant, additional tenement houses and other buildings to be erected on the land already owned or as may be purchased as they may deem necessary.
VOTED: That for the purpose of providing means for the acquisition of additional property and otherwise accomplishing the purposes of this trust, to wit, providing for extension of the company's plant and manufacturing facilities, as authorized by the vote passed at this meeting, and the Trustees be and they are hereby authorized and empowered to increase the stock of this Company by an additional two thousand (2000) shares of the par value of One Hundred ($100) Dollars each, the said shares to be issued from time to time, and directed to issue shares of said stock in such manner and on such terms as the trustees may deem advisable, and to issue shares of capital stock of this company to the number of two thousand (2000) shares of the par value of One Hundred ($100) Dollars each, as follows: First, as a consideration for the services of the shareholders of record, or their assigns, who shall be entitled to purchase one (1) share of said new stock at the par value of One Hundred ($100) Dollars per share, and for the services heretofore been made, v.iz., fifty (50) shares to each of said persons, and to dispose of the balance of said new shares of stock in such manner as the trustees may deem advisable. The shareholders of record, or their assigns, who shall be entitled to purchase one (1) share of said new stock at the par value of One Hundred ($100) Dollars per share, and George P. Clark, S. Stein, and E. Stein for each share of old stock held by them respectively; PROVIDED FURTHER, that the right of the shareholders of record, or their assigns, to purchase said new stock shall expire within thirty (30) days after notice by the Trustee of proposed issue, and any stockholder failing to exercise the right of purchase within said thirty (30) days shall be deemed by the trustees to have waived his right with respect to that issue granted by this vote, and the stock to which he would have been entitled may be issued by the Trustees to any person or persons, and the trustees may sell other stockholders pro rata according to their buildings. Stockholders, by proper instrument in writing, signed, witnessed and delivered to the Treasurer of the Company, may assign their rights in said new stock.
At a special meeting of the shareholders, duly called and held on June 7, 1935, pursuant to notice, at which the entire outstanding capital stock was represented in person or by proxy, the following voting vote was unanimously passed:
VOTED: That Columbia Narrow Fabric Company as a trust organized and existing under indenture dated June 9, 1914, as amended be continued for a further period for un determined years from and after May 30, 1935, pursuant to the provisions contained in the section provided in section Twelfth of said indenture, and subject to termination during said extended period in the same manner and form as it might have been terminated during the original period, as provided in said section Twelfth, at the option of the shareholders.
WITNESS my official hand and the seal of Columbia Narrow Fabric Company, this 12th day of August, 1940.
(Corporate Seal) GEO. H. HUDDY, Jr.
Secretary
Received for record August 19th, A. D. 1940 at 3:05 o'clock, P. M., and recorded by [?]
Town Clerk
The page as recorded
