CO129-520-7 Public Utility companies- acquisition by foreign groups 4-12-1929 - 26-1-1930 — Page 49

RESOLUTION

Passed the 26th day of August, 1899. Confirmed the 16th day of September, 1899..

1. That the Capital of the Company be increased to the Sum of $600,000 by the issue of 30,000 New Shares of $10.00 each, which shall be considered part of Original Capital and be subject to the provisions in the Articles of Association contained with reference to calls, transfer, transmission, lien, surrender, voting

power and otherwise, and that the Directors

be authorised to issue such New Shares at par.

2. That the said New Shares be offered to

the Persons who on the 16th day of September, 1899, shall be Registered Members of the existing Shares in the proportion of a New Share for each existing Share held by them.

By Order of the Board,

GIBB, LIVINGSTON & Co., Agents.

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