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O'BRIEN v. SOCONY MOBIL OIL COMPANY

152 S.E.2d 278 (1967)

207 Va. 707

Marybelle Louise O'BRIEN v. SOCONY MOBIL OIL COMPANY, Successor, etc.

Supreme Court of Appeals of Virginia.

January 16, 1967.

Attorney(s) appearing for the Case

James F. X. O'Brien, Newark, N. J., (Walter E. Rogers, Williams, Mullen & Christian, Richmond, on the brief), for appellant.

John S. Battle, Jr., Richmond (A. E. Dick Howard, Gordon H. Rosser, Jr., McGuire, Woods & Bettle, Richmond, on the brief), for appellee.

Before EGGLESTON, C. J., and BUCHANAN, SNEAD, I'ANSON, CARRICO and GORDON, JJ.

GORDON, Justice.

On September 28, 1962, the stockholders of Virginia-Carolina Chemical Corporation ("VC") approved an amendment to its certificate of incorporation, providing for the conversion of all outstanding shares of VC's 6% Cumulative Dividend Participating Preferred Stock (the "Old Preferred") into newly authorized shares of stock and the cancellation of all dividend arrearages on the Old Preferred. On the same day, VC filed articles of amendment with the...

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