Certificate of Decrease in Authorized and Issued Shares of Greenbriar Corporation

Summary

Greenbriar Corporation, a Nevada company, has officially reduced its authorized common stock from 100,000,000 to 4,000,000 shares, with no change to its preferred stock. For every twenty-five old common shares, shareholders will receive one new share, and cash will be paid for any fractional shares at a set rate. This change, effective November 30, 2001, did not require or receive shareholder approval. The document is signed by company officers and notarized in Texas.

EX-2.1.7 3 green10kex217123101.txt CERTIFICATE OF DECREASE Exhibit 2.1.7 CERTIFICATE OF DECREASE IN AUTHORIZED AND ISSUED SHARES The following certificate is filed on behalf of GREENBRIAR CORPORATION, a Nevada corporation, pursuant to Section 78.207 of the Nevada Revised Statutes: 1. The current number of authorized shares of common stock, par value $0.01 per share, before the change in capitalization was 100,000,000, and the number of shares of preferred stock, par value $0.10 per share before the change in capitalization was 10,000,000. 2. The number of authorized shares of common stock, par value $0.01 per share, after the change in capitalization, was 4,000,000. There is no change in par value or in the number of authorized preferred shares. 3. One share of new common stock, par value $0.01 per share, will be issued for each twenty-five shares of old common stock, par value $0.01 outstanding before the change. 4. No fractional shares will be issued. Cash will be paid in lieu of issuing fractional shares upon surrender of certificates representing shares of old common stock, at the rate of $0.25 for each one-twenty-fifth share of new common stock. 5. Approval of the change by stockholders was not required nor obtained. 6. The change is effective at 11:59 p.m. on November 30, 2001. GREENBRIAR CORPORPORATION By: /s/ Gene S. Bertcher --------------------- Gene S. Bertcher, Executive Vice President By: /s/ Oscar Smith --------------------- Oscar Smith, Secretary STATE OF TEXAS COUNTY OF DALLAS This instrument was acknowledged before me on this 27th day of November, 2001, by GENE S. BERTCHER. /s/ Celeste Byars Notary Public, State of Texas ----------------- Celeste Byars ------------- Printed Name of Notary My Commission Expires: 6/26/04