The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1901-04-02

THESE ARTICLES OF AGREEMENT,
made and entered into by and between
the undersigned II. B. Strait. Fred w.
Patterson, Clarence De Montreville ard
Paul, in the state OF Minnesota, and
Fred S. Pratt, residing at Minnea polls.
in the State Of Minnesota,
Witnesse tn: F'irst-That the said par
ties have agreed to and they do hereby
associate themselves together under
and according to the provisions of the
act entitled AN act relating to manu-
featuring corporations, - approved March
thereof and supplementary thereto for
the purpose of carrying on the business
of manufacturing baking powder under
the corporate name of the Saw Flake
Paking Powder Co." and under and ac-
cording to the provisions of said statutes,
and as a corporation and not otherwise.
Second-The name of said corporation
is and shall be and remain Snow Flake
Baking Powder Co." and the ambunt of
the capital stock thereof has been and
is hereby fixed and limited to So GU0 coo.
Said capital stock is, and shall hereafter
be and remain divided into 200,O10 shares
of S1e.G0 each, one-half Of which shall
be common stock and onc-half of. which
shall be preferred stock, and the said
preferred stock shall be entitled TO
6 per cent annual dividend payable out
Of the net rrcfit Of the business done
by said corporation before any dividend
shall be paid on the common stock
InSreQ1. PrQNlOeu, however, il2L the
amount OF said capital and number OF
said shares may be increased under and
as provided in said statute.
Third-The highest amount of indebted
ness or liability to which said corporation
shall at any time be subject shall not
exceed a sum equal to the amount Of
preferred stock issued and paid Tor.
Fourth-That said corporation shall
commence on the first day of April A.
d. 1901, and shall endtu for the term OF
thirty 800 years next thereafter, and no
longer.
F'ifth-That the government OF said
corporation and the management of its
business and affairs shall be and remain
vested in board Of five directors. every
one OF whom shall be q stakeholder OF
said corporation: two Of whom shall be
elected by the preferred stockholders,
and the remaining three by the common
stockholders at an annual meeting there
of, which shall be held on the ilrst Tues
day after the third Monday of January
in each year. at such hour and place as
shall be prescribed by the bylaws, and
such directors shall continue In Office
for one year ard until their SUCCESSORS
shall be elected and qualified. Provided,
however, that the first board of directors
OF said corporation shall be II. B. Strait.
Fred W Patterson. Clarence De Montre-
vile. Orriu Kip and F. s. Pratt, who
shall continue in office until the first
regular meeting OF the stockholders of
said corporation, and until their sue
cessors shall be elected and qualified.
SlXth-That the said board of directors
shall have power to, and they shall elect
from their own number a president. vice
president. secretary and treasurer OF and
from said corporation; and the conf
pensation, If any, and the duties of said
officers shall be prescribed by the by
laws.
In testimony whereof said parties have
hereunto set their hands and seals this
first day of April, A. d 1901.
p FRI 81 s " pArirERsoN. Seal.
CLARENCE d. MONTREFIII,E
{ (SeaD.
ORRIN KIPP, ISpali.
r s. PRATT. lSeaD.