The Irish standard. [volume] (Minneapolis, Minn. ;) 1886-1920, 1911-08-26
cERT!F!cATE OF AMENDMENT Tol
ARTICLES OF INCORPORATION OF

ARTICLES OF INCORPORATION OF
IHE MINNEAPOLIS MILK COM
We, the undersigned. "A. r. 2Ruhnke, as
president pr ~ and J. P. Peterson, as .secre-
tary, OF The Minneapolis Milk Company,
a corporation duly organized under the
laws of the State of Minnesota, do hereby
certify that at a special meeting. of the
stockholders 81 Of said corporation, held at
apolis, in said County, on Monday the
fourteenth day of August, A. d. 1911, by
resolution duly offered and unanimous
~ ~ adopted ed the Articles of Incorporation
or said The Minneapolis Milk Company
were amended in the following respects,
to-wit:
;na Artcle vi Of the amended articles of
follows,
Article VII-The number of shares Of
tn tne capital capital stock of said Cooperation shall
ne twenty-five hundred (2.5O0) and the
amount of each share shall be one hum
dred (s1oo;oo) dollars. ~ ~ ''@'''
The said capital stock shall be divided
that there will be seven hundred fifty
G50) shares of the Preferred Stock and
one thousand ts nc, seven hundred fifty d,75o)
The Common Stock shall have and ex-
ment of the Corporations affairs, and
shall be the only stock entitled to vote
The Preferred Stock shall be fully paid
and -assessable and shall be entitled
to receive from the net profits derived
quarterly dividends at the rate. Of eight
Is pct:D per, cent per annum, and no
more. This dividend shall be payable on
the tenth day of each, month, following
~ on the tenth days of February, May,
August and November. and shall be cum
ulative. SO that If during any year divi-
h henn as 81; above I've proyided shall not have
such deficiency shall he paid before any
dividends shall be paid on the Common
After the payment of eight Is pct.) per
cent on the Preferred Stock. all surplus
profits may be distributed annually to the
Common Stock.
solution, or winding up Of the Corpora
ton. the holders of the Preferred Stock
shall be entitled to be paid in full the
par value of the Preferred Stock togeth-
ed thereon before any payments be made
on the Common Stock; but after the
payment to the Preferred Stock of it's
par value, and all accumulated dividends
thereon. the remaining net assets shall
be divided among and paid to the hold
ers of the outstanding Common Stock,
pro rata.
The Corporation reserves the right to
retire all such Preferred Stock upon such
terms as shall be stated in the certi-
ficate of stock.
IN oTuef 10 project the PREFERRED Stock
holders. the amount of the Preferred
Stock outstanding shall not. at any time,
| exceed one-haf of the Common Stock.
outstanding at that time.
The Board of Directors may sell all
such Preferred Stock and Common Stock
at such times and in such amounts as it
may deem best. at no less than the par
value thereof.
Such parts of these Articles of Incor-
poration as relate to the rights of the
Preferred stockholders shall not here
after be altered. amended or rescnded,
without the consent in writing of all the
said Preferred stockholders"
We further certify that at said meet
ing more than two thirds of the stock
| resented and that the said resolution was
unanimously adopted. That said meeting
was duly called by the secretary for the
purpose of considering the adoption of
said amendment of said Articles and no.
tce thereof was duly given to each of
said stockholders as provided by the laws
of said Corporation.
P. Peterson. do further certify that they
are respectively the president and secre-
tary of said corporation in charge of the
records and documents of said corpora
ton. That they have compared the fore
going resolution with the original reso-
luton entered in the records of said cor
poration and that the same as above set
thereof.
IN TESTIMONY WHEREOF. the said
a. r. Ruhnke, as president, and j. P.
Peterson, as secretary of said corpora
ton, have hereunto set their hands and
seals and caused to be affixed hereto, the
corporate seal Of said Corporation. this
sixteenth day Of August. a. D. 1911.