Willmar tribune. [volume] (Willmar, Minn.) 1895-1931, 1914-11-25

(First publication Nov. 1917
|cERTiFiED COPY OF AMENDMENT
TO CERTIFICATE OF INcoRPoR.
! ALTON OF THE FORUM INVEST
| MENT COMPANY.
At a special meeting of the stock
holders of the Forum Investment Com
pany, corporation, under the Laws
OF the State of Minnesota, which meet
ing was duly convened pursuant to
Law, and at which meeting was pres
ent, either in person, or proxy, the
owners of all capital stock Of said cor
poration outstanding: the following
resolutions were duly adopted by the
affirmative vote of all the stOckhold.
ers present.
Resolved, that Article Five of the
Certificate of Incorporation of the For
UNI Investment Company be amended,
by striking out the following: "Ten
Thousand 100000 of said shares shall
be preferred stock, and Fifteen Thou
sand Q5,O00) shall be common stock.
The holders of the preferred stock
shall be entitled to receive from the
surplus or net profits of the corpora
ton, when, and as declared by the
Board of Directors, dividends at the
rate of five (5) per cent per annum,
meeting of said Corporation, In
each year, beginning with the year
1872" and also by striking out the
words, ''The holders Of preferred stock
shall have no vote, and such stock
cho1 hn 1o%;
in their place, the words, "An capital
stock of the Corporation shall be COM
mon stock, so that said Article as
amended shall read as follows:
ARTICLE FIVE.
The amount of the capital stock of
this Corporation shall be Two Hun
dred and Fifty Thousand ($25o, 900 oo)
Dollars, which shall be paid in, in
manner, and at such time, and in such
amount as the Board of Directors
shall order, subject to action by the
stockholders, at their first meeting.
The capital stock shall be divided
into twenty-five Thousand (25,00O)
shares, Of the par value Of Ten ($1O.-
0O) Dollars each.
All holders of common stock shall
be entitled to vote at all meetings OF
the stockholders, and each stockhold-
er shall have one vote for each share
of stock so held by him.
All actions taken by the Board of
Directors at their meetings shall be
subject to review by the stockholders
at any regular or special meeting call
ed for that purpose. A special meeting
for reviewing and acting on any act OF
the Board of Directors may be called
by the President at any time, upon ten
days written notice at the written re-
lquest of any stakeholder or stockhold-
ers representing thirty (30) per cent
of the common stock.
Be it further resolved, that Article
Six of the Certificate Of Incorporation
of the Forum Investment Company, be
amended by striking out the word.
lone Hundred Thousand ($100,000)
Dollars, and inserting in their place,
: the words, Five Hundred Thousand
| ($500,OOOO0) Dollars" so that said Ar
, ticle as amended shall read as follows:
. ARTICLE SIX.
The highest amount of Indebtedness
or liability to which this Corporation
shall at any time be subject shall be
: the sum of Five Hundred Thousand
($5OO, OOO.OO) dollars.
County y Of H' Kandiyoni IS.
We, the undersigned, J. Emil Mel
son, President; and Lewis Johnson,
Secretary Of the Forum Investment
Company, a Corporation, do hereby
> certify that the foregoing amendment
, to the Certificate of Incorporation OF
=. said Corporation, was duly adopted at
a special meeting of the stockholders
of said Corporation, duly convened &C.
cOrding to Law, which meeting was
held at the principal Office of said Cor
,, poration, in the City of Willmar, Min
,, nesota, on the Tenth (10) day of No
vember, in the year Nineteen Hundred
and Fourteen Q91D; and we do fur
Their certify that such amendment was
, adopted at said meeting by the affirm
!, alive votes of the owners of all the
capital stock of said Corporation then
, outstanding, and that the foregoing
copy of such resolution and amend
' ments to said Certificate Of 1ncorpor-
alton of said Forum Investment Com
pany, is full, true and correct copy
> of the original thereof.
In witness whereof, we, the said J.
Emil Nelson, President, and Lewis
Johnson, Secretary, have hereunto set
y our hands and have caused the Cor
porate Seal of the said Corporation
to be affixed hereto, at Willmar, Min.
nesota, this 10th day of November,
1914.
J. EMIL NELSON.
= (SEAL) President.
y LEWIS JOHNSON,
Secretary.
7 In Presence of
CHARLES JOHNSON
CHAS WALLIN
d State of Minnesota
; County Of Kandiyohi 3d.