The labor world. [volume] (Duluth, Minn.) 1896-current, 1914-03-07

ness. and to broker insurance and ddel-
aty ana surety bonds: to buy and 4eii
and otherwise deal in goods. chattels.
and to do mercantile business at
wholesale or retGil. or both: to borrow
money TO carry On any or all the fore
going lines Of business; and to do any
and all other such acts and transact
any ana all other such business as may
properly be incident to and necessarily
conneoted with the lines Of business
The principal place OF business OF
this corporation shall be at the City
or Duluth. Minnesota; but the corpo-
ration may have branch Offices and
the Board OF Directors from time to
time may determine. and may do bust
ness anywhere in the world.
ARTICLE II.
The period OF the duration OF this
the date Of fling with the Secretary
this Certificate. according to law.
ARTICLE III.
The names and placea Of residence
OF the tncorporators Of this corpora
Thomas A. Merritt, Duluth, Mime
sota; Bert N. Wheeler, Duluth. MIN
nesota: Guy w. G. Ross. Duluth. Min
ARTICLE ".
The management OF the affairs Of
this corporation shall be vested in a
Doard or three directors. who shall BIZ
elected at the regular annual stock
second Tuesday in March, in each year
a. three o'clock in the afternoon. at
the principal offices OF the company,
Of the annual stockhoiders' meeting
need ever be given. -,
Until the first election at. the first
such annual stockholders meeting
the names and addresses Of those COM
posing the Board of Directors are:
Thomas "A. Merritt. Duluth, Mime
sofa: Bert n: Wheeler. Duluth. Mime
sofa: Guy w. G. Ross. Duluth. Mime
sofa. ~ $3.50
Unless otherwise provided by the
bylaws. the Board Of Directors shall
NIL any vacancy that may occur in it's
membership.
The Board of Directors shall hold
regular quarterly meetings on the sec
Der and December, in each year. at
four o'clock in the afternoon. at the
principal offices OF the company. in
Duluth. Minnesota: and no notice of
the regular quarterly directors meet
1nEs need ever be given.
\. any written resolution signed by all
tne members of the Board Of Directors
shall have the same force and effect
adopted at g regularly called meeting
OF the board. Any written resolution
signed by majority in number OF the
common stockholders OF the company.
holding two-thirds Of the outstanding
common stock. shall have the same
force and effect as though duly adopt
ca by a majority in number of the
common stockholders holding two
thirds Of the outstanding common
stock at q regularly called stockhold-
The .noo,n ARTICLE y f5d W. "; :, .+oo,, :,
this corporation shall be Fifty Thou
sand Dollars (350.00o): divided into
one thousand shares of common stock
OF the par value Of Ten Dollars ($l0)
ferred stock of the par value of Ten
Dollars ($10) each. The stock shall
be paid for in cash. property or serv-
ICES ICES: as the the Board Of Directors from
Inc preferred stock shall have no
vote nor voice in the election Of di-
rectors or the management Of the cor
dividend Of six per cent per annum
out Of any net profits earned by the
corporations: and such dividend shall
De cumulative and guaranteed to the
{ earned by the corporation. The pre-
ferred stock shall have also a. pre-
ferred lien upon the assets of the cor
p pe,st;e IN case Of it's insolvency. dis:
but shall not be entitled to any. divi-
dend or division Of the profits OF the
corporation, except the said six per
cent dividend above mentioned.
When any preferred stock is offered
for subscription, the Board of Direc-
tors may provide also. as part If the
terms of the issue. that at any time
after a specified date or period all or
any part Of such issue shall. at the
option Of the Board, be redeemable by
the corporation at q specified price.
not less than par and plus all accrued
and unpaid dividends.
ARTICLE WI.
The highest amount of Indebtedness
or liability to which the corporation
H .anS csd and Fifty Thousand Dollars
ARTICLE VII.
This Certificate or any Of the arti-
cles hereof may be amended, stricken,
added to or altered in whole or in
part at any regular annual stockhold
ers' meeting. or at any special stock
been specifically announced. in the Cali
and Notice thereof; in either case only
by the affirmative vote of majority
| in number of the common stockhold-
ers holding a majority of the out
IN TESTIMONY WHEREOF: The
undersigned have 'hereunto set their
hands this Goth day OF February. A.
g: W: c. ROSS,
-. THOMAS A. MERRITT.
In presence Of:
II. III. PHELPS.
GERTRUDE, LARSON. .., 1.--r.
STATE OF MINNESOTA, COUNTY OF
/ ST LOUIS.-ss. - -.
| On this Goth day Of February, A.. D.
1914. before me, q Notary Public with
peared Thomas A. Merritt. Bert n.
Wheeler and Guy w. C.. Ross. to me
/ personally known to be the persons
described in and who executed the
foregoing instrument, and acknoWl-
edged thatthey executed the same as
| their free act and deed.
| HI. H. PHELPS,
Notary Public. st. Louis County MINI.
NY commission expires Anrir 81 1919