The Princeton union. [volume] (Princeton, Minn.) 1876-1976, 1915-12-23
First Pub. Dec. 23-2t)
CERTIFICATE OF AMENDMENT
OF THE ARTICLES OF MOOR
PORATION OF THE RUDD linn.
Der COMPANY.

We, M. K. Rudd and c. E. Williams. resnec-
f,vey sne c resident and Secretary Of the Rudd
meeting of the stockholders of Rudd Lumber
Company was duly and legally held at gthe
9nlce OF the corporation at Milaca the 9Th
day OF November 1915, all the stockholders be-
ing present and that at said meeting so held
the following resolution was adopted and the
articles OF INCORPORATION of said corporation
jority Of all the members, shareholders and
stockholders and of all the shares and stock
of said company as follows
of the Articles of Incorporation of this COM
@pany be amended to read as follows -
ARTICLE Fifth
The amount of the capital stock of this cor
poration shall be five hundred thousand Dol
lars $500, 000) whereof three hundred thousand
Dollars ls30o,0OO) shall be common stock and
be. preferred stock.
The said preferred stock shall be entitled to
seven per cent (7en) annual cumulative divi-
bends out of the profits of said corporation
and shall have such other preferences and priv
lleges as the corporation may confer thereon
and shall be subject to redemption, retire
ment and cancellation at such times and on
such conditions as the corporation shall fix
before the said preferred stock is issued All
of the capital stock, both preferred and COM
mon, shall be paid. in at such times and in
such amounts as. shall be prescribed by. said
Board Of Directors; Each shareholder holding
common stock shall be entitled to one vote,
either in person or by proxy, for each share
of common stock held by him.
The holders of the preferred stock shall not
prescribed for the Preferred stock are duly
paid out of the net earnings of said company,
but whenever for any reason an annual div
not paid, thereupon each holder Of preferred
stock shall be entitled to one vote, either in
person or by proxy. for each share Of .prea
tinue to have the right to vote at all of the.
meetings of the stockholders of said cor
poration until the payment Of dividends upon
said preferred stock from the net earnings of
said company is resumed.
The number of shares of the capital stock:
of said corporation shall be three thousand
and 10000 shares of preferred stock, and the
amount Of each share shall be One Hundred
Dollars (s1oo). -.:.,s:
The Indebtedness of this corporation shall
not at any time exceed the sum of two hun
dred thousand 9 NJ K R SS2GSiooo)."
President of Rudd Lumber Company.
C. E. WILLIAMS,
Secretary of Rudd Lumber Company:
STATE OF MINNESOTA. County of: Mile
M. K. Rudd and c. E. williams being duly
that the said M. K. Rudd is the President and
the said c: E. Williams is the Secretary Of
foregoing instrument Was executed I PURSUANT
to the authority. of the shareholders of said
corporation as above set forth. That the seal
seal of said corporation and the said M. K.
Rudd and G. E. Williams acknowledged the
execution of said instrument to be the free act
and deed of said corporation. =
Dated December 18th, 1915.
(Notarial SeaD CHARLES KEITH,
Notary Public, Mile Laos Co., MINI.
My commission expires January 10, 1922.
STATE OF MINNESOTA,
Department of State.
l hereby. certify that, the within instru-
ment was filed for record in this office on the
Goth day of December, A. D. 1915. at 9 o'clock
A. M, and was duly recorded in Book B-4 of
Interpretations page Sc.
JULIUS A. SCHMAHL,
Secretary of State
: 1924
Office of Register of Deeds,
County of Mile Lacs-ss
State of Minnesota.
I hereby certify that the within instrument
was filed in my office for record this 18th day
of December, A. D. 1915, at o'clock P. H.,
and duly recorded in Book A of Interpretations
on page PAL. =
"A. G. OSTERBERG,
Tp1orSo ,l<nFET