The Irish standard., 1915-06-05
CERTIFICATE OF INCORPORATION
Of the
RI1IGARIAN Y0G.HIIRT COMPANY

BULGARIAN lOG.HultT COMFANI.
signed, do hereby associate ourselves
together for the purpose of forming,
and that we do hereby form corpor-
visions OF Chapter So. Revised Laws
of Minnesota Of 1906, and acts amend
atory thereof and supplementary there
adopt the following certificate of in
corporation:
u,, - ARTICLE i: :,
be the bulgarian Yog-hurt Company.
The general nature Of its business
preparations, and mixtures Of similar
nature or character: to acquire, own,
hold, manufacture, incumber. deal in.
erty Of every description; to acquire by
purchase. lease, or In any lawful man
ner. and to own, hold, improve, sell,
real property Of every description; and
in general such other business as shall
be found NECESSARY or exgediept to
and purposes SsEsiR 1 i stated.
The time of the commencement OF
Of May, A. ID. 1915. and 1t shall con-
principal place Of transactfng the busl
The first meeting of said corporation
shall be held on the 10th day Of June.
UP Shp 'To e 5o5 oneida Bloc
Minneapolis ARTfGT IT. III
The names and places of residence
of the persons forming this corpora
ton are as follows:
Peter E, La'Tritzen, Minneapolis Mime
Minnesota: Carl c. Lauritzen. Copen-
the above named incorporates shall
and they shall serve until the first
annual meeting OF the stockholders
and until their successors are elected
and enter upon the discharge of their
ARTICLE Nv.
The amount Of the capital stock Of
hs boars sha to sa
of par Value OF one
paafs n e0e% aaeh and Th III sua aha be
required lI by the board Of u Directors rect
in Se be a. e
Of Directors Of it's value shall be con-
elusive upon the corporation, Its stock
holders nna a a aed With
stock shall be divided into two classes es.
viz: Preferred capital stock and com
mon ch h stock; that is to say there
100000 Of authorized eight per cent
$50 preferred capital stock, and sixty
thousand dollars ($60,0O0.0O) of COM
mon capital stock, and all subscribers
or owners of either class shall be held
to agree to the several provisions here
in contained respecting the issuance
snen aeoeE maf be
to receive, from the surplus or net
profits of the corporation, yearly divi-
dends OF eight per cent 1921 per an
mum, and no more, payable on dates
to be fixed by the Board OF Directors.
The dividends on the preferred stock
| shall be cumulative and shall be pay
| able before any dividends on the COM
| mon stock shall be paid or set apart:
that 4 IN 1b any year year Syidend
not have been paid thereon, A. n 1he de-.
| fciency shall be paid before any divi-
dend shall be paid upon or set apart
| for the common stock.
When all cumulative dividends on
| the preferred stock for all previous
years have been declared and shall be-
como payable. and the accrued divi-
dends for the current year have been
declared and the company shall have
paid cumulative dividends for previous
years, and such accrued dividends. the
dends on, the common stock payable
then or thereafter out of any remain.
ing surplus or net profits. The said
preferred stock shall have no vote nol
| shall 1T, In any way, participate in the
management of the business Of the
company. Said preferred stock shall
also be liable to redemption or retire.
ment upon payment of the par value
thereof. with all accrued or unpaid