The Irish standard., 1915-05-29
CERTIFICATE OF INCORPORATION

CERTIFICATE OF INCORPORATION
BULGARIAN YSG- rs COMPANY,
=: This Is to certify that we, the. under
signed, do hereby associate. ourselves
and that we do hereby form a corpor r'
alton under and by virtue of the pro-
visions Of chapter IS, Revised Laws
to. and that we do by these presents
adopt the following certificate Of in
be the Bulgarian Yog-hurt Company.
s Inc general nature of its business
cereal. milk and matted products and
preparations, and mixtures of similar
h ha'd or ceharacter to acquire, own,
transfer and dispose of personal prop.
erty of every description; to acquire by
p par sng t Lease, or in any lawful man
convey. mortgage, lease or dispose OF
real property Of every description; and
in general such other business as shall
into eesf he or to
ARTICLE II. 'e''
The time of the commencement of
Of May, A. D. 1916. and it shall con-
tinue. for a period of thirty years. The
p pans ps Place OF transacting the bust
.he City Of Minneap p, Si Minn es an
The first meeting of said corporation
shall be held on the 10th day Of June,
Of Philip J. Riordan, sos Oneida Block,
Minneapolis AH9.1e;,
me names and places of residence
Of the persons forming this corpora
ton are as follows
Peter Lauritzen, Minneapolis. Mime
ss9o ,; nicotine Laurtzen, Minneapolis,
hagen. Denmark.
The above named ncorporators shall
e end tbnv the first Board Of Directors
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
tn this corporation shall be One Hundred
d Ih9ass"d ,n Rola nn. 1sooooo9 &
dollars t$1O0.6o) each, which shall be
paid IN at such time and in such man
and in case property be taken in pay
m m the Reorganization Of the Board
o. directors Of it's value shall be con-
elusive upon the corporation, it's stock
no. cer and all perg9ns dealing with
sha be divided dhe INTO sa to saptal
viz: Preferred capital stock and COM
mon capital stock: that is to say, there
shall be forty thousand dollars ($4O,-
tS%) preferred capital stock, and sixty
thousand dollars $3.50. 900 O0) of com
mon capital stock, and all subscribers
to agree to the several provisions here
in contained respecting the issuanc.
thereof, and the rights. and privileges
saeh z Thf holders
TO-, TO- re- r., from the surplus or net
dends Of eight per cent tsas5 per an
t. to be fixed by the Board Of Directors.
The dividends on the preferred stock
Shall s,,a be cumulative and shall be pay
mon stock shall be paid or set apart:
so that il in amy year dividends
amounting am. to eight per cent (s9s) shall
ficI vs., shall be paid before any divi-
Tor the common stock.
ths nrera ar dc" mule er dividends on
years have been declared and shall be-
come PAYABLE, and the accrued divi-
denas FOR the current year have been
paid cumulative dividends for previous
years; and such accrued dividends. the
Board Of Directors may declare divi-
then or thereafter out of any remain
ing surplus or net profits. The said
preferred stock shall have no vote nor
management of tie the business OF the the
company: Said preferred stock shall
also be liable to redemption or retire
m thsrso upon I.,t payment Of the par value
dividends at the rate of eight per cent
per annum. up to the time OF such
payment. at any time, upon the adop-
hyy ho nd re
Directors, providing for such redemp-
ton or retirement and the giving of
six months notice thereof to the stock
addressed to each stockholder at his
usual postoffice address, II known; If
unknown. by publishing, the same in a
MINNEAPOLIS for six Consecutive times.
is made. t shall be ca a pro rata amount
longing to each stockhoider. SUM "
In the event of any liquidation or
dissolution, or winding up voluntary
Soldeys or s y the STOCK sS
par value of their shares and the un-
paid dividends accrued thereon before
ers Of the common. stock: and after
me payment to the holders OF the pre-
unpsd Of its value and
divided and paid to the holders Of the
common stock according to their re-
spective shares
ARTICLE vi.
The highest amount Of Indebtedness
or liability to which this corporation
snall at any. time be subject is the
sum OF one hundred thousand ($100,-
00O.O0) dollars
-. ARTICLE VII.
and the management Of its anairs shall
Which shall Consist Ro az three s2 inSi
v ytdSats who shall be elected from the
which shall be held at the ONCE Of
d the corporation 90 sng,t on the SECOND satur-
other t officers OF this corporation shall
rstary and treasurer. az Of whom
meeting Of the stockholders. Any two
2. the s,4 Sm ICES except those Of presi;
e. one time by the same. person. The
board OF Directors and all ofncers, save
hose heretofore and hArAHnAStAf n0YnAA