The Irish standard., 1916-10-14

ARTICLE 6.
this eorporatoS shall '' be on se0f Hun 1l
bred Fifty Thousand Dollars ($15O. O00),
TO be divided into One Thousand Five
One Hundred f Dollars 's11o a' e vsiae 81 81
such total authorized capital stock, One
Thousand l,000) shares amounting to
Soo5 Shall Be common STOCK. ai ana a'Ffy Five
Fifty Thousand Dollars, ls5o,ooo) shall
From tms to tme Seef
Stock or the Common Stock, or both,
may be increased according to law and
be issued shan In such a and
| the Board of Directors and as may be
permitted by law.
The , holders Of Preferred Stock shall
clared, from the surplus or net profits
Of the corporation, yearly cumulative
dividends at the rate Of seven per cent
ssem mi: m ia or annually and upon
rectors., The dividends on the Preferred
payable before any dividends on the
Common Stock shall be paid or set
apart.
to the prior rights OF the holders of
Preferred Stock as herein declared, and
shall be entitled to such dividends as
naming after the payment Of the full
s0c ds Payable fSer on the
set aside from the surplus or net profits,
a sum sufficient for the payment of the
full dividends due on the Preferred
dissolution or winding-up whether
voluntary or Involuntary of the cor
full the par amount of their shares
before any AMOUNT shall be paid to the
the payment to. the holders Of the Pre-
naming assets and funds shall be di-
Of Common Stock. according to their
respective holdings.
,d The sh holders err Of the Common Stock
Ge beg ena 10 n y9 Hete s4en
Such right shall be exercised by the
owners own, or holders Of record and in
sonable regulations as may be pre-
scribed by the Bylaws of the corpora
I'll ton; IL END !l. In accordance with the laws
The Preferred Stock shall be issued
subject to redemption by the Corpora
ton at it's option at amy time upon the
made within ten years from the date Of
it's issue, the stock may be redeemed
upon payment Of the accumulated diyi-
sum Of One. Hundred Ten Dollars (s11O)
for each share of stock so redeemed
if, however, the redemption is made
the date of its issue. then there shall
be paid. to the holder of said stock all
accumulated dividends due thereon to-
gether with the sum of One Hundred
Fifteen Dollars ($115) for each share Of
stock so redeemed.
ARTICLE :.
The highest amount of Indebtedness
TO TO-, which the corporation shall at any
Thousand Dollars ($loO,OO0).
ARTICLE S.
The first Board of Directors of this
Gi sms atan shall be- James i Will
Mnneapo Hest Minne n "E Tiey al shall ii
hold their offices until the annual meet
day of May, 1917, and until their sue
Are eeete Sar and Sg wa
s sas Of set s%s HANDS and seals this
fh&EK i T.. E M1lEfHMss,
n ii. j. J: KoKEss!Es
4. S. IDowDELr. JR.,
w. B. WATSON.
State of Minnesota, County of Henne-
On this his Bird day of October, 1916
before me, a Notary Public within and
| for said county. personally appeared
James T. Williams, Frank j. Williams
\. F. Kruger, NJ. J. Horgan, and Arthur
Quiggle, to me known to be the per-
sons described in and who executed the
J foregoing Articles Of Incorporation, and
each acknowledged that he executed
| the same as his free act and deed for
| the uses and purpose therein stated.
A. S. I'oWDELL, -JR,
| Notary Public
Hennepin County, MINI.
| My commission expires Nov. /, 1918
(Notarial SeaD
State Of Minnesota. Department of
| State
| l hereby certify that the within in
strument was filed for record in this
Office on the 5th day of October, A. d.
| 1916, at IL o'clock A. NJ, and was duly
recorded in Book CA of IncorpOrations
JULIUS A. SCHMAHL.
Secretary of State
Office of Register of Deeds. State OF
Minnesota, County of Hennepin.
| l hereby certify that the within in
strument was filed for record in this
| office on the 5th day of October. A. d
| 1913, at 1910 O'Clock p. NJ, and was
duly recorded in book of
| AUGUST w. SKOG,
| Register of Deeds.
BY L. H. HAND,
Deputy Register of Deeds.