The Princeton union. [volume] (Princeton, Minn.) 1876-1976, 1916-01-27
CERTIFICATE OF AMENDMENT OF THE
ARTICLES OF INCORPORATION OF
Z A. E. ALLEN & COMPANY.
(Jan. 27-2t)

we, #AIgot E.t5 Alien ana d. "A. Allen, re-
spectlvely the President and Secretary of A, p
E. Allen Company, do hereby certify that
meeting of the stockholders of A. E. Allen &
Company was duly and legally held at the
Office of the corporation at Princeton, on the
10th day of January, 1916, and that at said
meeting SO held the following resolution was
ADOPTED and the articles of incorporation
of said corporation were amended by a vote
Of all the members, shareholders and stock
holders. and of all the shares and stock Of
said company as follows:
Resolved: That article fifth of the articles
Of incorporation of this company be amended
article Fifth"
The amount of the capital stock of this cor
poration shall be fifty thousand dollars
($50.000) whereof thirty thousand dollars
lSS0,O00l shall be common stock and twenty
thousand dollars ($20,ooo) shall be preferred
stock and the number of shares of the capital
stock shall be three hundred 5000 shares of
common stock and two hundred (2OO) shares
Of preferred stock and the amount of each
share shall be one hundred dollars ($10O).
The said preferred stock shall be entitled
to seven per cent (7Gn) annual cumulative
dividends out of the profits Of said corporation.
and shall have such other preferences and
privileges as the corporation may confer there
on, and shall be subject to redemption, re-
tirement 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 such, amounts as shall be prescribed by said
the 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 preferred stock shall not be
entitled to vote as long as the dividends pre-
scribed for the preferred stock are duly paid
out, OF the net earnings of said company but
whenever for any reason an annual dividend
upon said preferred stock is passed and not
paid, thereupon each holder of preferred stock
shall be entitled to one vote either in person
or by proxy, for each share of preferred stock
ON cInn As,.,,o 4 IL
| right to vote at all the meetings of the
stockholders of said corporation until the pay
ment Of dividends upon said preferred stock
from the net earnings of said company =
resumed.
ALGOT E. ALLEN,
| President of A. E. Allen Company.
| j. A. ALLEN,
| Secretary of A. E. Allen & Company
corporate Seal.)
STATE OF MINNESOTA, County of Mile
Algot E. Allen and j. A. Allen being duly
sworn each for himself doth depose and say
and the said J. A. Allen is the secretary Of
A.. F. Allen & Company. that the above fore
| going instrument was executed pursuant to the
authority of the shareholders of said corpor-
alton as above set forth. That the seal affixed
/ to said instrument is the corporate seal of said
/ corporation and the said Algot E. Allen and
J: A. Allen acknowledged the execution of said
! instrument to be the free act and deed of
said corporation.
Dated January goth, 1916
! CHARLES KEITH,
I Notary Public Mile Laos Co., Mimi
/ (Notarial Seal.)
My commission expires Jan. 10, 1922.
/ STATE OF MINNESOTA-Depart of
State.
! I hereby certify that tile within instrument
| was filed for record in this office on the 24th
1 day of January. A. D. 1916. at 9 o'clock a. m.
and was duly recorded in book B-4 of incor.
porations, page 187.
4 JULIUS A. SCHMAHL,
q Secretary of State
! 1895
OFFICE OF REGISTER OF DEEDS County
4 of Mile Lacs State of Edinnesota-ss.
! hereby certify that the within instrument
I was filed in my office for record this
/ 25th stday of January, A. D. 1916, at j
i o'clock p. M, and duly recorded in book A 81
1 interpretations. on page 2'3.
A. G. OSTERBERG,
| Register of Deeds.
4 BY H. L. BERGH,
! Deputy.