The Bemidji daily pioneer. [volume] (Bemidji, Minn.) 1904-1971, 1919-05-02
or ARTICLES or m
CORPORATION OF BEn6IDJ1
MANuFACTURIMG COMPANY

State Of Minnesota, County Of Beltra-
A. M. Bagley and w. L.. Brooks after
being duly sworn. each for himself de-
poses and under his oath certifies:
That they are respectively The Ire Re- i
ufacturtng Company, q corporation or
ganized ,andG existing under and by
virtue Of the laws of the State Of Mime
sofa. ,s. 80 y. a.. 50" .
That on the .25e, day of April. 1919.
at the office. of said corporation. at a
said corporation. duly called for the ex-
pressly stated purpose of amending
Article III Of the articles of 1ncorpora-
ton of said corporation so as to in
alton from $4,000. to $125,0O0. and to
provide that $3.50 Of said stock shall
be common stock. and that $4,000 there
Of shall be preferred stock, said prefer
red stock to have no voting power, to be
paid an annual dividend of ten per cent,
such annual dividend to be cumula tive,
and to be paid before any dividend is
paid upon the common stock Of said
corporation, and said corporation to have
the right to retire said preferred stock
at any time after, five years from the
date of it's issuance. upon payment OF
the face value thereof, and accrued divi-
and also to amend Article Nv of the
articles of incorporation so as to In
crease the highest amount Of indebted
ness or liability TO which said corpora
ton shall at any time be subject from
$40. 900 to $125.000. the following resolu.
ton was adopted: by a majority vote OF
all the stock Of said corporations issued
and outstanding: y Z. -..-.-.
Resolved ytiiaf article Ill Of the arti-
cles of Incorporation of this corporation
be amended SO at to increase the capital
stock of said corporation from $4,000
to 1925. 900, so that said Article III shall
read as folloT nG,,c, r.
Section /, The capital stock Of said
corporation shall be One Hundred and
Twenty-Five Thousand Dollars. and the
same shall be divided as follows: $4,000
thereof into seven hundred and fifty
shares of common stock Of the par
value of one hundred dollars each. $780,
900 thereof to be designated as Prefer-
red stock, to be divided into 500 shares
of the par value Of $4,000 each. said
to be paid an annual dividend, of ten
per cent. such annual dividend TO be
cumulative, and to be paid before any
dividend is paid upon the common STOCK
ton to have the right to retire sald
preferred stock at any time after hve
years from the date of its issuance upon
payment Of the face value thereof ana
accrued dividends up to the time or such
= Resolved that Article " ,of the arti-
cles y.of incorporation of this corpora
ton be amended so as to increase the
ity to which said corporation shan AZ
any time be subject from $4,000 to
s125,000. SO that said article Nv shall
read as follows:
The highest amount of Indebtedness OF
liability to which said corporation snail
at any time be subject shall be One
Hundred and Twenty-Five Thousand DOL
lars"
In Witness Whereof the said Presi-
dent and Secretary of said corporation
have hereunto set their hands and anix TX.
s 18th the day sea- Of H al ia'd 1915 sofp'
a. NJ. BAGLEY.
w L. BROOKS.
corporate SeaD
Subscribed and sworn to BEFORE me
this 25th day of April M aslg wERrH-
BeItrami County. State Of Minnesota.
MY commission expires Dec. II. 1924.
State Of Minnesota.
Department of State.
! hereby certify that the WITHIN IN
office on the 2sth day. of April, 1913
Fat 9 o'clock a. m, and was duly record
ed in book, H-4.r of Interpretations on
!. JULIUS A. scHMAHL.
Secretary of State.
Office of Register Of Deeds, 4,
Beltrami County, Minnesota.
hereby certify that this instrument
was filed in this Office for record on the
list day of May, A. D. 1919, at O'CLOCK
.. m, and was duly recorder in Book
ia Of Miscellaneous on page 1872:
Register of Deeds