The labor world. [volume] (Duluth, Minn.) 1896-current, 1919-04-26

cER71r1cArz oHsAsfnzNDMENrog
ARTICLES Or :5osSc Or
s6 &g5S 1sSc'RAsz, M
We, W. q. Baldwin and il =. Peacha,
Jr., president and secretary respectively
Of Interstate Auto Company, 1ncorpor-
by certify that ut a special meeting of
the stockholders Of said corporation,
called for that expressly stated purpose,
at which meeting more thar g majority
Of the outstanaj ashares Of the stock
the following resolutions amendinE the
Articles Of incorporates ofaaaid Com
pany, was adopted BY moresthan q ma
jority OF the outstanding 4h1feS OF the
stock i.n Of said e9rporation, to,wit:
Incorporation Of the Interstate Auto
Company, Incorporated be and the
same hereby are amended az follows:
l. ARTICLE Wis amended 80 that
1t shall read az follows:
The amount Of the capital stock Of
this corporation shall be One Hun
Which shaii be diVided into ONE
thousand 10000 shares Of the par
value Of One Hundred Dollars ($100)
each; seven hundred FIFTY (75o)
shares of said stock shall be common
shares shall be preferred stock. The
owners of the Preferred stock Of this
Company shall be entitled to receive
out Of the net profits OF the Compa-
ny, dividends at the rate Of seven
per cent per al1num, payable semi:
annually, on the LIST day Of October
and the 1st day of April in each year.
Such dividends shall be cumulative,
and II on any such date said dividend
SHAH not be paid in full. the defic-
subsequently,. and always before any
dividend shall be paid upon the Com
mon stock of the Company. In case
OF liquidation or dissolution Of the
ferred stock shall be entitled to be
paid in full. both the principal or par
value of such Preferred stock and any
accumulated dividends thereon, be-
fore any amount shan be paid to the
holders OF the Common Stock; the bal
IN case Of such liquidation or disso-
luton, to belong to the holders of
the Common stock. At any dividend
paving date ACQUIRING five years sub
any certificate of Preferred stock,
this Company shall have the right to
retire said Preferred stock and de-
crease its capitalization accordingly
by paying to the holders thereof OF
the par value thereof, with any ac-
crued or accumulated dividends. Such
capital stock, Common or Preferred,
shall be paid in in cash: or property,
or both: at such times and in such
amounts and manner as may be de-
ectors Of this corporation. The pre-
ferred stock shall not have any vot-
ing power.
2. ARTICLE VI is amended 50
that it shall read as follows:
The higest" amount Of Indebtedness
or liability to which this corporation
shall at any time be subject, is One
Thousand Dollars (s1OO, oOO).'
IN TESTIMONY WHEREOF, We have
hereunto set 'our hands and seals this
In presence OF:
4 G: = eiLs FET
W. G. BALDWIN tseaD.
STATE 81 i + Mi REASHA: JR So SssaR ~
On this 18th day of April, 1919, per-
sonally appeared before me, Notary
Public within and for st. Louis County,
Minnesota, the above named w. G.
personally known by me to be the pres
Ldent and secretary? respectively of In
terstate Auto Company. Incorporated,
and they acknowledged that the Articls
u Incorporation OF SAID corporation
were amended by resolution as above
set forth at the time and place above
and in. the manner above
designated and that the foregoing is
true and correct copy of said resolu-
ton.
LESLIE c. G1LBERTsON,
Notary Public, st. Louis Coun-
ty, Mimi, Ny Commission
..< expires Nov. 10, 1923.
STATE or MiNNEsoTA. DEPART
MENT OF STATE
I hereby certify that the within in
strument was filed for record in this
office on the IL day Of April A. D..
1919. at II o'clock A. NJ, and was duly
recorded in Book H-4 Of INCORPORA-
TONS on Page 1O8.
JULIUS A. SCHMAHL,
OFFICE OF REGISTER OF DEEDS
STATE OF MINNESOTA, COUNTY OF
St. Louis.-ss.
I hereby certify that tho within in
strument was filed in this office for
record April IS, 1919, at 1850 p. NJ.
and was duly recorded in Book 16 Of
page 612.
CHAS. CALLIGAN.
Register Of Deeds.
BY c. L LOFGREN.
H. MCLDARN, Attorney.
Il