Echo de l'ouest. [volume] (Minneapolis, Minn.) 1883-1929, 1919-08-15
PARTICLES OF INCORPORATION
of
Observation-Disclosures MACA-
RONI COMPANY

as a body corporate, and do hereby
adopt the following Certificate of In
corporation:
ARTICLE l
/, The nan of this corporation shall
be Anderson-Jurgensen Macaroni
company. The general nature of its
business shall be to manufacture ma
caroni and all other similar products,
to manufacture breakfast foods; to
Isl any and all methods in so doing,
and to transact such other business
as NAV be connected with or necessary
or incident to the foregoing purposes.
The principal place Of business of this
corporation shall be at the City Of
Minneapolis, Hennepin County,
Minnesota.
ARTICLE II
The time for the commencement of
this corporation shall be September
list, 1919, and it shall continue for a
period of thirty years.
ARTICLE III.
The name and places of residences
of the persons forming this corpora
ton, are, Ernest j. Anderson, John E..
Jurgensen, and c. A. Carlson, all of
the City of Minneapolis Hennepin
County, Minnesota.
ARTICLE ~
/ The government of this corporation
and the management of it's affairs
shall be vested in a board of directors
composed of not less than three nor
more than five members. The names
and addresses of the first Board of
Directors, are, Ernest J. Anderson,
John E. J]urgensen, and C. A. Carlson,
all of the said City of Minneapolis.
The first officers Of this corporation
shall be Ernest J.. Anderson, President
and Treasurer; John r. Jurgensen,
Vice-President, and C. A. Carlson,
Secretary. All Of the above named
officers and directors shall hold their
respective offices aforesaid until the
next annual meeting of the corpora
ton to be held at the office of said
corporation in the said city of
MINNEAPOLIS, on the 9Th day of
January, 1920, at which time and an
nually thereafter, a Board Of direc-
tors shall be elected from and
bv the stockholders Of this corpora
ton. The annual meeting of this cor
%poration shall be held at its principal
place of business on the first Monday
in January of each year. Immediately
after the election of directors or as
soon thereafter as practicable, the
directore shall meet and elect from
their number a president, vice-pres-
ident. secretary, and treasurer. Any
two offices except president and vice
president may be held by n persol.
The directors of this corporation shall
hold their respective offices until their
successors have been duly elected and
have entered upon the discharge OF
their duties.
ARTICLE V.
The amount of the capital stock of
this corporation shall be $5O,OO0.00,
which shall be paid in, in money or
property, or both, in such manner, at
such times, and in such amounts as
the Board Of Directors shall order.
The capital stock shall consist of 500
shares of $4,000 each, and shall be
divided into SIS, 100000 Common Stock
and $4,000 preferred Stock. The hold
ers of the preferred stock shall be en-
titled to receive from the surplus or
net profits, when and as declared by
the Board of Directors, dividends at
the rate of seven per cent per annum,
payable semi-annually, beginning al
ter September LIST, 1920. Said seven
per cent dividends on preferred stock
shall be cumulative and shall be paid
before any dividends are paid upon
the common stock, after which seven
per cent is to be paid to the holders
of the common stock, and the remain
der of the net profits may be divided
pro rata among both the common and
preferred stockholders. The common
stock, only, shall have the voting pow
err. In case of dissolution or liquidation
of this corporation the preferred stock
holders shall be paid in full before any
payments are made on account OF the
common stock. The corporation may
retire any portion or all of the prefer
red stock on any dividend paying date
after the expiration Of five years from
the date hereof.
ARTICLE vi.
The highest amount of Indebtedness
or liability to which this corporation
shall at any time be subjected shall be
$45, 10000
in TESTIMONY WHEREOF, we
have hereunto set our hands, this 9Th
day Of August, 1919.
E. j. Anderson
John E. Jurgensen,
C. A.. Carlson.
In presence of
Fred B. Wright, Jr.
F. B. Wright.
TATE OF MINNESOTA.
SIS
COUNTY OF HENNEPIN
On this 9th day of August, 1919,
personally appeared before me, Ernest
j. Anderson, John E. Jurgensen, and
C. A. Carlson, to me known to be the
persons described in and who executed
the foregoing Certificate of Inqorpo-
ration, and each acknowledged that he
executed the same as his free act and
| deed, for the uses and purposes there
in expressed.
Fred B. Wright, Jr.
Notary Public, Hennepin County,
MINI.
MY Commission Expires June 9th,
1922.
(Notarial Seal)
State of Minnesota, Department Of
State.
I hereby certify that the within
instr17ro ont was filed for Record in this