The labor world. [volume] (Duluth, Minn.) 1896-current, 1919-04-19

[9, 1919. '.' -
cBRT1FuoATE or ;AMEzNpM an
ARTICLES OF ~ 6%coRPoRAr1oN
INTERSTATE AUTO COMPANY, m
CORPATED.
We, W. G. Baldwin ssapd J.I T. Peacha,
Jr., president and secretary respectively
ated, a Minnesota CORPORATION, do 'heres,
the stockhpideis Is Of Ssid corporat a -
called for that expressly stated purpose,
at which meeting more than a majority
of the outstanding shares of the stock
the following resolution amending the
Articles of Incorporation of said Com
pany, was adopted by more than ma
jority of the outstanding shares of the
stock of said corporation, to-wit: ..
"REsOLVED, That the Articles OF
Incorporation Of the Interstate Auto
Company, Incorporated, be and the
same hereby are amended as follows:
I. ARTICLE v is amended so that
1t shall read as follows:
The amount Of the capital stock of
this corporation shall be One Hun
which shall be. divided into one
thousand 10000 shares Of the par
value Of One Hundred Dollars $4,000
each; seven hundred fifty (750)
shares of said stock shall be common
stock, and two hundred fifty (250)
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 annum, payable semi
annually, on the LIST day of October
and the LIST day Of April in each year.
Such dividends shall be cumulative,
and it on any such date said dividend
shall not be paid in full, the defic-
iency shall accrue and be payable
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
Company, the holders of the Pre-
paid in full. both the principal or par
value of such Preferred stock and any
accumulated dividends thereon, be-
fore any amount shall 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
paying date ACQUIRING five years sub
sequent to the date of issuance of
this Company shall have the right to
retire said Preferred stock and de-
crease it's 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-
termined upon by the Board of Dir
ectors OF this corporation. The pre-
ferred stock shall not have any vot-
ing power.
2. ARTICLE vi. Is amended so
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
IN TESTIMONY WHEREOF, We have
hereunto set our hands and seals this
9Th day of April. 1919.
In presence Of:
HUGH j. M'CIIEARN
C. GILBERTSON
j. T. PEACHA, JR. (seaD.
STATE OF MINNESOTA, COUNTY OF
st. Louis.-ss.
sonally appeared before me, a Notary
Public within and for st. Louis County,
Minnesota, the above named w. G.
Baldwin and J. T: Peacha, Jr., who are
personally known by me to be the pres
id zen ana secretary respectively OF In
1pe~AIJs AACO1 1dGcu,
and they acknowledged that the Articls
OF Incorporation of said corporation
were amended by resolution as above
set forth at the time and place above
mentioned, and in the manner above
designated and that the foregoing is a
true and correct copy or said resolu-
ton.
LESLIE c. GILBERTsoN,
Notary Public, st. Louis Coun-
ty, Mimi, My Commission
expires Nov. 10, 1923.
STATE OF MINNESOTA. DEPART
MENT' OF STATE
I hereby certify that the within in
strument was flied for record in this
office on the IL day of April A. D.,
1919, at II o'clock A. M, and was duly
recorded in Book H-4 of INCORPORA-
TlONS on Page 1O8.
JULIUS A. SCHMATIL,
Secretary Of State.
OFFICE OF REGISTER or DEEDS
OF MINNESOTA, COUNTY OF
St. -Louis.-ss.
Thereby certify that the within in
strument was filed in this office for
record April IS, 1919, at 4:30 p. M,
and was duly recorded in Book 16 Of
Miscellaneous page 612.
CHAS. CALLIGAN,
Register of Deeds.
By C. L. LOF'GREN,
Deputy.
H. M'CLEARN, Attorney.
L. w., Apr. 19-26-1919.