Little Falls herald. [volume] (Little Falls, Morrison County, Minn.) 1889-1950, 1921-12-30

cERT1FIcATE OF AMENDMENT
ARTICLES OF INCORPORATION
LITTLE FALLS ELI<s HOME AssO-
CITATION p.
We. Chas. Sylvester and Stephen e.
vasaA President and Secretary re-
Home Association. a corporation or
gani1ed and existing under the laws of
the State of Minnesota do hereby Ger
Stockholders Of the association. duly
called and held at the office of the Sec
rotary in the City Of Little Falls. State
Of Minnesota. on the 30th day Novem-
ed in person or by proxy all the shares
of the capital stock Of the association
issued and out standing resolution
and correct copy. was as shown by the
meeting duly and lawfully adopted
by the aff fnni vote e., of al the
ers of said association present and rep
resented at said meeting:
Resolved. that, articles ~ and VI
of the Articles of Incorporation of the
Association be, and hereby the same as
amended so as to read as follows:
The management~of the affairs Of
this association shall be vested in
beard Of directors composed of five
members to be elected by the stock
holders Of this association at the an
Monday of the month Of January in
the year 1921 at 1880 p. NJ. and upon
said day annually thereafter. A major
ity of the directors of this associa-
ton shall at all times be selected from
the elective officers and the Past Ex-
allied Rulers Of Little Falls Lodge:
the Benevolent and Protective Order
of Elks Of the United States OF Amer
lea The names of the members Of the
office until the first, annual meeting
tin Koslosky, z. A. Bers, Stephen G.
Nasay t. G G9pdSn; al M Of whose az
the first annual meeting Of the stock.
holders, one director shall be elected
for term of one year, two directors
for a term of two years and two direc.
the unexpired term.
ARTICLE vi
shall be s75,ooo.oo divided into 1900
shares of the par value of ten dollars
each: Of said capital stock Fifty Thou
sand (5,OOO) shares, shall be preferred
stock, and Twenty Five Thousand Dol
lars ($25,0OO) or Twenty Five Hundred
t25GN shares in which shall be includ-
l295) shares Of stock now issued and
outstanding, shall be common stock.
The said preferred stock shall en-.
title the holder thereof TO re hece,vs oc Gae
ton shall be bound to pay thereon a
fixed yearly cumulative dividend of
five per cent 6 per cent? per ahnum.
on the first day OF July and january
in each year, before any dividends
shah be set apart for or paid on the
Said preferred stock shall be subject
to retirement at the option of the as
ISOLATION on the date of the payment
Of any dividend thereon at par ana ma
death Of a holder OF preferred stock;
his executors or administrators shall
have the right to demand that SAID
stock be retired and shall be PAID the
par value of same ana accrued dlVl-
dends.
In the event of my liquidation j., or
dissolution or wnding ., up \ t%n liner
poration. the holders of the preferred
Stock shall be entitled to be paid in
fun both the par amount OF their
shares. and the unpaid dividends &C,
crued thereon, before any amount snail
be paid to the holders of the common
stock: and after the payment to- the
holders. of the preferred stock OF lts
funds shall be divided and paid to the
holders of the common stock accord
ing to their respective shares.
Every holder Of the stock of the as
ISOLATION either common or preLerfea
shall be entitled to one vote Tor each
share of stock so held by him at all
meetings of the stockholders OF the
The capital stock of the association
both common and preferred, may De
issued in such manner, f9 t;,, sucn p the
Boara Of Directors may from time 10
time order and prescribe.
Resolved further. that the PresioehI
and hereby are authorized and direct
ed for and in behalf of the association
and under it's corporate seal, to certi,
fy to the foregoing res9ufai 4oa ana
corded and published as required ~
law and to take such other action rel
alive thereto as may be necessary 70
carry out the purposes ana intent
IN WITNESS WHEREOF we have
hereunto' Subscribed our names respec@@
the little Fails Elks Home Associa-
ton and for and in it's behalf nave
hereunto affixed it's corporate seal TINS
3rd day of December 1921; e,,,,n
a,esa n f.l,35. President,
h'''e a sTEPHEN G. VAsALY.
l<lt
In presence Of:
G. r: MERR1CK.
LOUIS w. VASALY. :
corporate SeaD -
state Of Minnesota }a.>
County of Morrison ,o 100,
before me appeared Chas sylvester
a amv Rown to be the President ana
Secretary respectively OF OF the e,ha nT he
;n ar'i nv me duly sworn did each depose
and say that said Chas. Sylvester IS
the President and said stephen c. VAS
aiy the secretary Of the SAID -. tI AZ
seal s affixed to the foregoing cert,
ficate il the corporate seal of said
norno,afion and that said certificate
was executed in behalf Of ssaid cor
Roration by S au sa;@ GSaa 81 Sylvester and
Stephen c. Vasaly acknowledged saad
instrument to be the free act and deed:
Of the said corporation. vAaAIy
Notary Public in and for the County
Of Morrison and State Of Minnesota!
(Ny Commission expires Fep ruafy 10
STATE OF MINNESOTA
Department of State
hereby certify that the within IN
Office on the 14th day Of December, A..
3: 1921 at C,cl Reen A A. of and anc was
porations on page 319: ,,
Secretary Of State.
os,e. q Register Of r Deeds ! !.
cos.ry Of Mor1a.on, Minp: ,..,. 8.