The Sauk Centre herald. (Sauk Centre, Stearns County, Minn.) 1886-current, 1936-01-30
Ship. Ass n.
Held Annual
Meet Jan. Is
Reports Show Splendid Gain
and Financial Con-
ditiOn
DIRECTORS REELECTED
Vote To Change Articles of
Incorporation And
Bylaws

An increased business for the
Farmers Shipping Association for
the year 1885 was revealed to the
stockholders in annual session in
the Community Club rooms Satur-
day afternoon. Despite the severe
cold and drifted roads there was a
goodly number of stockholders in
attendance.
The meeting was called to order
by the president, F. J. Minette, fol-
lowing which the reports of the
years business were read by the
manager, w. H. Rattle. The re-
ports showed a gain in business
over the year 1884, and a healthy
financial condition for this cooper
alive enterprise. The books of the
concern had been audited by Pet
er Robischon, who recommended
to stockholders that the reports be
accepted, and this was done.
In the annual election it was
necessary to select two directors
each for a term Of three years.
Henry Barchanger and JOS. Miller,
whose terms had expired, were re-
elected without opposition.
At the annual meeting a year ago
certain changes were desired and
decided upon, and in accordance
resolutions were introduced at this
years meeting to amend the arti-
Giles of Incorporation, so that the
changes can be carried out as soon
as possible. The amendments to
the articles Of incorporation were
read as provided by law and the
changes were explained to the
stockholders. The amendment calls
for the annual meeting to be held
on the fourth Saturday in January,
which in the original articles was
stated to be held in June. The new
amendment also includes a vice
president in the roster of officers
| and sets the par value of stock at
$500 per share, instead of $500 as
in the past. The stockholders voted
to accept the amendment as writ
ten.
1t was also deemed necessary to
change the bylaws, which have
been in effect for 10 years. A new
set of bylaws were read by the
manager and accepted by the
stockholders. These changes allow
for expansion of the association
which were voted in annual meet
ing a year ago.
w. H. Rattle, manager, thanked
the stockholders for the splendid
support given during the past year,
and gave resume Of business con-
ditions in 1884 and plans for the
future as regards governmental ac-
tivities. He called attention to the
feed mill, which has been conduct
ed by private enterprise and read
the mill report which showed
splendid financial results. The mill
was offered for sale at the remain
ing Indebtedness, plus the cost Of
new oat hulling machine to be in
stalled soon. The stockholders vot-
ed to give the board Of directors
power to investigate and purchase
the mill II they believe it for the
betterment of the association.
Tn meeting was then adjourned
and moving picture, Power on
Parade" was thrown onto the
screen. This interesting sound NOV
lie depicted the manufacture and
use Of tractor drawn farm machin-
cry. The show opened with a min
ing scene where the raw ore was
loaded on cars and continued I'M
til the product was completed and
ready for use. This picture was
shown again during the evening.