New Ulm weekly review. [volume] (New Ulm, Minn.) 1878-1892, 1891-11-11
First publication Oct. 21st 1917
( Last publication Nov. 18th. 1879
Articles Of Incorporation Of the
Eagle Roller Mill Company Of
New Ulm, Minnesota.
Know all Men by these Presents:

N6W Ullu, minnesota.
Know all Men by these Presents:
That the undersigned do hereby
agree TO and associate themselves to-
gether Tor the purpose of becoming a
corporation, ander and by virtue of the
laws OF the State of Minnesota in such
case made and provided, and for that
purpose do hereby adopt, agree to, sign
and execute the follow articles of IN
corporations, to-wit:
Article l. The name of this corpora
ton shall be the Eagle Roller Mill
Company"
Article 2. The principal place for
transacting the business of this corpora-
ton shall be at the city of New Ulm,
IN the County of Brown and State of
Minnesota.
Article 3. The general nature of the
business of this corporation shall be to
purchase, sell, build, rent, lease, let,
manage and operate Touring mills and
other equipments and buildings, struct-
ures and property necessary or conven-
lent Tor the purpose of transacting and
CARRYING on general milling business,
and to buy. sell and deal in all products
OF such business; also the constructing,
building. owning, leasing, buying, sell
ing, maintaining and operating docks,
elevators, warehouses and storage
rooms, for the purpose of buying, sell
ing, storing. forwarding, milling and
dealing in wheat, and other grain and
farming products of all kinds. as well
rs other personal property; also to buy,
own. sell. lease, let, convey, mortgage,
improve or otherwise dispose of and
deal in real and personal property of
! whatever nature, name or description,
which the board of directors may deem
necessary, desirable, proper or conven.
lent for the purpose Of carrying on said
business as aforesaid, and generally to
do all other acts and things necessary
or proper in conducting. exercising or
managing any and all of its business
aforesaid. --.- r..
Article 4. The amount of the capital
stock OF this corporation shall be Three
hundred thousand ($300.000) dollars,
divided into three thousand shares of
the par value of one hundred dollars
each, all of which shall be subscribed
for and paid in full before commencing
business hereunder. -
Article 5. The time of the commence
ment of this corporation shall be the first
day of December, A. D. 1891. and the
period of its continuance shall be for the
term Of thirty (S0) years thereafter.
Article 6. The highest amour: of in
debledness or liability to which this cor
poration shall at any time be subject,
! shall be Two hundred thousand $780,
000) dollars.
Article Z. The names and place OF
residence OF the persons forming this
corporation are as follows: Charles Sill.
version, William Silverson and A.
Schmitt, DR., all OF the city New Ulm,
State of Minnesota, and A. Schmitt OF
the city of Cincinnati, State of Ohio.
Article 8. The government of this
corporation and the management of its
business and affairs shall be vested in q
board of four directors, who shall be
: elected annually by and from the stock
holders of said corporation at each an
nual meeting thereof, which shall be
held on the second Tuesday of January
OF each year, at the principal Office O.
the corporation in said city of New Ulm
Said directors shall bold office for one
year and until their successors are elect
7 ed in their stead. The directors shall
meet in each year Immediately aftel
their election and adjournment of the
annual meeting of the stockholders. or
ganize and elect from their own numbe
president, vice-president, secretary
and treasurer, who shall be the officer
OF said board as we'll as of the corpora
ton. The directors and officers of thi!
corporation shall hold their respectiv,
offices after their election and qualifica
e ton until the succeeding annual meet
ing OF the stockholders and until thei
successors are elected and qualified
Vacancies in the board of directors o
' officers may be filed for the unexpire,
term by the remaining members of th
board at any regular or special meetin.
thereof held in pursuance of the by laws
: Article 3. The persons forming thi
corporation shall be the first board o
directors and officers of whom Charlie
!. Silverson shall be Presidents; A. Schnlit
1 Vice president; A. Schmitt, Jr., Secre.
tary; and William Silverson, Treasurer
all OF whom shall hold their respective
offices until the first annual meeting o
the corporation next to be held after tn,
act OF incorporation is complete, ant
until their successors are elected ant
qualified. The Office of secretary ant
treasurer may be held by one and the
same person. = 81
3 Article 10. The board of director:
may also appoint such other officers
superintendents, managers, agents and
, employees, as they may deem proper o,
necessary for the management Of the
business of the corporation, and define
| their respective powers and duties, not
inconsistent herewith. Said board OF
directors may also adopt such bylaws
rules and regulations which they may
deem proper, convenient or necessary
for the government of said corporation
and defining the powers and duties OF
the officers and directors thereof.
In testimony whereof, we the incor.
porators, have hereunto set our hands
and seals this 9Th day Of October A. D.
1891.