New Ulm weekly review. [volume] (New Ulm, Minn.) 1878-1892, 1891-04-22
Articles Of Incorporation Of the S,
D. Peterson Implement Company.

We, the undersigned, desiring to be-
come incorporated under and in pur-
suance of the provisions of title two (2)
of chapter thirty-four (34) of the gener-
al statutes of 1873 of the State of Mime
sofa, and the several acts amendatorY
thereof, do hereby associate ourselveA|
to that end, adopt and execute the folN
lowing articles of incorporation, to wit:
alton is and shall be 1.-The S. d. Peter
son Implement Company" The gener-
al nature of the business of this copora-
ton shall be buying, owning, selling and
dealing in all kinds of agricultural i'm.
plements and hardware OF every nature,
and to do, perform and transact any
and all acts and business incident to-,
needful or proper for the successful pro-
secution of the same. The principal place
of transacJing the business of said cor
poraton shall be at the city of New
Ulm, in the County of Brown and Stale
Of Minnesota.
Article 2. The time of commence
ment of this corporation shall be May
1st, 1891 and it's period of continuance
shall be for 80 years thereafter. \
Article 3. The amount of capital stock
of said corporation shall be twenty
thousand ($2O.OOO) dollars, which shall
be divided into two hundred shares of
one hundred each and shall be paid in
such instaliments and at such times as
the board of directors shall determine.
Article 4. The highest amount Of in
debtness or liability to which said cor
poration shall at any time be subject
shall at no time exceed the amount of it's
capital stock.
Article 5. The names and places of
residence of the persons forming said/
corporation are: S. D. Peterson Of NA%
Ulm, Mimi, John Larson of New Ul4A
MIMI. and w. A. Hubbard OF New
Ulm, Mimi.
Article 6. The names of the persons
forming the first board of directors SEk:
S. D. Peterson, John Larson and w, IA.
Hubbard. :
The government of this corporation
and the management of it's affairs are
vested in board of three directors,
who shall be elected annually by the
stockholders on tho second Tuesday of
May of each year, provided that the
board of directors above named shall
hold their Offices until their successors
named meeting.
The Executive officers of said corpor-
atom sh Ill consist of a president, vice
president, secretary and treasurer, who
shall be elected at any of the regular
meetings by the board of directors,
(excepting the secretary who may be g
different person) from their own npm
Der, and shall have and exercise such
powers and perform such duties as thu
bylaws, which may be adopted from
time to time, may prescribe. !
The Offices of secretary and treasurer
may be held by the same person, any
vacancies occurring in said board of di-
rectors or Offices shall be filled by said
board of directors for the unexpired
term. ..s, -.
Until successors are elected and quail
flied, S. D. Peterson shall be president,
John Larson shall be vice-president and
w. A. Hubbard shall be secretary and
treasurer of said corporation.
In witness whereof, we have hereunto
set our hands and seals, this 18th day
of April A. D. 1891. LII
S. D. PETERSON [Seal.
JOHN LARSON Seal.
w. A. HUBBARD [Seal.
c, W. G. Wither
w. G.. Hubbell,
Witnesses to signature Of S. p. Peter
c. A. Hagberg
Nellie Brey
Witnesses to signatures of John Lar
son and w. A. Hubbard.
State of Minnesota, 80
Conntv of Brown 80
On this 18th day of April A. D. 1891
before me, Notary Public within and
for said county, personally appeared
John Larson and w. A. Hubbard to me
personally known to be the persons de-
scribed in and who executed the forgo-
ing instrument and acknowledged that
they executed the same as their free act
and deed.
G. "A. HAGBERd.
Notary Public, MINI.
State Of Minnesota, .
County of Ramsey.
This 14th day Of "A pril A. D. 1891 be-.
fore me a Notary Public within and for
said county, personally appeared S. ?.
Peterson to me known to be the person