Bismarck weekly tribune. [volume] (Bismarck, Dakota [N.D.]) 1884-1943, 1892-10-28
70 INVESTORS
In North DakOta-PrOspectus of h North
Dakota Milling Association.

In North DakOta-PrOspectus of the North
Dakota Milling Association.
This corporation is organized under
the laws of the state of New Jersey. It
has $750,000 capital stock, Of which
$5OO,OO0 is common stock. and $25O,O00
is preferred stock. OF the above amount
Of stock the millers of the state who are
going into the corporation have sub
scribed for 100000 of the common stock
and about $4,000 of the preferred stock,
the entire amount being taken at par
value of 800 per share, and the bylaws
of the incorporation distinctly state that
no stock shall be sold at less than par.
Options on enough milling property that
is desirable are held by the corporation
to absorb the remainder of the common
stock. thus leaving only 100000 of the
preferred stock for sale. With the view
OF interesting farmers and the people Of
our state in our enterprise we have de-
cided to offer this 100000 of preferred
stock at par to be apportioned in the
order of the subscriptions as received by
our bankers. This stock draws s per
cent. interest per annum and this in
terest must be paid before the holders of
the common stock can receive any divi-
dends whatever and in the event of liqui-
dation this stock is preferred in the
settlement, before the common stock
can participate, to the extent of all
arrears of interest and the principal.
The corporation reserves the right to
purchase the preferred stock after ten
years.
1t will be seen that this preferred
stock is a practical mortgage on the
entire property of the corporation, No
bonds have been issued, and it is the
intention of the corporation to keep it's
property up to the highest standard, and
entirely free from incumbrance. Every
miller entering his property in the
corporation gives evidence of his con-
fdence by taking stock for his property,
and we have no hesitation in recon-
mending this investment as first class,
as it offers unquestionable security at a
good rate of interest with ten years to
run.
The following banks will be glad to
receive subscriptions for this stock, and
a prospectus more in detail and further
particulars can be had no application to |
them. We have no hesitation in saying |
that any practical business man of the
state will recommend this investment, as
an investment, aud the purchase of this
stock by our people gives the corpora
ton the additional assurance of con-
fdence in the only active and general
manufacturing business of the state.
The incorporators are free in saying
That this corporation can successfully |
maintain itself against the immense cor
p%orations now operating mills at Mime
apolis and at the head of Lake Superior,
as these mills have built their reputa-
ton largely from Dakota wheat put out
to the public as Minnesota patent -four,
and the North Dakota Milling %associa-
ton proposes to manufacture and sell
its flour as a pure North Dakota pro-
duct, thus enforcing such credit to our
state as the superior quality of our
cereals entities us to. The manager of
the company will be glad to answer any
questions from prospective investors if
addressed to John M. Turner, Mandan.
Subscriptions will be received at First
National bank, Park River; State bank,
Northwood; Security Trust Co., Grand
Union National bank, Grand
Grand Forks National bank,
Grand Forks; Goose River bank, May
Vile; James River National bank, James,
town; First National bank, Bismarck;
First National bank, Mandan; North
western National bank, Minneapolis;
National bank, Fargo; Red River
National bank, Fargo, and Mer-
chants State bank, Fargo.