Der fortschritt. [volume] (New Ulm, Minn.) 1891-1915, 1894-02-22

ARTICLE lll.-The amount OF the cap
ital stock of this corporation shall be
Five thousand dollars, 81 500 of the said
capital stock shall be paid up within the
18th day of May, 1894, and the remain
der shall be paid in such amounts as the
board of directors of this corporation
shall determine and direct.
ARTICLE IV.-The highest amount of
indebtedness or liability to which this
corporation shall at any time be subject
to shall be Two thousand dollars.
ARTICLE V.-The names and places of
residence of the persons forming this as
sociation tor incorporation are as follows.
viz:
Andrew Hoffman,,
Town Of Sigel, County OF Brown, Minn.
Peter Seifert,
Town of sigel, County Of Brown MINI.
Anton Hillesheim,
Town Of sigel, County Of Brown, Minn.
H. A. Hillesheim,
Town of sigel, County Of Brown, Mimi.
Jos. Wiltscheck,
Town Of sigel, County Of Brown, MINI.
Town Of sigel, county Of Brown, Mimi.
George Guggisberg,
Town Of Sigel, County OF Brown, MINI.
John Kral,
Town of Sigel County of Brown Minn-
Anton Baumann,
Town of Sigel, County Of Brown, Minn.
ARTICLE VI.-The government of this
corporation and the management of it's
affairs shall be vested in President, a
Vice President, Secretary, a Treasurer
and board of not less than six direct
ors, which number may be increased at
TO 1,a cf~
holders at a meeting called for that puff
pose. The directors shall be elected by
and from among the stockholders of this
which shall be held at such place as the
which directors so elected shall hold their
said Offices for term Of one year, and
until their successors are elected.
The Board of Directors shall adopt
corporate seal therefor, and mark and
adopt such bylaws, rules and regulations
for the conducting and management of
tion as may be necessary and proper for
business and not inconsistent with these
articles and not contraryto the laws and
statutes of the state of Minnesota.
1
and Treasurer shall be elected annually
their members at the annual meeting of
meeting of said board of directors shall
be held Immediately after the adjourn
ment of said annual meeting of said
stockholders at which said directors were
elected.
and Treasurer of this corporation elected
us aforesaid shall hold their Offices for
the term of one year and until their sue
cessors are elected. In case of vacancy
for any cause in said board of directors
said vacancy may be filled at any special
meeting of the stockholders called for
that purpose and the director or direct
ors so elected shall hold such office until
the next annual meeting of the stock
holders.
In case of vacancy for any cause in the
office of President, Vice. President, Secre-
tary and Treasurer of this corporation
or in either of said Offices the same may
be filled by said board of directors at any
special meeting of said board and the
persons so elected to fill such vacancy
shall hold such Office until the annual
eleCC1On OF SSl1u DOstTu VI ulIcCLOIS.
ARTICLE VII.-The following named
persons shall constitute the first ,board
of directors, viz: Andrew Hoffman,, Pc
ter Seifert, Anton Hillesheim, H. A. Hill
lesheim, Jos. Wiltscheck, Jack Irving, Will
liam Boettger jr., George Guggisberg,
Tohn Kral and Anton Baumann and the
said Andrew Hoffman, shall be presi
dent, Peter Seifert shall be vice president,
Anton Hillesheim shall be secretary, and
H. A. Hillesheim shall be the treasurer,
and they shall hold their Office until their
successors shall be elected.
ARTICLE VIlI.-The number of shares
of the capital stock of this corporation
shall be One hundred and each share shall
be Fifty dollars.
In witness whereof we have hereunto
set our hands and seals this 10th day of
January, 1894: ~s.
ANDREW HOFFMAN,, H. S.
PETER SEIFERT, IL. S.
ANTON HILLEsHElM, O.. S.
H. A. HILLEsHElM, IL. S.
Jos. W1LTscHEcK, IL. S.
JACK IRVING, H. s.
I~.