Der fortschritt. [volume] (New Ulm, Minn.) 1891-1915, 1894-03-01


ital stock of this corporation shall b'
Five thousand dollars, 81 500 of the sale
capital stock shall be paid up within th'
18th day of May, 1894, and the remain
der shall be paid in such amounts as tn,
board of directors of this corporation
shall determine and direct.
ARTICLE IV.-The highest amount OF
Indebtedness or liability to which thi.
corporation shall at any time be subject
to shall be Two thousand dollars.
residence of the persons forming this as
sociation tor incorporation are as follows
viz:
Town Of sgel, County Of Brown. MINI.
Peter Seifert,
Town of Sigel, County of Brown MINI.
Anton Hillesheim,
Town OF Sigel., County Of Brown MINI.
H. A. Hillesheim,
Town Of sigel,, County Of Brown MINI.
Jos. Wiltscheck,
Town Of sigel, County Of Brown, Mnn
Jack Irving,
Town Of Sigel, County Of Brown, Mimi
Vim. Boettger, jr.,
Town Of Sigel, County Of Brown, Mimi
George Guggisberg,
Town Of sigel, County Of Brown, MIMI
John Kral.
Town OF Sigel, County OF Brown Mimi
Anton Baumann,
Town Of Sigel, County OF Brown, MINI,
ARTICLE VI.-The government of this
corporation and the management of its
affairs shall be vested in a President, a
Vice President, a Secretary, a Treasurer
and board of not less than six direct
ors, which number may be increased at
any time by majority vote of the stock
holders at a meeting called for that pur-
pose. The directors. shall be elected by
and from among the stockholders of this
corporation at their annual meeting,
which shall be held at such place as the
board of directors shall appoint and
which directors so elected shall hold their
said Offices for a term of one year and
until their successors are elected.
The Board of Directors shall adopt a
corporate seal therefor, and mark and
adopt such bylaws, rules and regulations
for the conducting and management of
the affairs and business of the corpora
ton as may be necessary and proper for
the conducting and carrying on of said
business and not inconsistant with these
articles and not contrary to the laws and
statutes of the state of Minnesota.
The President, Vice-President, Secretary
and Treasurer shall be elected annually
by the board of directors and from among
their members at the annual meeting of
said board of directors which annual
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.
The President, Vice President, Secretary
and Treasurer of this corporation elected
as 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 filed 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-P 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
Sldu uOAu Su(u OuAAC ulLA lAS eAAAhuGlA
election of said board of directors.
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,
John 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 VIII.-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:
ANDREW HOFFMAN,, IL. 5.
PETER SEIFERT, IL. 5.
ANTON HILLEsHEIM, IL. 5.
H. A. HILLEsHEIM, L. S.
Jos. WILTscHEcK, l.. S.