New Ulm review. (New Ulm, Brown County, Minn.) 1892-1961, 1897-05-26
Articles of Incorporation.
ARTICLE /.

The undersig ned, do hereby associate
themselves together, and form them
selves into corporation under the cor
porate name and style of the "New Ulm
Telephone Company" with full power
and under such corporate name to do
all things which Telephone Company
in the State of Minnesota may lawfully
do. The object and purpose of said
corporation and the general nature of
its business shall be the owning, pur-
chasing, constructing and operating of
a Telephone line or exchange in the city
Of New Ulm, County of Brown and State
of Minnesota, with the necessary appur-
tenances to the same, and to es teEd said
telephone line in either or any direction
from said City of New Ulm and to con-
meet with other telephone lines now or
hereafter to be constructed; and to con-
troll, construct or acquire by purchase,
lease or other contract such additional
telephone lines connecting Herewith,
and for the transaction of all business
appurtenant to the construction, mantle
nance and operation of telephone line.
The principal place of transacting the
business of this corporation shall be the
City of New Ulm, County of Brown and
State of Minnesota.
ARTICLE 2.
The corporation shall commence on
the LIST day of July 1897 and shall con-
tinue for the period of twenty-five years
with the right of renewal.
ARTICLE 3.
The capital stock of this corporation
shall be Ten Thousand Dollars, divided
into One Hundred shares Of One Hun
dred Dollars each, and the same shall be
paid in as follows, that is to say: so per
cent thereof at the time the same is SUBJ
scribed, and the balance thereof at such
times and in such installments as the
Board of directors may from time to
time direct.
/ ARTICLE 4.
The highest amount of Indebtedness
to which this corporation shall at any
time be subject, shall be the SUM of Two
Thousand Dollars.
ARTICLE 5.
The names and places of residence of
the persons, forming this corporation
are as follows: H. L. Saverien, Louie
Mueller, L. A. Fritsche, William G.. AL
WIN, A. II. Wagner, Andrew J. Eckstein,
J. L. Schoch, Joseph Boblete1 and AL
bert Steinhauser, all of whom reside in
the City of New Ulm, Brown County,
Minnesota.
ARTICLE 6.
The affairs of the corporation shall be
managed by a board of five directors
who shall be stockholders, and shall be
elected annually on the LIST Tuesday in
March of each year, by the stockhol-
ders IN person or by proxy. The first
election of directors shall be held on the
lst Tuesday in March, 1898, prlor to
which time the following named persons
tc-wlt: H. L. Saverien, J. L. Schoch
Joseph Bobleter, A. II. Wagner and
Albert Steinhauser shall constitute the
Board of Directors and shall hold office
as such directors until said time. Any
vacancy in said first Board of Directors
may be filled by the directors remaining
in said board, and the majority of said
original Board of Directors shall constl
tntc quorum for the transaction of any
business of the company.
ARTICLE
The Board of Directors shall annually
elect from their number q President, q
Wee president, Secretary and a Treas.
urer, and such other officers as they may
deem necessary for the transaction of the
business of said corporation, who shall
have such powers as may be given By