New Ulm review. (New Ulm, Brown County, Minn.) 1892-1961, 1901-01-30
Articles Of Incorporation
BURG CIGAR COMPANY,

=. KNOW ALL MEN BY THESE PRESENTS,
That the undersigned do hereby assocl-
ate themselves as a corporation under
the General Laws of Minnesota of 1873, and
the several acts amendatory thereof, and
TO that end adopt and sign the following.
ARTICLE /.
The name of this corporation shall be
the Burg Cigar Company
ARTICLE
The general nature of the business of
said corporation and the purpose for
which the same is formed shall be the
manufacture of cigars and tobacco and
the product of tobacco of every nature,
name or description of purchasing tobac-
co and other raw material necessary
therefor; and of selling and diSposing Of
the product sonanufactured.
ARTICLE 3.
The principle place of t1ansacting the
business of said corporation shall be the
City of New UIn in the County of Brown
and State OF Minnesota.
ARTIcLE4.
The time Of the commencement of this
corporation shall be the first d ay of March,
A. d. 1901, and the continuance thereof
shall be for the period of thirty 500 years
from andiafteT said date.
ARTIcLE5.
The amount of capital stock. of this cor
poration shall be fifty thousand $50, OOO.)
dollars, of which amount fifteen tho1s-s
add t$15, 000) dollars thereof shall be actu-
ally paid in at the time of the com rnerace-H
nent of this corporation, and the remain
der of the said stock shall be issued II,
such amounts, paid IN at such time and
Directors of this corporation may deter
mine.
ARTICLE 6.
The name and places of residence of
the persons forming this corporation are
and Max Burg, all residing in the civ Of +
New U1m in the County of Brown and
State of Minnesota.
ARTICLE
The number of shares of the capital
stock of this corporation shall be five hum
dred 500, and the par value of each share
shall be one hundred t$l0000) dollars The
number Of shares owned by each stock
holderis as follows: Frank Burg, fifty (5O);
William Burg. fifty (50) and Max Burg fif.
ty t50) shares
ARTICLE 5.
The highest amount of indebtedness or
liability to which this corporation shall
at any time be subject, shall be a sum not
exceeding the amount of capital stock
actually paid in by The stockholders Of i
said corporationR
ARTICLES
poration shall consist of Frank Burg, Vii |
liam Esurg and Max Burg, OF whom said |
Frank Burg shall be President, William, |
Burg shall be Secretary aud Max Burg
Il
this corporation; all of whom shall hold
their respective offices untiIth first an
nuai meeting of this corporation to be
held on the second Tuesday in January,
A. D.; 1902, and until their Successors are
elected and qualified, with power of filling |
vacancies as provided for by law.
ARTICLE 10.
The stock. property. affairs, business
be vested in a board of three {3) directors
all of whom shall be stockhoIders of this
corporation. Said board of directors, after
the one herein named. shall be elected by
and from the stockholders of tI1ecorpora-
ton at the annual meeting of said stock
holders which shall be held at the office |
of said corporation in the City of New
;UJlnl, Brown County,, Minnesota, at
O'Clock F. III. OIL the second Tuesday of
January in each year, commencing with |
the year 1902. Said Board of Directors, ex-si
4cept the one herein PANIED, shall be elect
ed for a term of one year, and its members
shall hold office as such directors until
Provided however, that the stockholders
of the said corporation may az any annual
meeting thereof, increase the number Of |
the Board of Directors to not TO exceed five |
ARTICI.El1
AL the first meeting Of said Board of Di-
rectors. after such annual election or at |
any ad journed meeting thereof, id new |
sIy elected Board of Directors shall organ |
lie by the election from their own number
of a President Y ice r President, Secretary
and Treasurer, who shall hold their re-
spective Office for the term of one year and I
until their successors are elected and
qualified. AT all meetings OF said Board /
of Directors. ajOrity thereof shall con-
business. but less number may adjournl
from time to time The offices of Score
tary and Treasurer may be held by one /
tors Of this corporation shall have the |
pOwertOe establish bylaws, rules and reG-l
u1attons torthc governnenta and manage
ment Of the fairs of this corporation. |
create and deniQnatNs0 mana ger and Utlparf