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

KNOW ALL MEN BY THESE PRESENTS,
That the undersigned do hereby assocl-
ate themselves as a corporation under
and by virtue of Chapter Eleven I'D of
the several acts amendatory thereof, and
to that end adopt and sign the following
articles OF interpretations:
ARTICLE 1.
The name of this corporation shall be
the Burg Cigar Company"
ARTICLE 2.
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
name or descriptions; of purchasing tobac-
co and other raw material necessary
therefor; and of selling and disposing of
the product so manufactured.
ARTICLE 3.
The principle place of t1ansacting the
business of said corporation shall be the
City of New U1m in the County of Brown
and State of Minnesota.
ARTICLES.
The time of the commencement of this
corporation shall be the first day of March,
A. p. 1901, and the. continuance thereof
shall be for the period of thirty (30)a years
from andiafter said date.
ARTICLES.
The amount of capital stock of this cor
poration shall be fifty thousand $50 0O0l
dollars, of which amount fifteen thous-
and ($15,000) dollars thereof shall be actl1.
ally paid in at the time of the commence
1nent of this corpora ton, and the rem aim
der of the said stock shall be issued in
such amounts, paid in at such time and
place and in such manner as the Board of
Directors of this corporation may deter
mine.
ARTICLE 6.
The name and places of residence of
the persons forming this corporation are
as follows: Frank Burg, William Burg
and Max Burg all residing in the City Of
STATE of Minnesota.
ARTICLE Z.
The number of shares of the capital
stock of this corporation shall be five hun
dred 900 and the par .s value ne of each share
number of shares owned by each stock.
holder is a S follows: Frank Burg, fifty (5Ol:
William Burg, fifty 600 and Max Burg fiji.
ty (50) shares.
ARTICLES.
The highest amount of indebtedness or
liability to which this corporation shall
at any time be subjec shall be a sum not
exceeding the amount of capital stock
actually paid in by the Stockholders Of
said corporation
ARTICLE9.
The first board of directors of this cor
poration shall consist of Frank Burg, Viii
liam burg and Max Burg, OF whom said
Frank Burg shall be President. William
Burg shall be Secretary and Max Burg
shall be Treasurer of said board and Of
this corporation; all of whom shall hold
nua1 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
and government of this corpora ton shall
be vested in board of three (3) directors,
III
corporation. Said board of directors, after
the one herein named. shall be elected by
and from the stockholders Of the corpora
ton at the annual meeting of said stock
holders which shall be held at the offfc
of said corporation in the City of New
Ulrn, Brown County, Minnesota, at
the year 1902. Said Board of Directors. ex-
cept the one herein named, shall be elect
ed for term of one year, and its members
shall hold office as such directors until
their successors are elected and qualified.
Provided however, that the stockholders
meeting thereof. increase the number of
the Board of Directors TO not to exceed five.
ARTICLE H.
At the first meeting of said Board of Di-
rectors, after such annual election or at
any adjourned meeting thereof, said new
ly elected Board of Directors shall organ
ize by the election from their own number
of President, Vice President, Secretary
ana treasurer, WHO SIa1i nOlu InelT re.
spective office for the term of one year and
until their successors are elected and
qualified. At all meetings OF said Board
of Directors. a majority thereof shall con-
stitute quoronl for the transaction of
business, but less number may adjourn
from time to time. The offices of Secre-
tary and Treasurer may be held by one
and the same person The Board of Direc-
tors of this corporation shall have the
power to establish bylaws, rules and reg
ulations for the government and manage
ment of the affairs of this corporations.
create and designate manager and other
powers and duties of each and every off,
Ger and employee of this corporation.