The Minneapolis journal., 1902-08-30
ARTICLES OF INCORPORATION OF THE
MONITOR DRILL COMPANY

ARTICLES OF INCORPORATION OF THE
MONITOR DRILL COMPANY. /
THIS is TO CERTIFY. That the undersigned |
do hereby associate themselves into corpora.
tion under and by virtue of tpe General Laws Of
turing corpora tons, and to that end do hereby
respectively adopt and subscribe the following |
First--The name of the corporation shall be
"Monitot Drill Company
Setond-The general nature Of its bsfness shall
property and good VIII of the Sonitor Manufac;;
turing company. the manufacturing OF drills and
and thereo and
keting of the same and of the doinss Of all
things incidental, essential necessary usual and
customary to such manufacturing corporations
Ihird-1ts principal place of business shall os S
Minnesota.
Fourth-The time of the commencement Of this
corporation shall be the second day OF Septem-
ss ssa be n hy2 saa the period OF 'S
corporation shall be One Million Dollars Isl 900:
DO0) which shall be divided into Ten Thousand
qg;ooo) shares of the par value Of One IL HUNDRED
2 800 Shares shall he Preferred Stock
1000 Shares shall be Special Stock.
$500 Shares shall be Common Stock
the ss ssth sSh d1 @ ss Pa Of IN ths e o
mon Stock shall be paid by transfer of property
salas he Of osa aa the
treasury and shall be issued and payable as the
Board Of Directors may determine.
SiXth--The highest amount OF ideotsdness or
liability t. which the corporation shall at any
time be subject shall be Three Hundred Thousand
R,ss,s,es ,es ;s Essssass ;ssSs
poration are as follows to.wit
VIM. Laidlaw, Toronto, Ont.
VIM. Stevenson. Dundas, Ont.
8. E Davis. Minneapolis, Minn.
r 6s7s MnnsaPois Minn nn
phos9 y. Keenan,. MINNEAPOLIS, Mtnn.
]. H. Berry, Minneapolis, MINI.
A. ]. Rich, Minneapolis. MINI.
r. G: freeman, st. Louis Park, MINI.
6: L, w. Butterheid' pasiii aFSH; MOSCOW, S /.
E. r. Beeman, Minneapolis, MINI.
Perry Harrison, Minneapolis, Mnn;
gFs af, IF @ shs es
In q Board OF Seven Directors. which Board
Of Directors shall be elected annually by the
fepfsd os by the
holders and five by the Common Stockholders,
The names of the first Board OF Directors are
Perry Harrison, to represent the Preferred
VIM. Laidlaw to represent the Special Stock.
S. z: Davis a. J. Rich, J. Fl. Perry. F. G.
Freeman and E.. R. Beeman TO represent the
oa Rs enfsF h
dividend at the rate Of but never to exceed
six per cent per cent? per snnsI on Ia+ls the
ment me in whole or in part, at par. on any diyi-
dend day 'on after ten years from the time
fa 8oara sns of prectors shall from tine to time
terminc. The Special stock shall confer the
dividend at the rate Of but never to exceed six
cent Is per cent per unaS to on
saipe ne p bocbs Of the value Of One Thousand
Dollars (s1o0O) or more on any DIVIDEND gay,
as the Board Of Directors shall from time to time
After said dividends. have been so declared
and paid upon the Preferred and Special stock.
and until said preferred and special stock mas
the extent Of six per cent (8 per cent? per an
be- aeearea M ana als paid Of ts
and the net profits in excess OF sald amount
used From RntG time to time oi re-
firing said Preferred and. or. Speciaa STOCK. l
6eee reeF retired s the annual net profits Of tie
poration may be disposed OF as the board OF
Directors shall see ft ,,.,so., -. a,sso.
Of sSo e aped
~ the Preferred stockholders the par value OF
their stock and accrued dividends II any ~,
o. To repay to the speclaa noeG dv; ,,
par value OF thelr stocA uuu "eo''o0 N
osha5 Ge5 After such payment in full to the hold I'D
snrnlus assets and funds shall belong to and
be divided among the holders OF the common
stock. -. so..r,. IN ,ovr,er,
est and n1 SPECIAL sSsa stos
shall ever happen), the board of directors shal
then be elected. five by the preferred ant
special and ina they shall
40 elected until all cumulative dividends have
BEN IN sVTrTS WITSEss WHnEDoF; We 5S. nsye here
INTO set our hands and seals, the 2sth day OF
August, A. D. 1902
Signed, Sealed and Delivered
in the presence or:
James W. Balm. VIM. Laidlaw (seal.)
James ". Balm. }Wm. Stephenson (seal.)
IS. E. Davis (seal.)
- Alice NJ. Davis (seal)
E. R. Beeman. Phosa D. Beeman lseal.)
Louis W. Fuller !; L. i J. Rssiy RieS tsss!j 9ssai'
): 5: (: (: EsssRSn EssssS tsssi'5 s5siir'55'
Fannie e Fl HsTheF NJ Davies Jew. Davis tseal.,
R. S. Butterheld. r. ,,,4..~a.,, ts..,>-
Fred Veatch. W. - N '''"A'
Louis W. Fuller. p.oroo, tsso,, i
J. J. Anderson. '1' A' ~ >''
W. H. McCollom r,oono s+eve,s fsoa,,
and 1ss+o SS.y S'e'eS "A''
G.. R. McCollom. irostee'
Bernice v. FELTON,. Perry Harrison (seaJ !
STATE OF MINNESOTA. '.- ,-~
Ss dg Of p 1aea
notary public in and for the county Of ItennePil
state Of Minnesota, s. e. Davis Adelbert Ca
penter, Alice NJ. Davis. Phosa j. Beeman, D. +
Perry, A J. Rich. II. G.. Freeman: g. v
Davis, d. K. Yorgey, e. r. Beeman, VIM. Lait
y law, Wm Stephenson Perry Harrison and El
gene NJ. Stevens each Of whom are to NE know
to be the persons who executed the soregein
articles Of association and they each SEVERAL
acknowledged to me that they executed sam
as their own free acts and deeds and for tn
uses and purposes therein set forth.
&C. s.ssssa=-a5 LOUIS w.-FULLER,
Notary Public, Henneptn County, Minnesota.
Notary Seal, Heunepin County,
STATE OF IDAHO,
County of Latah-ss- - -zs s7s - ~
On this 4th day of August, 1902 before me,
notary public In and for the county of Latal
state of idaho. personally appeared c. i. Butte
field. to me known to be the same person wi wi
and who acknowledged to me that he execute
the saue as his free@nct and for the
purposes therein set forth. -,
FRED VEATCH,
Notary Public Latah County, Idaho.