The Minneapolis journal., 1902-08-29
ARTICLES OF INCORPORATION OF THE
MONITOR DRILL COMPANY.

THIS Is TO CERTIFY That the undersigned
90 Co. ass associate M % Ives into a.
the State Of Minnesota pertaining to manufac-
n aad to s e dS
Articles of Incorpora ton:
First-The name Of the corporation shall be
monitor Drill Company
Second-The general nature o bsiness
be the acquiring and succeeding to the business
property and good VIII Of the Monitor Malufac,,
turing company, the manufacturing Of drills and
seeding machines and other agricultural imple-
ments and parts thereof. and the sale and mar,
as the Sa@e npa OF tee o and a
Ihird-Its principal place of business shall be
at st. Louis Park Hennepin county State of
Minnesota.
Fourth-The time of the commencement of this
Bar a. B. 1862, ana the pssfod ies
Fifth-The amount of the capital stock of the
corporation shall be One Million Dollars Isl, ,OOO,
ss Of fs se par Tahe Of n
Dollars oO0) each, which shares will be d.
$500 Shares shall be Preferred Stock.
100 Shares shall Be Special stosk; esl:,.
stSsa Rssa n ssss
to the corporation, and the remaining 5000
shares Of Common Stock shall be held In the
treasury and shall be issued and payable as the
sixth-The highest amount Of idebtedness or
liability to which the corporation shall at any
AAAo''1N>,~
Seventh The. names and places of residence .
VIM. Laidlaw, Toronto, Ont.
s. F. Davis, Minneapolis, MINI.
Adelbert Carpenter, Minneapolis. Minn.
fhcsa h D. Peels Besman Minn.
]. H. Berry, Minneapolis, Minn.
A. J. Rich, Minneapolis, Minn.
D. K. Yorgey, st. Louis Park, Minn.
H. G. Freeman st. Louis Park, Minn.
G. G. L. W.: Butterdeld, uasas Nc; Moscow, ,o1 /.
E. r. Beeman. Minneapolis. Mimi
Perry Harrison; Minneapolis, Mimi ,,,,,s
IEighth--The government of this corporation
and management of its affairs shall be vested
of blrestofs St rs; ssssoss SaSn p1s
ssrred Stockholders, one by the Special Stock
holders and five by the Common Stockholders
The names of the first Board OF Directors are
Perry Harrison, to represent the Preferred
VIM. Laidiaw to represent the Special Stock
s. E. Davis, A. ]. Rich, J. H. Perry. H. G.
Freeman and d.. Il. Beemah 10 represent 'ne
Common Stockholders.
Ninth-The Preferred stock shall confer the the
right to a first preferential cumulative quarterly
dividend at the rate of but never to exceed
six per cent e. per cent? per annum on a+,ra tne
par value thereof and shall be subject to re5Ef dlT
dend day on after ten years from the tine IN e
of the Of this corposatlo III t as ine de
termine. The Special stock shall confer the
right to second preferential cumulative annual "
dividend at the rate of but never to exceed SIX
per cent Is per cent? per annum on the par
value thereof, and shall be subject to retiremen.
no,Rfsrs M 1s1 OOoI or more on any dividend day,
as the Board Of Directors shall from tlne 10 'iine
After said dividends have been so declared re!
and paid upon the Preferred and Special stock,
and until said preferred and special stock mas as
the s extent Of six per cent e cent? per an
the par value Of the GvGemda tbeSeon
nlay nnd the the net profits in excess of said amount
shall be placed to surplus account anu may "a re oe
tSan tirng lre said Preferred Special Stock
After all the Preferred and Special STOCK ma mas
the net IT pqehtSb m the OF Board Of
directors shall see fit . ,,.,so+,o, or d,sso.
Tenth-In the event of liquldatlon so+ OF aIS
luton of the corporation the surplus @ an9
funds thereof shall be applied ta1 10 o,e repaS o{
to the Preferred stockholders the par r, value oi
tner s'G Tn renay to the special stockholders the
par value OF their stock and accrued d1vi-
ueie fc1 After such payment In full to the hold E
srs of the preferred and special STOCK, tAss
M1rplus assets and funds shall 6eions n to ,anu
be BED divided among the h0i0efS 0l 'A' ''l
'gSe EIeventh-1n the event of default in payment
Sor 'pS two consecutive years az any such default
shall ever happen), the board of directors sna ad
theD electeO -
sneciaI stockholders and two l2) by the com
mon stockholders, and they shall continue to be
on so elected until all cumulative dividends have
pen eaTrfS W1TSEss Ss WHHREoF We 5s. haSe M here
rnto set our hands and seals, the 2sth day OF
August A. D. 1902.
Signed, Sealed and Delivered
In the presence Of: -..
s.nos w Rain. }wm Laidlaw (Seal)
lanes w. Balm. Swm. Stephenson (seal.)
IS. E. Davis (seal.)
Adelbert Carpenter (Seal.)
Alice NJ Davis (Seal.)
r. r. Beenan Phosa D. Beeman (Seal.)
Louis W. Fuller. J. Fl. Perry (Seal. J.
- A. J. Rich (Seal.) -.
II. G. Freeman (Sealo@
ID. K. Yorgey (Seal) Il
n. r. Turner. ! ~ II, r, te,,> Fl. =
Fannie M. Davies o' =" DaFie ,NenA''7
r. s. >Butterfeld = , ,.4e,a ts,>
Fred Veatch. w. H. "u''eineiu ''eaP
Louis W. Fuller. p,,o, fs,,,>
J. J. Anderson. l. e. ~. oeoihaA NSe"i''
W. u, "a "oooAAon Eugene Stevens (Seal.)
@. R. hcCollom. 1rustee.r ~ =.
por,,oa " Fa1+on Perry Harrison iSeal.1