New Ulm review. (New Ulm, Brown County, Minn.) 1892-1961, 1905-10-04
ARTICLES OF INCORPORATION
Minnesota Seed Company

KNOW ALL MEN BY THESE PRESENTS,
That we, the undersigned. pursuanrt to ana !
thirty-four t3i) of the General Statutes OF
the State of Minnesota. of 1873. and the
acts of the Legislature of said STATE
amendatOry thereof and applicable there
to-, do hereby associate ourselves together
as corporation, and for that purpose 40
hereby adopt the following Articles OF
Incorporation:
ARTICLE l.
The name of this corporation shall be
MINNESOTA SEED COMPANY.
The general nature of the business OF
said corporation shall be to grow ana pro,
duce and to buy, sell and exchange ana
deal in ALI kinds of seeds, and Such Otnel
business as shall be necessary ana proper
for the furthefance thereof or lncldental
thereto With power to buy, own. lease,
hire. cultivate and use all such real.piop.
erty as may be necessary or conVenlent
for the carrying out OF its business, a1lu No. u
sell mortgage and convey such real prop,
erty when deemed advisable, and to bulld
all necessary and proper buildings on
such real property.
The principal place of business of said
CORPORATION Shall be at the City OF New
Tim, in Brown County, Minnesota.
ARTICLE II.
Said corporation shall commence on the
first day OF June, 1905, and continue for
period of thirty (30 years
ARTICLE III.
The amount of the capital stock of said S
TOTnDratl0n
lars. TO be divided into five hundred
shares of One Hundred (S1O0.OU Dollars
each. Said capital stock shall De pa 10 IN m
to the treasury of said corporation at Sucn
times and in such manner as the Board
Of Directors shall by resolution determine.
ARTICLE ".
The highest amount of Indebtedness or
liability to which said corporation shall
at any time be subject to shall be the sum
of Twenty Five Thousand $25.OO0.OO) DOL
lars.
ARTICLE V.
The names and places of residence o.
the persons forming said corporation are
as follows: ,,.
Fred Meier, residing at Sleepy Eye, Min
L. Schoch. residing at New Cln, Min
ferdinand Crone, residing at New Clr1l
Minnesota, w.
JACOB Klossner jr., residing at New u1nl
Conrad Il. Dirks, residing at New Uln,
Minnesota.
ARTICLE VI.
The officers of said corporation shall b
a president, vice president, a secretary
a general manager, a treasurer anu
board of five directors. The same perSo
may hold the office Of secretary ana gene
al manager. Such officers shall De elect <
Nv the stockholders of the corporal ton, D
a majority vote of all stock, at each amt
al meeting, and shall hold their respec
i've offices for the term OF one year anu ui
til their successors are electeu ahu q"'''
Until the first annual meeting of sal
CORPORATION the following OnCerS sha
serve and are hereby appointed, VIZ
President, J. l. SchoCh.
Vice President, Ferdinand Crone,
Secretary, Fred Meier.
Treasurer, Jacob Klossner, IT,, No.,
Board of Directors, J. L. School, Ferd
nand Crone, Fred Meier, Jacob klossne
Tr.and Conrad H. Dirks.
The president of said corpora ton sha
also be the president of its board OF dlrec
Ors and shall preside at all 1neetlnSs
the stockhoiders ana OF In1 ,s,1a and Gu
foruary for the presiding officer ana pre-
ident of corporation. , e l,
The vice president shall perform Il
duties of the president in the absence,
the president or when called upon by Il
president so to do. , r.
The secretary shall keep record OF =
meetings of the stockholders ana or II
board of directors; ana Keep suCi! ON
books and perform such otner uu'ie7
the board of directors may require.
The general manager shall have gem
charge of the active business OF the corr
ration; employ and discharge an seIVa a1
and employees; make purchases and sal
of goods and supplies; make contracts
leasing and planting real property; a.
have the general conduCt OF the Dusllle'
b1t shall not buy sell real property
Inv or erect any buildings without {
press authority from the board OF dlrecto
All contracts and conyeyancfis a aI ne a.
cIted for the corporation by its preside
md secretary, after being authorized
the board of directors so to do.
The further duties and powers OF
General manager shall be such as
6oard of directors may from time to II
determine by resolution adopted ana
tered upon the minutes OF their neetin
and not in conflict with these art1cl
The general manager may be requlIeo
The board of directors to give sIthcl
bond to be approved by them tor the tai
mi discharge of his duties.
The treasurer shall receive ana nave
custody of the funds of the corporation {
Keen accurate account thereof ana rem
ren6rt thereof when called TOR by
directors. And pay out such tl1nds u1l
such rules and in such manner as ma
nrescribed by the board of directors:
Shall give to the corporation Dond Tor
faithti1l discharge of his duties IN S
SIM as said board may Tx ana Win 8
ties approved by the board.
The board of directors shall nave Se
al Supervision of said corporation an
IFS business. They shall, by reSolu1
entered upon the minutes OF their m
ines, prescribe such rules and regulatl
for conducting the business OF the co
ration as they deem advisable,
inconsistant with these artlctes.
nresCribe like rules and 1egulat1ons
the powers and duties of the officers OF
CORPORATION. Three members OF the Do