New Ulm review. (New Ulm, Brown County, Minn.) 1892-1961, 1905-09-13

KNOW ALI. MEN BY THESE PRESENTS,
That we. the undersi gned, pursuant to and
thirty-four go of the General Statutes of
the State of Minnesota, of 1878, and the
acts of the Legis ature of said State,
amend atOry thereof and applicable there
tn. do hereby associate ourselves together
as a corporation. and for that purpose do
hereby ADOPT the following Articles of
Incorporation:
ARTICLE 1.
The name of this corporation shall be
MINNESOTA SEED COMPANY.
The general nature of the business of
said corporation shall be to grow and pro-
duce and to buy, sell and exchange and
deal in all kinds of seeds, and such other
business as shall be necessary and proper
for the furtheranCe thereof or incidental.
thereto. With power to buy, own. lease,
hire, cultivate and use all such real prop
erty as may be necessary or convenient
for the carrying out of its business, and to
sell. mortgage and convey such real prop,
erty when deemed advisable, and to build
all necessary and proper buildings on
such real property.
The principal place of business of said
corpora ton shall be at the City of New
Ulrn, in Brown County, Minnesota.
ARTICLE II.
Said corporation shall commence on the
first day OF June, 1905, and continue for
period of thirty 500 years.
ARTICLE III.
The amount of the capital stock of said
corporation shall be Fifty Thousand Dol
lars. TO be divided into five hundred
shares of One Hundred lSl0OOO Dollars
each. Said capital stock shall be paid in
to the treasury of said corporation at such
times and ia such manner as the Board
of Directors shall by resolution determine.
ARTICLE ".
The highest amount of Indebtedness or
liability to which said corpora ton shall
at any time be subject to shall be the sum
of Twenty-Five Thousand C$25.0O0OO) Dol
lars.
ARTICLE V.
The names and places of residence OF
the persons forming said corporation are
as follows:
Fred Meier, residing at Sleepy Eye, Min,
neSOta.
J. L. Schoch, residing at New Tim, Min
neSOta
Ferdinand Crone, residing al New Tim
Minnesota,
Jacob kIossner, IT., residing at New U1n1
Conrad II. Dirks, residing at New Ulrn
Minnesota
ARTICLE NJ.
The officers of said corporation shall be
a president, a vice president, secretary
general manager, treasurer and {
board of five directors. The same person
may hold the office of secretary and gener
al manager. Such officers shall be elected
by the stockholders of the corporation, by
a majority vote of all stock, at each ann1
al Injecting, and shall hold their respect
i've offices for the term of one year and ur
til their successors are elected and quail
fed.
Until the first annual meeting of sait
corporation the following officers shall
serve and are hereby appointed, viz
President, J. l. SChOCh-
Vice President, Ferdinand CrOne,
Secretary, Fred Meier.
Treasurer, Jacob kossner, r., ;,
Board of Directors, J. l. School; Ferdi
nand Crone, Fred Meier, Jacob klossnel
Jr. and Conrad H. Dirks.
The president of said corporation shal
also be the president OF it's board OF dlrec1
hlI 1NrnQi6a meetings c
the stockholders and OF the directors am
perform such duties as are usual ana Gus
ident of a corporation. ,
The vice president shall perform tn
duties of the president in the absence {
the president or when called upon by tn
president so to do.
The secretary shall keep record OF a
meetings of the stockholders and of tn
board of directors; and keep SuCh othe
books and perform such other duties a
the board of directors may require.
The general manager shall nave gene
ration; employ and discharge all servant
and employees; make purchases and sale
of goods and supplies; make contracts tC
leasing and planting real property; an
have the general conduct of the bushes
but shall not buy or sci! real property
buy or erect any buildings without e.
press authority from the board of director
All contracts and COnVeyanceS afeCt1n
real property, except leases, shall be eX
cuted for the corporation by its preside1
and secretary, after being authorized 1
the board of directors so to do.
The further duties and powers OF tn
general manager shall be such as III
board of directors may from time to tin
determine by resolution adopted and G.
tered upon the minutes of their meetIn G
and not in conflict with these ARTICLE
The general manager may be required e
the board of directors to give suhciel
bond to be approved by them tor the TAFT
full discharge of his duties. ,
The treasurer shall receive nd have tt
custody of the funds of the corporation ar
keep accurate account thereof and rend'
report thereof when called for by tt
directors. And pay out such funds undo
such rules and in such manner as may
prescribed by the board of directors. Ar
Shall give to the corporation bond tor tt
faithful discharge of his duties IN sue
sum as said board may fix and with sur
ties approved by the board.
The board of directors shall have gene
al supervision of said corporation and
its business. They shall, by resolutlt
entered upon the minutes of their NEE
ings, prescribe such rules and regulation
for conducting the business of the corp
ration as they deem advisable, n
Inconsistent with these articles. AT
prescribe like rules and regulations as
the powers and duties of the officers of Il
corporation. Three members of the boa