New Ulm review. (New Ulm, Brown County, Minn.) 1892-1961, 1905-09-27
ARTICLES OF INCORPORATION
Minnesota Seed Company

KNOW ALL MEN BY THESE PRESENTS,
in t Conformity With Title two e. Of Chapter
thirty-four (34) of the General Statutes of
the State of Minnesota, of 1878 and the
acts of the Legislature of said state,
amendatOry thereof and applicable there
To, do hereby associate ourselves together
as a corporation. and for that purpose do
hereby ADOPT the following Articles of
Incorporation:
ARTICLE I.
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 ana
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, ana 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
COrpOratiOn 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 tor
period of thirty (3O) years.
ARTICLE III.
The amount of the capital stock of said
corporation shall be Fifty Thousand Dol,
shares of One Hundred $4,000 Dollars
each. Said capital stock shall be paid in
to the treasury of said corporation at such
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,OOo0O) DOL
lars.
ARTICLE V.
The names and places of residence OF
the persons forming said corporation are
Fred Meier, residing at Sleepy Eye, Min
neSOta -
J: /: Schoch, residing at New Ulm' Min
Ferdinand Crone, residing at New Ulm
Minnesota, w.
Conrad II. Dirks, residing at New Ulm
Minnesota.
ARTICLE VI.
The officers of said corporation shall be
PRESIDENT vice president, secretary
board of five directors. The same person
may hold the office of secretary and gerler
al manager Such officers shall be elected
by the stockholders of the corporation, by
a majority vote of all stock, at each annll
al meeting, and shall hold their respect
i've offices for the term of one year and Ii n
til their successors are elected and quail
fed.
corporation the following officers shall
serve and are hereby appointed, viz
President, J. L SchoCh.
vice President, Ferdinand Crone,
Secretary, Fred Meier.
Treasurer, Jacob Klossner, Jr.,
nand Crone, Fred Meier, Jacob klossnel
IT, and Conrad H. Dirks.
The president of said corporation shal
also be the president of it's board of direct
Ors, and shall preside at all meetings O
the stockholders and of the directors AM
perform such duties as are Usual ana Gus
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
the board Of directors may require.
The general manager shall have gene
charge of the active business of the coIpt
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 ouslnes
but shall not buy sell real property
b1y or erect any buildings without e.
press authority from the board OF director
All contracts and conveyances aHectln
real property, except leases, shall be eX
C1ted for the corporation by it's preslde1
and secretary, after being authorized
the board of directors so to do.
The further duties and powers or tt
general manager shall be such as tt
board of directors may from time to tin
determine by resolution adopted and G
tered upon the minutes OF their meet!ng
and not in conflict with these art1cle
The general manager may be required
the board of directors to give suhcle
bond to be approved by them for the TAFT
full discharge of his duties. -,
The treasurer shall receive and nave Il
custody of the funds of the corporation al
keep accurate account thereof and reno
report thereof when called Tor by Il
directors. And pay out such funds und
such rules and in such manner as may
prescribed by the board of directors: Al
Shall give to the corporation bond tor t.
faithful discharge of his duties in SUI
sam as said board may fix and with su
ties approved by the board
The board of directors shall have gen
al supervision of said corporation and
its business. They shall, by resoluti
entered upon the minutes of their me
iups prescribe such rules and regulatlo
for conducting the business of the corr
ration as they deem advisable, n
Inconsistent with these articles. A
prescribe like rules and regulations as
the powers and duties of the officers OF t
corr o alton. Three members OF the boa