Willmar tribune., 1906-05-16
X 81 lnoo n oRA1Io. o. rnE
81 ,llLLMAR STRAW BOARD MANU-
p FEATURING COMPANY. +

IAIRTIokE5 III or lnoo RpoRATlo. of rhE
So .as= ,llLLlaAR STRAW BOARD MANU-
FEATURING COMPANY.
i Know ALI, MEN BY THESE PRESENTS, that
we, the undersigned, hereby associate our
selves together for the purpose of forming a
manufacturing corporation under Chapter
SO eo Of the Revised Laws Lay &c Of M Minnesota me & of
ing articles of incorporation:
The name ofthis corporation shall be "The
Willmar Straw Board Manufacturing Com
pany." -
This corporation is organized solely for
manufacturing purposes. The general ma
ture of its business shall be the manufacture
of straw board and other like products, to
marks pertaining to such articles as by it
m manufactured to sell and market said
m manufactured articles and to do and per-
form any and all other acts and things neces-
sary for or incident to the carrying on of the
said manufacturing business.
III.
The principal place of transacting the busi-
ness of said corporation and its head Office
shall be in the City of Wi1mar, County of
Kandiyohi and State of Minnesota
The time Of the commencement of the said
corporation shall be the 18th day of May A.
! D. 1906, and it shall continue to exist for
thirty years thereafter.
V.
The amount of the capital stock of said
corporation shall be three hundred thousand
! ($3OO.OUO) dollars. which shall be divided
| into fifteen thousand q 5,OOO shares of pre-
ferred stock at ten ($1O.OO) dollars per share
and fifteen thousand as ,OOO) shares of COM
| mon stock at ten ($1O.Oo) dollars per share.
paid in as the board of directors shall from
time to time determine and direct. Both
! common and preferred stock shall be non
| assessable. The said preferred stock shall
entitle the owner or holder thereof to receive
| out of the net earnings yearly non-cumula-
| tive dividend of not exceeding seven per cent,
be set apart or paid on the common stock.
| Common stock and preferred stock shall
| share equally in any dividends declared after
seven per cent shall have been declared and
The highest amount of Indebtedness or liza
| bility to which the said corporation shall at
| any time be subject shall>be the sum of one
| hundred and fifty thousand ($15O, 100000
dollars.
The names and places of residence of the
persons forming m Il this corporation are Pieter
karwand, Victor E: Lawson and A. H. Sper-
ry, all of the City of Wilma county of Kan
diyohi and State Stat; of Minnesota, and A. J..
Prins OF the Village OF Clara City, county Of
The government of the said corporation
and the m anagement of it's affairs shall be
shall have the power to make all bylaws
and all needful rules and regulations for the
government of the said corporation and for
the conducting of its business and who shall
be elected by the stockholders at their annual
meeting which shall be held at the principal
office of the said corporation on the first
ginning with the year A. D. 1907, and shall
hold office for the term of one year, or until
their successors are elected and have quail
fed The officers of the said corporation
shall be, a president, first vice president,
second vice president secretary and a
treasurer The said officers shall be elected
! by the board OF directors at the first regular
meeting of the said board after the annual
| organization thereof from among their own
number The said board Of directors shall
have the power to create and fill such other
offices as they shall deem necessary and
proper tor the purposes and the carrying on
OF OF the p business Of Of the said corporation. The
| said officers shall hold office for one year or
until their successors are elected and quail
ned Any vacancy occurring in said board
corporation may be filled by the board of
directors or the remaining members thereof
In electing. officers or directors, the candi-
shall be declared red ] elected ei Each and ID every sr
holder of either the preferred or common
stock of said corporation Shall be entitled,
one vote for each and every share Of stock
; which he holds owns. The first board of
| directors snail be P1eter PrlnS, E. G. Welln,
Erick Holt, Gudmund P. Karwand A. H.
Sperry, Victor E. Lawson and A. 7. Prins of
whom E. G: Wellin shall be president, Pieter
Prins shall be first vice president, Erick Holt
! shall be second vice presdvnt, Victor g.
| Lawson shall be secretary and A. J. Prins
| shall be treasurer, and they shall hold Office
| until the first annual meeting of the stock
| holders until their successors are elected
and have qualified.
| IN WITNESS WHEREOF, the undersigned
have hereunto set their hands and seals this
2nd day of May, A. D. 1906.
PETER PRINS, (Sea1.)
VICTOR E. LAWSON, (Seal.)
A. H. SPERRY, (Sealj
| A. ]. PRINS, (Sea1)
| E. G. WELLIN, (Seal)
| ERICk HOLT (Seal)
G. P. KARWAND, (Seal.)
Signed, sealed and delivered in presence of
| r. w. STANFORD,
! r. G. BARTON.
STATE OF M1NNEsoTA,)
County of X andiyoh
Be it known that on this end day Of Nav,
A. D. 1906, before me, a notary public in and
| for Hennepin county said state personally
| appeared Pieter Prins, e. G. Wel1in, Erick
| Holt, Gudmund p. karwand, Victor E. Law
| son, A. H: Sperry and A. J. Prins to me
| known to be the persons who executed the
! foregoing Articles of Incorporation and each
| OF them acknowledged that he executed the
same as his free act and deed.
! RALPH w. STANFORD,
| Notary Public
| Hennepn County Mimi
Ny commission expires November 26,
|[NorARIAL SEAL.]