New Ulm review. (New Ulm, Brown County, Minn.) 1892-1961, 1907-09-11
ARTICLES OF INCORPORATION
PIONEER DRUG COMPANY.

We, the undersigned, for the purpose of be-
coming corporation under the provisions of
Chapter 5S Revised Laws 1905 of the state of
Minnesota and the laws amendatory thereof do
hereby associate ourselves together and adopt
and sign the following articles of Incorporation:
ARTICLE 7.
The name of the corporate On hereby formed
and organized shall be the Pioneer Drug Com
pany and the general nature of its business
shall be the buying, selling or otherwise dispos-
Ing OF drugs, medicines merchandise and sun
dries and the preparing and manufacturing of
drugs and medicines ed and to perform and trans
act any and all other business incident or need
ful and proper tor the successful prosecution and
operation thereof.
And for the purpose of conducting the bust
ness OF this corporation it shall have the power
to acquire, hold and transfer much real proper
ty and personal property as is necessary or con
yenient therefor.
The principal place of transacting the bust
ness OF said corporation shall be at New Ulm,
Brown Co., MINI.
ARTICLE II.
The time of the commencement of this corpor-
ahon shall be the lst day OF October 1907 and
shall continue for period OF thirty years there
after With the right of renewal as provided by
law.
ARTICLE III.
). The amount OF capital stock of this corpora
tlon snail be Twenty Thousand Dollars, divided
into 200 shares of One Hundred Dollars each
All OF SAID stock must be subscribed for at the
e1He VI Cuc COuHeuCement OF tn1S corporation
ana at least fifty per cent of the par value of
eacn share paid IN. Assessments may be levied
by the Board of Directors until the par value of
each share OF STOCK has been paid in.
ARTICLE ".
The highest amount of indebtedness Or liabili-
be subject to shall be Seven Thousand Five
Hundred (S7,5O0.O0) Dollars.
ARTICLE v
The names and places of residence of the per
sons forming this corporation are: Andrew J.
Ecksteln, George MART, W. G. Alvin and joseph
Bobleter, all residing in the City of New Tim.
county OF Brown and State Of Minnesota
ARTICLE VI,
The government of this corporation and the
management OF its affairs shall be vested in a
Board Of four Directors, who shall be elected an
nually from the stockholders of the corporation
at the annual meeting thereof, which Shall be
held On the first Monday in July of each wear at
8 O'Clock p. m. at the Office of the Secretary of
OF do SAID corpo ration commencing with the year
1908. Said Board of Directors shall hire all the
help needed and shall fix the salary to be paid
therefor and shall hold their offices until their
successors are elected and have qualified.
Andrew J. Eckstein, George Marti, w. G, Al
win and Joseph Bobeter shall constitute the first
Board OF Directors and shall continue in office
until the trst annual meeting of the stockholders
Any vacancies in the Board of Directors or Of
hcers caused by death, resignation or otherwise
may be filled TOR the unexplred term by ma
lorlty vote OF the remaining directors.
iue DOdlu VI DlieCUOIS at tl6lr nrSt meeting
after the annual meeting of the STOCKHOLDERS Of
this corporation in each year shall elect from
their own number, President. Vice-President
Secretary and Treasurer who shall hold their
offices until their successors are elected and have
qualified. The last two offices may be held by
the same person. The officers shall perform such
duties and have such rights as the bylaws may
prescribe
Until the first annual meeting of the Board of
Directors the officers Of this corporation shall be
as follows:
President, Andrew J. Eckstein; Vice President
George Marti; Secretary, w. G. Alvin and
Treasurer. Joseph Bobleter. Special meetings
OF the stockholders and Board OF Directors may
be held in such manner as may be provided by
the by laws Of this corporation,
The majority offs stock represented at any stock
holders meeting shall constitute quorum for
the transactng Of business
In WITNESS WHEREOF we have hereunto set
our hands and seals this 2Sd day of August, A.
d. 1907.
ANDREW J. ECKsTEIN (SeaD
GEORGE MARTI (SeaN
w. g. ALVIN (Sean
JOSEPH BOBLETER (SeaD