Willmar tribune., 1907-08-28
Articles Of Incorporation of the Nelson
Manufacturing COMPANY.

KNOW ALL MEN BY THESE PRES |
ENIS. that we, the undersigned, hereby as !
forming manufacturing corporation nnder
Chapter So of the Revived Laws of Minneso
ia OF e05, and the acts amendatory thereof,
and hereby adopt and sign the following ar
t1cles OF incorporation.
The name of this corporation shall be
nc Nelson M Manufactur1ng Company"
This corporation is organized solely for
manufacturing purposes. The general ma
ture OF it's business shall be the manufacture
OF nay stackers manure leaders, grain ele-
Vators, gasoline engines, automobiles, and
other m mach1nery, to own, hold and use Let
such articles machines as by it are so
manu- utactured, to sell and market said man
u1aetured articles and TODD and perform any
and all other acts and things necessary for
or incident to the carrying on of the said
manufacturing business
Ihe principal place of transacting the bust
ness OF said corporation and it's head office
shall be in the City of Willmar, County of
kandiyohi' State Of Minnesota.
The time of the commencement of the said
corporation shall be the 3Oth day of August
A. ID. 1907 and it shall continue to exist for
thirty years thereafter.
Inc amount OF the capital stock of said
corporation shall be Six Hundred Thousand
!%"oo,,oo.oo1 dollars, which shall be divided
into Thirty Thousand (3O,UOO) shares of
preferred stock at Ten $50 OO) Dollars per
share and Thirty Thousand go O,OOO) shares
OF common STOCK at Ten (Sln,oo) Dollars
per share, and which capital stock shall be
issued and paid in as the board of directors
shall from time to time determine and direct
The said preferred stock shall cnli,le the
owner or holder thereon to receive ont of he
net earnings yearly nOn-c,,nlulatiye d1yi.
dcnd OF not exceeding Six per cent, plvable
annually before any dividend shall be set
apart or paid on the common stock Com
| mon stock shall receive all yearly dividends
after Six per cent shall have been declared
and paid on preferred stock.
vi
The highest amount of Indebtedness or liza
biity to which the said corporation shall at
any time be subject shall be the sum of Two
lluhdleu lnouS;ind (S2oO, ,OOO.OO) Dollars.
me names OF the persons forming this cor
| porat'on are J: Emil Nelson, Nels ii. Nelson,
Andrew Nordloct, Charles B. Carlson and
waiter l)el,allunl, and the place Of residence
of each OF them is the City OF Wimar, Conn
ty OF kandiyohi, state Of Minnesota.
Inc government OF the said corporation
ana the management of It's affairs shall he
vested in hoard Of five directors who shall
nave the power to make all bylaws and all
ncedtul rules and regulations Tor the govern
| ment of the said corporation and the con.
ducting OF its business and who shall he
elected bv the commons st tOckholders at their
annual mcetlns winch shall be held at the
| principal office of the said corporation on
the first Tuesday in Iunc Of each and every
year, beginning with the wear A. ID. 1905
and small hold office for the term ofone year
or until their successors are elected and have
qualified.
The officers of the said corporation shall be
president, vice president, a secretary and
Il treasurer any TWO Of which offices excent
| the Offices of president and vice president
may be filled by one and the same person
ne said officers shall be elected by the board
Oh urIelorS at the hrst regular meeting OF
su'd board after the annual organization
thereof from among their own number and
the S;'lu board OF directors shall have the
| power to create and fill the office of general
manager or such other offices as they shall
deem nee, SSary and proper for the CARRYING
| on OF the business OF the said corporatiun
All CT the said officers shall hold office for
! the term OF one year until their successors
are elected and have qualified. ANY vacancy
| "c' ''rrlnE in said board OF directors or in
any OF the said offices Of the corporation
| nay ma DE 1l!ed oy the board Of directors or
| thc remaining members thereof. In clcctin4
| officcrs or directors, the candidate receivin.
| the highest number OF votes shall be declared
| elected.
| Each and every holder or owner of com
| mon stock Of said corporation shall be en-
| Titled, either in person or by written proxy
! TO cast one vote for each and every share o.
| stock which he holds or owns Holders O.
| preferred stock shall not be entitled to vote
| the same, and no person shall be eligible as a
| dlrector or officer of said corporation unless
ne ne the owner OF common stock thereof.
| SAID corporation shall have power to pur
| chase and to cancel or retire it's preferred
| stock as it may see fit.
| The first board OF directors shall be l. I:ni
| Nelson, Nels II. Nelson, Andrew NOrdloef
Charles Il. Carlson and Walter DeLaIIunt
| OF whom ]. Emil Nelson shall be president
| and treasurer, Charles B. Carlson shall be
| vice president and Andrew Nordloef shall he
| secretary, and they shall hold office until the
| hrst annual meeting of stockholders or unit
their successors are elected and have quail
| fed.
| In Witness Whereof the UNDERSIGNED
| have hereuntO set their hands and seals thi.
| 10th day OF August, A. d., 1907.
| J. EMIL NELSON. (Sea1)
| NELS H. NELSON. (SealD
| ANDREW NORDLOEF. (Seal)
! CHARLES b. CARLSON. tSea1.)
WALTER DELAIiUNT. (Seal)
| Signed, scaled and delivered in the prcs
| cnce of:
| G.. O. SAND.
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