New Ulm review. (New Ulm, Brown County, Minn.) 1892-1961, 1907-09-04
LEGAL ADVERTISEMENTS.
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 ].
The name of the corporation hereby formed
and org anlzed shall be the Pioneer Drug Com
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 and to perform and trans
act any and all other business incident or need
ful and proper for the successful prosecution and
operation thereof.
And for the purpose of como aeting 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-
venient therefor.
ness of said corporation shall be at New Ulm,
Brown Co., Mimi.
ARTICLE II.
The time of the commencement of this corpor-
alton shall be the 1st day OF October 1907 and
Shall continue for a 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
ton shall be Twenty Thousand Dollars, divided
into 200 shares of One Hundred Dollars each.
All OF said stock must be subscribed for at the
time OF the commencement OF this corporation
ana at least fifty per cent of the par value of
each 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.
ARTICLEV.
The highest amount of Indebtedness or liabili-
ty to winch said ,rporation shall at any time
be subject to shall be Seven Thousand Five
Hundred (s7,500.00) Dollars.
ARTICLE V.
The names and places of residence of the per-
sons forming this corporation are: Andrew j.
Eckstein, George Marti, w. G. Alvin and Joseph
Bobleter, all residing in the City of New Ulm
County of Brown and State Of Minnesota
ARTICLE VI,
The government of this corporation and the,i
management OF its affairs shall be vested in az
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 frst Monday in July of each year at
= O'Clock p. m. at the Office of the Secretary of
9do said corporation 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
are elected and have qualified.
Andrew J. Eckstein, George Marti, w. G. Al
win and Joseph Bobleter shall constitute the first
Board OF directors and shall continue in office
until the first annual meeting of the stockholders.
Any vacancies in the Board of Directors or of
hcers caused by death, resignation or otherwise,
may be hlled Tor the unexplred term by ma
]orlty vote OF the remaining directors.
The Board OF Directors at their first 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 NAV
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
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 of stock represented at any stock
holders meeting shall constitute quorum for
the transacting of business.
IN WITNESS WHEREOF we have hereunto set
our hands and seals this 23d day of August. A
d. 1907.
ANDREW ]. ECKsTEIN (SeaIA
GEORGE MARTI (SeaD
w. G. ALVIN Seal
JOSEPH BoBLETER (Sealh