New Ulm review. (New Ulm, Brown County, Minn.) 1892-1961, 1907-11-06

The undersigned, desiring to form body
1905. of Minnesota, do hereby subscribe the fol-
lowing articles OF Incorporation;
The name of this corporation shall be ssMinne--
sofa Flint Rock Company the general nature.
OF lis business shall be the mining, quarrying
crushing and marketing OF any kind OF stone ore.
Or other mineral substances, and the manufae--
turlng or IN any other manner utilizing any of
said articles or minerals and generally the do
Ing OF all acts necessary for the carrying on O
such business including the buying and selling
or leasing OF real estate; its principal place Of
business shall be at the city of New Ulmss Brown.
County, Minnesota.
This corporation shall commence on Noyem-
Der 18th. 1907, and continue for period of
thirty years thereafter.
The persons forming this corporation are r
W; scherer, A1Wine c. Scherer and B. Stockman
Hanft and Hugo Q. Hanft, residing at the city Of
The government of this corporation and The
management of its affairs shall be vested in a
boaro OF i've directors who shall be elected
annually by and from the stockholders of said
corporation at the annual meeting thereof
which shall be held annually hereafter on the
first Saturday after the first day of January Of
each year. such directors shall elect from their
number President, Vice-President Secre-
tary ana Treasurer, who shall be the officers of
said Board and also of said corporation: pro-
vided, that the offices of ecretary and Treasure
may be held by one person at the same time
Treasurer"
stltute the first board of directors and shsll
serve until the first annual meeting. above
proylded for, with power of adopting bylaws;
be the officers OF such board and of such corpor-
alton until the fl st annual meeting:
President Albert Hanft,
vlce-President: Alwine c. Scherer
Secretary Treasurer: R. w. scherer.
The AMOUNT of the capital stock of this cornar-
at on shall be the sum of Fifty Thousand Dollars
issSgIoool, which shall be divided into 5oSshares:
OF the par value of One Hundred Dollars 1907
each. Otsuch stock the amount of Twen1y i I've
Thou thousand Dollars (s25ooo) shall be common
W th anu R sna De pald Tor as determined upon
twenty five Thousand Dollars (S25OOOI shall be
preferred stock and shall be paid for in cash at:
sr e 1ime OF ne issuance thereof and shall be
nrs5 lien On the property, premises and plant of
sara corporation. Upon such preferred stock a
n9ed accumulative dividend at the rate Of eight
per cent per annum shall be paid annually ON
January 10th of each year after the wear ions ne
ouch preferred stock shall be redeemed nv
SAID corporation at the expiration of ten wears:
any accumulative unpaid dividends: such NC
leIreu stock may also be redeemed bv said,
al ION before the expiration of such ten
dollars dollars per share together with any aceumnis.
tive unpaid dividends by giving the oIn,a,
thereof six months notice of its Intention sn 70
do. = - e'ion 50 To-
The owners of such preferred stock shall, not he
enuIied 10 any vote Tor to paIticipate at ~
s1ocKholoers meetings unless the dividends on
such preferred stock are in default for a ner;ofl
" one year; In case of such default the nyvneIs
anu noiuers OF such preferred stock shall he
entilled 70 the same rights and privileges as 70
'ouhg as the owners OF common stock =
VI.
The highest amount of indebtedness,
t y 70 Wnlch this corporation shall at any one
mne De subject shall be the sum of Twenty
Thousand Dollars 1925, OOO). my ise
In Testimony Whereof the said nart;o. 49,
hereunto set their hands and seais th;s DEL
otOctober a. ID. 1907 'A's o'ii uaJ
| signed, sealed and delivered
| IN the presence of:
| Albert Pfaender, r w soln -
'aonuei' AlWlhe c. Scherer (Seal)
| y Stockman Seal
! Albert Hanft (Sea)
Hugo 0. Hauft tseall
State of Minnesota
| County of Brown. IS
On this 26'h day of October. A. u 1aD- bafa~a-
me. Notary Public within and for said en,,n,,,
personally appeared r. W. Scherer. Alxvina
2 Miea q. Stockman, Albert Hanft and Hnpo
nanlt, 10 me known to be the persons descr;hea
| III ana who executed the foregoing instrument
| ana acknowledged that they executed the sn1ns
( as their free act and deed 'he same.
| tNotarial Seal) Albert p,aanda
| Notary Public, Brown County. MINI
wy commission expires May Is. 1918