New Ulm review. (New Ulm, Brown County, Minn.) 1892-1961, 1907-10-30
Articles Of Incorporation
OF
MINNESOTA FLINT ROCK co.

The undersigned, desiring to form body
corporate under Chapter IS OF the Revised Laws
1905. of Minnesota. do hereby subscribe the loi-
lowing articles of incorporation;
The name of this corporation shall be Mime
sofa Flint Rock Company the general nature
of its business shall be the mining, quarrylng,
crushing and marketing of any kind OF stone, ore
Or other mineral substances, and the manufac.
turing 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 OF
such business, including the buying and selling
or leasing OF real estate; its principal place of
business shall be at the city of New Ulm, Brown.
County, Minnesota
This corporation shall commence on Novem-
Der 10Th. 1907. and continue for a period of
thirty years thereafter
The persons forming this corporation are f..
~. Scherer, A1wine c. Scherer and b. Stockman,
all residing at said city of New Ulm, and Albert
Hanft and Hugo o. Hanft, residing at the city OF
st. Paul, Minnesota.
The government of this corporation and the
management of its affairs shall be vested In q
board OF five directors, who shall be elected
annually by and from the stockholders OF said
corporation at the annual meeting inere ss,
first Saturday after the first day OF January OF
each year. Such directors shall elect from their
u,
tary and Treasurer, who shall be the officers of
said Board and also of said corporations; pro-
vided, that the offices of Secretary and Treasurer
may be held by one person at the same time,
who shall in such case be styled secretary
Treasurer
Ihe above named incorporates shall con-
stitute the first board of directors and shall
serve until the first annual meeting, above
provided for, with power OF adopting bylaws
and of filling vacancies and the following shall
be the officers OF such board and of such corpor-
alton until the Fl st annual meeting:
President: Albert Hanft,
| Vice-President: Aiwine c. Scherer
| Secretary. Treasurer: r. W. Scherer.
/ The amount of the Capital stock of this corpar
alton shall be the sum of Fifty Thousand Dollars
/ is50,0 00l, which shall be divided into 500 shares
/ of the par value of One Hundred Dollars (S100)
each. Or such stock the amount of twenty-five
Thousand Dollars (S25,000l shall be common
stock and shall be paid for as determined upon
/ by the Board of Directors: the amount of
twenty-five Thousand Dollars fs25O0Ol shall be
preferred stock and shall be paid for in cash at
the time of the issuance thereof and shall be a
first lien On the property, premises and plant OF
said corporation. Upon such preferred stock a
fixed accumulative dividend at the rate of eight
per cent per annum shall be paid annually on
January 18th of each year after the year 1905
Such preferred stock shall be redeemed by
said corporation al the expiration of ten years
from the date its issuance, at par together with
any accumulative unpaid dividends; such pre-
ferred stock may also be redeemed by said
corporation before the expiration of such ten
/ y
Dollars per share together with any accumula-
tive unpaid dividends by giving the owner
thereof six months notice of its intention so to-
do
The owners of such preferred stock shall not be
entitled to any vote Tor to participate at any
| stockholders meetings unless the dividends on.
such preferred stock are in default for period
OF one year; in case of such default the owners:
and holders of such preferred stock shall be
entitled to the same rights and privileges to.
voting as the owners OF common stock.
VI.
/ The highest amount of indebtedness or liabili-
! ty to which this corporation shall at any one
/ time be subject shall be the sum of TWENTY-FIVE
Thousand Dollars 1925, 000).
/ In Testimony Whereof, the said parties have
hereunto set their hands and seals this Goth day
! OF October, A. D. 1907.
/ Signed, sealed and delivered
in the presence of:
/ Albert Pfaender, r. W. Scherer (Seal(
/ M. T. Pfaender, Alwibe C. Scherer (SeaD
| B. Stockman tSeal}
Albert Hanft (Seal)
| Hugo 0. Hauft (>eal)
s cosn ct n ii Rro%n Sss
/ On this Goth day OF October, A. D. 1907. before
me- Notary Public within and for said county,
| personally appeared R. W. Scherer Alwine c..
| Scherer, B. StOckman, Albert Hanft and hugo O.
Hanft. to me known to be the persons described
in and who executed the foregoing instrument,
and acknowledged that they executed the same.
| as their free act and deed.
| iNotarial Seal) Albert Pieepder
| Notary Public Brown County, MINI.
My commission expires May Is, 1913.