Mower County transcript., 1908-12-30


Of slRdEzfF aklSca1dshEE'ss caNT1fE to.
WE NpERs1GNED ,siaa g
hereby associat te ,rselyes, together
for the purpose Of forming co-ops
eratfve assocfat ton under and purz
suant to the laws 81 the tate 81
Minnesota and for that purpose do
hereby adopt the following Articles
Of Incorp poration: s..
ARTICLE d /. 60 =.Y..
Sec. l.. The name OF this corpo-
ration shall be The Sargent Mer-.
camille Company. ..s y5:ssss: 8
s@s Sec. This corporation is formed
for the purpose of fSenga ging In: and
CARRYING on a general mercantile
business and the business Of buying,
selling and 8 dealing in grain, live
stock and agricultural products at
Sergeant, Mower county, Minnesota,
which shall be the.prin cipal place or
transaeting the business sof this cor
poration. -. {. .,s.
~ z....' q ARTICLE II. eng: .ss.. -
The time of the commencement Of
this corporation shall; be January Is, +
1903, and the period of its, continu-
ance shall be twenty years. A.
i. ARTICLE I Ill. .sg ]. .s:s:s +.
The. amount of the capital stock
of this corporation shall be Fifteen
thousand (15;000) Dollars divided
into three hundred (3OO) shares of
Fifty 500 Dollars each, which shall
be paid in at such times and in such
amounts as the Board of Directors
shall determine and direct, but no
person shall own shares Of greater
par value than One Thousand
G,000) Dollars Of BE entitled to
more than one vote at any stock
holders meeting, and no; person
corporation except by consent of the
- ARTICLE ~. = - a..
The highest amount of indebted
!, ness or liability to. which this corpo-
ration shall be at any time subject
shall be seventy-five (75) per cent
| of it's capitalization. -. - -
-. ARTICLE. V. =:
The names and places of residence
OF the persons forming this copora-
tion are: =,
Lewis Larson, residing at Sergeant
Mower county, Mimi =" =.
O.. A. Schwartz, residing at Sar-
geant, Mower county, Minn. :
! VIM. 1Heydt, residing at Sergeant,
Mimi
Jacob Petry, residing at Sergeant,
MINI. ''
1 "T
geant, MINI.
Alfred G: Anderson, residing at
| Sergeant. MINI. -
! Geo. T. Siegel, residing at Sar-
geant, MINI.
ARTICLE vi.
The government of this corpora<
! tion and management of it's affairs
| shall be vested in a board of seven
| directors, all of whom shall be
! elected by and from the stockholders
| at the annual meeting thereof to be
! held as herein provided. If for any
reason the Directors are not elected
at the annual meeting they may be
! so elected at any special meeting
called for that purpose. Such Direc-
! tors at their first meeting after the
annual stockholders meeting shall
! elect a President, a Vice President,
a Secretary, a Treasurer, and a Man
F: ager. -.
j The annual meeting of the stock
holders of this corporation shall be
held at the Office Of said Corporation,
Sergeant, Mower county, Minnesota,
on the Third Tuesday of January of
! each year at 10 O'Clock A. M. -:
Special meetings shall be called
as provided by the Bylaws The
Directors shall hold their meeting for
! the election of officers Immediately
after the stockholders meeting at
! the Office of said Corporation. The
term of Office of all officers and. direc-
I tors shall, be for one year and until
their successors are elected. and
QUALIFIED. ..,.:.2*:.. ..
Until the first annual , meeting
Lewis Larson, O. A Schwartz, VIM.
Heydt, W., NJ, Phillips, Jacob .Petry,
A. c. Anderson and Geo.. T: Siegel
shall be the directors of this, corpor-
/ alton, who shall elect the officers. of
said corporation at. their first meet
| ing. .,~..sI:ss >.-;.., ...9s z--...::s -.
IN TESTIMONY. WHEREOF, We
have hereunto set our hands and
seals this 18th day of December,
1908. ., -
o. A. SCHWARTZ (SEAL)
| JACOB PETRY, &(SEAL)
] w. M. PHILLIPS, = (SEAL)
/, LEWIS LARSON, (SEAL)
VIM. HEYDT, ss- (SEAL)
ALFRED G. ANDERSON, (SEAL)
GEO. T. SIEGEL, (SEAL)
STATE OF MINNESOTA,
J, County of Mower-ss u
On this 10Th day ofxDecember, AD.
1908, before me a Notary Public in
and for said County personally ap-
] peared 0. A.. Schwartz, Lewis Larson,
VIM. Heydt: Geo. T.. Siegel,sA. G.. An
derson, w. NJ. Phillips, Jacob Petry,
to me known to be the persons de-
scribed in and who executed the fore
going Articles of Incorporation and
each acknowledge that he executed
| the same as his free act and deed.
FRED w. SMOCK,
| Notary Public, Mower County,
| Mimi. My: commission expires
L