New Ulm review. (New Ulm, Brown County, Minn.) 1892-1961, 1915-05-05
CERTIFICATE OF INCOR.
A PORAIT'IO
Of the
ii NEW ULM LAND COMPANY.

ARTICLE l.
The name of this corporation shall be
NEW ULM LAND COMPANY.
ARTICLE II.
The general nature of the business Of
said corporation shall be to purchase OF
otherwise acquire, manage, improve,
lease, sell, exchange, and otherwise deal
in real and personal property Of every
nature and description.
ARTICLE III.
The principal place of business of this
corporation shall be the City of New
Ulm in the County of Brown and State
of Minnesota.
ARTICLE w.
This corporation shall commence on
the 18th day Of May, 1915, and shall
continue for the period of thirty years.
ARTICLE v.
The names and places of residence of
the persons forming this corporation
are as follows: w. C. Miller, Henry N.
Somsen, G. W. Cunningham and w. H.
Dempsey, all of whom reside in New
Ulm, Minnesota.
ARTICLE vi.
The management of this corporation
shall be vested in board of four direc-
tors. The Board of Directors shall be
elected annually by the stockholders at
their regular annual meeting and shall
hold Office until their successors are
elected and qualified. The regular an
nual meeting of the stockholders shall
be held at the principal place of business
of the corporation on the first Monday
after the first day of January in each
year. Immediately after the regular
annual meeting in each year the Board
of Directors shall meet and elect from
their number President, First Vice
President, Second Vice President, and
a Secretary and Treasurer, who shall
hold their respective offices for one year
and until their successors are elected
and qualified. The offices of Secretary
and Treasurer may be held by one and
the same person. The corporation shall
have such other officers as may be pro-
vided for in its bylaws. Any vacancy
in the Board of Directors or in the
officers shall be filed by a vote of the
Board of Directors.
The first Board of Directors shall con-
sist OF the following: w. C. Miller,
Henry N. Somsen, G. w. Cunningham,
and w. H. Dempsey, all of whom shall
hold Office until the first annual meeting
and until their successors are elected and
qualified. The first officers of said
corporation shall be the following:
President, W. c. Miller
First Vice President, G. w. Cunningham
Second Vice President, w. H. Dempsey
Secretary and Treasurer, Henry N. Som
sen,
all of whom shall hold their respective
offices until the first meeting of the Board
of Directors following the first annual
meeting as hereinbefore provided, and
until their successors are elected and
qualified.
ARTICLE VII.
The amount of capital stock of this
corporation shall be One hundred thou
sand Dollars ($100, 100000 divided into
one thousand shares of the par value of
One hundred Dollars ($100.0O) each,
and shall be paid in at such times and
in such manner and in such amounts as
the Board of Directors direct.
ARTICLE VIII.
The highest amount of Indebtedness
or liability to which the corporation
shall at any time be subject shall be the
sum of Five hundred thousand Dollars
$500, 900. OO).
IN TESTIMONY WHEREOF, we
have hereunto set our hands and seals
this 26th day of April, 1915.
w. C. MILLER Seal
HENRY N. SOMSEN Seal
G. w. CUNNINGHAM (Seal)
W. H. DEMPSEY Seal
In Presence of:
Hertha Weddendorf
Albert Chesney