New Ulm review. (New Ulm, Brown County, Minn.) 1892-1961, 1919-12-10
Articles Of Incor
poration Of the
Peoples Co op-
eratiVe Asso-
citation.

We, the undersigned, for the purpose
of forming cooperative corporation
under and pursuant to the provisions of
Statutes of Minnesota for 1919, and any
amendments thereof, do hereby associate
ours Ives as a body corporate, and do
hereby adopt the following Certificate
of lncorpora ion:
Article |.
The name OF this corporation shall be
the Peoples COOPERATIVE Association
The general nature of it's business shall
cultural, dairy, mercantile, mining, tele-i
phone, manufacturing, or me hanical
business upon the cooperative plan
known as the Rochdale system
The principal place Of transacting the
business of this corporation shall be in
the city Of New Ulm, County Of Brown,
Minnesota.
Article II.
The time for the commencement of
this corporation shall be October Is,
1919, and tho period Of its duration
tshall be thirty years. a
Article III.
The names and places of residence
of the persons forming thi corporation
are Arnold Cordes OF, New Ulm, MINI;
| Walter keckeisen of New Uln, MINI:
HJ. II. Haenze Of New Ulnn, Mimi );
Irwin c. Alvin of New Ulm, MINI;
Geo ]. Hofmeister of New Uln1, Mimi;
| Henry Hogen Of New Ulm, Mimi.
Hubert Nielsen Of New .Uln. MINI !
Article "
ii3a The management Of this corporation
| shall be vested in a Board Of Directors,
,scomposed Of not less than seven and not
more than . members. The
names and addresses of the first Board
! OF directors are Arnold Cordes OF New
Tim, MINI; j. H. Haenze OF New Ulm,
| Mimi; Geo. j. Hofmeister of New Ulm,
|. MINI; Hubert Nielsen CT New Ulm,
/ MINI; Walter Keckei en- OF New Ulm,
!. MINI; Irwin c. Alvin Of New Ulm,
i MINI; Henry Hogen Of New Ulm.
/ MINI.
The first officers of this corporation
Ishall be: President, Arnold Cordes; Vice
Fpresident, Walter Keokeisen; Sec.,J II.
!. Haenze and Treasurer, j. H. Haenze.
i All of the above named officers and dir
sectors shall hold their respective officers
aforesaid until the next annual meeting
sof. the corporation to be held as provided
lin the bylaws, at which time and
ANNUALLY thereafter, a Board Of Direc-
f.tors shall be elected from and by the
stockholders of this corporation. The
a3annual meeting of this corporation shall
/ be held at its principal place of business
as provided in the bylaws. Imme
diately after the election OF directors,
or as soon thereafter as practicable, the
directors sha meet and elect from their
number president, vice-president,
a secretary and treasurer. Any office
! except that OF president and vce-presi-
sA|dent may be held By one person. The
directors and officers Of this corporation
z.shall hold their respe Give offices until
their successors have been duly elected
and entered upon the discharge of their
4 duties. The first meetings Of the stock
holders and of the Board Of Directors
j shall be held as provided in the bylaws.
Article v.
Is The amount OF the capital stock OF
i this corporation shall be Twenty thous-
land $3.50, O00) dollars, which shall be
paid in, in money or property, or both,
lin such manner, at such times, and IN
#lssuch amounts as the Board OF Directors
shall order. The capital stock shall
s be divided into -Four Hundred i400)
81 shares of the par value of $50 90 each. 10
Article vi.
The highest amount Of Indebtedness
! or liability to which this corporation
!. shall at any time be subject shall be the
q ssociation.
In Testimony Whereof, we have here
Il unto set our hands, this ] 9Th day Of
October, 1919. In the Presence 81
III. j. Duncan and A.9C.s Amann.
49, yNol4o,.s K II ;EIaonzo.