Willmar tribune. [volume] (Willmar, Minn.) 1895-1931, 1919-02-19
(First Publication, Feb 19.-2t.)
OF INCORPORATION

forming q Manufacturing Corporation
under the General Statutes, certify:
Article I. The name Of this Corpora
ton shall be - - ~ -r7sEE ~
IMPLEMENT COMPANY.
The general nature Of its business
shall be to manufacture all kinds and
varieties OF mechanical appliances, In
struments and machines and any and
all processes and products; to obtain,
purchase or otherwise acquire patents
patent agreements and licenses to manu.
facture patented articles; and to sell,
assign or otherwise dispose Of patents,
patent agreements and licenses to manu-
r raenar t and TO also grant licenses in
same to account, to enter into, carry out
or otherwise turn to account contracts of
every kind; to have and maintain offices
VIII within and without the state; to acquire,
hold, mortgage, lease and convey or
Otherwise use or dispose of real and
p wr1d Up property Of In any. part Of the
and to do 20 ali TIcb on ih a%en
IN Connection Herewith as may be per-
m1tted by the laws of Minnesota and
pc necessary or convenient in the con-
The principal place Of transactine the
business of this Corporation shall be
in the city Of Willmar, County Of Kan
Article s'i II q The Ai tims Tor the COM
mencement Of this Corporation shall
be when the Charter is granted, and the
period OF its duration shall be 80 years
residence Of the persons FORMING this
Corporation are:
?. Il. sackett. of Willmar, MINI.
D. Z. thinner, of Minneapolis, MINI.
Article ". The management Of this
Corporation shall be vested in q Boafd
OF Directors composed of not less than
three rec nor a,, more than seven members:
Board of Directors are:
F. H. Sackett. -Willmar. MINI.
p = = 7 71anstf' MMt'n3,n na Mimi.
~ The officers of this Corporation shall
pc PRESIDENT. one or more Vice Presi-
dents. Secretary and Treasurer.
:. Al the above named officers and Dr.
rectors shall hold their respective offices
aforesaid until the next annual meeting
or the Corporation. at which time and
annually thereafter a Board Of Directors
ers Of the Common Stock of this Cor u%
alton. The Annual Meeting Of this Cor
pora1on shall! be held at its principal
place OF business on the second Tues
The first officers elected shall hold
their offices until the first annual cleo
ton and until their successors are
elected and qualified and successors
stoef H fto S sssfSn
oca ms1 IS IN mt the Beard or in any
Stock Of this Corporation shall be $780,
10000 of which $loo.ooo:oo shall be
and aR Sa Stock ss sa
divided into 1000 shares of the par
value Of $4,000 per share and the Pre-
ferred Stock shall be- divided into 1000
share. and shall be paid in at such times
and in such manner as the Board Of
Directors may Direct.
nave no voting power except in matters
of issuance of, bonds, execution Of
mortgages or other "Reminiscences, in
which cases it shall be entitled to one
on the books Of the Company. This
certificate entities the holder to receive
and the Corporation is bound to pay
out e,'n -, OF any and all surplus or profits
at the rate Of eight 90 per cent per
annum, payable annually and accumu-
lative, before any dividends shall be de-
Common Stock
The Preferred Stock is subject to re-
compton or retirement, in full or in
part, at par, plus premium of Ten
interest accrued to the date of retire.
ment, at any time and in such manner
that the Board of Directors may deter
in writing to holders of record on the
books of the Corporation. In the event
of the dissolution or sale of the Com
pany, whether voluntary or involuntary,
and in the distribution of assets the
holders of Preferred stock of record on
the books Of the Corporation, shall, up to
the par value thereof together with any
unpaid dividends accrued, be paid in
full before any payments shall be made
to the holders of Common stock of rec
ord on the books of the Corporation.
Article VII. Each owner of Common
Stock shall be entitled to as many votes
as he owns shares of Common Stock
at each stock holders meeting
Article WILL The highest amount of
Indebtedness or liability to which this
Corporation shall at any time be sub
ject shall be the sum Of $lOO,OOO.OO.
Article TX. The first meeting of this
Corporation shall be held at the Com
pany's office in Willmar. Mimi at
o'clock in the afternoon on the twelfth
G2th) day of March; 1919.
IN TESTIMONY HEREOF, we have
hereunto set our hands this 18th day Of
February, 1919.
p. H. SACKETT
E. c. LYKSETT
D. B. ZIMMER.
Witness to signatures of p. H. Sackett
and %. c. Lyksett.
Geo. H. Bitterness,
Winifred C. Michaelson
Witness to signature Of D. B. thinner
l.. J. Hartman,
M. c. Tiff