New Ulm review. (New Ulm, Brown County, Minn.) 1892-1961, 1919-03-12
Articles of Incor'-
poration Of New
Uln Drainage &
Construction
Company

We, the undersigned, for the purpose
of forming corporation under the laws
Of the State of Minnesota, do hereby
subscribe and acknowledge the follow
ing certificate Of incorporation.
Article I.
The name of this corporation shall
be the "New Ulm Drainage & Con-
struction Company.
Article III.
The. general nature of the business
of this corporation shall be to build
and construct bitches, drains and drain
age works, bridges, roads and pavements,
and to do other building and c0nstruc-
ton work; to take contracts from coun-
ties, municipalities, corporations and
private persons for such construction
and building; to let and sub-let contracts
for any such construction and build
ing; to buy, sell and furnish any or all
material for such building and con-
struction; to buy, lease, own, operate,
sell and dispose of all machinery and
equipment used in it's said business; to
buy, lease, own, sell, and dispose of
any and all real and personal property
that may be convenient or necessary
for use in carrying on it's business, and
to do any and all other business con-
venient, incident to or necessary for
the purpose above stated.
.. Article III.
The principal office and place of bust
ness Of said corporation shall be at the
City of New Ulm, Brown County,
Minnesota, but Offices and agencies
may be established at such other places
in this state, or in other states, as the
Board of Directors may select, and the
corporation may carry on building and
construction at any place within or
without this state.
Article w,
The time of the commencement OF
this corporation shall be March 1st,
1919, and the period of its duration shall
be thirty years.
Article v.
The names and places Of residence OF
the incorporators are as follows, to-Wlt:
Fred Aufderheide, Residence, New
Ulm, Minnesota.
Karl H. Aufderheide, Residence, New
Ulm, Minnesota.
Herman J. Aufderheide, Residence,
New Ulm, Minnesota.
P. B. Jenniges, Residence, Wanda,
Minnesota.
Otto Montgomery, Residence, New
Ulm, Minnesota,
Article vi.
The government of this corporation
and the management of it's business and
affairs shall be vested in board of five
directors, to be elected by the stock
holders at each annual meeting and to
hold office for one year and until their
successors are elected and qualified.
The annual meeting of the corpora
ton shall be held at it's Office or place
of business in the City of New Ulm,
Brown County, Minnesota, on the second
Tuesday, in March each year.
The names and addresses of those
comprising the board of directors until
the first annual meeting are as follows,
to-wit: Fred Aufderheide, Karl H. Auf-
derheide, Herman J. Aufderheide, all of
New Ulm, Brown County, Minnesota,
P. B. Jenniges, of Wanda, Redwood
County, Minnesota, and Otto Mont
gomery, of New Ulm, Brown County,
Minnesota.
Article VII.
The amount of capital stock of the
corporation shall be one hundred
thousand (S100,OOO.OO) Dollars, to be
divided into one thousand shares 10000
shares of the par value of one hundred
f$1O0.O0) Dollars each, which shall be
paid in money or property, or part
money and part property at such times
and in such amounts as the Board Of
Directors shall order.
Article VIII.
t: The highest amount of indebtedness
or liability to which the corporation
shall at any time be subject shall be One
hundred thousand ($1OO,0O0.C0) Dollars
49,. Article TX.
Each stakeholder shall be entitled tc
!! one vote for each share Of stock owned
by him.
- Article x.
The board of Directors shall NEE,
Immediately after their election each
year and shall then elect from theil
number a president and vice-president
and shall elect from their number o.
from the stockholders, secretary ane
| treasurer. The office of secretary ant
/! treasurer may be held by one and thu
same person. All such officers to hole
office for one year and until their sue
cessors are elected and qualified. TIL,
Board of Directors shall have power t.
select, employ and discharge such othe
officers and employees as they may deem
necessary from time to time.
! IN TESTIMONY WHEREOF, W,
have hereunto subscribed our names thi
oath day Of February, A. D. 1919.
! Fred Aufderheide (Seal
| Karl H. Aufderheide Seal
Herman j. Aufderheide (Seal
P. B. Jenniges tSeal
! Otto Montgomery {Seal
In Presence of
Alfred w Mueller
+, Andrew M. Lindvall
as witnesses.
State of Minnesota,