New Ulm review., 1919-03-05
Articles Of I1lcor1
poration Of New
Ulnn Drainage &
nstruction
Company

| 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 l.
The name Of this corporation shall
!! be the New Ulm Drainage & Con-
struction Company.
Article III.
| The general nature of the business
Eof this corporation shall be to build
and construct bitches, drains and drain
age works, bridges, roads and pavements,
and to do other building and construc-
tion 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 its business, and
to do any and all other business con-
venient, incident to or necessary for
the purpose above stated.
Article Ill.
The principal Office and place Of busi-
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 ". 'ra.,,s 9s
The time of the commencement OF
this corporation shall be March 1st,
1919, and the period Of its, duration shall
be thirty years. 49,,
,.e 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
Ulnl, Minnesota
Herman J. Aufderheide, Residence,
New Ulm, Minnesota.
P. B. Jenniges, Residence, Wanda,
Minnesota. %
Otto Montgomery, Residence, New
Ulm, Minnesota. ,>...S1
H., Article VI.
The government of this corporation
and the management Of its 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 81 81 The corpora
=tion@shal fbe held at lis Office or place
of business in the City Of New Ulln,
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,
t0-wit: Fred Aufderheide, Karl II. Auf-
derheide, Herman J. Aufderheide, all Of
New Uln, Brown County, Minnesota,
P. 3. Jenniges, Of Wanda, Redwood
County, Minnesota, and Otto Mont
gomery, Of New Tim, Brown. County,
Minnesota.
Article VII.
The amount Ct capital stock Of the
corporation shall he one. hundred
thou md j$100,000.G0) Dollars, to be
divided into cne thousand shares $4,000
shares of the par value OF one hundred
(sl0O.0O) Dollars each, which shall be
paid in money or property, or part
money and part property at such times
and in such amounts as the Board ct
Directors shall order.
Article VIII.
The highest amount Of Indebtedness
or liability to which the corporation
shall at ny time be subiect shall be One
hundred thousand ($l00,000.CO) Dollars.
Article TX.
! Each stockholder shall be entitled to
one vote for each share OF stock owned
by him.
Article x.
The board of Directors shall meet
Immediately after their election each
year and shall then elect from their
number a president and vice-president,
and shall elect from their number or
J from the stockholdes S, a secretary and
/ treasurer. The Office of secretary and
treasurer may be held by one and the
same person. All such officers to hold
Office for one year and until their sue
cessors are elected and qualified TIE
[ Board Of Di ectors shall have power to
select, employ and discharge such other
Off GERS and employees as they may deem
necessary from time to time.
| IN TESTIMONY WHEREOF, we
have hereunto subscribed our names this
Oath day OF February, A. D. 1919.
| Fred Aufderheide (SeaD
! Karl III. Aufderheide (SeaD
| Herman j. Aufderheide (SeaD
P. B. Jenniges (seaI
Otto Montgomery (SeaD
In Presence of
Alfred w Mueller.
Andrew M. Lindvall.
as witnesses.