The Memononie Milling Company was incorporated April 19, 1902, by primary stockholders A. E. Hofland, O. J. Tilleson, and W. C. Ribenack. The government of the company was vested in a board of directors of five persons from whom the president, the vice-president, secretary, and treasurer were to be chosen. Except for the office of the president, two offices could be held by the same person. The company was incorporated for the primary purpose of milling and manufacturing wheat and barley into meal, flour, or pearl. It was also invested with the authority to buy, sell, exchange, and deal in grain and in property; to build, sell, and rent buildings; to build and operate docks, warehouses, grist and flour mills, and elevators; and to improve rivers and streams for shipping. The capital stock was set at 12,000 dollars, and shares were to be sold at 100 dollars each. In 1925 the company's stock capital was increased to 25,000 dollars. After the company ran at a loss for six years, the search for a buyer was begun on April 24, 1929. On July 28, 1931 Edward Hofland purchased the company for 5,000 dollars.
