The Evansville daily journal. [volume] (Evansville, Ia. [i.e. Ind.]) 1848-1862, 1855-08-06

shall be "the Evansville Library Assocla-
tion."
The capital stock shall be thirty thousand
dollars, divided into one thousand shares of
thirty dollars each.
l. The holder of one or more shares OF STOCK,
subscribing to the articles of association con- |
Etributing one dollar annuallys and complying
with the rules and regulations shall be en-
titled to all the privileges of memberships:
The Board of Directors have power TO admit
persons to the privileges of membership for
life upon the Payment Of, not less than, fifty
dollars, which " i'll entitls them to one share of
stock aud exempt them from the pay rlent of
the amount of contribution:
The officers OF the association shall be a
President, Vice President, CORRESPONDING
Secretary, Recording Secretary. Treasurer
and FIVE Directors. who together constitute
the Board of Directors, and shall be elected
annually: The President, Vice President,
Secretaries and Treasurer by separate ballot,
the Directors by general ticket-a majority
Of the whole votes given. being necessary to
a choice. Stockholders entitled to one vote
/ for each share OF stock, provided that no
stakeholder shall be entitled to more than
five votes.
The President and Vice President to per-
form all duties usually devolving upon
those officers OF similar ssociations.
The Recording Secretary sh II keep re-
cord of the business and transactions OF the
associat tons and in general perform such
duties as properly belong to his office.
The corresponding Secretary TO be chosen
BY the Board of Directors from its number
: who shall hold his Office subject to their
pleasure. and under their direction conduct
its correspondence.
; The treasurer shall collect and receive all
. dues, money and donations in money, dis
burse the same under direction of the board,
keep a regular account Of the financial con-
Germ of the association, an abstract of which,
accompanied by vouchers. he shall exhibit
at each annual meeting of the stockholders,
} and at the monthly meetings of the board
of direc, ors, and oitener If required; and for
: the faithful discharge Of the trust he shall
give bonds in the sum of one thousand dol
' lars.
= The Board of Directofs shall meet oh TIE
Sd Monday of each month, majority Of mem
ers constituting quorum. They shall have
control of the stock and finances Of the as
snciation, and superintend its general ill.,
II ss'ee''' n-nnwer to make assess
rients upon stock, provided, luut arvv. ~,
" first payment the s1m of all assessneiit
shall not exceed ten per cent for any curren
g year, unless authorized by vote of two
:, :, thirds OF the members present at regula
- or called meeting, notice of the same AM
: amount to be assessed to be given at leas
= two weeks previously. They shall establish
as soon as expedient. library and reading
- room; employ librari an, who shall in ever
:" respect be governed by such fales and regu
;. lations the directors may adopt. Thel
:, shall call sp cial meetings when deemed ex
pedient, or when requested by fifteen stock
: holders; establish bylaws for the proPe
: regulation of the affairs of the associa ion
aud establish from time to time the admission
= fees TO be required from persons applying fo
" membership.
- They shall report their proceedings anC
u the affairs of the association, including lis
os the stockholders with the whole amour
paid on their stock, list and valuation of tht
books, and property of the association a
each annual meeting, and they shall whei
called for by vote of regular or caiiet
1T meeting make such report as may be re
Is, CURED.
of The regular annual meetings for the cleo
q. ton of officers shall be holden on the is
id Monday in January. The first meeting TO
e, the election of officers under these articles
IS asso ation shall be held on the 10th day o
ed August, next. The officers then elected ar,
re to hold their Offices until the annual elecIIot
To- in 1855.
,is Sales and transfer of stock shall be mad
ts only with the approval OF the Board of Di
ni< rectors, and shall be recorded in the StocI
as Book of the association.
to Stockholders in arrears for Gnes or dues t
nv the association or assessments upnn thei
az stock shall after three months be deprive
~ of the prf ifeges of membership and if th
>, same remain unpaid at the end of the cut
a rent year forfeit their stock.
"A The Board of Directors she'll issue stoc
en- rt1cates to stocsho lders which shall b
bt. impressed with the corporate seal and signe
nh by the President and Secretary.
a The privileges Of the library and Read
h ii .