The Kansas herald of freedom., 1855-06-09
General 1nteIiiqencs.
Constitution of the American Settle
ment COMPANY.

Constitution of the American Settle
ment Company.
The subscribers hereto, being deSirous
to form company for the purpose OF
settling tract of land in the Territory
of Kansas, in order to assist in making il
free State, and to found thereon city,
with municipal government, and the
civil, literary, social, moral and religious
privileges of the old free States, for the
equal benefit of the members, have asso-
ciated and formed, and do hereby asso-
ciate and form themselves into joint
stock company, under the name of the
"AMERIcAN SETTLEMENT COMPANY" and
have adopted the following articles for the
government of said company and the
management of its property, affairs and
concerns; and hereby pledge them
selves, each to the others, faithfully to
observe and keep each and ali the provis-
ions of said articles, viz
Art. lst. The capital of the company
shall be divided into shares, equal in
number to the number of lots in the city
hereinafter mentioned. The price of
shares shall at first be fixed at five dol
lars, but NAV be raised by the board of
directors. No person shall be allowed
tofpurchase of the company more than
six shares in one name. Only half the
price shall be required to be paid ON
subscribing, except on the first share.
Art. ed. The management of the af-
fairs of the company shall be vested in a
board of directors, the majority of whom
shall be residents Of the city of New
York, or its vicinity: and they shall have
power to fill vacancies in their own body,
and to elect their own officers and agents.
The officers shall be President, Vice
President, Secretary, Treasurer, and GEN
eral Superintendent, who shall also be
members of the Board of Directors.
AIT. Sd. The members of the COM
pany shall be all such persons, of good
moral character, as shall with the consent
of director subscribe for one or more
shares of the stock, and comply with the
terms of payment, and sign this consti-
tuition. ~
Art. 4tb. Minors may subscribe thro'
their legal representatives.
Art. 9th. Certificates of subscriptions
will be given, signed by the General Su-
perintendent, specifying the amount paid
and said certificates shall be assignable,
such assignments conveying all the
rights pertaining to the original certi6-
Gates but any stockholder failing to pay
the balance due on his or her stock, with
in sixty days after the holder has been
notified by the board, shall be liable to
! forfeit said stock and the amounts before
paid on it.
! Art. 9th. For each share held in ae-
cordance with these provisions, the owner
shall be entitled to one lot in the city
hereinafter described, when apportioned,
and to a share in the general property o.
the company and on all questions to bt
decided by stockholders shall be entitled
{ to one vote.
! Art. 18th. ANY resident or non-resi
dent of Kansas may be steckholder
but no person can be member of ths
company without signing the constitu
ton, in person or by proxy. and holding
stock. ~
Art. 9th. When a sufficient numbei
of members are in Council City, and tht
lots shall have been surveyed and MAJ
: formed, the lots shall be distributed tc
J stockholders, by drawing, which shal
take place in Council City, under the di
, rection of one OF more directors of th'
company, aud at public meeting Of tn
members. Distributions will be mad'
of the remaining lots under the direction
of the board, and the Secretary shall no
tify shareholders.
Art 9th. 1t shall be the duty of th
General Superintendent to be in attend
ance at the Office Of the company, TO re
ceive subscriptions, answer letters, i'm
part information and transact the aetiy
business of the company. All monte
received by him shall be paid weekly
the Treasurer but the President or Vic
q President may, as hereinafter provide,
{ in article 18th, countersign to his orde
on the treasury for incidental expense
IN sums not exceeding one hundred dol
| lars A monthly statement of nonie
received, paid over to the Treasurer. an,
, disbursed for incidental expenses, shal
be presented at each regular meeting 0
| the board.
[ Art. 10th. It shall be the duty of th
} Secretary to keep the minutes of eacl
meeting, to examine With the President
: approve the accounts presented by tn
], General Superintendent, and to safely 81
5 and keep all papers and books Of th
company.