The Kansas herald of freedom., 1858-10-16

ARTICLES OF AGREEMENT
Beeueett the Tteia Mound Harmonic College Asso-
citation and tie Su1scrf6eyS to the Capital &ock
Of The same. . ..
ART. /. On conditions, hereinafter specified,
the undersigned mutually pledge themselves,
each to the other, and severally to the Twin
Mound Harmonic College Association, to pay to
the Treasurer of said Association, the amounts
by them respec lively subscribed:
ART. 2. The payment of one thousand dollars
shall constitute any person shareholder, and
shall entitle him or her to yote on all questions
pertaining to the interests Of the Association.
Each additional share shall entitle the person
holding the same, to one vote.
ART, 3. For mutual security, the subscription
obligatory upon the person making it, until fifty
shares, or the sum of fifty thousand dollars, shall
have been subscribed.
ART. 4. The shareholders, Immediately after
the subscription Of fifty thousand dollars, shall
! be notified by the Secretary of the Association
to assemble. either in person or by proxy, at
Twin Mound, X. T., at specified date; at which
time, the two parties to this Agreement shall be
consolidated into one body, whichsshail then and
there proceed to determine the time and manner
of payment Of the Observation-Disclosures and TO
elect Board of Control TO execute the instruc
tions of the united Association.
| ART. S. The fifty thousand dollars thus sub
scribed and paid, shall be primarily expended in
the erection Of suitable College buidings' the the
establishment of the College grounds.
ART. 6. Each shareholder, for every share BY
him or her taken, shall be entitled TO SCHOLAR
ship in the College, until the Institution shall
become self-supporting0 which scholarship
| shall be transferable. .---..7
ART. :. The Twin Mound Harmonic College
Association, do through their officers, under
signing these Articles for the purpose, hereby
pledge themselves to deed one town lot in the
| town plat of Twin Mound together with five
acres of land in the immediate vicinity, toevery
person who shall take q share. or shares, in the
capital stock Of this Association.
ART. 8. The Twin Mound Harmonic College
Association do hereby further pledge them
selves to donate and convey ten acres in the cen
| ter of the town plat of Twin Mound, as a Site
for the'proposed College; and also to deed to the
College, within six months after the sum Of
twenty five thousand dollars shall have been
expended towards the enterprise, six hundred
| and forty acres of land, to aid in endowing the
| Institution; reserving to themselves one vote
in the Association Of Joint proprietors, for each
| forty acres thus deeded-and also scholarship
| for each forty acres. -.ist..r
ART. 0. For the honor Of intellectual worth,
and as the due of wealth that is more than gold,
| it is yet further agreed by both the parties to
| these Articles, that those whose learning and
talent may be required in the College, though
destitute Of pecuniary means shall, neverthe-
less, By the bestowment of their gifts and the
devotion of their services in the posts they may
be needed to ll, be entitled to all equal natural
rights with the other proprietors, including q
town lot. five acres Of land, ascholarship, and q
vote in the Association.
Signed for the ASSOCIATION, ..Lt
HENRY HIATT, President.
| l.