The Kansas herald of freedom., 1858-08-21
ELIZABETH NJ. +. DENTON,
TWIN MOUND, Jane2, 1853.
ARTICLES OF AGREEMENT


Bet,oeen tie Tscin Mound Harmonic College Asso,
ciation and the Subscribers TO the Capitdi Stock
Of tie same.
ART. l. 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 respectively subscribed.
ART. 2. The payment of one Thousand dollars
shall constitute any person q shareholder, and
shall entitle him or her to vote on all questions
pertaining to the interests of the Association.
Each additional share shall entitle the person
holding the same, to one vote.
ART, B. For mutual security, the subscription
of share, or any number of shares, shall not be
obligatory upon the person making it, until fifty
shares, or the of fifty thousand dollars, shall
have been subscribed.
ART. 4, The shareholders, Immediately after
the subscription OF fifty thousand dollars, snail
be notified BY the Secretary Of the Association
to assemble, either in person or by proxy, at
time, the two parties to this Agreement shall be
consolidated into one body, which shall then and
there proceed to determine the time and manner
of payment of ths stOck-subscriptions, and TO
elect Board of Control to execute the instruc-
tions of the united Association.
ART. 5. The fifty Thousand dollars thus sub
scribed and paid, shall be primarily expended IN
the erection of suitable College buildings, the
procurement Of scientific apparatus, and the
establishment of the College grounds.
ART. 6. Each shareholder, for every share by
ship in the College, (until the Institution shall
become self-suppOrting0 which scholarship
shall be transferable.
ART.7 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
t0Wa plat of Twin Mound, together with five
acres of Land in the immediate vicinity, TO every
person who shall take share. or shares, in the
capital stock of this Association.
ART. 8. The Twin Mound Harmonic College
Association Dc hereby further pledge them
selves to donate and convey ten acres in the CEN
ter of the town plat Of Twin Mound, as Site
for the e-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 end0wing the
Institution; reserying to themselves one vote
in the Association of joint proprietors, for each
forty acres thus deeded-and also scholarship
for each forty acres.
ART. Q. 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 pecuniaFy means, shall, neyerthe-
less, by the bestOwment of their gifts and the
devotion of their services, in the posts they may
De needed to fill, be entitled to all equal natural
rights with the other proprietors, including
town lot. Eve acres of land. scholarship, and a
vote in the Association.
Signed for the assoeiasion,