Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1869-06-20
AGRIcuLTURAL
ORGANIZATION of the Shelby County
-. Agricultural, Mechanical and
Horticultural Society.
Combination of the Turf and Agri
cultural Societies --S4,490
Stock Subscribed.
Election of Directors, officers, Etc.

isiature:
A Bill to'be entitled an Actto incorporate
the shelby County Agricultural, Me-
chanical and Horticultural Society.
SECTION l. Be Il enacted By the General
ASSsmb{y Of the State Of Tennessee, That
NJ, ID. L. Stewart, 4. J. Hays, VIM. II.
White, a. B. Haynes, Leon Trousdalei G.
c. Holmes, K. J. B. L. Winn, Enoeh
Enslv. Joseph j. Powers, c. \. Rose, I'll
RavEUr. Chamb. Jones, jr., and n. NJ.
Trezpyaut. and their associates and sue
cessors. are hereby constituted a body
polite and corporate, under the names INC
stvle of The Shelby County A~gr1cuItn-
raj. Mechanical and Horticultural So
cietv.J1 and to continue to run for the pc
ROD Of thirty-three years, with power to
erect buildings, hold fairs, exhibitions,
and to offer and award premiums and
prizes. and otherwise to encourage the
agricultural, mechanical, horticultural
and hoUseholdinterest Of Shelby county;
TO make and use a common seal; to make
such bylaws. not inconsistent with the
laws Of this State or the United States,
deemed necessary and proper for the gov
nme of the same in its corporate
name; to sue and be sued; to plead and
be implicated; TO hold by purchase or
otherwise. and to dispose of the same in
any way. any real estate or personal pop
ertv which may be desired in carrying on
its operations.
Sec. 2. Be Il further enacted, That the
capital stock Of said Company shall be one
hundred thousand dollars, with liberty to
increase the same as hereinafter pre-
scribed, to he divided into shares of not
less than twenty dollars each, 10 be sub
seribed and paid for as the Board OF Dt-
rectors may direct; the shares shall be
considered personal property, and shall be
transferable only on the books of the So
ciety in person or by attorney in fact.
Sec. 3. Be Il further enacted, h the
named c~orpOrators in the first section OF
this act, or any five Of them, shall
be authorized to act as commissioners,
with power to open books for and TO re-
ceive subscriptions of stock, and when
ten per cent. of the capital stock has been
taken or subscribed, the said c~orporators
shall Immediately call by publication for
ten davs IN one of the newspapers in
Memphis, a meeting of the stockholders
or subscribers, who shall elect by ballot a
board of nine directors who shall hold
their Office for n year, anu until thelf
successors are elected in their stead;
The directors shall elect one of their
number President, who shall hold his
Office for a like term, and they shall elect
such other officers or agents as they may
deem necessary, and may assign To their
officers salaries.
The annual meeting of the society shall
be held at such times and places as the
Board of Directors may, from yearto year,
determine. At each annual meeting the
Board of Directors shall he chosen for the
ensuing wear, but a failure to elect shall
not work a forfeiture Of this charter, but
the officers shall hold their offices until
their successors are elected and installed
in their seats. I
SEC. /. Be Il j8rlher enacted. That the
society may, al the pleasure of the Direc-
tors. and in such manner as they may
elect, increase the capital stock 10 any
amount moi exceeding $4,000; and the
Directors shall have power TO sell, dispose
of or take subscriptions for such addi-
tiOnal stock in such manner rs they may
deem advisable.
Sec. >. Be II further enacted, That the
Board Of Directors, five of whom always
constitute a quorum for businesS-shall
have power, after thirty days written no
tice served upon the party, TO declare for
feited TO the Society any stock aiken or
subscribed, on default of the payment for
thirty DAYS any call or calls made by them
on the stockholders, and they shall there
upon cancel the same upon the books of
the Society, and may issue the amount
AnuS lOIlEAlEA ana NAllIklt1 W 0AAN ~ az
subscriber.
Sec. 6. Be II further enacted, That this
act shall take effect and ne in force from
and after its passage.
There were about one hundred persons
present, and the meeting was called 10
order nv Col. NJ. D. /. Stewart, who, in
taking the Chair, explained the object of
the meeting. viz; To perfect the Organiza-
ton bv the election of the nine Directors
IA = DAA NNN,uE. afaa ~.
nounced that there We're a number OF
friends belonging TO the Turf Association,
who were present and wished to unite
their stock with this, the Agricultural
Mechanical and Horticultural Society.
As the charter provided that ten thousand
dollars 81 III be subscribed before organi-
zatiou. - irst thing in order should be
the reading Of the list Of subscribers of
stock. The Ciasir therefore directed the
Secretary TO state the amount of subscrip-
ton.
Gen. Chalmers here arose and said, be-
fore the Secretary made the return he, as
a representative of those getting up one
list Of SUBSCRIBERS, would like TO make a
few remarks. The gentlemen Of the Turf
Association which he represented were
anxious To Join with the Agricultural So
ciety. and there We're many, he had no
doubt, among the subscribers to the Ag-
ricultural Society who were anxious to
receive them: but there might be some
amongthe latter wh0 were opposed to be
ing connected with the Turf Association.
Although the charter Of the Agricultural
Society was such that any citizen of Shell
by county, on paying his money, could
become a member OF il, the members of
the Turf Association were unwilling to
come intothe Society withoutth the express
ed WillOfits members. mother words they
did not wish to be accused Of stealing the
benefits of the Agricultural Society away
from its original members. There We're,
he continued, twenty-five thousand doll
in stock subscribed TO his Association,
and some ten thousand TO The Agricultu-
raj. Neither OF these sums were sufficient
10 carry out the designs Of the o~riginators
of the respective societics-which We're
beautiful and ornamental grounds, ETC.,
etc. Combined. they could effect the de-
sired end. He expressed the hope thai if
any member present wished 70 object, he
would do SC then ami there. If there was
no objection, he would in the name of the
Turf Association take stock 10 the amount
Of $4,000. He concluded BY suggesting
a plan by which the scTuples of those who
might not wish 10 be connected with "the
as follows: Let the stock be sub
and the Society organize, elect
Directors, officers, etc. Then let the Di-
lease out the grounds TO such
members of the society as should bid for
them, for such time as the Society might
not need them, for fairs, etc, the lessee to
keep the grounds in order, and turn them
to the Society temporarily whenever
upon. ~ g1l
4 desultory discussion followed these
remarks, participated in by hidge Per-
kins, DR.. Pearne and others, ii being
put an end to BY the Turf Associa-
ton subscribing the money unconditiOn-
ally.
In reply 10 a question from DIR. Pearne,
he Secretary aBsweredt that the sHbserip-
ton Of the Turf Association was individ-
lal and not as a Society. 1t was in fact a
turning ovcr- Of one subscription
TO another.
The Secretary then pTOceeded 10. read
bis report, which shovel that stock Mad
been taken TO the amount Of SS5, 80, and
The reading of the list Of sub
several SUPPLEMENTARY lists were
handed in. which sweled the sum to
Al 40.
After reading the list the Chair ordered
,he ballot 10 be prepared Tor the election
Directors. Several questions arose as
the manner OF voting, which were set
led in tho usual way, only writteHzpfox-
being aceep1ed.
The names of nearly every member of
he Society were put in nomination for
each member present having a
ists A ballot was finally gone into, with
.ha f~o41Opit7p result. The namao of It'd