Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-02-06
NEW ACKNOWLEDGEMENTS.

commerce met yesterday morning as
usual.
NEW OBSERVATION-DISCLOSURES.
The following resolutions in regard to
memberships and also with reference to
new building for chamber of commerce
offered by Gen. Sanborn were read and
laid over for one week under the rules:
Resolved, That section of the bylaws
be amended so as read as follows:
Section 1. Any resident of the city of st.
Paul may become member of this asso
citation by subscribing to an agreement to
become such, and paying a membership
fee of 500. Memberships shall be por-
petual, and a certificate of membership
shall be issued to each member and be
signe by the president and attested by the
secretary, and have the seal of the associa-
ton attached. Memberships shall be trans
ferable by assignment or bequest, with the
consent of the association. but no person
can take or hold a membership who al
ready has and holds one, and the certif-
cate of any membership transferred shall
be delivered up and cancelled, and a new
certificate of membership issued, before
the person taking the same shall be vested
ship. The board of directors shall have
power to make assessments upon mem
berships, but the aggregate amount for
any one years shall not exceed fifty dollars
upon any one membe rship, and until the
expiration of the present annual member
ships, the permanent memberships shall
possess the same powers and rights as the
annual and no other.
BONDS FOR BUILDING.
RESOLVED, That the board of directors of
the ST. Paul chamber of commerce do
hereby authorize and direct the issue of
bonds of said association to an amountnot
exceeding $4,000 for the purpose
of purchasing rentable sit and erecting
thereon building for the use of said ua
ISOLATION and such other purposes as sAil
board may presclile e.
RESOLVED, That said bonds shall be in
issues of one Thousand dollars ($1,000)
with interest coupons attached and shall
bear interest at the rate of per cent. per
annum payable semi annually at the Office
of the treasurer in the city of st. Paul and
be payable thirty years from the date
thereof and shall be signed by the president
of board of directors and countersigned by
the secretary and treasurer and have the
seal of the association attached, and both
said secretary and treasurer shall keep
record in his Office of said bonds so issued
showing the number, date and amount of
each bond, and the name of the person to
whom it is made payable. Said bonds
shall be disposed of by the treasurer at not
less than their par value, and the proceeds
thereof shall be used to pay for said site
for said building, and the erection of said
building and the Improvements upon said
site, aud for no other purpose whatever.
And said bonds shall be issued only as re-
quired for the purposes aforesaid, and the
site SO purchased and the building so erect
ed thereon shall be mortgaged to -,
trustee for the bondholders, to secure the
payment of the interest and principal of
said bonds with the ordinary powers vested
in trustees in such cases, and a copy of
this resolution shall be printed as required
on said bonds.
MISCELLANEOUS.
Mr.. Noyes, from the committee to whom
was referred the communication from the
Buffalo board CT trade, in regard to the
proposed transfer of the light house and
coast service to the naval department, re-
ported in favor of joining with the Buffalo
board of trade in protesting against the
transfer.
Mr.. Ingersoll, from the committee ON
nominations, reported in favor OF accept
ing the resignation of Maurice Auerbacb,
aud recommended Stephen H. Glidden;
also Joseph Mickey in place of G. II. Bige-
low; j. G. Quinby against II. P. Hall, and
Il