The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1888-02-09
CHARTER APPLICATION.
THEMEMPHIs EXPOSITION COMPANY
IN TANGIBLE FORM.
An Important Document Forwarded to
Nashviile--Mode of Procedure to Or
ganize the Corporation-List Stock
holders and Give Them Control.


With community Of such men as those
who control the business Of Memphis, all
things are possible. Not only are they
possible, but when once set In motion are
more than probable. Little more than
months time has elapsed since Mr..
Thomas j. Graham addressed communi-
cation to The APPEAL, suggesting the idea
OF trades, industrial and cotton exposi-
ton. OF course THE APPEAL responded
in way that insured its undivided support
of the enterprise, and Mr.. Graham cheer
fully assumed the laborious task OF securing
all the data obtainable, organizing the COM
pany, raising the capital stock, and other
important details. Now comes the first
definite and tangible evidence that the
exposition is something more than Wis.,
ionary or ION paper" institution. Mr..
Graham secured copies OF the applications
for charter from Atlanta and other cities,
turned them over to Mr.. Frayser 7, Ed
mondson, attorney for the company, and
last night the application for charter went
up to Nashville as follows:
State Of Tennessee Charter Of Incorporation
BE II known, unto all whom il may con-
die, w. +. Taylor, II. G. Craig, David p.
MADDEN, M. Gavin, II. J. Forsdick, John
X. Speed, Charles Kney and L. j. Ora
ham, are hereby constituted body polite
and corporate by the name and style Of
Nrha Mau,phia Expnait;nnO for al. ,1rr
pose OF the support and encouragement OF
agriculture, horticulture, and the mechanic
arts, as an agricultural and horticultural
society, and society for the promotion of
the mechanic arts. fairs, and for the inn
provement of the blood Of stock, by estab-
lishing and holding annual expositions or
fairs, at which premiums may DO offered
and awarded for excellence in exhibits Of
agricultural products. horticultural dis
plays, mechanical and fine art expositions,
stock, manufactured goods, minerals, for
speed and style OF horses and for such
other and various things incident thereto,
as said association may deem proper, with
the privilege of charging admission and
entrance fees, and doing all other things
legitimately connected with said objects.
The general powers OF said corporation
hndil Dt W nuc anu nt Sucu Wy tilt CoFpO-
rate name; 10 have and use a common
seal, which II may alter at pleasure; II no
common seal, then the signature OF the
name OF the corporation, by any duly
authorized officer, shall be legal and bind
ing; TO purchase or receive by gift, bequest
or devise, in addition 10 thepersonal prop
erty owned by the corporation, real estate
necessary for the transaction OF the corpo-
az htta al oil a.. .han 4
accept any real estate in payment or in
part payment OF any debt due TO the cor.
poration and sell the same; 10 establish by-
not inconsistent with the laws and consti-
tuition deemed expedient for the manage
ment OF corporate affairs; and 10 appoint
such subordinate Officers and agents, in
addition 10 president and secretary or
treasurer, as the business of the corpora
ton may require, designate the name OF
the officer and fix the compensation OF the
officer.
We, the undersigned, apply TO the State
OF Tennessee, by virtue OF the laws Of the
land, for charter Of incorporation for the
purposes and with the powers declared in
the foregoing instrument
Witness our hands this 9Th day OF Feb.
ruary. 1888.
where ;h5ro Is such unan:Iai.y Q. sonti.
ment and promised support for the expo.
sition, there may exist In the minds oil
some gentlemen wrong impression as TO
the selection Of the gentlemen named in
the application az charter members. There
arc Mt least 100 substantial business men
who have heartily consented TO lend every
aid within their power 10 the success Of
the enterprise. When the active workers
came together 10 discuss the question OF
chartermembers, various lawyers were con.
suited M 10 the legal number A division OF
opinion was discovered, some saving that
II could be as many as fifteen, others in.
sisting that II could not exceed ten. II
was deemed better 10 be on the absolutely
safe side, and ten was agreed upon as the
number. Selections were therefore made
10 represent all leading interests and
classes n nearly as possible. As soon ~
the charter IL obtained, which viii be early
next week, IL not sooner, the charter mem.
bcrs will meet and Organize, get the pre-.
liminary plans well under way, and
after the lapse Of few weeks call
a general meeting Of all interested, enlist
stockholders, and into the hands Of these
throw the organization. The Stockholders
will be intrusied with the privilege Of se
lecting officers, directors, executors and
other committees, and, in short, be given
entire management and control. Tho
gentlemen named In the application are
merely some OF those who took an early
and active interest, and consented 10 the
use Of their names 20 secure the charter
without further delay than was absolutely
necessary.
The capital stock OF the exposition com
pany will be $3.50, 900, and the guarantee,
lund $4,000. Mr.. George Arnold ant
Col. r. ID. Snowdcn from their own spirit
Of libcmlity and entirely unsolicited, vol
untecrod 10 be among twenty-five gentle
men to subscribe 5000 each 90 this guar
antcc fund. Tho company can 20 10 worl
m soon as $40, 600 have been paid into IN,
treasury. Upon q comparatively trivia
Contingency as this, there Is no reason Il
doubt that the end Of next month will Nc,
the company one Of the positive and pow
eriul institutions Of Memphis.
Another thing the promoters Of the ex
position discussed from every point o
view, was a name for the corporation. i
was finally decided that ~ the city SHOULD
be given the prominence II deserves fol
such laudable enterprise, Memphis
ought 10 figure In the caption. II wa
argued-and correctly, too-that arounc
Il every State In the Union could rally
The idea was to make Il national la ID
limits, aud 10 that end urge the govern
mcnt 10 lend lie influence aud aid by add
ING one or moro fcaturis. AL