The Helena independent. [volume] (Helena, Mont.) 1875-1943, 1890-09-04
CHAMBER OF commerce,
The Trustees Of the Building Assoc
citation Hold an Important
Meeting.
The Bradford Site for the Build
ing is Favorably Re-
ported.
port the Trustees Strikes
Snag.

E
Snsg.
An important meeting Of the board of
trustees of the Chamber Of Commerce
Building association, was held yesterday
afternoon at the Office of Bernard Brown.
Those present were President E. w.
knight, John T. Murphy, DR.. G. Z. Cole, A.
j. Davidson, Joe Davis and E. w. Bach
and the secretary. The latter official
presented the annual statement to be
recorded for the approval of the board. It
showed the capital stock to be $4,000; the
amount paid in $1O, 800. and the indebted
ness not to exceed $50. This was approved
and signed.
The committee. appointed to investigate
the lot donated by Oscar Bradford for the
Chamber of Commerce building site, sub
mitted report. The donor agrees to give
quit-claim deed to the property, which is
located on Fuller avenue, having frontage
of 100 feet and depth of 135 feet, on these
conditions: that building shall be erected
thereon to cost at least $780, that
work be commenced six months
from date of acceptance and that the build
ing be completed by December /, 1892,
otherwise the property will revert to Mr..
Bradford. Due allowance is made for fire
or strikes or matters that may cause delay
The building must be of brick or stone and
metal or noncombustible laths used in its
structure. The committee recommended
the acceptance of tho property and also
that work commence without delay. They
were assured also that the title was perfect.
Nk~S -
moment and one that should be disposed
of before a full board. The gentlemen
present were anxious to move cautiously.
They were all heartily in favor of the pro-
ject, as much RS they had ever been, but
did not want to undertake proposition of
such proportions until they could zee their
way clear to its successful contamination.
Above all they did not care to 90 ahead with
the probabilities of confusion, ENHANCEMENT
or failure. It was suggested that the
balance of the stock subscriptions,
which were due in July, be collected
now. It was evident that the
time had not yet arrived for pushing the
showed evidences of incomplsteness, and it
was also a question as to whether all the
stock should not be subscribed and paid up.
It was evident, too, that some of the orig
inal subscribers had desire to withdraw
from the association. This brought out the
share to r. H. Floyd-Jones. DIR. Cole re-
quested reference to the bylaws to ascer-
tain if that could be done. He stated from
personal knowledge that it had been extern
sively discussed and debated upon, that no
member should hold more than one share
the object being to prevent the accession
by any individual or group Of men to Sc
curing controlling interest in the associa-
ton. He clearly understood that this was
stipulated in the bylaws. The secretary
read the constitution and bylaws. but no
reference to the point made by Dr.. Cole
could be found It was discovered, how
Murphy positively declared that the
word present" had been inserted in a
clause when it never was intended, nor was
it in the bylaws when they were discussed
at meeting of the stockholders, section
by section: The Questionable word oc-
CURED in the section relating to the pur-
chase or disposal of land or property Of the
association at meeting of the stockhold-
ers called for that purpose. The section
reads that this can be done only by a ma
jority of the stockholders (present) at such
meeting.
In another place, and just following the
adoption OF the bylaws, resolution is re-
ported, introduced by A. J. Steele, that be-
fore building negotiations are begun an
additional 800 on the stock subscriptions
be collected. AS this was never done, it
was question as to whether the trustees
could proceed. All the minutes of the old
rotary, when, it is claimed, the presidents
name should be attached to them. Ex-
President Cole, when asked if he would be
willing to approve and sign them,
expressed doubt as to their correctness
and did hot care to commit himself to a
matter he could not be positively sure that
was right. DR.. Cole foresaw an unpleasant
middle, and while his enthusiasm for the
project was as strong as ever he would pre-
fer seeing everything Strengthened out be-
fore further steps were taken.
Mr.. Davidson presented resolution, but
afterwards withdrew it, to the effect that
owing to defective bylaws and the lateness
postponed until May l, 1891.
Consideration of the committees report
on the building site proposition was then,
upon motion, postponed.
A resolution embodying report to the
stockholders setting forth that under exist
ing circumstances, the board did not feel
like going ahead with the building, and
| recommending sailing in the balance of the
subscriptions, now overdue; and for the
reason that the amount Of money under
control was an unknown quantity, would
refer the entire matter back to the stock
holders was, after consideration, tabled. It
was finally decided to instructive president
to submit the bylaws, minutes and all the
documents connected with the organization
of the association to legal counsel for in
vestigation as to the legality of all the pro-
ceedings. the president to report to the
board of trustees aud they to subsequently
report to tie shareholders.
report from the treasurer showed that
he had made an arrangement with the
Montana National bank for six per cent. in
terest on money deposited there, which
would give revenue of $50 per quarter
and that amount would accrue on the 12tt
inst. 1t was voted to appropriate that
amount to Secretary Brown for his services
during the past quarter and for liquidatins
some small bills against the association
The meeting then adjourned.
Talks With Deity While Hypnotized.
ST. LOUIS, Sept. 3.-Two physicians flee
complaint in the probate court to-day TO
an inquiry as to the sanity Of Mrs. Wood
worth, the evangelist, who has been holding