Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1890-10-13
GOOD WORK DONE
The Committee on the Guarantee Fund
Ready to Report.
Fnll Text OF the Prospectus AMI Articles
of lncOrpOraiinn-Th Meeting
Tonight.

commerce hail on Saturday night, aftel
appointing a committee to formulate q
plan of action adjourned until tonight a
O'Clock. The committee men did not lie
grass grow under their feet, but went tC
work and continued at their labors nearly
all night. The result OF that work i:
given below in the report they will make
( tonight. Let the chamber of commerce
/ hall be crowded to act on the report.
THE COMMITTEE S REPORT.
FORT W ORTIZ, Tex. Oct. ID, 1890.
To the Citizens OF Fort Worth. Tex:
We the undersigned, your committee
appointed to report upon a plan of or
gun iZation best adapted for the securing
( of the location and operation of manu-
/ featuring enterprises and industries
within and adjacent 10 the city of Fort
/ Worth, beg leave to submit for your con-
sideration and adoption, rejection or
modification the plan disclosed in the
prospectus, draft of articles of associa-
ton aud attorneys certificate hereafter
following in words and figures as follows:
THE FORT WORTH MANUFACTURERS AID
observation-disclosures
whereas, il is universally conceded
that the future prosperity of the city of
! Fort Worth Tex. depends largely upon
the increase of its population and Indus
tries through the instrumentality Of
manufacturing en- terprises, and II is
therefore greatly to the inter-
ests of the citizens of said
city that the location and operation of
such enterprises in its midst be encour-
aged, fostered and promoted, and
a,
exists for the purpose of so encourage
ing, promoting and fostering the location
and operation Within and adjacent to said
city of such enterprises, and the cit-
zens of said city are more or less harnssed
by solicitations to assist In the location of
enterprises as to which they are not in
formed as TO their merit and frequently
as TO the responsibility of their promot-
ers; and whereas, there exists no organ
ization 10 said city prepared TO invite and
make definite propositions to manufact-
urers to locate their plants in said city,
and much time is lost aud the cirizens
frequently much troubled with I'M
Fortunate solicitations to contribute to
enterprises as TO which they are not well
informed; and whereas the difficulty
now existing of securing aid TO
manufacturing enterprises as an
inGucement to their location in said
city Is so great, that the tendency is 10
exclude applications for assistance from
other than irresponsible concerns, which
have nothing 10 lose and everything TO
make; and whereas at present the matter
Of inducing the location of manufacture
ing enterprises within and adjacent to
the city is one of individual effort and
liable to be defeated by the jealousy of
adverse and rival interests. Therefore
in order to facilitate the location and
operation of substantial manufacturing
plants in and adjacent TO said city;
in order to prepare a fund ready for
the entertainment promptly of PROPOSE
tions for the location and operation of
manufactures as aforesaid; in order to
secure the citizens of Fort Worth from
continual annoyance in the solicitation-of
subscriptions to enterprises which may in
fact be without merit or responsibility;
in order 10 establish an organization
with powers of concentration in efforts;
III order TO obviate any existing rivalries
which paralyZe endeavors; in order 10 be
able to secure in most sys-
tematio way the greatest subsidies
from particular localities in and about
said city for the location of said enter
prises; in order TO render contributions
TO such enterprises certain and easy in
payment; in order to secure TO coutrlbu-
tors the greatest benefits and a probable
return directly of all or portion of their
contributions; in order to be able to say
to the manufacturers of the world that
the citizens of Fort Worth are pre-
pared to give to mertorious enter
prises, substantial aid and encourage
in IN ha II nd
to enforce contracts made with manu-
facturers; and finally in order to pro-
mote the growth of the city of Fort
Worth, to population the greatest and
most industrious in the state of Texas
and in character the leading mannfact-
uring center of the southwest, it is
as follows:
/. That q corporation be organized
under and by virtue of the laws OF the
state of Texas for the promotion of i'm
migration and that its articles of incor-
poration read and be as set out IN the
hereunto attached draft.
2. That of the capital stock of said |
association, subscriptions to |
500 900 thereof be now solicited.
8. That when said 500 900 shall have |
been in good faith subscribed, that said |
association shall adopt bylaws and !
otherwise organize for business.
4. That the subscriptions to said cap
tai stock shall be PAID in installments rs
called for by the board of directors, and
shall not exceed On an average more than
i've per cent. thereof per month.
8. That when any subscriber shall have
paid his OF her subscription in full d GER
.ificate or certificates OF stock shall be is
Iued to such subscriber.
6. That the funds of said association
hall be employed in the way OF loans or
to manufacturers who may
wish to locate factories within or ada
,ent to the city of Fort Worth and in
uch other manner for the purposes
aforesaid as the bylaws may provide or
Is the board of directors may deem for
he best interest of the said subscribers
md the city of Fort Worth, with the
that IN the locst ton of
enterprises, everything
lse being equal in the opinion of the
,oerd of directors, q subscriber is to be
referred TO one who is not subscriber.
Z. That in the inducement of the loca-
ion and operation Of manufacturing en-
erprises as aforesaid, 1t Is the purpose
4 this association to obtain for itself such
BENEFITS and profits as it can consistent
With the general good of the city by
irtue of subsidies or other benefits
Yhich may accure from the location of
enterprises in any partic-
lar locality in or adjacent TO the city of
'ort Worth.
8. That said associat ton shall be au-
horized by its bylaws 10 employ a COM