The Roanoke times. [volume] (Roanoke, Va.) 1890-1895, 1891-02-07

The gentlemen who are energctica'ly
prosecuting the reorganization of the
Commercial Club met again last night at
the club rooms and discussed the plan
of reorganization which had been pro-
posed and WAS submitted. This plan
was found to be simple, compact and di-
rect, and after full discussion it was
unanimously resolved to submit it to the
general meeting to be held next Monday
evening.
In detail 1t is as follows
First. The name of this company shall
be the Roanoke Commercial Cssvcla-
ton" a
Second. The purposes Of this assoca.
ton are to promote business intercourse
among it's stockholders and members:
and with this end in view, to open and
maintain proper meeting and reading
rooms for the convenience and use of
its stockholders and members; to adj
vance by all proper means the interests
of the city. OF Roanoke; to prepare. is
sue and distribute papers, pamphlets
and other literturc, whereby captJui
and population may DO attracted to this
city; to promote tho mechanical and
fine arts, and to this end to receive and
hold, as trustee or otherwise, donations
in real estate, buildings, money, books,
periodicals and personal property of
every description: To encourage trade
and commerce; to act as n bureau for
the collection and distribution Of stltis-
tics, and with any surplus in it's treas
ury, from time to time, to buy, sell or
lease real estate and improve the Same
with the power To b, rrow money, and to
execute notes, bonds and mortgages to
secure any sums SO borrowed, and to
subscribe for and hold stock i'll other
companies.
In order to avoid any misconception
as to the intent of IL is organization, it
is plainly stated that its object is to
place the association upon solid tnan-
cial basis and first, by the union of the
business men OF Ro;nolle, to advance
the interests of the ity, and secondly,
recognizing that COZ tinued prosperity
can only come through workingmen,
and that to attract and keep
good wurkingnen here, they must
be comfortable and contented, it is
one of the special purposes OF tho orga-
nlzerS OF this assoc ia ton to secure
large subscription to it's stock, and to
add to it from time to time, and by
carefully overseeing the annual expen-
e.ieutSo, W CItabS dS ldrHC
surplus as possible. and with such
surplus to buy ground, and upon it
erect buildings, and either rent the
same at reasonable ron6s, or sell
them at low prices and upon long time
to respectable workmen or other persons.
Third. rho capital stock of said
company SHALL not be less than 1000
five thousand dollars) divided into
shares of el00 each. but may be increased
to 5000 fifty Thousand dollars).
Fourth. In addition to the regular
stockholders, there may be contributing
members who. by tie payment of $40 a
year, snail be entitled to all of the pri-
vilc,-cs Of The association. but shall not
have the right 10 " te for officers, or to
participants i'll any dividends on the
capital stock.
Fifth. The real estate proposed to be
held hy In" association shall not exceed
iiity acres at any one time
Sixth. The chief Office of the associa-
ton shall he in the city Of Roanoke,
whore its principal business will be
conducted.
Seventh. The name and residence of
the officers who shall manage the affairs
of the association for the first year shall
be as follows: president, vicc-prcsident,
board of directors. All of whom shall
reside in the city of Roanoke.