The morning call., 1893-03-19
THE NATIVE SONS.
Laying Plans for Securing
Headquarters.
PARLoRs TO INCORPORATE,
The Control of the Property Selected
on Mason Street to Remain
Within the Order.

There was large and enthusiastic gath
ering Of Native Sons in the main room Of
their parlors In the Pioneer BUILDING last
night.
The occasion was the gathering OF the
delegates from the different parlors to con-
slider the proposition of providing head
quarters for the order. There were three
delegates, and in some instances more, from
each pArlor in the order in the city. and
every parlor was represented. None of the
| delegates appointed by the various parlors
was absent.
John A. Steinbach presided over the meet
Ing and a. f. Eberhart acted as secretary.
The proceedings lasted till late hour,
and the various plans presented were
thoroughly discussed. The meeting showed
that the Native Sons are going to have a
general headquarters as soon as possible.
At the meeting it was explained by the
committee on sites and purchase that site
had been secured on Mason street, between
Post and Suffer the lot now being occupied
by Jewish synagogue, and that of the
purchase price of S42 900 deposit of 500, 600
had been made to bind the bargain.
James p. Sweeney, chairman OF the COM
mittee on organization and incorporation.
submitted plan of incorporation for the
| order, the discussion of which occupied the
remaining portion of the session.
According to the plan presented the
Order of Native Sons of the Golden West
incorporate for the purpose of establishing
headquarters for that order. to purchase a
site Tor such headquarters, to erect build
ing suitable to the requirements OF the order
and to hire and let lodgero0ms.
The corporation is to exist for fifty years.
The capital stock of the corporation is to
be 100000. at So share, the amount being
placed at that value 10 enable each member
| of the order, however poor, to obtain at
least one share.
The name of the association is to be the
| HAL Association of the Native Sons OF the
Golden West"
The corporate powers Of the association
are 10 be vested In board of thirty-siX
directors, and majority shall constitute
| quorum. There Will be three directors
| from each parlOr
The directors are TO be elected annually
and each director must be a stakeholder
and member OF the order in good stand
ing, with certificate to that effect signed
by the president and secretary of the par
| Tor of which he is a member.
Each paror owning fifty shares OF the
! capital stock Of the corporation in its own
/ name upon the books shall have the power
| to nominate one director.
All pariors shall have the power to nomi-
nate to nil vacancies in the board Of d.
| rectors, but they must be confirmed by the
board.
At all corporate meetings each stock
| holder, either in person or by proxy, shall
be entitled 10 as many votes as he owns
! shares of stock.
The important point of the articles of in
! corporation is to keep the control of tile
| building and property within the order
1t is provided that shares of the ca pital
| stock of the corporation may at any time be
| transferred, but the transfer shah not be
valid until the same shall have been noted
in tie proper form In the stock ledger and
| the conditions fulfilled.
No sale OF stock shall be made except
upon the condition and agreement that the
| person to whom said stock may be trans
| ferred shall hold the same subject TO the
/ conditions provided In the by-laws: and no
| stock shall be sold or transferred to any
| person not stakeholder of the corporation
! at the time of such sale, unless the same
| shall have been first offered for sale to the
| corporation and then to the stockholders
thereof, and the purchase thereof at the
face value refused by both the corporation
and the stockholders. except by authority OF
a resolution Of the board of directors.
One OF the most important provisions re-
lating to the stock of the corporation reads
as follows:
That There shall be first issue Of 5000
shares OF The capital stock Of this corporation Of
the par value OF 50 per share, and that after said
first issue OF stock has been subscribed for and
u shAli be necessary 10 issue more shares OF
stock the board OF directors shall determine the
amount so 10 be Issued. and this issue shall ntst
be ufe ed for sale TO the psrOrs OF the order of
Natiy- Sons In tile city ana county or san
Francisco, and the balance, If any of such
Issue not subscribed for or unsOld shall
be offered for sale TO the Other parIors
OF said order ana TO individual members
OF the said Order ana The portion OF said issue OF
stock remaining unsOld and not subscribed for
II any. shall be offered for sale to any person
wishing 10 purchase the same; provided how.
ever that In case the majority Of said Issue shall
not have been subscribed for by the Darlors or
members Of lie order the number OF shares Of
Tered Tor sale must not, In any event exceed The
number OF shares sold TO or subscribed by the
parioTs or members OF the said order. and The
same method sbail be pursued In all future issues
OF SAID capital stock until the whole number Of
shares have been sold or subscribed for.
The articles were thoroughly discussed,
and although there were differences OF opin-
ion OH some OF the points advanced the gen.
eral sentiment was In favor of the adoption
Of the rules Of incorporation.