River Falls journal. [volume] (River Falls, Pierce County, Wis.) 1872-2019, 1895-02-07

it NllpiC dAllOtiltI vi NIOIh 6uD-
scribed for was 239 shares of so
share. G.. w. Pratt subscribed for %
shares, c. Il. Cox and VIM. Powell
each for 20, n. n. and o. 5. Powell
each for 10, Joel Foster for Il, and
Lyman Powell for 10; others took a
smaller number. 1t appears how
ever in the final settlement of March
18th, 1866, that the association was
indebted to G. b. Cox for over $40O to
n. y. & O. 5. Powell Sll5, to G.. W.
Pratt 500, TO VIM. Powell $50 to
Lyman Powell for $40. to S. A. Burr
for $50, TO A. White for $40, pre-
sumably for moneys advanced above
the amount of subscribed stock.
although the records do not indicate
that the whole amount of stock sub
scribed, 1890 was entirely paid into
the treasury.
The first meeting OF the stOckhold-
ers of the River Falls Academy of
which any record can be found was
neld in the public school house on the
Dist day OF July, 1856. G. b. Cox was
chairman and G. w. Cairns secretary
of this meeting. A committee was
appointed to draft constitution and
bylaws, a committee TO examine and
report upon eligible sites. and a
committee TO draft plan for an
Academy building, the cost of which
should not exceed $4,000 nor be less
than $1,000"
At the next meeting, Aug. 4th,
1856, a constitution was adopted, a
site consisting Of the block upon which
the Public School building now stands
was offered by n. n. and O. S. Powell
and accepted. At this meeting nine
trustees were selected, and these sub
sequently selected from their own
number president, Jacob Shepard. a
secretary, g. w. Pratt and treas
urer, c. b. Cox.
This meeting also selected build
ing committee consisting of ID. w.
Currier, G.. w. Pratt, c. b. Cox
and Duncan McGregor. A reso-
luton was also passed directing the
officers of the Board of Trustees to
draft bill for Charter to be sub
mitted TO the legislature at its next
session. The Charter was granted by
the legislature and was approved
March Sd, 1851, under the nance of
the River Falls Academy. The cor
poration should have power TO sue
and be sued, defend and be defended
in all courts of law and equity. The
real estate owned was not to exceed
the value of $4,000: the stock was to
be divided into shares of $40 each and
was to be transferable. The business
was TO be managed by board of nine
trustees, three to be elected annually
after the first election. Each stock
holder was to have one vote for every
share of stock held by him, and a re-
quirement of the Charter made the
trustees elective from the number Of
stockholders. 1t further specified the
powers and duties of the corporation
and its officers TO carry into effect the
intention of the corporators in es-
tablishing and conducting an Acad-
envy for educational purposes. No
religious test or qualification should
DE required of any officer. trustee,
teacher or student in this institution.
The document is signed by ID. w.
Jones, Secretary of State. who APP
ponds this significant note: "fHhe laws
OF 1857 are so poorly enrolled That the
Secretary of State, In Justice 10 him
self, deems it his duty TO call atten-
tion To the same, disclaiming any re-
sponsibility for apparent errors in
copies certified by him.
On the 18th of August. 1856. the
Board of Trustees were called in ses-
sion to consider the bids for building
an Academy. Duncan McGregor
offered to furnish all materials and
finish the building on plan and speci-
fications presented for SO, 100. 5. s.
Ferris of Hudson agreed TO furnish
the materials and complete the build
ing upon the same plans, except the
finishing Of the upper room, for the
sum of SILL The proposition of Mr..
Ferris was accepted, and the building
was erected in accordance with a con-
tract made. The house was completed
as far as the contract of carpenters
were concerned about the 18th of
Noyem Der, 1856.
TO be continued9
Call on r. n. Jensen Tor your cloth
ing. He is selling at cost for ~ days.