The Manning times. [volume] (Manning, Clarendon County, S.C.) 1884-current, 1895-04-24
Stockholders Meeting.
Manning, S. c., April is,

In obediance to the call for stock
holders meeting of the Manning Col
legiate Institute, which was duly ad-
vertised and proper notices sent to
each stockholder, said meeting was
held in the court house, in Manning,
on April 18th, 1895.
Mr.. James E. Davis, chairman Of
the board of trustees, called the
meeting to order. In organizing for
the transaction of business Joseph
Rhame. Esq, was elected chairman
and E. J. Browne, secretary. At the
request of the chairman, Maj. A. Levi
stated the objects of the meeting,
namely: to devise some way by
which the Indebtedness of the Insti-
tute could be discharged; to elect
trustees in the place of those whose
terms had expired, and such other
business as might properly come be-
fore the meeting.
before proceeding further, it was
ascertained that majority Of the
stockholders were represented at the
meeting. Of the 40 shares, 267 were
either represented in person or by
proxy. Maj. Levi submitted claim
in favor Of The Bank Of Manning for
($723. .40y seven hundred and twenty
three dollars and forty cents. which
amount he stated was the original
loans together with interest to date.
Mr.. n. Levi submitted a claim for
($79.2T seventy-nine dollars and
twenty-seven cents. The advisa bill
ty Of electing board Of trustees was
discussed at some length. AS there
were no official records, they having
been burned during the fire. and the
members of the old board not know
ing definitely when their terms e1-
pired, the members of the old board
with one exception resigned, in order
that a new board could with legal
propriety be elected. Those who
rendered their designations and
which were accepted were: A.
Levi, D. N. Bradham, B. A.
Walker, Jas. E. Davis, P. B. Mouzon,
and I. I. Bagnal. Mr.. c. J. Lesesne,
having temporarily removed from the
State, his Office as trustee was, on
motion Of Mr.. A. Levi, declared va
cant.
1t was thought best to reduce the
number of trustees, and on motion
of Mr.. a. Levi, the number was fixed
at FIVE and their term of Office two
years. A motion by Mr.. A. Levi to
elect new board was adopted and
resulted in the following members:
Messrs. James E. Davis, D. NJ. Brad
ham, I. I. Bagnal, W. Scott Harvin,
and B. A. Walker.
A motion by Mr.. Applet, that the
secretary notify the new members of
their election and appoint time for
them to meet and organize, was
adopted. The following motion by
Mr.Appelt was unanimously adopted:
Resolved that the trustees of the
Manning Collegiate Institute be in
structed to ascertain by proof the
Indebtedness Of said Institute, and
also be authorized to negotiate a
loan to pay off all the indebtedness
so ascertained, existing against said
institution, and to give a mortgage
of the property, if the sane be neces-
sary, also to include in said loan
enough money to keep said building
insured.
A motion was made by Mr. D. N.
Bradha1n that a committee of three
be appointed to draft a set of bylaws
for the guidance of the board, and
that the chairman, Mr.. Rhame, be
one of said committee and he to ap-
point the others. This was adopted
and the other members appointed
were Mr.. A. Levi and Mr.. I. I. Bag
nal.
a motion by Mr.. Davis that the
secretary Of this meeting be author
lied to turn over the minutes Of this
meeting, after being approved by the
chairman, to the board of trustees,
and also to present copy to The
Bank of Manning, was adopted.
motion to adjourn, subject to the
call of the board of trustees, unless
sooner called together by any num-
Der Of stockholders representing fifty
or more shares, was adopted. There
being no further business, meeting
adjourned. j. F. REAME,
Z. j. BROWN, Chairman.
Sec. Pro Tenn.