Decorah public opinion. (Decorah, Winneshiek County [Iowa]) 1895-1928, 1899-07-05
ORIGINAL ARTICLES.



We, Einar wulfsberg, of Albert Lea, state
of Minnesota, j. ID. Jacobson OF DEBORAH,
: ate of Iowa. and jacob Aal Ottesen, of
Utica, state 81 Wisconsin, the publishing
committee of the Norwegian Evangelical
Lutheran Synod of Amerc, and Nils Brandt
and l.. :. Reque, both of becorah, in the state
al Iowa, do hereby fo m ourselves and our
successors the publishing committee of the
said synod, which shall after the election
hereinafter provided tor, consist OF five per-
son. majority OF whom shall be citz-ns Of
the United ates and residents of the State
of Iowa. into body corporate under
the name ana stvle of LUTHERAN PUBLISH
ING HOUSE, for the purpose of disseminating
useful knowledge, religious ann otherwise,
ing, binding and publishing business, and
dealing in books and stationery and such
other business operations as the Cor pOration
place of business of the Corporation shall be
at DEBORAH, in the State of Iowa.
ARTICLE II.
The Corporation shall have full power to
sue ana be sued, to buy and sell real and per-
sonal property, 10 convey by deed and en-
cumber the same by mortgage or otherwise,
and to make such contracts as shall be
necessary to enable il to carry into opera
ton and effectuaIe all objects and purposes of
the Corporation set forth in article one
hereof, including the right to copyright works
OF any character, and TO possess and exercise
in respect TO all the foregoing the same
powers as private individuals ebjOy, and sub
ject To the limitations and supervision herein
after provide, 10 establish bylaws and make
all such rules and regulations as shall be
deemed expedient for the management of the
affairs of the Corporation in accordance with
law and not Incompatible with an honest
purpose.
ARTICLE III.
The pri vate property of the members of this
Corporation shall be exempt from liability for
corporate debts.
L.
This Corporation is To commence Oh the md
day of August, A. D. le79, and continue for
twenty years with the right of renewal as
provided by laN. The Capital Stock will be
one hundred thousand dollars, but business
may be n,m-nced whenever the persons
holding ,he tide t. the real and personal
property, now .sel Tor said Synod Tor the
purposes aforesaid, in Decoran, Iowa, The
aggregate value OF which Is forty thousand
dollars ana over, shall convey the same to
this Corporation, on receipt vf which the
Corporation shall assume the Indebtedness
incurred by such person, in and about the
said property and the business connected
herewith which said debts SO assumel shall
not exceed the sum of twenty-five thousand
dollars. The Corporation shall never have
or create an Indebtedness in excess OF the
sum of twenty-five thousand dollars until
the Capital Stock shall be increased beyond
the iorty-three thousand dollars above pro-
vided Tor, whenever an increase shall be
made TO such Capital Stock, whether by earn
ings OF the Corporation or otherwise, the
Indebtedness may be increased 10 an amount
not exceeding two-thirds OF such increase.
ARTICLE V.
The said Corporators and their SUCCESSORS
shall, ex-ofiicio. constitute the Board of Di-
rectors and have the management ana control
OF the affairs OF the Corporation. Three-fifths
of said Board snail constitute quorum for
the transaction OF business. The said Corpo-
aiors shall retain their respective positions
a such and as members of the Board of
ROY lnrs mr. fhrpa nd thai,.
cessors are elected and qualified as herein
after provided. The said Synod at its meet
ing held for the year A. -. 1881, and tri-
ennially thereafter, shall appoint publishing
committee consisting of five persons, a
majority of whom shall be citizens OF the
United States and residents OF the State OF
the expiration of the term of the present
Corporators or their successors be ex-offcio
members OF this Corporation. Any vacancy
In the office of Corporator may be filled by
the remaining members OF the Corr Grafton
and the person so chosen to I'LL "a vacancy
shall hold the position for the unexpired term
OF the person 50 vacating.
ARTICLE vi.
The said Corporators and Directors in the
management of the affairs of the Corpora
ton, including the character of the books,
magazines, papers and articles published
spects be subject to the supervision ana control
OF the Synod.
ARTICLE VII.
The said Board of Directors shall make and
transmit, through the Church Council of the
said Synod, to the said Synod, once in three
years, and oftener IL required by the said
synod, "A complete report OF the business of
shall constitute the visiting board Of the
Corporation, and the affairs and books OF the
Corporation shall be all times subject TO in
spection by them or any committee appointed
by them.
ARTICLE VIII.
The accounts Of the Corporation shall be
annually audited by a Board OF Auditors to
be chosen by the said synod, for a term OF
three years at the time of the general elec-
ton OF officers OF the Synod. And ii shall be
the duty OF the said Board OF Auditors to
make an annual report of the affairs OF the
Corporation and transmit the same to the
Church Council.
ARTICLE IN.
The Board of Directors shall from its own
members appoint Chairman and Secretary
and establish bylaws regulating its own order
OF business and defining the powers and
other officers OF the Corporation, which said
bylaws shall be subject to revision by the
said Synod.
ARTICLE X.
Such actual profits of the business OF the
Corporation as In the Judgment OF the Board
OF DirectoIs can, without deterlment, De
spared from Its business shall be paid over
by them to the Treasurer Of the synod to be
disposed OF as the Synod may direct. But
this shall be done only after provision has
been made for the payment of all indebted
ness then due, and leaving ample assets for
the payment OF all Indebtedness contracted,
but not yet due.
ARTICLE Nj.
At the dissolution of this Corporation,
after all its debts and Liabilities have been
paid and satisfied, the remaining property
the Corporation shall be disposed OF as the
Synod may direct.
ARTICLE XII.
These articles of Incorporation may be
at any time by said Corporators or
a majority OF them, provided Ii shall only
be done In the manner and pursuant 10 Il
r. solution duly passed by said Synod. And
IL any such resolution shall he passed by
said synod IL shall he the duty Of the Cor
portors To comply herewith
T.. WTLFSBERG,
j. A. OTTESEN,
&. X. PRErS,
". T.. XAVIER,
JOHN HEGG.