Decorah public opinion. (Decorah, Winneshiek County [Iowa]) 1895-1928, 1899-07-12
ORIGINAL ARTICLES.
ARTICLE ].

ARTICLE ].
We, Einar Wulfsberg, of Albert Lea, State
STATE OF Iowa, and Jdcob Aal ottesen, Of
Utica, State Of Wisconsin, the publishing
committee of the Norwegian Evangelical
Lutheran Synod OF America. and Nils Brandt
and l.. 5. Reque, both of Decorah, in the State
~ Iowa, do hereby form ourselves and our
successors the publishing committee of the
said synod, which shall after the election
hereinafter provided Tor, consist of five per-
sons majority OF whom shall be citizens of
the United States and residents of the State
of Iowa, into body corporate under
the name and style of LUTHERAN PUBLISH
ING HOUSE, for the purpose of disseminating
useful knowledge, religious ana otherwise,
AMI 10 that end carrying ON general print
ing, binding end publishing business, and
dealing i'm books and stationery aud such
other business operations as the Coz pOration
may see proper 10 enter upon. The principal
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 and be sued, to buy and sell real and per-
sonal property, TO convey by deed and en-
cumber the same by mortgage or otherwise,
and to make such contracts as shall be
necessary to enable Ii to carry into opera
ton and effectuaie all objects and purposes of
the Corporation as set forth in article one
hereof, including the right to copyright works
of any character, and 10 possess and exercise
in respect to all the foregoing the same
powers as private individuals enjoy, and SUBJ
ject 10 the limitations and supervision herein
after prOvide,, To 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 private property of the members of this
Corporation shall be exempt from liability for
corporate debts.
ARTICLE ".
a'his Corporation is to commence ON the End
day of August, A. d. 1879 and continue for
twenty years with the right of renewal as
provided by law. The Capital Stock will be
one hundred thousand dollars, but business
may he commenced whenever the persons
holding The title to the real and personal
purposes aforesaid, in DEBORAH, Iowa, the
aggregate value of which is forty thousand
dollars and over, shall convey the same to
this Corporation, on receipt of which the
Corporation shall assume the Indebtedness
incurred by such persons in and about the
said property and the business connected
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 forty-three thousand dollars above pro-
vided Tor, whenever an increase shall be
made TO such Capital Stock, whether by earn
lngs OF the Corporation or otherwise, the
may be increased To an amount
not exceeding twO-thirds of such increase.
ARTICLE ".
The said Corporators and their successors
rectors and have the management and control
Of the affairs OF the Corporation. Three-fifths
Of said Board snail constitute quorum for
the transaction OF business. The said CorpO-
rators shall retain their respective positions
as such and as members of the Board of
Directors for. three years and until their sue
after provided. The said Synod at its meet
Ing held for the year A. ID. 1881, and tri-
ennially thereafter, shall appoint publishing
committee consisting OF five persons,
majority of whom shall be citizens of the
United States and residents of the State of
Iowa. And when so appointed they shall at
Corporators or their successors be ex-officio
OF this Corporation. Any vacancy
In the office OF Corporation may be filled by
the remaining members of the Corr Grafton,
and the person so chosen to fill a vacancy
shall hold the position for the unexpired term
Of the person SO vacating.
ARTICLE vi.
of the affairs of the Corpora
ton, including the character of the books.
papers and articles published,
bought or sold, shall in all re-
spects be subject to the supervision ana control
Df 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, complete report of the business of
he Corporation. The said Church Council
and the affairs and books of the
Corporation shall be all times subject to in
'pection by them or any committee appointed
by them.
ARTICLE VIII.
The accounts of the Corporation shall be
audited by Board OF Auditors to |
De chosen by the said Synod, for a term of |
hree years at the time of the general cleo
ion OF officers OF the Synod. And 1t shall be |
he duty OF the said Board OF Auditors TO |
Corporation and transmit the same to the |
,hurch Council.
ARTICLE TX.
The Board of Directors shall from its own |
appoint Chairman and Secretary
md estalish bylaws regulating its own order |
II business and defining the powers and |
lntles OF such Chairman and Secretary and |
BYLAWS shall be 'subjct to revision by the |
aid Synod.
ARTICLE X.
Such actual profits OF the business of the |
corporation as In the Judgment OF the Board |
u Directors can, without deteriment, be |
pared from its business shall be paid over
" them to the Treasurer of the Synod to be
disposed OF as the Synod may direct. But |
his shall be done only after provision has
een made for the payment OF all indebted
less then due and leaving ample assets for
he payment of all indebtedness contracted,
nut not yet due.
ARTICLE XI.
At the dissolution of this CORPORATION.
tier all its debts and liabilities have been
aid and satisfied, the remaining property
he Corporation shall be disposed OF as the
ynod may direct
ARTICLE XII.
These articles OF Incorporation may be
mended at any time by said Corporators or
majority OF them, provided IL shall only
c done In the manner and pursuant TO n
solution duly passed by said Synod. And
any such resolution shall be passed by
nd Synod IL shall be the duty Of the Cor
orators TO comply Herewith.
T.. WULFSBERG,
J.A. OTTESEN,
z. X. PREUS,
N. y. XAVIER,
JOHN HEGG.
si WIss 1s iDW1 County,. ISIS.