The times., 1899-09-19
1 new BONDING COMPANY
Articles Of Incorporation Filed by
Prominent Business Men.
John ID. Wight VIII Resign as Dis
trict Commissioners TO Become
President OF the Institution - Of
1icers VIII BE Elected When Half
the Stock Has Been Subscribed.

Articles Incorporating the National
Bonding Company OF Washington were put
on record yesterday. The document states
that II is in conformity with the provisions
OF sAn act to provide for the incorporation
of trust, loan. mortgage. and certain other
corporations within the District OF Colum-
bia," approved October ], 1890. The pur-
pose OF the organization is stated TO be. to
perform all the rights, privileges. powers
and duties conferred by the act, upon cor
poratiOns. The Incorporation is for a term
Of fifty years, and the capital stock is
slo0o.00o divided into 10000 shares Of 500
each.
The incorporators Of the company are
the following: Charles ]. Bell, John JOY
Edison, William S. Thompson. Hilary A.
Herbert. James E. Fitch. George TruesdelI,
Charles c. Duncanson. John b. Larner,
John +. wilkins James II Johnson, Theo-
dore W Moves. George W. Brown, Thomas
r. Jones, Edward J. Stellwsgen. Adds 3.
Browne, Alexander Brilon, E. s John
son. John Cassels. James L. Norris. s. II.
Kaufman. Myron NJ. Parker, Samuel
Bieber, Lemon G. Hine. James G. Payne,
John E. Herrell, Henry f. Blount. Clarence
F. Norment, Joseph f. Willard. Albert A.
Wilson, John Cammack. George T. Dunlop.
II. Hurt Henry K Willard. George W.
Moss, and William p. Van wickle.
The affairs OF the company are to be
managed by John B. Wight, as president,
with William S Thompson. Vice President; /;
James E. Fitch. Treasurer. and John b.
Larner, Secretary. Messrs. Herbert and
Mlrnn 4
Brftton and Gray and John B. Larner as
associate counsel
The new company has yet to submit its
subscription list to the Comptroller of the
Currency for approval, and to obtain per-
mission from the Commissioners of the
District TO engage In business before it
becomes a full-hedged corporation. 1t is
stated by the incorporators that the sub
scrlptions are being received in large
amounts and that the stock that will be
allowed TO residents Of the District is now
nearly all taken. The law provides that
the proposed officers of the company are
elected when a subscription TO half the
capital stock has been made Under this
rule. il is said that President Wight and
-he other officers may now be considered
elected.
Further steps viii not be taken 10 begin
business until some time early in October,
when a number of the important projec-
tors OF the company now away from the
city have returned. The local directors of
the company, who are TO be sixteen in
number, viii then be elected by the stock
holders. and these gentlemen will in turn
elect fourteen outside directors among
prominent financial men in other cities
Several bankers and others in the larger
cities have already expressed their desire
to join the company.
District Commissioner Wight will re-
sign his position when he is formally
made president of the new company. He
has already spoken TO the President Tela-
tive 10 the matter, but it is understood
that he has not formally rendered his re-
signation 10 take effect at any specified
time.