Decorah public opinion. (Decorah, Winneshiek County [Iowa]) 1895-1928, 1899-07-26
ORIGINAL ARTICLES.
ARTICLE /,

| We, Einar Wulfsberg, of Albert Lea State
OF Minnesota, j. D. Jacobson, Of DEBORAH,
State OF Iowa. and Jacob Aal Ottesen of
Utica, State of Wisconsin,, the publishing
committee OF the Norwegian Evangelical
Lutheran Synod of America, and Nils Brandt
and l.. ;. Rogue, both of Decorah in the State
III 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
the name and style of LUTHERAN PUNISH
| ING HOUSE, for the purpose of disseminating
useful knowledge, religious and otherwise,
am an 10 ;n anaa emu earrying on general print,
dealing in books and stationery and such
other business operations as the Corpora ton
may see proper 10 enter upon. The principal
| p ace OF business OF the Corporation shall be
at DEBORAH, in the State of Iowa.
| ARTICLE III.
| The Corporation shall have full power to
s"e ana be sued, To buy and sell real and per-
| sonal property, TO convey by deed and en-
| curnber the same by mortgage or otherwise
ana to make such contracts shall be
| necessary to enable it to carry into opera
lion aud effectuare 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
4 in respect to all the foregoing the same
! powers as private individuals enjoy and SUBJ
Jefe 10 .nv lions ana supervision herein
|
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 ".
| This Corporation is to commence ON the 2nd
| 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 be commenced whenever the persons
holding The title to the real and personal
| property, now used for said Synod for the
| purposes aforesaid, in DEBORAH, Iowa, the
aggregate value OF which is forty thousand
dollars and over, shall convey the same to
t ms Corporation, on receipt OF which the
incurred by such persons in and about the
said property and the business connected
herewith which said debts SO assumed 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 forty-three thousand dollars above pro-
vided Tor, whenever an increase shall be
| made to such Capital Stock, whether by ca rn-
lngs OF the Corporation or otherwise, the
Indebtedness may be increased to an amount
not exceeding two-thrds OF such increase.
ARTICLE V.
The said Corporators and their successors
shall, ex-Officio, constitute the Board of Di-
rectors and have the management ana control
OF the affairs OF the Corporation. Threeh fths
OF said Board shall constitute quorum for
the transaction OF business. The said CorpO-
rafors shall retain their respective positions
as such and as members OF the Board of
Directors for three years and until their sue
cessors are elected and qualified as herein
after provided: The said synod at its meet
ing ned Tor the year A. u: 1881, and tri-
committee consisting of five persons Il
majority of whom shall be citizens OF the
United states and residents Of the State of
Iowa. And when so appointed they shall at
the expiration of the term OF the present
Corp0fatOrs or their successors be ex-OfficiO
members OF this Corporation. Any vacancy
In the Office OF CorporatOr may be filled by
the remaining members of the Corr Grafton,
ana the person so chosen to fill 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,
copyrighted, bought or sold, shall in all re-
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, complete report OF the business of
the Corporation. The said Church Council
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
n IN ~ Roar of "a Hone
be chosen by the said Synod, for term of
three years at the time of the general cleo
ton OF officers OF the Synod. And il 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 TX.
The Board of Directors shall from its own
members appoint a Chairman and Secretary
ana establish bylaws regulating its own order
duties of such Chairman and Secretary 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
of Directors can, without deteriment, be
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 ampe assets for
the payment of all indebtedness contracted,
but not yet due.
ARTICLE XII
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 NIL
These articles of incorporation may be
amended at any time by said Corporators or
IL majority OF them, provided IL shall only |
be done In the manner and pursuant to a |
resolution duly passed by said Synod. And |
IL any such resolution shall be passed by |
said synod IL shall be the duty Of the Cor |
porators to comply Herewith.
+. WULFSBERG
ia. OTTESEN, 1
G. X. PREUS,
N. p. XAVIER,
JOHN HEGG.
STATE OF IOWA, 80
On this Sd day OF July, A. d. 1899, before
me, the Undersigned, Notary Public In and