The midland journal. (Rising Sun, Md.) 1885-1947, 1899-04-07
Reorganization of the Agricultural
Society,"


The meeting of the stockholders
of the Cecil County Agricultural
Society, adjourned from February
%, was held in Elkton on Tuesday.
There was quite good attendance
and stock and proxies had been
secured by the promoters of the
new organization to vote nearly
600 shares.
After the meeting had ascer-
tanned that majority of the stock
was present, the following resolu-
tions were offered and passed:
WHEREAS DR.. Chas. NJ. Ellis is the owner of
39S shares of the capital stock of the Cecil County
Agricultural Society and has offered to sell said
shares to the said Society for the sum of three
thousand and nine hundred and eighty dollars;
| therefore
Resolued, That the said shares of stock be pu1-
chased by said Society at the price aforesaid.
Resolced, That the President and Directors of
said Society be and they are hereby authorized
and directed to take the necessary steps to con-
summate said sale and purchase: and, for that
purpose, they are hereby authorized to borrow
the sum of 81 600, on such terms and forsuch time
as they may deem best and to secure the payment
| of said sum to the person or corporation from
whom it may be borrowed by mortgage of the
real estate of said Society, con sising Gifts Fair
Grounds and improvements, situated in or near
| the town of Elkton, in Cecil county. Maryland
and by the transfer or assignment of such other
| assets of the Society as the said President and
Directors may deem advisable.
The resolution was adopted by a
unanimous vote. A resolution was
then submitted and adopted as
follows:
WHEREAS, At meeting of the Stockholders of
the Cecil County Agricultural Society held on the |
ninth day of November, 1897, a resolution was
passed reducing the number of directors of said |
Society from twelve to seven, now therefore be it
Resolved, That said resolution be and the same |
is hereby rescnded.
Resolved, That this meeting now proceed to the |
election OF five directors who, with the seven
directors now acting for said Society shall const
tute the board of directors of said Society until
the next annual meeting of the stockholders of
said Society
The following names were placed
in nomination and voted upon, the
first five being elected: Morris
Dunbar, SIS; Alfred Kirk, SIS;
Thos. b. Miller, $40; George A.
Blake, 56S; Alfred Cameron, $40;
VIM. NJ. Pogue, 81.
The meeting adjourned until
afternoon, when President Geo. S.
Woolley and Secretary and Treas
urer Geo. r. Ash resigned. DIR
Ellis and John S. Writ were elected
in their place. The board as it
now stands consists of Messrs. G.
N. Ellis, John S. Writ, II. G. Nc
Dowell, Manly Bremen, u. Porter
Lusby, w. Arthur Mitchell, Sam'l.
j. Arbuckle, Geo. A. Blake, Thos.
B. Miller, A. B. Cameron, Alfred
Kirk and Morris Dunbar.
The board organized by electing
DR.. Chas. M. Ellis, President; VIM.
ID. Bratton, Secretary; George r.
Ash, Treasurer.
In order to a better understand
ing of the proceedings, it is
necessary to state that DR.. Ellis
was constructively the purchaser
from the Woolley syndicate of 1913
shares, which were necessary to
effect the new organization of the
Agricultural Society. The pur-
chase money paid to the Woolley
syndicate was the funds of the
Building and Loan Association of
Elkton, to which the mortgage on
the property is to be made.
There is question in the minds
of some of the interested parties
whether the transaction was strictly
legal, but if nobody kicks, it will
go. And as the bulk of the shares
will have been bought and owned
by the Society collectively the So
ciety as a corporation will have to
vote its shares through its officers.
This will give the officers Of the
Society absolute control, not only
as directors but at all stockholders
meetings as well, unless some
crooked outsider should take the
matter into court by asking for a
receiver. If everything runs
smoothly and no legal hitch occurs
there will be fair held next Octo-
Der, the first or second week in the
month, when every effort will be
made by the managers to score a
success.
The State donates $500 to the
Fair, which is more than it gives
the Elkton Academy that is open
ten months in the year to instruct
the youth of the county, while the
Fair is open but four days to teach
the farmers-well, we don't know
what.
Remarkable Rescue.