Decorah public opinion. (Decorah, Winneshiek County [Iowa]) 1895-1928, 1899-07-19

| III Iowa, do hereby form ourselves and our
successors ;d the publishing committee OF the
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 and otherwise,
and 10 that end carrying on a general print
! Ing, binding and publishing business, and
dealing in books and stationery and such
other business operations as the Coz poration
place of business OF the Corporation shall be
at DEBORAH, In the State of Iowa.
ARTICLE III.
The Corporation shall have full power to
sue and be sued, to buy and sell real and per-
sonal property, 10 convey by deed and en-
cumber the same by mortgage or otherwise,
| necessary to enable IL 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 TO possess and exercise
in respect to all the foregoing the same
powers as private individuals enjoy, and sub
| after provided, 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 w.
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
TINS Corporation TON on receipt Of which the
incurred by such persons in and about the
said property and the business connected
Herewith which said debts 50 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 iOr whenever an increase shall be
made to such Capital Stock, whether by earn
ings OF the Corporation or otherwise, the
Indebtedness may be increased to an amount
not exceeding two-thirds of such increase.
ARTICLE v.
The said Corporators and their successors
shall, ex-officio, constitute the Board of Di-
rectOrs and have the management and control
OF the affairs of the Corporation. Three-fifths
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
cessors are elected and qualified as herein
after provided. The said Synod at its meet
ing held for the year A. ID. 1881, and tri-
ennially thereafter, shall appoint a publishing
committee consisting of five persons, a
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
Corporators or their successors be ex-Officio
members of this Corporation. Amy vacancy
the remaining members of the Corporation,
and the person so chosen To fill vacancy
shall hold the position for the unexpired term
OF the person so vacating.
PARTICLE 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 anu 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
sspection by them or any committee appointed
by them.
ARTICLE VIII.
The accounts of the Corporation shall be
annually audited by Board OF Auditors to
be chosen by the said Synod, for term of
tion OF officers of the Synod. And 1t shall be
the duty OF the said Board OF Auditors to
make an annual report Of the affairs of the
N - inrn a frat
Church Council.
ARTICLE TX.
The Board of Directors shall from it's own
members appoint "A Chairman and Secretary
and establish bylaws regulating its own order
Of business and defining the powers and
duties OF such Chairman and Secretary and
other officers of the Corporation, which said
bylaws shall be subj, ct 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 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
the payment OF all Indebtedness contracted,
but not yet due.
AT the dissolution of this Corporation,
alter all Its debts and liabilities have been
paid and satisfied, the remaining property
the Corpoation shall be disposed Of as the
Synod may direct
ARTICLE XII.
These articles OF incorporation may be
amended at any time by said Corporators or
a majority OF them, provided IL shall only
be done In the manner and pursuant TO a
resolution duly passed by said Synod. And
If any such resolution shall be passed by
said Synod II shall be the duty Of the Cor |
porators to comply herewith.
Il. WULFSBERG
La. OTTESEN,
G. X. PREUS,
N. p. XAVIER, |
JOHN HEGG.
STATE OF IOWA,
WINNEsHEIK COUNTY. '''
On this I'd day of July, A. ID. 1899, before |
me, the undersigned, a Notary Public In and |
for said county, personally appeared +.
N Il A Otfasan ~ praue