The Vermont watchman. [volume] (Montpelier, Vt.) 1883-1911, 1900-04-04
PROMISING OUTLOOK
For a Successful Business. Flat
tering Results Promised.

The first annual meeting of the stock
holders OF the American Confectionery
Company OF Montpelier and Boston was
held at ten o'clock Tuesday morning in this
city in the rooms in the opera house block
formerly occupied by the Vermont Tele-
phone and Telegraph Company. At this
meeting was represented, either in person
or by proxy, within 1000 shares OF the
stock which had been subscribed and re-
corded within six days previous to the
holding OF this meeting.
The meeting was called to order by Hon.
JOS G. Brown, who had been acting secre-
tary of the preliminary board. He was
elected temporary chairman and Hon.
George W. Wing temporary secretary.
The meeting was throughout most har-
monious and unanimous. Bylaws were
adopted and permission given the board of
directors to issue at such times and in such
amounts additions to the capital stock as is
deemed necessary for the purpose of crea-
ton and expansion.
The company will be represented in the
State OF Delaware, under whose laws 1t is
incorporated by the Corporation Trust
Company of Delaware, the strongest insti-
tuition OF its kind in this country today.
The stockholders voted to create board
OF twelve directors and three auditors, all
OF whom were to be elected from the stock
holders. Seven directors were elected at
this meeting, the balance to be elected by
the present board, or if not elected before,
by the stockholders at their next annual
meeting.
The following directors were elected: w.
A. Lane of Boston, Hon. Joseph G. Brown
of Montpelier. d. B. Provan of Providence,
R. l., Hon. George w. Wing of Montpelier,
Hon. Charles j. Bell of Walden, B. L..
Kent of Burlington and James Virden Of
Dover, Del. The first four named directors
were elected for term Of three years and
the remainder for one year.
The election of board of auditors was
deferred until the next meeting of the
stockholders. This board must be chosen
from and by the stockholders and no Off
Ger of the company can be a member of the
board OF auditors. They are to make an
examination of the acts and books of the
company and report at least once year.
The reason no auditors we're chosen at this
time was that there would be no business
for them to attend to until the close OF the
first fiscal year of the company's business.
AT two o'clock in the afternoon the board
of directors named met in the same rooms
and proceeded to elect the following officers
for the ensuing year: President and gener-
al manager, W. A. Lane; first vice.pres-
ident, Hon. Joseph G. Brown; second vice.
president, ID. B. Provan; secretary and
treasurer, Hon. George w. Wing. W. A.
Lane, Joseph G. Brown and B. L. Kent
were appointed a committee on contracts
and agreements This committee will pro-
coed at once to secure properties that the
company may begin active operations at an
early date.
The directors also voted to offer for pub
lie subscription second block Of stock of
| $4,000 shares on Monday, April 16. at par
value of 81 per share. After that date nc
stock can be secured at fifty cents per
share, as the first block of 10000 shares, Of
fered at this price for promotion purposes
has nearly all been either subscribed for OF
allotted.
The irreproachable character and ability
OF the Vermont directors OF this company
bespeak its solidity and practicability and
also the character in the same line of the
directors from without the borders of the
State. The operations OF the company
promise most fiattering results to those who
have invested with it, as the business ID
conducted along the most conservative
lines.