The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1901-12-11
ST. PAUL LYCEUM GO.
CORPORATION WILL BE FORMED
TO BUILD ST. ANTHONY
AUDITORIUM
PROSPECTUS OF PLAN ISSUED
Thirty Thousand Dollars to he
Raised by Popular Subscription
Before April I5-EIaborate
Structure Is Proposed.

The st. Paul Lyceum company yester-
day issued prospectus outlining its
plan for the erection of a music hall
and general woman's building on st. An
thony hill. Among other things the pros
pectuS states:
The need Of an auditorium building,
situated in the residence portion of the
city, and suitable for social gatherings,
and literary, musical and dramatic epter-
tainments. has recently been brought to
public attention and has led to much dis
cuSslon. From this it now seems evident
that the community is ready to fill this
need by supporting an Intelligent and
well considered movement to provide
such building
After full consultation among all the
persons most interested, a. working plan
has been decided upon which it IS be-
Heved will be entirely practicable end ac-
complish the desired result-giving ST.
Paul building centrally located on st.
Anthony hill, that will meet the de-
mands of the organizations requiring a
regular meeting place, and which Will be
available for public and private social
occasions by the opening of another sea-
son.
The scheme is designa1 to distribute
the financial burden of the enterprise as
widely as possible by means of a large
will be formed to be called the St Paul
Lyceum company, to have charge of the
erection and management of the building,
with the following stockholders and di
rectors: Richards Gordon, julie NJ Han
naford, James H. Skinner, H. c. McNair
A. w. Lindeke C. A. Severance, Theo-
dore L. Schurmeier, Charles w. Ames. All
other subscribers for the Lyceum will re-
ce1Ve first mortgage cumulative income
bonds in the amounts of their several
subscriptions. In this manner they will
avoid any possible danger of double liza
bility. The bonds will bear interest at
the rate of per cent per annurn, which
it is thought the Lyceum can pay with
certainty from its earnings over and
above the expenses of operation and
maintenance.
The following is a copy of the subscrip-
ton blank issued with the prospectus:
Whereas, Richards Gordon, julie M.
Hannaford, James III. Skinner, Charles
W. Ames, Albert w. Lindeke, Theodore
l.. Schurmeier, H. C. McNair, and c.. A.
severance, are about to cause to be or-
ganized a corporation under the name Of
the st. Paul Lyceum company, which
corporation will acquire real estate in the
city of st. Paul and erect thereon
building to be used for public auditorium,
hall, club rooms and other literary must
cal and social purposes; and
Whereas, it is proposed to defray a por-
ton of the expense, of acquiring such real
estate and constructing said building, by
the issue and sale of series
of income bonds of the par value
of $100 each, bearing per cent cumula-
tive interest payable out of the net earn
ings Of said corporation, and secured by
mortgage upon the said property
Now, therefore, the undersigned, in
consideration Of the sum of one dollar
and of the other subscriptions made
thereto, do severally agree to and with
the said parties proposing to form such
corporation, and with said corporation
when formed, that they will and Go
hereby subscribe and agree to pay for the
number of said income bonds set opposite
their names respectively, sa.-- payment
to be made in installments of 25 per cent
each upon demand of said corporation at
any time after the issue of
said bonds. Provided, these SUBJ
scriptions shall be void unless bona fide
subscriptions to the extent of $40, coo shall
be made on or before the 18th day of
April 1902