The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1902-04-11

and some few amendments were made,
although there was no radical change
from the general plan of government pro-
posed in the original draft.
The general management Of the prop
erty, business and affairs Of the assccia-
ton is placed in the hands OF the board
Of directors which consists of thirty-sx
Of the stockholders, who, after the ex-
piration of the terms Of the present mem
bers provided for by the articles of in
corporation, shall be elected by the stock
holders The regular meetings of the
board of directors will be held on the
first Monday Of every month at 4 o'clock
p. M, and seven members viii constitute
quorum for the transaction OF business.
Special meetings Of the stockholders
may be called by the beard of directors
upon request in writing from ten stock
holders representing not less Than per
cent of the stock issued and outstanding
1T is provided that the board o. directors
shall have no power to enter into any
contract, the obligation of which shall
exceed by more than $4,000 the amount
of money on hand or subscribed for the
purposes Of the corporation.
The board of directors is required to
present at every annual meeting of the
stockholders 3 full report Of the finances
Of the corporation, and the secretary is
required to make a detailed financial
statement to the board of directors at
each monthly meeting
All Off ?ers of the association will be
elected b. ballot b. the board of direc-
tors.
The board Of directors is empowered
to pay the secretary such salary as 1t
may deem proper.
Trustees of Fund.
Provision is made i the bylaws for a
board to be known as the trustees of
the Coliseum fund" and the following
are named as the members of that board:
II. P. Upham, George c.. Power, F. w
Anderson, Kenneth Clark and ]. w. Lusk
1t is provided that vacancies on the board
shall be filled by election of the board
of directors. The duties and functions of
the board of trustees are defined as fol-
lows:
All subscriptions, donations and con-
tributions paiG in for the purpose of pur-
chasing site and building a Coliseum
shall be held by such trustees Ill trust
for said purposes, and shall be applied
and used solely for the purpose of pur-
chasing said site and building said Coli
cum. All moneys SO subscribed, donated
and contributed shall be held by said
trustees until such time as the board Of
directors shall determine that a sufficient
amount has been subscribed for the pur-
chase of site and the construction of a
suitable Coliseum, provided said amount
snail be subscribed within two years
from the 29th day of May 1902 When
the board of directors shall, by resoIu-
ton, determine that a sufficient amount
has been subscribed for the purchase of
SAID site and the construction Of said
Coliseum, then all of such moneys which
shall then be held by sail trustees or
shall be in their custody or under their
control, and all other moneys thereafter
TO be received by them, shall be paid over
to the treasurer of the corporation to be
used and applied, however, solely for the
purpose of purchasing such site and the
building Of said Coliseum, and for 10 9TH
er purpose.
Money May BE Returned.
If, at the expiration Of said period Of
Two years from the 18th day of May,
1902, in the judgment of two-thirds OF all
the directors a sufficient amount has not
been subscribed, or If at any earlier time
the board by a tWo-thirds vote of all
the directors snail determine that an
amount sufficient for said purposes cam
not be secured, then all amounts paid IN
on subscriptions, donations and contri-
buttons for such purposes and held by
the trustees shall be returned ,by them
to the persons subscribing, donating or
contributing the same, respectively and
all subscriptions made for the purposes
aforesaid shall be Cancelled. A res olution
OF the board of directors Of this corpora-
ton duly adopted by vote of tWo-thir
of all the directors, after the expiration
Of said period of two years, to the eff
feet that sufficient amount for the pur-
chase of said site and the b1i1dinc IF
said Coliseum has not been subscribed,
or a resolution duly adopted by vore of
tWo-thlrdS of all directors of said board
Of directors at any earlier time u the
effect that sufficient amount for the
purchase of said site and the erection of
said Coliseum cannot be secured. sh,II he
sufhclent to authorize said trustees 70 re-
fund.- as above provided, any and all Of
such moneys so paid III.
The meeting was 96lOiJT ned RI Mo,,Io,x
next at 4 p. m.
Additions to Roll of Honor.
The employees of the wholesale house Of
Lindeke, Warner & Schurmeier and w.
L. Perkins & Co. Joined yesterday in the
agreement to give one days wages to the
Coliseum fund. The distribution Of but
tons among the subscribers to the fund is
being carried forU ard as rapidly as pos
sible. and already a large number of these
badges of homer are to be seen.
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