Evening star. [volume] (Washington, D.C.) 1854-1972, 1906-03-07
PROPOSED AUDITORIUM
BILL TO INCORPORATE THE COM
PANY INTRODUCED IN SENATE.

A bill TO incorporate the Washington Au-
ditorium Company was introduced in the
Senate today by Mr.. Gallinger, chairman
OF the committee on the District Of Column
bia. Accompanying this bill Is letter from
Commissioner West.
This is the frst definite STEP" Mr.. West
says In his letter. ''in the direction OF build
ing an auditorium in Warrington When
your committee or subcommittee considers
the proposed measure a committee of citi-
zens will be very glad to explain why In
corporation by Congress Is necessary. The
code OF laws OF the District OF Columbia
provides for only two classes Of incorpora-
ton, viz.-commercial organizations, which
are formed to promote business enterprises
and therefore are purely money making in
their object. and charitable, beneficial and
religious organizations, which are In no
sense commercial. The auditorium project
Is not included In either classification 1t
Is public enterprise which may or may
not be financially successful. 1t is impos-
sible to incorporate II under the head of
commercial organization because the law
requires In such cases that all the capital
STOCK snail be subscribed for and one-tenth
paid in before certificate of Incorporation
can be issued by the recorder of deeds
This is manifestly impossible in the case
or the auditorium project inasmuch as SUBJ
cr1ptions cannot be obtained until definite
Ing of citizens recently held In the Column
ola Iheater, over which had the honor to
preside as chairman of the citizens COM
mittee, the action now being pursued was
agreed upon as the best method Of formally
launching the project, and the committee
OF representative citizens will be glad to
appear and at that time urge the passage
of this BILL
Provisions of the Bill.
The bill introduced by Mr. Gallinger to-
day provides for the following incorporat-
ors of the Washington Auditorium Com
pany: Milton K. Allies, Charles J. Bell
Emile Berliner Adds B. Browne, Joseph j.
Darlington, George Dewey. Wilbur L. Da-
wilson. Edward F. Droop. George T. Dun
lop. John Joy Edison. William c. Eustis,
Daniel Fraser, Thomas NJ Gale, Charles c.
Glover, Bernard R. Green, Samuel II.
Greene, George e. Hamilton, Teunis s.
Hamlin. George H. Harries, Christian Heu-
rich, William B. Hibbs, Abraham Lisner
Fred B. Mcclure, John R. Mclean Henry
b. F. Macfarland. John H. Magruder, Levi
F. Norment. George F. oyster, r. Ross
Perry. Duncan C. Phillips. Cuneo H. Ru-
dolph, Isadore Saks. Henry Y. Satterlee. j.
Henry Small, jr.. Thomas w. Smith, Samuel
Spencer, Denis J. Stafford Edward ]. Stell-
wagon, Corcoran Thorn. George Truesdell
Thomas f. Walsh, Henry l.. West and
John NJ. Wilson.
The company is authorized and empow-
cred to acquire by purchase suitable Site
in this city for the erection of a hall or
auditorium designed and constructed for
the holding of conventions, balls, lectures,
concerts, theatrical performances and sci
entific, artistic and all legalized exhibitions,
with the right to lease portions of the build
ing for business purposes.
The capital stock of the company shall
be one million dollars, to consist of 10000
shares of 500 each. II this capital stock
shall be deemed insufficient the directors
may increase it at their option but It shall
not exceed a million and half dollars.
They are given power to sell bonds or bor-
row money and execute mortgages ana
deeds of trust. They may call a meeting
OF subscribers after $500 shares have been
subscribed and may then organize the COM
p&ny. The board Of directors shall hold
office for one year. The officers shall be
elected by the board of directors and shall
be members of the board OF directors.
Shares of stock shall be personal property.
There shall be paid on each share of stock
al the time of subscribing % per cent of It's
par value, and the rest shall be paid for
from time to time whenever called for 10y
the board of directors. Upon default in
the payment of any sum due on sub
scrption 1t may be forfeited and sold for
the payment thereof. The building and
improvements erected for the purposes of
this act shall be exempt from taxation ex-
cept such assessments as may be imposed
for Snecial improvements