The Montgomery advertiser., 1906-03-07
BUSINESS MEN MAKE
 READY FOR STATE FAIR

a report on the results which had been made to enlist the support of several of the larger stockholdtrs. He report ed that a letter had been sent to the headquarters Of tho Montgomery Trac- ton Company. urging them to increase their stock of 2,5o0 shares. Owing to the absence from the city of number of the officers of that company no defrite reply had been received, al- though it had beer, intimatei that the Traction Company is heartily In sym pathy with the movement. and would do all 1t could to further the State Fair project.
 A number of speeches followed Mir Ragland's report, all championing the formation of a State Fair organization, and it was at this point that Mir. Griel made his motion to proceed with the formation of the corporation. Before this motion was seconded, however, Major Steiner's motion to have com mittee of five appointed, to report on. articles of incorporation, and to name the officers for the same, was made, seconded and carried. The chairman appointed the following committee: R. E. Steiner, H. c. Davidson. secretary of | the last state fair organization in Mont gomery, M. l.. GrieL F. P. Glass and R. 1 R. Poole. A ten minutes recess was taken until the committee should be | ready to submit its report,
 Articles of Incorporation. The articles of incorporation as re- | ported by R. E. Steiner as chairman of l the committee of five provide that the new organization shall be known as The Alabama Agricultural Association, the principal office of which shall be in Montgomery. The objects of the as- sociation as set forth in the report are: To conduct State Fair In the County of Montgomery, Alabama. or elsewhere, as the Board of Directors may decide; | to promote the raising of live stock and poultry; to promote the science of ag- riculture; to own and operate a track | for horse shows. matinee driving and other racing; to sell and dispose of all \ privileges, as is usual in a State Fair: to charge admission to the exhibitions; | to own real estate and personal pro- perty as may be necessary in the opera tion of it's business; to borrow money and execute notes and mortgages there for; to buy and to sell and do all things l that may be usual or necessary in the conduct of its business, and generally to have all the powers and authority | incident, or that may be usual or neces- sary in connection with an exposition.
 The total authorized capital is $t00. 000. divided into 10000 shares of the par value of s10 each. The corpora | tfon will begin with q paid in capital of $50,000. consisting solely of common stock, fully paid and non -assessable lThe duration of the corporation and its I charter shall be perpetual.
 | Regarding the organization of the Icnfporation, the charter included that there should be a. President, nine Vice Presidents, one from each Congression- al district q Secretary and Treasurer, a board of directors, a General Mana ger and an Executive Committee of | twelve.
 The Board of Directors of which ten shall constitute quorum are to have general supervision over the affairs of the corporation, and no statement of the powers or authority of the eorpo- ration Is to be considered as limita- tion of it's authority.
 The Executive Committee is to con- sist of twelve selected from the Board ] of Directors. appointed by the Presi- dent, subject to the approval of the board. It's function is 70 hold supervi- sion over the affairs of the associa- tion, when the board Is not in session. Five of the committee will constitute a quorum.
 Vacancies in tho Board of Directors are to be selected by the members of the board, while vacancies in the Ex- I ecutive Committee are 10 be appointed by the President. The appointment of a General Manager Is also within the ,. province of the President, subject only to the approval of the board.
 The List of Omcers.
 The committee then read the follow ing list of officers, which were unani- mously elected moment later when the report on the charter was adopted:
 President w F. Vandiver.
 Vice Presidents, Governor w. D. Jelks, W. NJ. Teague, R. R. Poole, and w r. Garth. Five vacancies were left | 1f be filled later.
 Secretary, J. c. Adams.
 Treasurer, R. O. Blakey.
 Directors, W. Nj! Teague. M, B.
 Houghton, R. R. Poole, R. Tillis. J. E.
 Hickey. M P. LeGrand, w. K. PeiI-
 ger, John c. Crommelin, M. .. Scott.
 E. M. Dimon. W. F. Vandiver, H. ..
 Davidson. B. L. Holt, R, E. steiner,
 W. D. Judge. w. H. Ragland, M l..
 Greil. F. P. Glass, William Francis.F. B, I Fiske, A. G. Forbes, z. J. Reynolds, W. D.
 Westcott, Henry Abraham. Horace
 Hood, Alex Rice. R, O. Blakey, R. J.
 Chambers, S Gassenheimer. R. H.
 Jones. John A. Yung. F. R. Taber,
 George W. Jones. w. H. Seymour w.
 H. Vaughn, J. B. Gaston. J. A: Sellers,
 w. M. Wilkerson. A. M. Baldwin. J. y,
 Adams, w. C. Webber. John W. Tullls
 Jr.. B. s. Greil. F. D. Kohn. NJ. Cody.
 W. A. Gayle, J, M. Kennedy w. T.
 Robertson, Massey Wilson, w. N. Cox.
 all of Montgomery; Mcqueen Smith
 of Prattville; r. A. Gulledge, of Yer
 bena; l.. Fl. McCurdy of 4-owndesboro: . and John B. Ward of Abbeville. Six vacancies were left on the board for
 future election
 Secretary Adams was named as the
 agent, designated by the incorporators
 to receive subscriptions to the capital stock of the company.
 The report also included more than
 26O names of those who have supscrin-
 ed for stock of the Association. The amounts subscribed by these. and the additional amounts subscribed at the
 meeting. as has been stated, amounted
 to $44.950.
 This stock. the report provided, is to be paid for, one-half immediately and the other at the call of the Board
 of Directors.
 To Interest Whole state. } Before the report was voted upon |. was explained by the framers of tho articles of incorporation that although owing to the fact that the movement
 lad originated in this city. a large ma.
 jcrity of the Board of Directors arc residents of Montgomery, 1t was tho in. 2 tention that in other years, stockhold l CTS from other parts of the State woult receive greater recognition in the man aRement of the Association. The cleo. [ tion next year, it was stated. would l doubtless be of a more general nature the directors as the stock of the com. many is taken up by other people iron other parts of the State, being select ed from the varios sections of tho State.
 When the report of the comittee wa, 3 put before the meeting, motion was l Jc ny Nahar1 Grail that if he adODt