Evening star. [volume] (Washington, D.C.) 1854-1972, 1906-01-31
THE COMMITTEE MEETS
A Strong Recommendation Will Ac.,
company Measure.
THE LIST OF INC0RPoRAToRs
commissioner West Selecting Names
OF Those Who Will Be Invited
to Join Project.

An important step In the matter OF mo
proposed Washington auditorium was taken
yesterday, when. at a meeting of the ex.
ecutive committee in the Office of Treasurer
I. - Glover in the Riggs National BANK.
the form OF a bill TO Incorporate the WASH
ihgton Auditorium Company was approved
ana ordered TO be transnifrryc TO Congress
Win a strong recommendation for tho
necessary enactment. Among those prss-
ent at the meeting, besides Commissioner
Henry l.. West, who, as chairman. pre.
sideu, were c. C. Glover, George e. Ham
inon, a. b. Browne and Gen. John ~.
Wilson
II was stated that a special act OF Con-
gress' incorporating the auditorium com
pany' was necessary. because the District
laws provide only for the Incorporation or
companies Intending TO conduct business or
charitable or benevolent enterprises.
Chairman West was instructed to pre-
pare list OF repI esentative citizens wac
VIII be invited to become incorporators or
the company. this list to include. besides
NUMBER OF Washingtonians, the names
OF many men prominent in other cities ana
munieipaiities-this being deemed neces-
sary In order to preserve the national char
acter of the enterprise.
Inc proposed bin. as drafted was consId.
| cred carefully by the committee and with a
I
requires only the addition of the names OF
the incorporators before being presented
simultaneously In both houses of Congress
The extent of the enterprise and the pur-
poses of the Washington Auditorium Com
pany are probably best explained by tho
provisions of the proposed bill. which. az
adopted by the committee, reads as follows:
Provisions of Bill.
''Be 1t enacted by the Senate and House
or Representatives OF the United States OF
America N Congress assembled, that On
corporators yet to be named) their sue
cessors and each of their assigns be. and
they are hereby. created body corporate
and polite by the name and style of the
| Washington Auditorium Company. and by
that name shall have perpetual succession
and shall be able to sue and be sued, TO
plead and be mpleaded to defend and to he
defended in all courts OF law and equity
| and may make and use a common seal or
| dain and establish such bylaws ordinances
| and regulations. not inconsistent with tho
| act or with the laws of the United States.
| as may be necessary and proper for tho
| management of the concerns of said COM
pany.
Sec. q That said company is hereby au-
| thorized and empowered to acquire by pur-
chase a suitable site within the city OF
Washington. and to erect thereon. maintain
and conduct. hall or auditorium. designed
and constructed for the holding of conven-
tons, balls lectures, concerts, theatrical
performances. and scientific artistic ana
all legalized exhibitions, with the right 10
lease portions of said buildings for business
| purposes
| Sec. 8. That the capital stock OF said
| company shall be $1,000 600. and sh1ll con-
| sist of f,00o shares of S1o0 each. That IL
| the capital stock of said company shall be
| deemed insufficient to accomplish the pur-
| poses of this act 1t shall and may be law
| full for the directors Of said company, or a
majority IF them from time to time e thi
| crease said capital stock by the addition
of as many shares as may be deemed neces-
| sary, for which they may at their option
| cause subscriptions to be received in tho
manner prescribed by them, or may sell ths
| best and highest PRICES. preference being
given to the stockholders then OF record
| provided, however, that the total capital
! stock OF this company shall at no time ex-
| coed 81 800 coo; and the directors, or a ma
| jority of them, shall have power to ISSUE
| and sell bonds, or borrow money. and exc
| cute mortgages and deeds of trust upon It's
property and franchises. as may be neces-
sary to carry out the provisions of this act.
The Subscriptions,
Section 1. That the persons hereinbefore
named. or a majority Of them. shaIl,o the
approval Of this act, open books and re-
ceive subscriptions for such capital stock
at such time times and place or places,
as they shall deem proper. and may APP
point persons to superintend the receiving
of subscriptions and to receive money pay
able thereon: may call a meeting OF sub
scribers at such time or place, and with
such notice. they shall deem proper, after
twenty-five hundred shares of the capital
stock aforesaid snail be subscribed, and
may do all other acts necessary and proper
to constitute and organize the said COM
pany until the first board OF directors shall
be elected including the power in person,
or through persons appointed by them. or
majority of them, to superintend, conduct
and certify such election.
Section x That at the meeting of sub
scribers to be called, as aforesaid or ii any
meeting called by adjournment thereof from
time to time, there shall be elected a board
OF twenty-five directors. and from time OF
said election the said company SHAH Is
completely organized and constituted. with
all the facilities, rights and privileges here
in given, or which lawfully belong 10 cor
pora tions generally, so far as the same
may be necessary for the purposes or It's
incorporation The board of directors shall
hold office for one year. and until their sue
cessors shall be elected in regular meeting.
Der as may be fixed by the bylaws, and the
other officers which may by such bylaws
be provided, shall be elected by the board
of directors, and the president and vice
Of directors.
Shares of Stock.
section G. That the shares OF stock shall
he personal property 10 all intents. Ger
tifcates thereof shall be issued In such form
as the board OF directors may subscribe.
and may be transferred in such manner as
the bylaws may prescribe but no share
shall be transferred until all calls or assess
ments previously made thereon shall bs
paid up
section O. There shall be paid on each
share of stock at the time Of subscribing y
per cent Of its PAR value, and the residue
shall be paid from time to time whenever
assessed or called for by the board OF direc-
tors. Upon default in payment Of any sum
due on any subscription the stock may be
forfeited and sold for the payment thereof,
with interest and expenses. under such
regulations as the bylaws may prescribe,
or the campany may by suit recover the
same from the holder OF the stock al the
time of the assessment thereof. or at any
subsequent time
section T. The building and Improve
nents erected for this act shall be exempt
from assessment and taxation, except such
assessments as may be imposed for special
improvements.
time, having due regard for the rights OF