The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1909-12-07
ON A new BASIS.
Plau of Reorganization of Fair
Association Adopted.
Capital Stock to Be Increased
by Degrees.
WILL BE 100000.
BE 100000,
Name of Corporation Changed to
Kansas Fair Association.
Old Stockholders Are Well Rep
resented at Meeting.

At the annual meeting of the Kan
sas Exposition company held last
night in the quarters of the CONNER
cial club it was unanimously decided
to reorganize the association under
the name of the Kansas State Fair
association.
A committee of five composed of
John Dawson, w. c.. Stephenson. N.
B. Burge, J. Will Kelly and Samuel E.
Lux which was appointed by the ad-
visory committee of sixteen, made the
following report which was drawn up
and read before the meeting by John
Dawson:
This subcommittee met and ex-
amined the law pertaining to the
amendment of the charter of the ex-
listing State Fair corporation and
finds that the amendment, raising the
capital stock from $15, 900 to $500. 900
at one time cannot be accomplished
because the statute limits the in
crease of capital stock at one time to
three times the existing capital, ex-
cept in cases where the desired in
crease is already subscribed and paid
into the treasury. We recommend,
therefore, that the charter of the ex-
listing corporation should be amend
ed by raising the capital stock from
$15,0 900 to $45,000, to be followed by
another amendment within few
days, at the convenience Of the par
ties interested, authorizing another
increase in the capital stock to $685.
600, to be followed, within few
days thereafter. by another amend
ment to the charter, raising the cap
ita1 stock to 100000.
Your committee found that there
is on record with the secretary of
state a corporation known as the
Kansas State Fair association which
was the old corporation of thirty
years ago which maintained state
fair here in Topeka for many years
Your committee also found that the
corporate name of this old Topeka
commercial State Fair association
has been procured by John Dawson.
member of the club for the benefit
of the new reorganized company, so
that it may adopt the name of the
old Kansas State Fair association of
thirty years ago.
we further suggest that the COM
mittee request the present State Fair
association to postpone and defer the
election of the new officers on Mon
day night, December 9Th by recess
or adjournment to DAY certain,
which day shall be specified on Mon
day night. and that such other ad-
Journments may be had as may be
necessary to perfect the new organiza-
ton and to preserve the powers al
ready conferred in the proxies.
1--WE further advise that the COM
mittee of fifteen suggest to the stock
holders meeting ON Monday night
that they make application to the
state charter board to change the
name of the corporation to the kan
sas State Fair association"
The report was unanimously adopted
after the word adjournment had been
stricken out.
The report is self explanatory and
represents the business transacted last
night.
There were 256 shares of stock repre-
sented at the meeting either personally
by the stockholders or by proxy, 2S5
shares being necessary to make a two
thirds majority. The stockholders pres
ent decided to take a recess until
Thursday noon at the noon hour when
further business in connection with the
reorganization will be transacted Sam
uel E. LUX, president of the State Far
association, presided at the meeting
held last night.