The Mankato free press. [volume] (Mankato, Blue Earth County, Minn.) 1879-1924, 1909-05-21
NOW ALL PLAY BALL
ASSOCIATION is SUCCESSFULLY
LAUNCHED LAST NIGHT.
Beard of Directors Selected and They
Will Choose Officers and Manager;
Organization Is to Be Incorporated
Under State Law; Nearly Thou
sand Dollars Worth of Stock Sub
scribed; Enthusiastic Meeting.
From Tuesdays Daily.

FROM tuesdays DdlIy.
These gentlemen make up the first
board of directors of what is to be
known as the Mankato Baseball associa-
ton. This board will elect the officers
of the organization, manager for the
club and have general supervision of
the affairs of the club. The associa-
ton will be incorporated under the laws
of the state of Minnesota and it will
be permanent fixture in the sport
life of this city. The personnel of the
board is evident thatthe associations
affairs will be managed in a business
like manner. Certainly it is that con-
fidence can be reposed in the board by
those vino have already subscribed for
stock and it will be the means of en-
couraging Others to buy stock in the
association. The board will draft a
constitution and bylaws for the gov
eminent of the association.
Enthusiastic Meeting Last Evening.
That is the outline of what was ac-
complished at a meeting of baseball
fans held at the Commercial club rooms
last night. The conference was called
to order by Henry Hance, who has been
one of the prime movers for the or
ganization of ball club. He did not
consider it necessary to state the OBJ
ject of the meeting and asked that
nominations be made for chairman.
Charles L. Taylor, former mayor, was
named and elected unanimously. Mer
rett Cloughlan was elected secretary.
On a motion made by Frank Crandall,
a committee of three, consisting of
Henry Hance, Frank Crandall and A.
w. Spehr was selected by the chair
man to nominate board of ten direc-
tors. This committee reported the
names given above, and the report was
adopted. oH
The question of Incorporation was
discussed A. r. Pau, Jr., explained
the difference between an incorporated
and a partnership body. If Incorporated
stockholders in the association could
be held liable for only double the
amount of their stock. If it were. a
partnership, shareholders could be held
liable for all the debts regardless of the
amount each subscribed.
Favored the Incorporation.
NJ. d. Fancher and NJ. A. Sullivan
and Frank Crandall favored the in
corporation plan. Mr. Fancher and Mr.
Sullivan stated that they much pre-
ferred Incorporating. If it were to be
a partnership affair they would donate
the amount they subscribed and ac-
cept no stock They did not care to
be held liable for any amount beyond
that which they would be under the
incorporation act.
Mr.. Pau was of the opinion that
expenses of incorporation would amount
to about 500.
On motion of Mr.. Sullivan it was
decided to incorporate.
1t was decided that meeting of
the stockholders shall be held within
thirty days after the association was
incorporated
1t was announced that $40 worth
of stock has been subscribed for.
The baseball association starts off
under favorable auspices and with
everybody boosting there ought not to
be any handicap to a successful sea
son of baseball in Mankato.
The directors held meeting this
forenoon at the office of A. r. Pfau
Jr., and organized by electing H. E.
Hance president, NJ. A. Sullivan vice
president, c. /. Olson treasurer, E. V.
Nyquist secretary and Merrett Clough-
Ian business manager.
The articles of Incorporation will be
drawn at once. There is limited
liability in the case of corporation,
each stakeholder being liable only for
twice the amount of his stock, in
case of financial troubles. while in the
case of partnerships there is no limit
to the liability. A meeting of the
board of directors will be held this
evening at A. II. Pau, Jr.'s office
Business principles will guide the
management of the association. If the
receipts from the games fail to pay
the expenses, the club will be disbanded
and the association will cease doing
business. The fans will have to de-
pend upon other clubs to satisfy their