The Montgomery advertiser., 1909-02-08
MR. DAVE TAKES UP
 WORK OF CONGRESS

land Is located at the north-east cor
 ner of Fifteenth and H streets In Wash- linEton. D. C.; 1t Is bounded on the the
 Fifteenth Street and on the north by an
 alley twenty feet wide. running from
 Fifteenth to Fourteenth Street. and it
 measures 15o feet on Fifteenth Street plat containing about s2.5oo square feet. Street from the shoreham Hotel, dIa- Eonally aoross from . the Unsen a Trust ,st latest and most beautiful private of flee building in Washington. and af- rectly. across H Street from George Washington University building; 1t Is Slft.sasS Sas eSk strest iosassd as tss sop of the White House. t Is on one car line and within . block of the. other car ideal site for such . building. l.. ..P1sn of 0rganisetfon-
 In order to carry out the purposes above outlined. the following plan of is arrsnss.,oa sSsgsssss of on. stock company. to be known as Com
 merlcal Congress- Company unders the laws of the District of Columbia.
 This sos s to hsss d SsPss ot .sSSs than y5.ooo. 900. the. amount of such capital to be varied between these limits as the stockholders or the Board |of Directors may decide, such joint nary powers of joint stock companies. and this joint stock company to hold the title to the real estate to be pur- chased as above outlined and to own and control the building proposed to be erected: the Directors of such joint stock company to be not less than nine nor more than thirty in number. and these Directors to have charge of the business affairs and management of the
 Tiis Southern Commercial Congress will be the holding and investing end of the proposed plan. The stock or this company will be issued and held low. RS 2 S0ara or trustees as 's' 'u' '' z.. .southern Commercial Congress. The Southern Commercial Congress will be .an unincorporated. voluntary association. organized for the purposes set out in the first part of this paper: it will be under the control and direc- ton of Board of Governors, consist ing of not less than nine nor more than nors viii be elected by the Southern Commercial Congress at its annual meeting. to be held every year in the City of Washington. The Board of Governors as stated. wili-consist of not less than nine nor more than thirty members. but the annual meeting win first elect the President and Vice.
 Presidents who will be inc facto mem- bers of the Board. and then will elect the balance of the Board.
 This Board of Governors will be a structions of the southern commer- cial Congress and to direct and carry
 a.. Beara es Trussees.
 The Board of Governors of the South ern Commercial Congress will be or- ganised and created . Board of Trus- the tse' said Io soars ra of Trustees sSali % hold and vote the stock of the Southern
 Commercial Congress Company ths( joint stock company above mentioned) the stock of the southern Commercial Congress Company. paying it over to 4le officers of the Southern Commercial Congress as the beneficial holders of said stock. that is to say. the Board ciaI Congress. the unincorporated vol. untary association. and their success aors in, ofdce. will be created also . Board of Trustees to hold the title to Congress Company. to receive the di- viIends and profits derived therefrom, to turn over such dividends and pro- fits to tho proper officers of the South Ter Commercial Congress, an unincor- pofated association. and to i'll any vacancies in their own body, created by death or resignation, until the next election of the Board of Governors of the Southern Commercial Congress. when such. newly elected Board of Governors of the Southern Commercial
 Congress shall inpsfacto and be the members Of such Board of Trustees.
 Generaa Reaalta. e In consequence. there will be body of men. not less than nine nor more
 than thirty in number, who will hold
 the following positions;
 Eouthern Commercial Congress Com pany, @ joint stock company organ ized under the laws of the District of
 3iI SSiidinE and nS'o rssl estate s above de. de. scribed and holding the title to any
 other investments made for the pur- poses above indicated. As. Board of
 they win have the usual and ordinary powers of such c board, and will havI
 full authority to handle all its business and funds.
 Second: The same body of men will constitute the officers and Board ot Governors of the Southern Commercial Congress-, an unincorporatod voluntary
 association. and as such will have en- agement of its affairs and the expen-
 allure of it's funds.
 Third: The same body of men will cd under an agreement by which the said Trustees should hold the stock of the Southern Commercial Congress
 Company for the benefits of the South.
 ern Commercial Congress. the unin- 1 corporated association, and would also hold the title to any other securities or the stock of any other companies | in which the funds contributed for the purposes of the Southern Commercial Congress might be invested.
 Method of Operation.
 In consequence, the Southern Conn
 niercial Congress will annually elect ional parties, who would constitute l the Board of Governors of the South
 ern Commercial Congress. The re- tiring Board of Governors of the
 inso. facto. would be trustees for the purpose of voting the stock of the Southern Commercial Congress Com pany, would be compelled, under the
 trustees. to vote the stock of the
 Southern Commercial Congress Com pany in favor of the election of the l parties selected at the annual meet
 Ing of the Southern Commercial Con. l gress as the ofneers and directors o1 I the Southern Commercial Congress Company, the joint stock company. | It consequence, the men elected at the | annual meeting of the Southern Com- associat ton, would become immediate 1 ly the officers and Governors of the Southern Commercial Congress, would | be elected immediately the officers and l directors of the Southern Commercial Congress Company, and would. under l the terms of the trust agreement, be-
 como the Board of Trustees to hold 1 the stock of the Southern Commercial Congress Company for the benefit of
 and to hold any other investments | likewise for it's benefit. The Presi- dent of the Southern Commercial Con- gress would likewise be President of ~ 1aT