Articles of Agreement for the Kirtland Safety Society, 2 January 1837

  • Source Note
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ARTICLES OF AGREEMENT.
Minutes of a meeting of the members of the “Kirtland Safety Society,” held on the 2d day of January, 1837.
At a special meeting of the Kirtland Safety Society, two thirds of the members being present, was called to the Chair, and chosen Secretary.
The house was called to order, and the object of the meeting explained by the chairman; which was:
1st. To annul the old constitution, which was adopted by the society, on the 2d day of November, 1836: which was, on motion, by the unanimous voice of the meeting, annulled.
2nd. To adopt Articles of Agreement, by which the Kirtland Safety Society are to be governed.
After much discussion and investigation, the following Preamble and Articles of Agreement were adopted, by the unanimous voice of the meeting.
We, the undersigned subscribers, for the promotion of our temporal interests, and for the better management of our different occupations, which consist in agriculture, mechanical arts, and merchandising; do hereby form ourselves into a firm or company for the before mentioned objects, by the name of the “Kirtland Safety Society Anti-Banking Company,” and for the proper management of said firm, we individually and jointly enter into, and adopt, the following Articles of Agreement.
Art. 1st. The capital stock of said society or firm shall not be less than four millions of dollars; to be divided into shares of fifty dollars each; and may be increased to any amount, at the discretion of the managers.
Art. 2d. The management of said company shall be under the supernintendence of thirty-two managers, to be chosen annually by, and from among the members of the same; each member being entitled to one vote for each [p. 441]
ARTICLES OF AGREEMENT.
Minutes of a meeting of the members of the “Kirtland Safety Society,” held on the 2d day of January, 1837.
At a special meeting of the Kirtland Safety Society, two thirds of the members being present, was called to the Chair, and chosen Secretary.
The house was called to order, and the object of the meeting explained by the chairman; which was:
1st. To annul the old constitution, which was adopted by the society, on the 2d day of November, 1836: which was, on motion, by the unanimous voice of the meeting, annulled.
2nd. To adopt Articles of Agreement, by which the Kirtland Safety Society are to be governed.
After much discussion and investigation, the following Preamble and Articles of Agreement were adopted, by the unanimous voice of the meeting.
We, the undersigned subscribers, for the promotion of our temporal interests, and for the better management of our different occupations, which consist in agriculture, mechanical arts, and merchandising; do hereby form ourselves into a firm or company for the before mentioned objects, by the name of the “Kirtland Safety Society Anti-Banking Company,” and for the proper management of said firm, we individually and jointly enter into, and adopt, the following Articles of Agreement.
Art. 1st. The capital stock of said society or firm shall not be less than four millions of dollars; to be divided into shares of fifty dollars each; and may be increased to any amount, at the discretion of the managers.
Art. 2d. The management of said company shall be under the supernintendence of thirty-two managers, to be chosen annually by, and from among the members of the same; each member being entitled to one vote for each [p. 441]
Page 441