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Source: Church History Vol. 2 Chapter 5 Page: 90 (~1837)

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90 "The house was called to order, and the object of the meeting explained by the chairman; which was: First, 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. Second, 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. 1. 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. 2. The management of said company shall be under the superintendence 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 share, which he, she, or they, may hold in said company; and said votes may be given by proxy, or in propria persona.

"Art. 3. It shall be the duty of said managers, when chosen, to elect from their number, a Treasurer and Secretary. It shall be the further duty of said managers to meet in the upper room of the office of said company, on the first Mondays of November and May, of each year, at nine o'clock, a. m., to inspect the books of said company, and transact such other business as may be deemed necessary.

"Art. 4. It shall be the duty of said managers to choose from among their number, seven men, who shall meet in the upper room of said office on Tuesday of each week, at four

(page 90)

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