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Source: Church History Vol. 3 Chapter 30 Page: 583 (~1870)

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583 formed by the commissioners who are named in the articles of incorporation; it is therefore necessary that so many of the shareholders as practicable should assemble at the Semiannual Conference at Council Bluffs, Iowa, September 15, 1870, to appoint from among themselves these seven commissioners; for, to a very great extent, the subsequent success of the enterprise will depend upon their integrity and business tact.

"There are already twenty-eight thousand dollars pledged by good men to the capital stock; but it will be far better that there should be one hundred thousand taken by September 1 than any less sum. If this amount be not reached there should not be less than fifty thousand. We hope the saints will come out liberally, and manifest their appreciation of the benefit to accrue to the church from the effort being made. Besides, if there is a large amount to expend for land at the outset, it will forestall the attempts of others to buy land near by to speculate in.

"It is very desirable that the agents, and subscribers where there are no agents, shall be prompt in the transmitting of names of subscribers, the amount subscribed, places of residence, and the amounts paid in; together with the moneys for which receipts will be given. Moneys should be remitted by express, or draft on Chicago or New York; drafts are preferable.

"In no case will less than one third of the amount subscribed be received as payment of installment; but one third, two thirds, or all of it may be paid.

"When the commissioners shall be selected, a committee will be appointed to locate and purchase. When this is done the church will be made acquainted through the Herald with what has been done.

"We feel assured that the committee will be directed in the search for a location by that Spirit which has charge of the affairs of God's people; for this, the prayers and the exercise of the faith of the saints are desired.

"As there can be no stock taken after the organization of the company except they shall make provision therefor, it is quite desirable that all make the effort to take share

(page 583)

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