Word: legally
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Dates: during 1900-1909
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...certain legal difficulty is named by the gentleman who objects to the substitute plan; and it was perhaps hardly to be supposed that any one who favored strongly the features of a certain scheme would deem any expense, however slight or for whatever protective purpose, incurred by a substitute plan, "worth while." GORDON IRELAND...
...point in its successful growth where incorporation has become a highly important factor in its beneficial service. I differ from him as to the form the organization of the corporation shall take; for I am convinced that the plan voted by the meeting of November 7 is both legal in its organization and practical in its administration; while I believe that the plan that he proposes is neither proper in law nor workable in operation...
...hardly worth while. The making of these 1600 shareholders trustees for purchasers raises the forbidding prospect of complication upon complication. The 1000 student buyers left out of this plan must, after all rely upon the honor of the 1600 to do the proper thing by them; so that the legal situation in the scheme of Mr. Ireland is on last analysis no better than in the plan voted. Under the plan voted by the meeting of November 7 there is no confusion; there is the old body, the society; there is the new body, the corporation; the position of each...
...maximum probable ticket membership of the Society for any number of years to come. The par value of each share should be the price of a membership ticket at present, one dollar; or, if that be not feasible under the Massachusetts law, as one of the Committee's legal supporters has already tentatively objected, two dollars, which would be sufficient to remove any "small capital" difficulty. One share of stock should belong to each member of the University who should pay the par value decided upon and receive therefore a receipt in terms which should bear the number...
...respectfully submit to the members of the Society that the plan of incorporation proposed by the Committee is not the only possible one. I have presented to you a substitute which is feasible, legal, and democratic: if there are still other forms which keep all of the three boons which we are so earnestly striving to harmonize, let us by all means hear of them publicly, and at once. But if no substitute proposition of this sort is given a place on the incorporation ballets of November 21, the duty to vote against the Committee's plan of incorporation will...