Word: stocked
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Dates: during 1900-1909
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...forever after the possible number of shares would far outrun the actual membership of the Society. This result is plainly necessary from the figures, for the last eight years, of the increase in the size of the University, the membership of the Society, and its capital stock. Indeed, so far as the number of available shares goes, every person connected with the University might become a member without the payment of any fee whatsoever, within no very distant date. The exclusion of a constantly diminishing number of persons who might wish to join at the present rate for the next...
...order to put the corporation in a safe position to begin business, it is necessary that its capital stock should be $40,000, the present net assets. Under our statutes it is not possible to make the shares less than $25, par; therefore, not more than 1600 shares can be provided for; and as the present membership is about 2600, that would leave about 1000 without any participation in the business whatever, -- no democracy in that result, it would seem. Under the plan adopted by the meeting of November 7, a provision is made for every present ticketholder...
...report for the year to November 1902. There are at present 1095 members. The total amount received for board during the month of October was $13,837.71, showing an increase of $2,048.47 over the amount received for board during October, 1901. There was also an increase in stock during the month of $1,287.98. The total debit for October amounted to $15,319.41, an increase of $1,701.22 over the amount for the same month last year. The amount received from the Summer School restaurant was $481.31, which shows an increase of $157.35 over the corresponding amount...
...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 of the share of stock assigned to him, these numbers to be used as are the membership numbers at present...
...stockholder who wishes to resign his office to be at liberty to do so by transferring his certificate of stock to his fellow stockholders, who shall re-assign it to his successor elected at the next annual meeting of the participating members of the Society...