Word: transaction
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Dates: during 1900-1909
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Another difficulty in the plan of Mr. Ireland is this: It is extremely doubtful whether a by-law would be approved in Massachusetts that provided that less than a majority of all the shareholders of the corporation could transact any business whatever or elect any officers. If that be the law, it would be necessary to get a vote of over 800 upon even routine business or re-elections--an impossibility, it is believed. Under the plan adopted by the meeting of November 7, provision is made that if at a meeting of 100 members properly convened any action...
...cash and on thirty days" and therefore large bills are frequently due. Perhaps he is not aware that out in the real business world "cash" includes payment within thirty or even sixty days. In fact all the directors seem to be under the impression that an organization cannot transact business unless it is under exact legal liability at every point. They forget, or do not know, that modern business is done on credit and not on legal liabilities. A student under age is trusted for luxuries by tradesmen not because he can be sued, but because his honor will cause...
...Athletic Committee accepted his resignation, and Mr. Spalding left for the west last night. No successor will be appointed for some time, and until one is appointed the office will be under the direction of the Athletic Committee. Professor Hollis will have charge of all the funds and will transact the outside business. C. H. Schweppe will have charge of the office...