Word: voting
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Dates: during 1900-1909
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...powers of the stockholders are: (1) that they shall make no personal profit as stockholders, and (2) that they shall divide profits each year into dividends and capital, the relative amounts of each being, however, as the Directors determine. The members cannot be sure then that, if they vote away their control, the present method of management will last for more than a day. It is not proposed to have the Directors chosen as before as was stated yesterday. The power of choosing Directors is to be taken away from the members and given to the stockholders. If the stockholders...
...plan appear to be apprehensive of, has never occurred and could not occur under our present system because few of the members of the Board of Directors are chosen in one year, and three of the Faculty are permanent members. It is to be hoped that the vote on the present plan will show that the members of the Society do take an interest in its affairs...
...been contended that my position is in conflict with the vote of the Society at its last annual meeting; and it is on this ground that the majority of the Board have refused to allow a minority report to be printed and sent to each member of the Society as the majority report will. Even if this is true all the members of the Society as well as the few who attended the last annual meeting should examine thoroughly the proposed plan and see what it means before depositing a vote in favor of it. It means a Co-operative...
...accordance with this vote, the Directors recommend that the Society apply for a charter under the statutes of Massachusetts. If the recommendation be adopted, the stock will be issued by the present Board of Directors to five stockholders; the present organization will thereupon cease to exist. Certain conditions are specified for acceptance of stock: That the stockholders shall make no personal profit; and they shall provide for the addition each year to the capital stock of a portion of the profits and for the distribution of the rest of the profits to the ticket-holders of the Society. The transfers...
...There are no meetings of the whole Society, as in the past. But it is provided that on request of fifty ticket holders or by vote of the directors, a special meeting of the stockholders shall be called...