Proceedings of the Academy of Science and Letters of Sioux City, Iowa Volume 1

Proceedings of the Academy of Science and Letters of Sioux City, Iowa Volume 1

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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1903 edition. Excerpt: ...and to erect the necessary edifices for schools, colleges and temples." The capital was to be $10,000.00 to be increased indefinitely. The funds of the corporation were to be the individual property of Chas. B. Thompson and he to be the manager and director of the business. Any person who wanted, whether a member of Jehovah's Presbytery or not, could contribute to the funds by gift oblations, tythings or sacrifices; but such donations can never return to donors nor were they to be entitled to any pecuniary remuneration therefor, but must abide the final issue of the Work of Jehovah's Presbytery of Zion for their reward." The other corporation, the "House of Ephriam," was composed of members of Jehovah's Presbytery of Zion; its capital stock was $6,000.00 in shares of $5.00 each, which might be indefinitely increased, and certificates of stock were to be issued. Its purpose was to carry on farming, milling and mechanical business. Its affairs were to be managed by Chas. B. Thompson, and from one to seven patriarchs appointed by him, and Thompson for his compensation was to receive one-tenth of the annual increase of its capital stock. Dividends of the annual increase could only be drawn by the shareholders in case of their actual need thereof for the necessaries of life. All persons, whether Jew, Gentile or Ephriamites, who should pay into his other corporation, "The Sacred Treasury of J ehovah's Presbytery of Zion," one-fifth of all their worldly possessions should be eligible to take stock in this House of Ephriam to the amount of all their remaining surplus property. Thompson had blank bills of sale printed with blank spaces for the enumeration of horses, cattle, sheep, swine, ...show more

Product details

  • Paperback | 64 pages
  • 189 x 246 x 3mm | 132g
  • Rarebooksclub.com
  • United States
  • English
  • black & white illustrations
  • 1236838149
  • 9781236838148