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Constitution of the Kirtland Safety Society, 2 November 1836

Minutes of a meeting of the Stockholders of the Kirtland Safety Society Bank; held on the 2nd day of November, A. D. 1836. When the following preamble and articles were read three times by Orson Hyde

8 Jan. 1805–28 Nov. 1878. Laborer, clerk, storekeeper, teacher, editor, businessman, lawyer, judge. Born at Oxford, New Haven Co., Connecticut. Son of Nathan Hyde and Sally Thorpe. Moved to Derby, New Haven Co., 1812. Moved to Kirtland, Geauga Co., Ohio, ...

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, and unanimously adopted.
We the Stockholders of the Kirtland Safety Society Bank, for the more perfect government and regulation of the same, do ordain and establish the following constitution.
ARTICLE I.
The capital stock of said Bank shall not be less than four millions of dollars; to be divided into shares of fifty dollars each; and may be increased to any amount, at the discretion of the directors.
ARTICLE II.
The management of said Bank shall be under the superintendence of thirty two directors, to be chosen annually by, and from among the Stockholders of the same; each Stockholder being entitled to one vote for each share, which he, she or they may hold in said Bank; and said votes may be given by proxy or in propria persona.
ARTICLE III.
It shall be the duty of said directors when chosen to elect from their number a President, Cashier, and chief Clerk. It shall be the further duty of said directors to meet in the Director’s Room, in said Banking house, on the first Mondays of November and May of each year, at 9 o’clock A. M. to inspect the books of said Bank, and transact such other business as may be deemed necessary.
ARTICLE IV.
It shall be the duty of said directors to choose from among their number six men, who shall meet in the Banking house on Tuesday of each week, at 4 o’clock P. M. to examine all notes presented for discounting, and enquire into, and assist in all matters pertaining to the Bank.
ARTICLE V.
Each director shall receive from the Bank one dollar per day for his services when called together at the semi-annual and annual meetings. The President, Cashier, chief Clerk and the six, the committee of the directors, shall receive a compensation for their services as shall be agreed by the directors at their semi-annual meetings.
ARTICLE VI.
The first election of directors as set forth in the second article, shall take place at the meeting of the Stockholders to adopt this constitution, who shall hold their office until the first Monday of November, 1837 unless removed by death, or misdemeanor, and until others are duly elected. Every annual election of directors shall take place on the first Monday of November of each year.—It shall be the duty of the President, Cashier, and chief Clerk, of said Bank to receive the votes of the Stockholders by ballot, and declare the election.
ARTICLE VII.
The books of the Bank shall be always open for the inspection of the Stockholders.
ARTICLE VIII.
It shall be the duty of the officers of the Bank, to declare a dividend once in six months; which dividend shall be apportioned among the Stockholders, according to the installments by them paid in.
ARTICLE IX.
All persons subscribing stock in said Bank shall pay their first installment at the time of subscribing; and other installments from time to time, as shall be required by the directors.
ARTICLE X.
The directors shall give thirty days notice in some public paper, printed in this county, previous to an installment being paid in. All subscribers residing out of this State, shall be required to pay in half the amount of their subscriptions at the time of subscribing, and the remainder, or such part thereof as shall be required at any time by the directors after thirty days notice.
ARTICLE XI.
The President shall be empowered to call special meetings of the directors, whenever he shall deem it necessary; separate and aside from the annual and semi-annual meetings.
ARTICLE XII.
Two thirds of the directors shall form a quorum to act at the semi-annual meetings; and any number of the six, the committee of the directors, with the officers of the Bank, or any one of them may form a quorum to transact business at the weekly meetings; and in case none of the six are present at the weekly meetings the officers of the Bank must transact the business.
ARTICLE XIII.
The directors shall have power to enact such by-laws as they may deem necessary from time to time, providing they do not infringe upon this constitution.
ARTICLE XIV.
Any article in this constitution may be altered at any time, amended, added unto, or expunged by the vote of two thirds of the Stockholders.
SIDNEY RIGDON

19 Feb. 1793–14 July 1876. Tanner, farmer, minister. Born at St. Clair, Allegheny Co., Pennsylvania. Son of William Rigdon and Nancy Gallaher. Joined United Baptists, ca. 1818. Preached at Warren, Trumbull Co., Ohio, and vicinity, 1819–1821. Married Phebe...

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, Ch’n,
Attest OLIVER COWDERY

3 Oct. 1806–3 Mar. 1850. Clerk, teacher, justice of the peace, lawyer, newspaper editor. Born at Wells, Rutland Co., Vermont. Son of William Cowdery and Rebecca Fuller. Raised Congregationalist. Moved to western New York and clerked at a store, ca. 1825–1828...

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, Cl’k. [p. [1]]
Minutes of a meeting of the Stock holders of the Kirtland Safety Society  Bank; held on the 2nd day of Novem ber, A. D. 1836. When the following  preamble and articles were read three  times by Orson Hyde

8 Jan. 1805–28 Nov. 1878. Laborer, clerk, storekeeper, teacher, editor, businessman, lawyer, judge. Born at Oxford, New Haven Co., Connecticut. Son of Nathan Hyde and Sally Thorpe. Moved to Derby, New Haven Co., 1812. Moved to Kirtland, Geauga Co., Ohio, ...

View Full Bio
, and unanimous ly adopted.
We the Stockholders of the Kirtland  Safety Society Bank, for the more per fect government and regulation of the  same, do ordain and establish the fol lowing constitution.
ARTICLE I.
The capital stock of said Bank shall  not be less than four millions of dol lars; to be divided into shares of fifty  dollars each; and may be increased to  any amount, at the discretion of the  directors.
ARTICLE II.
The management of said Bank shall  be under the superintendence of thirty  two directors, to be chosen annually by,  and from among the Stockholders of  the same; each Stockholder being en titled to one vote for each share, which  he, she or they may hold in said Bank;  and said votes may be given by proxy  or in propria persona.
ARTICLE III.
It shall be the duty of said directors  when chosen to elect from their num ber a President, Cashier, and chief  Clerk. It shall be the further duty of  said directors to meet in the Director’s  Room, in said Banking house, on the  first Mondays of November and May  of each year, at 9 o’clock A. M. to in spect the books of said Bank, and trans act such other business as may be  deemed necessary.
ARTICLE IV.
It shall be the duty of said directors  to cho[o]se from among their number six  men, who shall meet in the Banking  house on Tuesday of each week, at 4  o’clock P. M. to examine all notes pre sented for discounting, and enquire in to, and assist in all matters pertaining  to the Bank.
ARTICLE V.
Each director shall receive from the  Bank one dollar per day for his servi ces when called together at the semi- annual and annual meetings. The Pres ident, Cashier, chief Clerk and the six,  the committee of the directors, shall re ceive a compensation for their services  as shall be agreed by the directors at  their semi-annual meetings.
ARTICLE VI.
The first election of directors as set  forth in the second article, shall take  place at the meeting of the Stockhold ers to adopt this constitution, who shall  hold their office until the first Monday  of November, 1837 unless removed by  death, or misdemeanor, and until others  are duly elected. Every annual election  of directors shall take place on the first  Monday of November of each year.— It shall be the duty of the President,  Cashier, and chief Clerk, of said Bank  to receive the votes of the Stockholders  by ballot, and declare the election.
ARTICLE VII.
The books of the Bank shall be al ways open for the inspection of the  Stockholders.
ARTICLE VIII.
It shall be the duty of the officers of  the Bank, to declare a dividend once  in six months; which dividend shall be  apportioned among the Stockholders,  according to the installments by them  paid in.
ARTICLE IX.
All persons subscribing stock in said  Bank shall pay their first installment at  the time of subscribing; and other in stallments from time to time, as shall  be required by the directors.
ARTICLE X.
The directors shall give thirty days  notice in some public paper, printed in  this county, previous to an installment  being paid in. All subscribers resi ding out of this State, shall be requi red to pay in half the amount of their  subscriptions at the time of subscribing,  and the remainder, or such part there of as shall be required at any time by  the directors after thirty days notice.
ARTICLE XI.
The President shall be empowered  to call special meetings of the directors,  whenever he shall deem it necessary;  separate and aside from the annual  and semi-annual meetings.
ARTICLE XII.
Two thirds of the directors shall  form a quorum to act at the semi-annual  meetings; and any number of the six,  the committee of the directors, with the  officers of the Bank, or any one of  them may form a quorum to transact  business at the weekly meetings; and  in case none of the six are present at  the weekly meetings the officers of the  Bank must transact the business.
ARTICLE XIII.
The directors shall have power to  enact such by-laws as they may deem  necessary from time to time, providing  they do not infringe upon this constitu tion.
ARTICLE XIV.
Any article in this constitution may  be altered at any time, amended, added  unto, or expunged by the vote of two  thirds of the Stockholders.
SIDNEY RIGDON

19 Feb. 1793–14 July 1876. Tanner, farmer, minister. Born at St. Clair, Allegheny Co., Pennsylvania. Son of William Rigdon and Nancy Gallaher. Joined United Baptists, ca. 1818. Preached at Warren, Trumbull Co., Ohio, and vicinity, 1819–1821. Married Phebe...

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, Ch’n,
Attest OLIVER COWDERY

3 Oct. 1806–3 Mar. 1850. Clerk, teacher, justice of the peace, lawyer, newspaper editor. Born at Wells, Rutland Co., Vermont. Son of William Cowdery and Rebecca Fuller. Raised Congregationalist. Moved to western New York and clerked at a store, ca. 1825–1828...

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, Cl’k. [p. [1]]
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Minutes, Kirtland

Located ten miles south of Lake Erie. Settled by 1811. Organized by 1818. Population in 1830 about 55 Latter-day Saints and 1,000 others; in 1838 about 2,000 Saints and 1,200 others; in 1839 about 100 Saints and 1,500 others. Mormon missionaries visited township...

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, OH, 2 Nov. 1836; Latter Day Saints’ Messenger and Advocate, Extra, Dec. 1836. Includes endorsements.

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