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STOCKHOLDERS' MEETING

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Seventh-day Adventist Missionary Society · Oakland, California · May 5, 1881

FromSigns of the Times, Vol. 7, No. 17.

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STOCKHOLDERS' MEETING.

By W. K. Vickery

IN accordance with notice the sixth annual meeting of the Pacific S. D. A. Publishing Association was held at their business office on Monday, April 25, 1881, at 9:30, A. M.
After adjournment to the church, it was found that sufficient shares were represented by shareholders present and in proxy to enable the meeting to proceed at once to business.
The minutes of last meeting having been read and approved, the following treasurer's report for the past year, was presented:—
Treasurer's Report for the year ending March 31, 1881. RECEIPTS. Cash on hand April 1, 1880 ...............................$ 311 38 Received on— Accounts and Deposits .................................... 194,181 61 Signs of the Times ....................................... 11,821 23 Book Sales, etc........................................... 5,765 64 Printing and Binding...................................... 27,164 71 Cal. Pub. Fund............................................ 1,154 93 Signs Donations........................................... 58 69 Cal. Conf. Fund........................................... 7,896 55 Cal. T. and M. Society.................................... 3,477 97 Type and Material......................................... 2,266 07—$254,098 72 DISBURSEMENTS. Paid out on— Accounts and Deposits.....................................$179,012 24 Stock and Binder's Material............................... 14,183 55 Fuel, Gas, Incidentals, etc............................... 3,896 65 Office Labor ............................................. 26,646 48 Books and Freight......................................... 6,445 68 Real Estate............................................... 3,874 15 Type and Machinery........................................ 6,273 09 Cal. Conf. Fund........................................... 5,754 29 Cal. T. and M. Society.................................... 4,022 01 Exchange ................................................. 31 70 Interest.................................................. 3,237 41 Office Furniture and Fixtures............................. 580 68 Cash on hand.............................................. 187 77—$254,098 72
The meeting was then addressed by the President, Vice-President, and Elder Waggoner on the results of the past year's working.
A committee of three, viz., Wm. Saunders, W. A. Pratt, W. N. Glenn, was appointed to nominate Directors for the ensuing year, after which the meeting adjourned to 2:30 P. M.

AFTERNOON MEETING.

On re-assembling the Committee of Nomination submitted the names of S. N. Haskell, W. C. White, T. M. Chapman, John Morrison, and M. C. Israel, who were unanimously elected as Directors.
Elder Waggoner then offered the following preamble and resolution.
Whereas, We believe there are many persons who have money which they would like to invest in bonds at a low rate of interest, therefore Resolved, That we instruct the Board of Directors to issue bonds on the Publishing Association which shall be secured by Mortgage to Trustees.
After a discussion of the subject by the meeting, the resolution was unanimously adopted.
Elder J. H. Waggoner was elected editor and Elders Andrews, Uriah Smith and Jas. White, corresponding editors of the SIGNS OF THE TIMES.
Elder J. H. Waggoner, S. N. Haskell, and W. C. White were elected as the Publishing Committee for the coming year.
The meeting then closed with prayer. W. K. VICKERY, Sec.