The Health Reform Institute.
Some items of the report of the proceedings of this body, given in another column, may need a word of explanation. It is stated in the Articles of Association that the capital stock is one hundred thousand dollars. This is so stated, because the law obliges the signers of such articles to state a sum which shall be the full limit of their capital stock to be raised by shares. The law allows such corporations to have one hundred thousand dollars; hence it is put at that sum. Again it is said, “The amount of capital stock paid in is seventeen hundred and fifty dollars.” This is the amount paid in by those who signed the Articles of Association, which is all that could there be mentioned, as the law does not recognize any others as stockholders till they are furnished with their certificate of stock from those who first enter into the organization. Certificates will now be issued to all who have paid for shares as fast as the Secretary can find time to issue them. Again it is said, “The term of the existence of said corporation shall be thirty years.” The law under which this organization is formed compels us to specify the term of its continuance. It allows thirty years; hence this period is stated as the term of its continuance, though we hope, ere a third of that period has elapsed, to be forever beyond the necessity of caring for the sick, or promulgating the principles of the Health Reform.