Annual Report of the Seventh-day Adventist Publishing Association.
ACCORDING to resolution and previous notice, the third annual meeting of the Seventh-day Adventist Publishing Association was held in the city of Battle Creek, Michigan, commencing sixth-day, Oct. 2, 1863, at 9 o'clock A. M. President absent. Vice President in the chair. Meeting opened with prayer by Eld. John Byington. The roll was then called. Adjourned to meet again at 2 o'clock P. M. Afternoon session. Meeting opened with prayer by Eld. Joseph Bates. The roll was again called, after which the Auditor presented the following report: THIRD ANNUAL REPORT OF THE AUDITOR OF THE S. D. A. PUBLISHING ASSOCIATION.
This is to certify that I have examined the books of the Association, and find the accounts correctly kept, showing the following results: Received for shares in Association, $1859.00. " donations to Association, 1010.54. " " Mich. Conf. Fund, 1862.96. " " Missionary Fund, 411.59. " " Mich. Tent Fund, 74.50. " " Book sales for cash at Office and by mail, 1392.98. " " Book account, 2546,56. " " Interest on notes, 11,82. The Association has paid as follows: For work in the Office, $3468.63. " Material and sundries, 6742,33. On deposits and outstanding notes, 6911,59. " Missionary Fund, 452,95. " Mich. Conf. Fund, 1350,30. " Mich. Tent Fund, 30,56. Excess of receipts over expenditures, $1149,48. Estimated nett value of the assets of the Association, $19649,41. The Association has present liabilities to the amount of $4877,53. Leaving a balance free from all incumbrances of $15271,88. The general business of the Association was then introduced by the Secretary, in a written statement of the business to come before the meeting, viz.: 1. Consider the proposed changes in the by-laws as given with the notice of the meeting. 4. Salaries of President, Editors, Secretary, and Treasurer. 5. Compensation of Auditor. The business was then called up, item by item, for discussion and action, by written resolution. The proposed changes in the by-laws being first in order were called up separately by written resolutions offered by Eld. J. H. Waggoner, Eld. John Byington, Henry Lyon, and Eld. Joseph Bates, all of which were unanimously adopted. The amended sections and additions now read as follows: Art. ix. Sec. 2. All voting for the election of officers shall be done by printed ballots, on which shall be the words "Yes" and "Nay," printed in such a manner that tearing off one end of the vote shall destroy the word "Yes," but shall leave the word "Nay" upon it, and tearing off the other end shall destroy the word "Nay," and leave the word "Yes" upon it, thus: All other voting to be done as the President may direct. Art. II. Sec. 1. The officers of this Association shall consist of a President, a Vice President, a Committee of three on Publication, a Treasurer, a Secretary, and an Auditor, who together shall constitute a board of trustees, and shall be elected every year at such time and place as may be determined by the last meeting of the Association, or announced in the call for the meeting. And all officers shall hold their office until three weeks after their successors are elected. Art. II. Sec. 13. The Association shall elect its Editors at each yearly meeting, whose term of office shall continue until three weeks after their successors are elected. Art. v. Sec. 2. There shall be a yearly meeting of this Association at such time and place as shall be designated at the previous annual meeting, or announced in the call for said meeting, which meeting shall be held at least three weeks previous to the expiration of the term of office of the several officers; at which meeting the annual election of officers shall take place. Art. xi. Sec. 2. No money paid to the Association for shares or donations, nor interest or profits arising therefrom, shall be subject to withdrawal, but shall be, and forever remain, a part of its funds, to be used in accordance with Sec. 1 of this Article. The election of officers being next in order, the officers of last year were unanimously nominated, viz.: Eld. James White, President; Geo. W. Amadon, Vice President; Eld. J. N. Loughborough, and Wm. Hall, Committee on Publication, E. S. Walker, Secretary, Uriah Smith, Treasurer, and I. D. Van Horn, Auditor. Eld. J. H. Waggoner then offered the following Resolution, which was voted upon by ballot, and passed by a unanimous vote: Resolved, That the officers of last year be elected for the following year, according to our nomination. On motion of Elder John Byington, Elder James White was unanimously chosen Editor of the Review. On motion of Elder J. B. Frisbie, George W. Amadon was unanimously chosen Editor of the Instructor. The fixing of the salaries of officers being next called up, the following resolution was offered by Eld. J. H. Waggoner, and adopted: Resolved, That the President, Editors, Secretary and Treasurer receive the sum of $9 per week for their services during the current year. The compensation of Auditor being next in order, the following resolution was offered and adopted: Resolved, That the Auditor receive $20.00 for his services the present year. GEO. W. AMADON, Vice President.
E. S. WALKER, Secretary.