Transcendentalism in New England: A HistoryFrothingham, Octavius Brooks
Philosophy
Transcendentalism in New England: A History
Frothingham, Octavius Brooks
Transcendentalism (New England)
SEC. 2. No member of the Association shall ever be subjected to any
religious test; nor shall any authority be assumed over individual
freedom of opinion by the Association, nor by one member over
another; nor shall any one be held accountable to the Association,
except for such overt acts, or omissions of duty, as violate the
principles of justice, purity, and love, on which it is founded;
and in such cases the relation of any member may be suspended or
discontinued, at the pleasure of the Association.
ARTICLE II.
CAPITAL STOCK.
SEC. 1. The members of this Association shall own and manage such
real and personal estate in joint stock proprietorship, divided
into shares of one hundred dollars each, as may from time to time
be agreed on.
SEC. 2. No shareholder shall be liable to any assessment whatever
on the shares held by him; nor shall he be held responsible
individually in his private property on account of the Association;
nor shall the Trustees, or any officer or agent of the Association,
have any authority to do any thing which shall impose personal
responsibility on any shareholder, by making any contracts or
incurring any debts for which the shareholders shall be
individually or personally responsible.
SEC. 3. The Association guarantees to each shareholder the interest
of five per cent. annually on the amount of stock held by him in
the Association, and this interest may be paid in certificates of
stock and credited on the books of the Association; provided that
each shareholder may draw on the funds of the Association for the
amount of interest due at the third annual settlement from the time
of investment.
SEC. 4. The shareholders on their part, for themselves, their heirs
and assigns, do renounce all claim on any profits accruing to the
Association for the use of their capital invested in the stock of
the Association, except five per cent. interest on the amount of
stock held by them, payable in the manner described in the
preceding section.
ARTICLE III.
GUARANTIES.
SEC. 1. The Association shall provide such employment for all its
members as shall be adapted to their capacities, habits, and
tastes; and each member shall select and perform such operations of
labor, whether corporal or mental, as shall be deemed best suited
to his own endowments and the benefit of the Association.
Public-domain text, read in full here on John Shaqi.
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