536 History of Methodism 



for said Conference (in accordance with the recommendation of the 

 late General Conference of our Church), for the supply of the Church 

 and people within the bounds of said Conference specially with 

 moral and religious literature ; second, the augmentation of the 

 capital of the Publishing House of our Church at Nashville; and 

 third, the extension and propagation of Sunday-schools. 



Art. 3. The capital of the society shall be raised by shares of 

 SI 00 each, one-half of which shall be employed in the business of 

 the Depository in Charleston, and the other half to be paid over to 

 the Publishing House at Nashville. Not less than one-fourth of 

 each share shall be paid in cash, or a note at six months bearing 

 interest from date, at the time of subscribing, and the remainder 

 shall be paid in three equal annual installments from the time of 

 subscribing, a note or notes being taken in each case; and each §100 

 subscribed shall entitle the subscriber to a share in the capital stock 

 of the society. 



Art. 4. The benefits to share-holders shall be as follows, viz.: 

 First, each share-holder shall, from the time of subscribing, be a 

 member of this society, and his heirs or assigns owning said share 

 shall enjoy all the privileges and advantages of the original share- 

 holder ; second, when $50 of said share shall have been paid he 

 shall receive a copy of the Genealogical Family Bible, to be fur- 

 nished by the Publishing House at Nashville, free of cost to the 

 society; third, when the whole amount shall have been paid he 

 shall be entitled to receive for each share $5 premium in books and 

 tracts of our publication at retail prices, annually, to be applied for 

 within each year. 



Art. 5. Any corporate body connected with our Church or its 

 institutions may become a share-holder in this society, the money 

 of such corporation to be employed only in the business of the 

 Depository in Charleston. 



Art. 6. There shall be a Board of Managers, consisting of twelve 

 persons, for the direction of the business of the society, to be elected 

 annually by the society, six of whom shall be members of the South 

 Carolina Conference, and six shall be laymen of the Methodist 

 Episcopal Church, South. The board shall elect its own officers, 

 who shall be the officers of the society also, and shall have power to 

 fill vacancies in its own body. Seven members shall be a quorum. 



Art. 7. The board shall have power to purchase from the gen- 

 eral book agent the present stock of merchandise constituting the 

 Depository in Charleston, with all property, real or personal, be- 



