Evening Republican, Volume 16, Number 280, Rensselaer, Jasper County, 22 November 1912 — SELLING STOCK IN RENSSELAER HOSPITAL [ARTICLE]

SELLING STOCK IN RENSSELAER HOSPITAL

Capitalized at $2,000 With Shares of . Non-Interest Drawing Stock — l —of SSO Each. I A meeting of the doctors of the county and others in nearby towns was held this week to complete plans for incorporating the Rensselaer hospital. The plan submitted and agreed upon is to capitalize it at $2,000, divided into forty shares of SSO each or a few more shares and proportionately of less value if they are desired. Subscription papers have been drawn up and placed in the hands of the physicians and druggists and persons who are able to do se will be asked to purchase one or two shares in the worthy enterprise. No stockholder will be allowed to have more than two shares. The subscription paper provides that the stockholders will not be allowed any dividends on this stock and any money that may accrue from the earnings will be used for equipment and extensions. The association being incorporated, relieves the individual stockholder from any personal liability beyond the value of his stock. The plan puts the hospital, as it should be, on a non-conuneroial basis. It is not aimed to make any money' out of it, and this fact should be sufficient to encourage persons who are able to purchase a share of stock to help the worthy institution along. A number have already subscribed and there is every indication of the stock all being taken before long. All Rensselaer physicians are to be interested in the hospital.