History of Methodism in Kentucky

Page 349

APPENDIX of the Book Concern, nor of the Chartered Fund, to any other purpose other than for the benefit of traveling, supernumel"ary superannuated and worn out preachers, their wives, widows and children, and to such other purposes as may be determined upon by the votes of two-thirds of the members of the General Conference." 4. That whenever the Annual Conferences, by a vote of three-fourths of all their members voting on the third resolution, shall have concurred in the recommendation to alter the sixth restrictive article, the agents at New York and Cincinnati shall. and they are hereby authorized and directed to deliver over to any authorized agent or appointee of the Church, South, should one be organized, all notes and book accounts against the ministers, church members and citizens within its boundaries, with authority to collect the same for the sole use of the Southern Church, and that said agents also convey to the aforesaid agent or appointee of the South all the real estate, and assign to him all the property including presses, stock, and all right and interest connected with the printing establishments at Charleston, Richmond and Nashville, which now belong to the Methodist Episcopai Church. 5. That when the Annual Conferences shall have approved the aforesaid change in the sixth restrictive article, there shall be transferred to the above agent of the Southern Church so much of the capital and produce of the Methodist Book Concern as will, with the notes, book accounts, presses, etc., mentioned in the last resolution, bear the same proportion to the whole property of said Concern that the traveling preachers of the Southern Church shall bear to all the traveling ministers of the Methodist Episcopal Chuch; the division to he made on the basis of the number of traveling preachers in the Minutes. 6. That the above transfer shall be in the form of annual payments of $25,000 per annum, and specifically in stock of the Book Concern, and in the Southern notes and accounts due the establishment, and accruing after the first transfer mentioned above; and until the payments are made, the Southern Church shall share in aU the net profits of the Book Concern, in the proportion that the amount due them, or in arrears bears to all the property of the Concern. 7. That Nathan B'angs, George Peck, and James B. Finley be, and they are hereby appointed commissioners to act in concert with the same number of commissioners appointed by the Southern organization. (should one be formed) to estimate the amount which wiU fall due to the South by the preceding rule, and to have full powers to carry into effect the whole arranl!:e. ments proposed in regard to the division of property, should the separation take place. And if by any means a vacancy occurs in this board of Commissioners, the Book Committee at New York shall fill said vacancy. 8. That whenever any agents of the Southern Church are

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