Anyone subscribing to $10 or more of the society's "Old Testament Tracts" or donating $10 or more to the society was deemed a voting member and entitled to one vote per $10 donated. Russell indicated that despite having a board and shareholders, the society would be directed by only two people—him and his wife Maria. Russell said that as of December 1893 he and his wife owned 3705, or 58 percent, of the 6383 voting shares, "and thus control the Society; and this was fully understood by the directors from the first. Their usefulness, it was understood, would come to the front in the event of our death... For this reason, also, formal elections were not held; because it would be a mere farce, a deception, to call together voting shareholders from all over the world, at great expense, to find upon arrival that their coming was useless, Sister Russell and myself having more than a majority over all that could gather. However, no one was hindered from attending such elections." The influx of donations gradually diluted the proportion of the Russells' shares and in 1908 their voting shares constituted less than half the total. Russell emphasized the limitations of the corporation, explaining: "Zion's Watch Tower Tract Society is not a 'religious society' in the ordinary meaning of this term" He also stated, "This is a business association merely... It has no creed or confession. It is merely a business convenience in disseminating the truth." Incorporation of the society meant that it would outlive Russell, so individuals who wished to bequeath their money or property to him would not have to alter their will if he died before they did. On September 19, 1896, the name of the corporation was changed to Watch Tower Bible and Tract Society.