Southport telegraph. [volume] (Southport, W.T. [i.e. Kenosha, Wis.]) 1840-1850, 1850-03-29
ONSTETU TEON
OF THE
Ceresco Mercantile Protective Union

ARTICLE l.
/. The name OF this company shall be the
Ceresco Mercantile Pro,ectire U7sion
2 The business OF the Union shall be to pur-
chase Merchandise and other property for the use
of the shareholders. and also to market or sell
produce and other property for the Union. and
its shareholders.
3. The Depot and Agency of the Union shall
be kept in the town of Ceresco, Fond du Lac
county, Wisconsin
4. The Union shall consist Of such persons
as subscribe their names to these articles in con-
tornity with the provisions Of the same and con-
unue TO comply with all its business regulations.
ARTICLE II.
l. The Officers Of the Union shall consist of
three Directors, zone of whom shall b. dcsirna-
ted in the election as Chairman" u Recorder.
Secretary and Treasurer.
:. The Directors, Recorder, Secretary, and
Treasurer, shall form Council, by whom any
ques ion OF business relating to or connected with
the Union, may be decided; unless two dissent
ing members of the Council Shall object Al the
time, and proceed to call meeting of the mem
bors Of the Union, and submit the same to them
g. Any two members Of the Council may at
any time call d meeting of the Union, By NOTIFY
ing three lOurths of the members of the time and
place OF meeting, and the object for which it was
called
1. The Chairman Of the Directors. or in his
absence, one of the others, slaIl preside at all
meetings Of the Council or Uni5n ard sim all
official records Of meetings or other business d.
cided by either bcty. He shall PRESENT a safe
mont and summary Of all business affairs, to
the regular meetings of the Union
5. The three Directors shall constitute a bu-
sincss committee, and transact MI bua.n s. for
the Union, subject at all times TO the direction
of the Council, or q meeting Of the members
They may employ ard discharge clerks at pI a
sure. They shall at all times keep a close OBJ
servation Of all pUrchas and sales Of goods. de-
posies OF money, &c, and shall at all times make
known, when asked, any business pertaining 10
the affairs Of the Union; they shall provide for
the safe keeping Of all moneys, either in the
Treasury, or elsewhere, by rer.iiring sui.abl.
bonds, &c., and lor tie faithful and accurate re-
cord OF all the monetary affairs ct the Mon. ANY
one OF the Directors may object to any business
transaction and submit tie same to the Council
and the same shall b. suspended until their dcci-
sion or that OF a majority Of them be had. and
Il all abide their drci-)n, unless two Of the Coun-
Gil object, in which case il Shall await the decision
Of the members. They shall see that all nccos-
sary reports arc furnished to the Recorder.
g. The Recorder saa,! EccHa book III which
he shall copy the Substance Of all bills and re-
ceps tor money paid out, and all daily and
weekly receipts as furnished him by the Clerk
or Sa.esmaa, or Directors, and also any ether bu-
sneas matters required 10 Be recorded, by the
Directors or Council, and shall make ont state
mcnt OF the same, and rrescn: il 1T each regular
meeting of the members.
7. The Secretary shall keep the constitution
and all records and minutes OF tho meetings oi
the members or Council anl their proceedings.
decisions, elections, sc. &c, and shall perform
such foreign and domestic correspondence as hc
may be required by the Directors or Members.
s. The Treasurer shall give such bonds as
the Directors may require OF Linn. and Shall keen
and GsLur-c as they may direct all moneys de-
posted with him, provided always that whcnany
one of the directors shall object to the pnyiuG
out Of any sum or money he shall retain the same
until the order be approved BY tic council or
mectin Of the members
ARTICLE III.
Il. There shall irregular quarterly meetings
of the members at such place as they NAV deter
mine. on the first Saturday Of S46temier D..
ccmbor. March. and June, in each year. at which
time any business may be brouoht before the
meetings for action or decision.
, At a mcc,ingon the first Saturday Of Sep
ltlilDli al t' NC<'i VIC N4lt els Sild ne CHOSEN
and shall held their respective Offices for one
year, or until others are elected to I'LL their pla-
COS, ALWAYS subject, however, to be removed ard
their places filled at any regular quarterly NEE
ting of the members.
SEC. 3. Ate!cctions each member shall have
one vote. and a malrity OF votes SINH be noes
sary to a choice The chairman and Secretary
shall conduct the election of officers As members
NAV direct.
1. Every member Shall b. shareholder. but
a person may be a shareholder without being
member in the manner herein provided, and not
responsible for any of the business of the Union.
D. After the first regular meeting and orra-
nizaion OF the Union. no person sho!l become a
member except by vote Of two-thirds of the
members present at regular meeting. md BY
complying with the requirements Of these ari-
cles
g. ANY person may become a shareholder
and be entitled u all pecuuiarv advantages of
member, in buying and selling goods. by payng
to the Directors Ten Dollars, taking their receipt
for the same, 10 be repaid at auy time, without
interest, upon sixty DAYS notice of the demand
for the same. Sulh shareholders shall be adj
United 10 all regular meetings OF the Union, and
entitled To know and understand It's business OF
erations; but they shall not be responsible icr
any Of It's business transactions, nor allowed to
vote on any question.