Evening star. [volume] (Washington, D.C.) 1854-1972, 1867-08-15
PROPOSED PLAN FOR TIE oo-orxRArlv

PROPOSED PLAN FOR TIE Co.OrxRArIvE
ASSOCIATION IN THIS CITY.-Those inttres ssd
night at Woodward's Hall. to perfect the ar
rangements for establishing the store.
Mr.. Il. Carpenter, from the Committee on
BYLAWS and Rules, submitted report. which
was ably discussed by several OF the &c ntle-
men present. There is determination on the
part of those having the matter in charge 10
carry 1t TO successful conclusion. The fol-
lowing is synopsis of the plan upon which
the Association is to be founded:
Articles Of Agreement-We, the undersigned,
agree TO form ourselves into an Association, 70
be located in the city of Washington, d. o.,
for the purpose OF trading in groceries and
such other goods as may hereafter be deter
mined upon. The capital stock shall be I've
thousand dollars Ter more) to be divided into
ance of the above object agree to be governed
by the by laws.
Any person may become a mem Der by signing
the articles Of agreement and taking one or
more shares.
The permanent funds shall be held in shares
of ten dollars each, and no member shall be
allowed to hold more than ten shares. No
member to have more than one vote. The
absolute profits after deducing not less than
ten per cent for sinking fund and the legal
interest on the capital stock, shall be divided
among the stockholders in proportion to the
amount each has traded during the quarter
Dividends and interest paid quarterly. No
credit shall in any case be given. ALI sales to
be for cash. Goods will be sold at the lowest
possible rate per cent that will cover legiti-
mae expenses. NointoxicatIng iiq uors allo wed
to be bought or sold.
The management of the store will be com.
mitled to board OF directors elected by the
association; the storekeeper to have charge OF
the store under the supervision of the board of
directors, TO buy all goods needed for the store,
taking bills therefor, which shall be paid only
by check upon the bank signed by the pres.
ident and treasurer. The treasurer shall re.
ceive all money on behalf OF the association
giving his receipt therefor, and shall deposit
daily in bank, after paying the incidental ex.
penses OF the store. all money or bonds so re.
ceiyed by him. He shall give sufficient bond
for the faithful discharge of his duties, and
shall act both in the capacity OF treasurer OF
the association and cashier OF the store. Tween
ty.fve members shall constitute quorum for
doing business.
ANY member can withdraw bis stock after
the store has been In operation six months by
making application to the board of directors,
who shall cause such applicant to be paid the
amount of his share or shares, provide that
In no case shall the board Of directors cause to
be paid in any one quarter an amount greater
than has be en- received on account of the sink
ing fund for such quarter. But any member
may transfer his share or shares to any other
member, provided such member has not al
by the by laws. But in no case can he trans
fer his share TO person not q member until
he shall first obtain the consent Of the board of
directors. The association can be dissolved
only by resolution OF the special meetings, at
which there shall be members enough par
hcipating TO control at least three fourths OF
the subscribed capital stock.
EASE BALL "A match game of base ball was
played on Tuesday afternoon, on the grounds
south of the Executive Mansion, between tho
first mines of the Atlantic and American Rase