The workingman's advocate. [volume] (Chicago [Ill.]) 1864-1877, 1874-02-14

Association Is to establish a cooperative
grocery store, and, after defraying the
necessary expenses and paying six Der
cent. interest on the capital stock, to al
vide the prots that may accrue among
the members Of the Association according
" the amount of their purchases.
ARTICLE nI-oFFICERs
Section H. The officers Of this Associa-
tion shall consist Of a President. Vice
President, Secretary and Board Of Direct
ors.
Sec. 2 All officers and directors must
be members of some lsbor-protective So
cIety.
ARTICLE DUTIES OF PRESIDENT.
The President shall preside at all meet
ings Of the Association, and be ex-ofticio
Chairman a the Board q Directors.
ARTICLE v-DUuEs OF SECRETARY.
II shall be the duty Of the Secretary t.
correctly register the minutes Of all meet
ings If the Association, to keep a record
Of the names of the shareholders, togeth-
er with the number II shares taken BY
each and Id regular order, ana all trans
fers of the same. He shall also take in
charge all papers, bills and documents, and
perform such other duties pertaining TO his
office as may he required Of him by this
Association.
ARTICLE vi BOARD OF DIRECTORS
The Board of Directors shall consist Of
the President, Vice President, Secretary
and six members of this Association.
ARTICLE vII-DUTIEs OF THE BOARD OF d.
RECTORs.
Section L. 1t shall be their duty t.
manage the financial affairs Of this Associa-
ton by ordering the purchase of all goods
and merchandise to employ a suitable
person to superintend the business Of the
store to provide the necessary buildings
for store purposes, together with such fix
lures and facilities as are necessary for the
transaction of business
Sec 2. They shall direct the sale Of
the goods Of tins Association 10 all parties
at as low a percentage above cost as they
shall deem consistent with the true inter
ests If this Association.
Sec. 3. They shall require Of the Su-
perintendent surties to the amount Of the
capital stock for the faithful discharge of
his duties, which shall be To sell all
goods for cash, and at such rates az they,
from time to time shall prescribe; To keep
an accurate account Of ali goods bought
and sold, Of money received to keep
copies OF all orders dispatched for goods
entering the bills for the same upon the
books to deliver all bills, letters. receipts
and documents pertaining to the business
Of the Board Of Directors as they may re-
qulre, and to notify them when 1t is neces-
sary t. purchase further supplies ~ goods.
Sec. 4. They may allow the Superin-
tendent To employ such assistants AZ they
may deem necessary; but he shall be re-
sponsible for the acts Of such assistants.
and any neglect ON his part to obey the in
structluns Of the Board of Directors shall
be grounds for dismissal
Sec >. They shall meet at least once
every month, for the purpose Of examin-
ing the affairs and arranging the business
Of the store
Sec. q. They shall take an inventory Of
all goods and other property Of this Asso-
cation once every SIX months, at least five
days previous to the regular meetings, the
result Of which shall be embodied in a re-
port TO be laid before the Association at
the regular meetings.
Sec 7. Trey shall effect an insurance
ON the goods and other property Of the As
sociatiOn, and shall hold IN trust all secu-
rites belonging tu the same.
Sec 3. They shall have no power To
purchase any goods Or other property on
the credit Of the Association, or il any
other way u run the Association III debt,
under any preteuse whatsoever.
ARTICLE yIH MEETINGS.
There shall be four regular meetings "
this Association to be held At the regular
place Of meeting, ii the months Of Noyem
Der, February. May ..nd August IN each
year. Special meetings may be called ou
the written request of the Board of Di-
rectors, or like request Of any twenty
five members of thus Association.
ARTICLE N-QUoEuM
At any meeting OF the Association TWEEN
ty members shall constitute quorum for
the transaction of business
ARTICLE ELECTION OF OFFICERS.
All officers and directors shall be elected
at the annual meeting Of the Association,
m November of each Year, or as near there
after as practicable. and shall hold until
their SUCCESSORS are duly elected and quail
fed
ARTICLE XI-AFPEALs
The Board Of Directors shall be a board
Of appeal u redress All grievances between
| the members and the store, and other busi-
ness departments, ana they snail have
power tO remove any empioye W the A.
ISOLATION suspected of dishonesty on in
competency 10 discharge the duties required
Of him or her
ARTICLE NII-BOOKs AND PAPERS
The books and papers Of this Association
shall bo always open for inspection OF the
Board of Directors, and all officers and
employees shall deliver up to their success
sor in office all books, papers, accounts,
documents, funds or other property be-
longing to this Association
ARTICLE PASS BOON.
| Each member shall be furnished with a
pass book, with a suitable heading. W
show that they are members Of the Asso-
cIation, together with the rules and regu-
latiOns Of the store printed on the inside
Of the cover, and stamped with the seal
of the Association, in which shall be re-
corded all purchases made by the member.
said book ~ be furnished to members AZ
cost price.
ARTICLE XIV Iv-LABILITY W MEMBERS.
Members Will be held individually re-
/ sPonsible for the act of the Association "
theamount a stock owned by them respect
ively.
ARTICLE Xy-sTOCKs
All persons wishing tO procure stock III
tins ASSOCIATION shall make application 10
the Board of Directors, and. if found
worthy, the amount of stock they desire
may BE- issued, but no member shall have
more than one vote. All transfer of stock
shall be upon the books Of the Association,
and with the cosnent OF the Board of Di-
rectors.
ARTICLE XVI-sEAL.
This Association shall be provided with
a seal, the same u be in Keeping of the
Directors, or snch other person AZ they may
designate, who shall cause an impression
OF the same to be made ON all orders and
other papers issue.i hy the Association