The Grange advance. [volume] (Red Wing, Minn.) 1873-1877, 1877-01-17
BALES and Regulations OF the Trenton
Cooperative Association.

Rules and Regulations OF the Trenton
Cooperative Association.
ARTICLE. l. This association shall be
known as the Trenton Cooperative Asso-
oiatiou.
ART. ?. Its place of business shall be at
Trenton, Pierce County, Wisconsin.
ART. 3. The object Of this association
shall be to establish and maintain general
trade in merchandise, farm products and
machinery, for the mutual benefit Of the
shareholders and customers.
ART. 4. The office and place Of business
Of this association shall be at such place in
Trenton as the association shall designate.
ART. 5. Any person may become mem
Der Of this association by paying Five Dol
lars, but shall not be entitled to vote until
he has paid in Twenty-Five Dollars, signed
his name with his place of residence) to
these rules and paid besides an initiation
fee of One Dollar. 49,
ART. 6. The capital stock Of this associa-
ton shall not exceed Ten Thousand Dollars,
and shall be divided into four hundred
shares Of Twenty Five dollars each :; which
shares shall not be transferable, except to
members Of this association.
ART. I. When one member transfer a
share of stock to another, the assignment
Of the same shall be written on the back of
the certificate Of the stock 50 assigned, and
such certificate shall then be surrendered
to the Directors, by whom new certificate
shall then be ISSUED to the assignee.
ART. s. No member shall be permitted
to hold more than one hundred shares Of
the capital stock of this association
ART. 8. A member may withdraw any
sum above twenty five dollars, on demand,
provided that the Directors consent thereto
and that the sum withdrawn do not exceed
five shares; but no member shall withdraw
more than five shares at one time, without
giving ninety days. notice Of such intended
withdrawal; and it shall not be permitted
that second notice of an intended with
drawal Of stock shall be given until the ex-
piration Of the time Of the tendency of any
such previous notice.
ART. 10. ANY member may withdraw
from this association, and any member who
neglects or refuses to comply with the rules
shall be excluded.
ART. II. Upon the withdrawal or exclu-
sion of any member, the capital paid in by
him, together with all arrearages of inter-
est and profits (if any due him, shall be
returned within six months after the date
of such withdrawal or exclusion.
ART. II. Any member being in distress,
may withdraw any sum he may have iu the
funds of this association, above two dollars,
at the discretion of the Directors.
ART. ID. Upon the decease of a member,
the Directors may pay to the legal repre-
sentative of such member all the capital
owned by him at the time of his decease,
together with all arrearages Of interest and
dividends of profits to which he may be en-
titled !; provided that such payments may
be made at any time within six months
after such decease.
Art. IA. The net profits of all business
carried on by this association, after paving
the expenses Of management, making the
proper reduction in value Of fixed stock,
and paying the capital thereof, as aforesaid.
shall, from time to time. by vote of the as
soc'atlon at its quarterly meetings, be ap-
pied to increasing the business capital Of
the association, or be divided pro rata, pro.
portionately to the aggregates of purchases,
amongst those who have purchased goods
from the association during the preceding
quarter.
ART. 49, The officers Of this Associa
ton shall consist Of chairman, secretary.
treasurer, two directors and two auditors.
The chairman and secretary to be directors
by virtue Of their Offices.
ART. 10. The chairman. secretary.
treasurer, one director and one auditor.
shall be elected at the quarterly meeting in
January Of each year, or at the next regu.
lar meeting thereafter; and the other d.
rector and other auditor shall be elected at
the quarterly meeting in July, or at the
regular meeting thereafter; and all shall
hold their Offices for the term of one wear.
or until their successors are elected and
qualified
ART. II. After the first and second cleo
tons shall have been held, no person shall
be eligible to the director-ships who has
not been memher Of tho Aaaoa;aA;a. e..