The patron of husbandry. (Columbus, Miss.) 1875-1883, 1881-07-02
Co Operative Mares

Co operative stores.
ALABAMA STATE GRANGE. OFFICE
OF SECRETARY, CHoCTAw CORN.
Err, ALA JUNE 20, 1881.
Editor Patron. Allow me-
through the columns of your inval-
liable paper, to make some sugges-
tons to Alabama farmers who con
template organizing cooperative
stores.
AS it is desirable, if not absolutely
necessary, for the association to be
incorporated according to the statute
laws of the State, I would suggest
that two or more Patrons file with
the Probate Court of their county a
written declaration setting forth:
Ist The names and residents of
the petitioners.
I'd. The name of the proposed
association, the place at which it is
proposed to have its place of bust
ness, the general purposes of the
association and the nature of its
business.
sd. The amount of the capital
stock and the number of shares into
which it is to he devided.
Upon the filing of which the
Probate Judge will issue a Com
mission appointing the petitioners
board of corporators and giving
them authority to open books of
subscription to the capital stock of
the association. When half of the
proposed capital has been sub
scribed, the board of corporators
should call the subscribers together
and proceed to organize the com
pany by electing from among them
selves not less than three nor more
than nine persons l would advise
nine) as board of directors to
manage the affairs and business of
the association for the ensuing
twelve months. ..
The association should then pro-
coed to adopt bylaws for the gov
eminent of the officers and its affairs
The following will be found suffi
cient to meet all your requirements:
BY LAWS OF THE COOPERATIVE
ASSOCIATION NO. -.
NAME.
Article I. This association shall
be called the - Co. operative AS
ISOLATION No. - of the Order of
Patrons of Husbandry in the State
of Alabama. .a
OBJECTS.
Art 3. The object of the associa-
ton is to establish and maintain
general trade in merchandise from
products and machinery for the
mutual benefit of share holders and
customers.
PLACE OF BUSINESS.
Art. Z. Place of business, the of
fee and sales-room of the associa-
ton shall be at -, Ala.
MEMBERS.
Art. IL Any member of the Or
der of Patrons of Husbandry in
good standing may become a mem
Der of the association by subscribing
and paying for at least one share
therein, and by signing his name
and place of residence to these rules.
LIST OF MEMBERS.
Art. (. A correct list of each
members name, post office address
and name of the Grange of which
he is a member shall be kept at the
office of this association signed by
the Secretary and open for inspec-
ton to any member, and no Patron
shall be deemed a member for the
purpose of receiving any interest on
his shares, or of voting, until his
name appears on such list with the
number of shares of which he is the
owner written opposite thereto.
CAPITAL.
Art. 6. The capital of this associ-
alton shall be s., and shall be
raised in shares of S. each. which
shall not be transferable except to
members of the Order of Patrons of
Husbandry. When a member as
signs a share, the assignment must
be endorsed on the back of the GER
rificate, and the same shall be sur
rendered to the Directors, before
new certificate can be issued to the
assignee.
NUMBER OF SHARES.
Art. 7. Numbers of shares. No
member shall hold more than fifty
shares in the capital of this associ-
ton.
REDUCTION OF SHARES.
Art, 8. Should the Directors have
more money on hand than they
could profitably invest in the bust
ness of the association, they shall
have the power to reduce the num-