Sacramento daily record-union. [volume] (Sacramento [Calif.]) 1875-1891, 1885-11-12

VI SiCudIus- Ne6ldDleS, small fruits or vineyard
OF shipping grapes. Each certificate of stock
Shau also have cOnspicuouSly printed across its
back that It is transferable only to actual own
eiS oi an equivalent acreage as before stated.
corporation and sign its bylaws, and upon de
i!VtTy Of said stock certificate the receiver shall
s'Gp Il contract receipt, stipuiating that he ac-
ccptS said stock, subject 10 the hCrcinbefore
mentioned conditions.
GENERAL MANAGER.
Section 6. The General Manager shall. by gu
thoIlzation of the Board of Trustees take gen
eral supervision Of the business of the CORPORA
llon III preparing for the forwarding to markets
OF Sale, ana the selling in such markets, all the
iftut and fruit products and other produce un-
DER the control of the corporation. He shall by
and with the assistance Of the Secretary district
Tue Who-e state mo produce districts, grouped
terrltoila!ly with reference to the natural com
mon shl ping point: shall cause to BE- prepared
:eIlahle returns OF the number and variety of
trees ana vines in each said district their cSti-
mated yield each shipping season 10 the end
that an approximately reliable calculation may
De MADE IN a8vance Of each seasons shipping
oisTGtiol, OF the quantity and varieties for
Wlhch markets must be found. Heshall collect
digest ana tabGlatc all this information, so that
II may be seasOnably and periodically placed
before the Trustees Of this corporation. In all
such arrangements for shipping and marketing
ne shall be clothed with the pOwers and a,lthor-
NY by the Board OF Trustees, as shall be best
calculated to make his dispositions effective and
result beueiicially TO the interests Of the stock
holders ui this corporation.
SECRETARY
Section 7. The Secretary shall be the custodian
OF the records of the corporation. lie shall
Keep iUil minutes of the proceedings at ali
me tIngs OF the stockholders and of the Board
oI trustees. lie shall Jointly with the President
sign all certificates OF stock always strictly I'm
accordance with Section hereof regulating
STOCK ISSUE ana transfers keeping proper books
OF record thereof; sJall make in due form aud
IN accordance also With said Sc, tinn hereof aI
transfers oI sock, whenever required, carefully
cancehn8 all retucd stock certificates: shall
Keep an accurate account of the stockholders of
the corporation; shall cOUnter-isn all contracts
notes, deeds and leases signed by the President
under the direction OF the Board of Trustees
keeping an accurate record of the same He
Shalleol!ect OF the subscribers TO stock in tins
corporation the amounts Of their contribution TO
It's capital, and pay the same over to the Treas
urer OF the corporation. He shall keep accnratn
corporation, iull and detailed books of account
with the various individual subscriber; coys;r,r,
ing produce to the corporation for sale render
lhg proper statements thereof; also full and
detailed accounts OF all shipments by the cor
poratioI He shall, in connection with the
General Manager, as provided in Section
ncreoI, cSuse TO be prepared ana periodically
issued to the Trustees for the exclusive benefit
of the corporation, reports and estimates OF the
probable fruit yield of each season and reports
on Eastern consumption markets: in fact pS-
tablishing and maintaining in the highest nos
slble efficiency, department of statistics where
everything calculated to promote the interests
OF me stoc&noldeIs OF this corporation may be
carefully collected. diEcstcd and periodically
pubiished to the members Of this corporation
lie shall issue the proper notices of all meet
ings of the stockholders and Bo lrd of Trustees
He shall, in all other respects perform such
other duties rs may be appropriate to the Office
Of Secretary and be required by the Board OF
Trustees.
TREASURER.
Section s. The Treasurer shall have charge of
the finances of the corporation; shall receive
from the >ecretary, as hereinafter provided in
Section :, all availS from disposal of stock and
proceeds from assessments of stock of the cor
poration, depositing the same in bank, or de
STORY to be selected by the Board of Trustees
10 the credit of the corporation, thence 10 be
drawn only on the order of the President and
Secretary. He shall collect and receive all
moneys belonging to the corporation from what
ever source derived. He shall furnish good and
sufficient bond for the safe custody of the same
on the call OF and to the satisfaction ofthe Board
of Trustees. He shall also keep proper books of
accounts at all times open to the inspection of
stockholders, and at each annual meeting of
the stockholders he shall submit a report ae-
compan1ed by proper vouchers, for the corpora
ton for the preceding year. He shall also make
such partial reports as may be called for by the
Board of Trustees at any meetings Of the Board
OF stockholders other than the annual meetings
He shall make all necessary disbursements for
the current transaction of the affairs of the
corporation, in accordance with whatever sys-
TEN the Eoard OF Trustees may direct.
QUORUM, VOTES, PRoXIEs.
:. n
jorty Of the outstanding. stock Of the corpora
ton and q majority of the Board of Trustees
respectively, shall constitute Il Quorum for The
transaction of business at all meetings of their
several bodies. All questions of the Board of
Trustees shall be decided by vote of the ma
jority OF the members present: ali questions be-
fore meetings of the stockholders shall be de
cidGd by VOtlng of shares one vote to each share
Of stock actually owned by an owner of an
equivalent acreage of orchard, vegetables. small
fruits or vineyard of grapes and no stock shall
be recognized as entitled 10 vote unless 30 voted
by an owner OF such equivalent acreage az be
fore mentioned. Voting by proxy shai! only be
allowed when the proxy is of his own right an
actual owner OF stock in the CORPORATION with
an equivalent ownershi p of orchard and vine
yard and no one shall vote by such PROXY any
nulnhe OF votes i'll excess Of ten times the num-
Der OF shares he actually owns himself for
which ne has acreage equivalent as before men
toned. The majority of votes cast in accord
anee with the foregoing, shall decide all oucs-
lons at meetings OF the stockholders.
OPTION or SALE.
Section 10. Stockholders of the Union SHAH be
allowed the option of selling the fruit to tie
Mon at a mutually agreed price, duly loaded
ON the cars at point Of shipment, should they
prefer such disposition instead of shipping
Though the UniCn to consumption markets for
SAFE, ana taking actual ayailS of such sales.
DIVISION OF PROFITS.
Section H. In the division of the net profits
OF the Union there shall be allotted to the stock
holders of the Union dividends of not exceed
ing siX per ceht; per annum on their stock;
next, there shall he allotted two per cent. to a
permanent reserve fund of the UniOn aud that
all he remaining profits be diyiGed among the
stockholders OF the Union "hO cOnSign produce
through said Union. in proportion TO theamount
III selling value of the produce so consigned to
them-the intent thereof being TO make the
mon essentially u cooperation" for the profit
OF iruit-growcrs supporting il.
AMENDMENT OF BYLAWS
Section II. The bylaws may be amended bv Il
II "a
regular or called meeting, provided that due
notice ut stjcn amendment shall have been given
II previous meeting, or notice through the
mali by the secretary nc lesst teu days prior to
date of meeting addressed 70 each stockh
ofthe Union at his la.t-known residence
During the recess the fruit-growers filled
ont blank subscriptions for shares of stock
in the Union, the form of subscription
being as follows:
I hereby subscribe for shares thu
capital stock of The California Fruit tnion''
of the par value Of one dollar 81 per share
having, s,..............acr acrcS of fruit trees aud -
OF vines of shipping grapes, both of age to bear
in the fruit season Of 1856 situated in............
township, county Of............ State OF CalifOr-
mia, being at the rate OF one shHre of stock for
each acre owned by me, OF age to bear i'll 1856.
My nearest railroad station, or shipping point
,.:-.....- county of ...-.-........., State of
To these blanks a note is attached as fol-
alton, or DO not wish to take stock. please
return this letter with statement Of acres
you have, and objections thereto"
The subscriptions received during the
noon recess, as a basis for action, this after
noon, are as follows:
SUBSCRIPTIONS FOR STOCK.
Name. Address Shares
General John Bidwell.. Butte. .250
james 20
a y Butter .-.--N a pa a--.-....---.- 10
W. " lanO
NJ. 6. Parkinson .........A nj iOc h 25
Isaac Collins. lam eda ..........
NJ. i. Walton Contra Costa - %
K J. Trumbull. ............Sola larlo .. - 20
thy aige..............T TulaTe ........... rs
John SWett-..--. Costa ............ so
Fred Russell. Alamefia ........ %
/. }. Rose .-......-.......Los Angeles........ 10
y = Martin .-..-....-Santa ClaTa.............. 80
~ -. %
J. N. B6ssfori, Jr.. .........S olano . 50
ID. Malone. apa ....... 50
John Bidwell. Butte . .......... !
J. s Mcdonald. .SOlano ..... ......... ,
= T. DeIaleld Na pa
II. {. Campbell ....----Santa Cara............... 80
II. G. wilson Tehama ........ 30
9. I. EOpkins. Angeles GO
/ Mt s lara