Sacramento daily record-union. [volume] (Sacramento [Calif.]) 1875-1891, 1886-01-14

He shall cause to be prepared and period;cal,v
issued 10 the Trustees for the exclusive benefit
OF the corporation, reports and estimates of the
probable fruit yield of each season. and renorts
on Eastern consum ption markets: in fact es
tsplishihg and maintaining, in the highest pos
slDie eniciency, department of statistics, I'M
Ger direction OF the Board of Trustees where
everything calculated to promote the Interests
of the stockholders of this corporation NAV ha
carefully collected, digested and periodically
published to the members of this cornoratioT,,
He shall issue the proper notices of all meetinos
OF the stockholders and Board of Trustees He
shall, In all other respects, perform such other
uutles as may De appropriate TO the Office of Sec
rotary and be required by the Board of Trustees.
TREASURER
Section :. The Treasurer shall have cbarpe Of
the finances of the corporation: shall receive
from the Secretary, as hereinbefore provided in
Section all avails from disposal of stock and
proceeds from assessments of stock of the corpo-
ration, depositing the same in a bank or De.
pository, TO be selected by the Board of Trustees
to the credit of the corporation thence to he
drawn only on the order ofthe President and Sec
rotary He shall collect and receive moneys be-
longing to the corporation from whatever source
derived. He shall furnish good and sufficient
bond Tor the safe custody of the same on the
call OF. and to the satisfaction of the Board Of
Trustees. He shall also keep proper hooks nj
account at all times open to the inspection of
stockholders, ard at each annual meeting of the
sLocsholders he shall submit a report accompa-
MED by proper vouchers, of the corporation for
the preceding year. He shall also make such
partial reports as may be called for by the Roard
OF trustees at any meetings of the Board or of
slockholders, other than the annual meetings
lie shall make all necessary Disbursements for
the current transaction of the affairs of the cor
poration, in accordance with whatever system
the Board of Trustees may direct.
QUORUM, VOTES, PROXIES.
Sections. Stockholders representing majority
OF the outstanding stock of the corpora
ton and a majority of the Board of Tr1ls-
tees, respectively, shall constitute quorum for
the transaction of business at all meetings of
tneif several bodies. All questions at
be decided by the vote of
majority of the members present: all cues
lions before meetings of the stockholders
shall be decided by voting 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 cranes
and no stock shall be recognized as entitled 10 a
vote, unless so voted by an owner of such equiv
alent acreage as before mentioned Voting by
proxy shall only be allowed when the proxy is
OF his own right an actual owner of stock in the
corporation. with an equivalent ownership of
orchard and vineyard. The majority of votes
cast in accordance with the foregoing shall de-
eide all questions at meetings of the stockhold-
ers.
Section 9. Any stakeholder of the Union shall
have the right to ship fruit or vegetables
grown by himself, and may purchase
fruit or vegetables OF any or all stock
holders thereof, and ship the same III carload
lots by the trains chartered by the Union, to
any point OF destination and to such consignee
as desired; pr0rided, satisfactory guarantee is
first given to the Union for prompt payment of
all costs for transportation, upon demand: and
prop{ded further, that neither said Union its Off
GERS nor agents, shall have power to purchase
or sell, on account of said corporation any fruit
or vegetables; but the business of the corpora
ton shall be confined exclusively to n shipping
and commission business, and that of collecting
and furnishing information for its members.
LOCAL CORPORATIONS.
Section 10. Local corporations, associations.
or otherwise, which are already organized or
which may hereafter be organized which
| represent and which are duly en-
powered to act for a community,
or for the fruit producers of a spe-
c1al locality or localities acting in unison,
may subscribe to the capital stock
of this corporation as an organization
to the extent of the number of shares equiv
alent to the acreage of the individual own
ers or producers composing such organ
ization, and such stock subscription and
the issue thereof shall be subject to all
the rules and regulations for stock issue trans
fer, voting etc., hereinbefore prescribed for
individual stockholders.
| AMENDMENT OF BYLAWS
Section IL. These bylaws may be amended
without notice, by a vote of a majority of the
cent. OF the par value shall have been paid in.
| at the first annual meeting of stockholders;
thereafter they may be amended by VOC OF
twothirds % of such subscribed stock upon
which all calls shall have been paid in. at any
| regular called meeting uroIi6a1 thor n