The progressive farmer. [volume] (Winston, N.C.) 1886-1904, 1888-07-17
THE PROGRESSIVE FARMER, JULY II, 1888.

same over to the treasurer; he shall
keep a record of the proceedings OF
the board of directors and OF the
stockholders; he shall make an annual
report of the transactions OF his ONCE
to the president; he shall also give a
good bond, the amount to be liked oy
the board of directors.
Sec. 7. The treasurer shall receive
all moneys from the secretary and pay
them out on warrants signed by the
president and countersigned by the
secretary; he shall give bond in such
amount as may be fixed by the board
of directors. ~s
Sec. 8. The business manager shall
have control of the business of the
Exchange, subject to the approval OF
the directory, and shall employ such
help as may be necessary for the tran
saction of the business, and shall Tx
their salaries, subject to the approval
of the directory.
Sec. 9. Should a vacancy occur in
the board of directors from any cause,
the same shall be filled by election OF
the board of directors from among
the stockholders, such director to.
hold Office only until the meeting OF
the stockholders. @ s....r..
Sec. 10. The board of directors
shall fix the time of their meeting,
and may have called meetings when
in the judgment of the president the
interest of the business demands.
Sec. IL. The president shall call a
meeting Of the stockholders upon the
petition of seven members.
Sec. II. The compensation of the
officers and members of this associa-
ton shall be fixed at the regular meet
ings of the stockholders.
Sec. 13. The board of directors shall
have power to employ one or more
canvassers if in their judgment the in
terest of the corporation demands it.
Sec. IA. The president, with two
other members of the directory, who
shall be other than the secretary and
treasurer, shall constitute the auditing
committee, whose duty it shall be to
examine the books of the secretary
and treasurer, and report their con
dition to the board of directors at
their regular meetings. T.. E.f..-
Sec. Is. The board of directors
shall meet on the second Tuesday in
each month.
Sec. l6. These Bylaws may be
altered or amended at any regular
meeting of the stockholders by a ma
jority vote of the stockholders.
Sec. II. The president and secre-
tary are hereby authorized to issue
stock in shares of one hundred dollars
each, and in fractional twentieths of
five dollars each.
Sec. Is. This corporation will recog-
nize the president and executive com
mittee of the Farmers State Alliance
of Texas, as representing that body in
it's executive capacity, and will, at all
times, upon request from said presi-
dent and executive committee of the
Farmers State Alliance of Texas,
make report Of all things in connec-
ton with the business of the Farmers
Alliance Exchange of Texas, and said
officers + hereby acknowledged
when representing said Farmers State
Alliance of Texas, in their several
official capacitles-to have and execute
a supervisory control over the stock
holders, board of directors and officers
Of the Farmers Alliance Exchange of
Texas.
The above are the Bylaws of the
Farmers Alliance Exchange of Texas,
adopted by the stockholders and board
Of directors. J.B. REILLY, Sec'y.
Dallas Texas .Tuna 1e ,0Q