The Newberry herald and news. (Newberry, S.C.) 1884-1903, 1889-08-01

meeting in July; and before the State
meeting, elect from. their number one
delegate, who shall be known as State
trustee stocShoIder, and Who shall be
authorized to represent the stock held
in that county in State meetings Of the
trustee saockholder ot,the corporation,
and shall be entitled toas many votes
as be represents shares of stock. Each
trustee stockholder shall be the repre-
sentative of the exchange in his Alli-
ance, and shall give bond in the sum
of $500 for the faithful performance of
his duty. . -.':'.-..- ..
Article 9. The State trustee stock
holders shall hold an annual meeting
at the same time and place as the Far
mers' State Alliance, of South Carolina:
Provided, that the board Of directors
shall have the power to call meeting
whenever in their judgment it is neces-
sary. .If~
Article 10. Each County Alliance
shall elect 3 county business agent:
Provided. that no delegates .to$.the
County Alliance shall be allowed TO
vote on his election unless the Sub-AE
lance which they represent has stock
in this corporation: The trustee stock
holders in each county shall at the
~ 4 - :
regular annual ineeting efeee q board Of
directors of not more than seven frola
their number toserve for one year, Who
shall supervise the work Of the county
agent, fix the amount Of pay%hes is to
receive and of the bond he is to fur
nish for the proper discharge of his
duty. .-:.. .'.i" --'iz .d-'.'. ...'' .'..i B.. ...
Article II. The State trustee stock
holders shall elect annually nine from
their numberas q board of directors,
five OF whom shall constitute qourum
for the transaction OF business. The
State board of directors shall elect from
their number a president, vice presi-
dent and secretary and treasurer.
They may employ and discharge such
assistants SIS they deem necessary,
fixing the amounts of their remun-
GRAFTON and of their bonds. they shall
enact such bylaws and regulations as
they deem requisite for the proper
management OF the business of the cor
poration, subject to- approval by the
next meeting of the stockholders:
Provided, all such bylaws and regula-
tions shall have full, force Of law: till
said meeting. =
Agtiele Il AH prof tg seEa esP: !
be applied, nrst, to pay all operating
expenses; second, to pay per cent per
annum Of the amount Of the paid up
capital stock; the balance Of profits, if
any, shall be distributed among the
Sub-Alliances holdig stock, their trus-
tees in this corporation, in proportion
to the amount Of their purchases and
sales. go. ..I.'. n: ...- .. .
Article 13. This Act ofincorporation
may be modified, changed or altered, or
said corporation may be dissolved with
the consent ofthree-fourths of the stock
represented, and majority of the
amount thereof issued, at any general
meeting Of the stockholders of said
corporation, convened for such purpose,
after thirty days notice of such. meet
ing shall have been given in two daily
papers published in the State and in
State official organ. .'. d.
Article Il. Whenever this corpora
tion may be dissolved, either by limi-
tation of its charter or from any other
cause, its affairs shall be liquidated by
fthree commissioners, to be elected by
| the stockholders at general meeting
called for the purpose. Said commits
sioners shall remain in office until the
affairs of said corporation shall have
been fully liquidated, and in case Of
the death Of one or more of said !com-
naissioners the said survivors shall con-
tinue to act. 3D..
Mr.. :.Talbert offered a resolution in
substance as follows:
Resolved, that we. the members Of
the State Alliance, in convention now
assembled, do earnestly appeal to every
Sub-Alliance in the State to make
every effort to secure the use of cotton
bagging, and that they use only cotton;
or if a sufficient quantity cannot be OBJ
tanned, then they use any Eother substi-
tute from straw oreven common home
spun, or anything but jute.
Strong resolutions were adopted com
mending the Cotton Plant newspaper,
of Greenvelle, and recommending it to
the members in this State. The con-
stitution for the consolidation of the
Joint Alliance and Wheel was adopted
by vote of % to y. The ratification
of this caused considerable discussion.
The action Of the several counties in
reference to the cotton bagging was
heartily endorsed. Their action second
ed the Alliances fight against jute.
The judicial comnlitte was appointed
for the next year, as follows: NJ. L. Dom
aIdson, J. Stoney Porcher and W. D.
Evans. NJ. l.. Donaldson was elected
business manager and will have charge
of the Alliance store. -.
Delegates to the National Convention
were elected to the meeting to be held
at St. Louis. The representatives are:
w. J..Talbert. ID. X. Norris, #. ?.
Mitchell, and J. f. Jarnlgan and \. P.
Butler alternates.
Resolutions of thanks were offered
to Mr.. Terrell for his interest in the
Alliance. - 49,. ~....-=. ...