Keowee courier. [volume] (Pickens Court House, S.C.) 1849-current, 1889-08-08
BY 8THHoMPI,soN, sMITH 81 s JAYNEs. Il

Utlt2t4 yC}ASliubSc2 Al 4liIS
alliance, and shall give bond in the
sum Of $500 fol, the faithful per-
Iformance Of hisI duty.
4 Article 9. The State trustee stock
holders shall hold an annual meet
| ing at the same time and place as
| the Farmers State eAlliance of South
Carolina: Provided, that the board
of directors shall have the power to
call a meeting whenever in their
Judgment it is necessary.
Article 10. Each county alliance
shall elect county business agent:
Provided, that no delegates to tho
county alliance shall be allowed to
vote on his election nnless the Sub
alliance which they represent has
stock II tl.:s corporation. TIC ti1 tsiF1s-
tee stockholders in each county shall
at the regular annual meeting elect
a board of directors of not more
than seven from their number to
serve for one year, who shall super
wise the work of the county agent,
fix tho amount Of pay he is to re-
ccive and of the bond he is to fur
nish for the proper discharge of his
duty.
Article IL. Tho State trustee
stockholders shall elect annually nine
from thcir number as a board of di-
rectors, five of whom shall consti-
tute quorum for the transaction Of
business. The State board of dircc-
tors shall elect from their number a
president, vicc-presidcnt and secre-
tary and treasurer. They may en-
ploy and discharge such assistants as
they deem necessary, fixing the
amounts of their remuneration and
Of their bonds; they shall enact such
bylaws and regulations rs they deem
requisite for the proper management
of the business of the corporation,
subject to an approval by the next
meeting Of the stockholders: Provid-
ed, all such bylaws and regulations
shall have full force of law till said
meeting.
Article II. All profits earned shall
be applied, first, to pay all operating
expenses; second, to pay 8 per cent
per annum on the amount of the
paid up capital stock; the balance of
profits, If amy, shall be distributed
among the Sub-Alliances holding
stock through their trustees in this
corporation, in proportion to the
amount of their purchases and sales.
Article IS. This act of incorpora-
ton may be modified, changed or
altered, or said corporation may be
dissolved with the consent of
thrcc-fourths of the stock represent
ed, and a majority of the amount
thereof issued, at any general meet
ing of the stockholders of said cor
poration, convened for such purpose,
after thirty days notice of such
meeting shall have bccn given in two
daily papers published in the State
and in the State otfitia, organ.
Article ii. Whenever this corpor-
alton may be dissolved, either by
limitation of it's charter or from any
other cause, it's affairs shall be liqui-
dated by three commissioners, to be
elected by the stockholders at a gen
cral meeting called for the purpose.
Said commissioners shall remain in
Office until the affairs of said COR
poration shall have been fully liqui-
dated, and in case of the death of one
or more of said commissioners the
said survivor or survivors shall con
tinuc to act.
The delegate to the National Con-
vcntion arc Messrs. w. J. Talbert,
ID. Il. Norris and n. p. Mitchell.
Altcrnatcs-J. e. Janigan and A.
u. Butlcr.
The election of officers for the en-
suing year was gone into and resulted
as below, there being no disposition
to make changes, what changes were