The times. (Owosso, Mich.) 1882-1897, 1891-02-13

A meeting of The Shiawassee Count
Cooperative Milling Association. hello
i'm this city, Feb. z, was well attended, Their
being unanimous feeling and very salts
factory meeting. Officers elected were, Pres.
w. ). Spaulding, Rush; Vice Pres, w
Carson, OwOssO; r. w. Sawtel, Perry; Sec
K. Ii. Cherry, OwOssO. Estimates of cos
were furnished which seemed reasonable
Another meeting will he held Feb 21st fol
the purpose of electing directors and doing
such other business as may come before it.
All citizens of Shiawassee or adjoining
counties who are favorable to building Co
operative mill are cordially invited to be
present and take part in the business of the
meeting. Meeting will DO held at the K. OF
l.. hall. OwOssO, Feb, 81, at 10 am. sharp.
By order of Milling Association.
K. II. Cherry, Secretary.
last meeting we give the following brief outline
of the measures adopted which win be subject
to such changes or amendments as the stock
holders may deem advisable.
1t is necessary, tc carry out the ideas of this
association that it should have capital sufficient
to arrange for what buildings or storage are nee.
essary. The capital will be in as small shares
as possible, so that the many instead OF the few
The corporation shall be carefully organized in
accordance with State laws.
ARTICLE 1. This corporation shall be known
as the Shiawassee County Cooperative Milling
Association. It's business shall be to do Touring
and custom grinding.
ARTICLE III. The capital stock OF this asso-
citation shall be linn ted to $4,000 in shares of
$500 each No person shall be allowed to own
4l.,1f
one vote.
be elected at the first annual meeting OF the as
ISOLATION, two for one year, two for two years
and two for three years. And thereafter two
directors shall be elected annually TO serve for
two years. They shall constitute an executive
committee who shall have general control and
management of the corporation. president
vice president, secretary and treasurer shall be
elected annually by the stockholders of said
corporation. The president and secretary shall
be ex-oficio members Of the board No con.
tract shall be made without the assent OF two
thirds OF the board of directors.
ARTICLE Nv. The annual meeting OF the cor.
poration shall be held on the first Wednesday
after the first Monday Of January at which
meeting fifteen stockholders shall constitute q
quorum. Notice Of such meeting shall be given
by publication ten days prior to said meeting.
The directors OF this association shall meet once
in six months only unless at the call of the pres
dent and secretary or majority of the board |
Notice Of such meeting shall be personally seIv |
ed on each director or mailed TO his address at |
east three days before the meeting.
ARTICLE v. The secretary and treasurer |
hall give o good and sufficient bond for the |
aithful performance of the duties of their Office
ARTICLE vi. Certificates Of stock shall be
ssued to each stockholder under the common
zeal of the corporation signed by the president
md secretary, The stock shall only be trans
cradle on the books Of the corporation by the
eturn of the stock certificate and and one dol
ar recording fee.
ARTICLE VII. All information secured by
his corporation such as market reports, points
4 shipment or any other matter Of interest to
he corporation shall be considered business
ecrets which no member Of the board shall have
he right to,divulge to any person not member
I the milling association.
ARTICLE VIII. No article of this corporation
hall be suspended, changed or amended except
regular meeting, two weeks notice having
cen given each member thereof. Said notice
hall state the proposed Suspension, change or
mendment and reason therefor To have effect
nd become binding upon this corporation the
anne shall receive q two thirds vote.
ARTICLE TX. Any funds remaining in the
reasury at the close of the year after all bills,
ervices and expenses incurred for the benefit OF
ne corporation are paid, 500 shall be retained
5 contingent fund. The remainder shall be
lvided as a dividend pro rata in proportion to
he stock owned by each stakeholder.
Those who live at a distance and wishing to
old stock can see any of the gentlemen named
Glow who win attend to having their amount
stock recorded:
r. w. Sawtell, Perry; G w. Matoon, Vernon
J. Colby, Bancroft; John A. Lawcocl, Venice;
II. Crate, Middlebury; w. W.Curtis, Wood.