The advocate and Topeka tribune., 1893-08-02
FARMERS AND MANUFACTURERS
COMMERCIAL LEAGUE.

the purpose OF which Is SET out IN Ar
ticle III OF the constitution. The in
terest in this movement is so great and
the demand for information as to its
plan of operations is so sharp that we
present herewith its
CONSTITUTION AND BYLAWS.
ARTICLE l.
This corporation shall be joint stock
company, and shall be called the Farmers
and Manufacturers Commercial League.
ARTICLE II.
It's capital stock shall be $200,0O0 to be
fully paid, and divided into 10000 nOn-as-
sessable shares of $40 each. The proceeds
Of the sale of stock to be used in fitting up a
store and warehouse in Chicago, purchas-
ing stocks of goods, etc, and in building up
and promoting the business as the Presi-
dent and Board of Directors may direct.
Not more than 1000 shares shall be issued
TO any one member.
ARTICLE III.
The object of the Farmers and Manufac-
turers' League shall be to act as distribut-
ing agent, to facilitate the economical dis
tributiOn of merchandise, farm tools and
machinery, lumber and other articles, be-
tween the manufacturer and consumer so
as to furnish such articles as the consumer
may desire, at the lowest possible cost, and
obtain the highest possible price for the
products of the farm, and to organize it's
members into branch leagues for mutual
protection, cooperation, benevOlence and
social entertainment.
ARTICLE ~.
It's central office, headquarters and prin-
cipal warehouses shall be located in Chi \
cago ILL.,, with power to organize branch
leagues and establish branch offices in any
part of the United States.
ARTICLE V.
It's officers shall be President, Vice Pres 4
ident, Secretary, Treasurer, Manager, a 1
Board of seven (7) Directors and Board of \
three (3) Auditors.
ARTICLE vi.
The President, Vice President, Board of
Directors and Auditors shall hereafter be
elected by the stockholders annually, on the
second Tuesday in January, each share of
stock having power to cast one vote The
Secretary, Treasurer and Manager shall be
elected by the Board of Directors
ARTICLE VII.
SECTION l. It shall be the duty of the
President to preside over all meetings Of
the stockholders and Board of Directors, of
which he shall be a member, sign all stock
certificates, and exercise general super
vision over the business Of the corporation
1t shall be his privilege to veto any act of
the Board of Directors which does not meet
with his approval giving his reasons there
for in writing, and handing the same to the
Secretary within five days after the act
was passed. Otherwise the act shall be-
come a rule of the corporation.
SEC. g The Vice President shall preside
at meetings of the Board of Directors dur
ing the absence of the President.
SEC. 3. The Directors shall elect the
Secretary, Treasurer and Manager, legis
late for the corporation, making rules for
the government of its employees and for con-
Quoting its business, not in conflict with
this constitution; make appropriations and
direct the uses to which they shall be APP
piled. For this purpose they shall hold
quarterly meeting on the second Tuesday Of
January, April, July and September, Four
Directors shall constitute quorum A vote
OF twO-thirds of the Directors shall be suffi-
cient to pass an act over the Presidents
veto.
SEC. 4. The Secretary shall be an en-
ploye Of the corporation. He shall keep the
minutes of al regular and called meetings
OF the Directors and stockholders, and shall
be head bOok-keeper and responsible for all
records of the corporation. 1t shall also be
nlS uuIy 10 ASSIST IN Jne prOmOIlOn ana or
ganization Of branch leagues and establish
ment Of branch offices; therefore ne shall
also be an experienced correspondent.
SEC. 5. The Treasurer shall be an en-
plOye Of the corporation, and, in addition to
the usual duties of a Treasurer in like cor
porations, shall act as cashier, receiving all ,
moneys and paying out the same, on order
OF the Secretary acting under instructions !
OF the Board Of Directors.
SEC. 8. The Manager shall have direct
supervision of the commercial business of
the corporation. AS its success largely de-
pends upon the Manager he must be expe- |
rienced in mercantile affairs, accustomed to
buying and selling merchandise, and ac- /