The Waco evening news. [volume] (Waco, Tex.) 1891-1894, 1894-05-10


tee shall be elected by ballot for the
term of one year; such election to
take place at the annual meeting by
maj ority vote of the members pres
emit.
Article Ill. Section |. The regu.
lar annual meeting of the associa.
ton shall be held on the second
Thursday in May at such place as
may have been designated by ma
jority vote of the members present
at the previous meeting.
Sec. 2 The executive committee
may call special meetings of the as.
sociation whenever the interest of
the association may demand it.. The
president may call special meetings
of the association on the written re-
quest signed by ten or more mem.
bers.
Article Nv. Section l The presi.
dent, or in his absence the vice.
president, shall preside at all meet.
ings, or in the absence of both, the
members present shall elect a presi-
dent pro tenn.
Sec. 2. The president, with the
concurrence of the executive com.
mittee, shall appoint all committees
unless otherwise provided, and shall
have authority, when he deems it
necessary, to call together the
executive committee, or it shall be
his duty at the request of any two
m embers of the executive commit.
tee to call the same together.
Article V. Section l. The secre.
tary shall keep record of all meet
ings and Of such other matters that
may be Of interest to the associa-
ton, conduct all correspondence
and preform any other service that
may be required by the executive
committee and shall receive such
compensation as the committee may
direct.
Article VI. Section l. The treas
urer shall receive and keep an &C.
count Of all moneys received by
him; pay all bills when certified
as correct by the secretary, and ap-
proved by either the president or
vice president of the association
and make detailed report at each
annual meeting and also report at
such other times as the executive
committee may require.
Article VII. Section /. The ex.
ecutive committee shall have con
troll of the internal affairs of the
association, shall designate the time
and place of special meetings and
shall have the power to fill vacan-
DIES which may be occasioned either
of an officer or other member of the
committee.
Article VIII. Section /. These
by laws may be repealed, altered OIL
amended by two.thirds vote of al
the members present at any regular
meeting, due notice of the same
having been given.
A telegram was read from A.
Symes, at Austin, stating he had
disposed of his interests in the oil
mill business and would not partici
pate.
Pending consideration of the re.
port of the committee on constitu
tion and bylaws, the association ad
journed until 2 o'clock.
The report as printed above is as
it came from the committee. 1t
will probably be modified during
the consideration.
ITS PURPOSES AND OBJECTS.
There has been considerable con.
lecture on the streets as to the real
objects of the organization of the
Texas Cotton Oil Exchange, many
persons thinking that it was for the
purpose of reducing the price paid
for seed.
"Such is not the case," remarked
gentleman who seemed to be post
ed Last season the oil mill business
in Texas did not yield profit, but
it was not on account Of the price
, paid for seed. There are in the
United States only six markets
where the oil mills can dispose o.
their product. These markets art
, controlled by the millionaires, who
reduce the price of the product a