Willmar tribune. [volume] (Willmar, Minn.) 1895-1931, 1896-01-14

absent Or otherwise unable to attend
to them.
The Secretary shall keep a record
OF all the meetings of the association
and make and sign all orders upon
the Treasurer.
The Treasurer shall receive and re-
ceipt for all money belonging to the
association, and pay out the same on
ly upon orders which shall be signed
by the secretary. He shall give bonds
in such amounts as the association
shall provide.
The President, Vice President Sec
rotary, and Treasurer and three trus-
tees shall constitute a Board of Direc-
tors, whose duties shall be to audit
and allow all just claims against the
association. They shall compute the
amount of milk receipts, the amount
of product sold, and the money re-
ceived therefore, and after deducting
from the total receipts the percent
age herein provided for as sinking
fund and also the running expenses,
on the Goth day of each month divide
the remaining receipts of preceding
month among the members and pa
irons of the association, proportion
ally to the amount of whole milk, or
fat furnished by each; provided, how
ever, that in case of withdrawal OF
any member from this association, be-
fore the the money herein provided
to be borrowed shall have been paid
in full principal and interest. all pro-
duct from milk furnished by such with
drawing members then on hand, and
on any money received from such pro-
duct, then in the possession of the as
ISOLATION, shall be retained until all
such money so borrowed shall have
been fully paid, and thereafter said
money or and remainder thereof after
applying to the just shares of such
Withdrawing members therefrom to the
repayment to any balance of such in
debtedness not paid from the sinking
fund, shall be paid over to him or his
assigns.
The Board of Directors shall cause
the Secretary to make, in writing, are
port to the annual meeting to the as
ISOLATION, setting forth in detail the
gross amount of receipts from pro-
duct sold, and all other receipts, the
amount paid out for running expenses,
the sums, if any, paid out for milk,
and all other matters pertaining to
the business of the association.
A like statement containing the gross
amount Of milk receipts, the net re-
ceipts from product sold and all run.
ming expenses of the creamery shall
be made and posted conspicuously in
the creamery building at the time of
division Of the prior month receipts as
The Board of Directors shall bor-
row sum of money not exceeding
.....Thousand dollars, to be used
by them in the erection, completion
and furnishing of the creamery build
ing and for no other purpose. Said
members of said board may borrow
said money on their individual re-
sponsibility, and in case they shall do
so, then the sinking fund herein pro-
vided for shall then be applied inpay-
ment of such borrowed money as the
sums fall due in the same manner as
though said money had been borrowed
by the association. Said members of
the said board in such a case shall be
held to be the creditors of the asso-
to the money unpaid, and sew
eral members of said association shall
be personally responsible, jointly and
sevcrally for the same. Provided,
however, that prior to any legal as
sertion of such individual response
bility, the entire sinking fund. then oc-
crued, and on hand shall be applied
upon such indebtedness: and provided
further, that said member so borrow
ing said money, may if they elect, de-
mand and receive anypart or all of the
money received from the product sold
then in the possession of the associa-
ton upon such indebtedness before
enforcing such personal responsible
lty. In which case only that part of
such Indebtedness remaining after
applying thereon all sums so received
shall be recovered on demand from
the members of the association.
ARTICLE V.
The several members shall furnish
all the milk from all the COWS SUBJ
scribed by each, all the milk to be
sound, fresh, unadulturated, pure and
unskimmed, and patrons of the Asso-
citation not members may by agree
ment with the board Of trustees furnish
such amounts of milk as may be
agreed upon. The Association shall
receive all such milk so furnished.
manufacture the same into butter,
cheese or both and sell and receive all
money from the product; and from the
money SO received, deduct such a per-
centage thereof, Or such a number
OF cents per one hundred pounds OF
milk as shall have been agreed upon
by the association in the bylaws or
otherwise, and also deduct the rum
ming expenses of the creamery, the re-
mainder thereof to be distributed as