The representative. [volume] (St. Paul, Minn.) 1893-1901, 1899-02-15
MIR. Hopkins Proposed Constitution
for the Farmers Cooperative

list. The name of this society shall be
1.-The Grain Growers Cooperative Asso-
citation of Minnesota
I'd The unit shall be the local co-opera-
tive association, which shall be organized
upon the share and sinking fund plan.
3d. It's officers shall be a president. vice.
president, secretary and treasurer and
board Of seven directors.
4th. All officers to be members Of the
ISOLATION.
5th. A majority of the board shall decide
all questions pertaining to the business of
the association, but If any question shall
arise that will affect the interest of the
ISOLATION their action shall be governed by
a majority vote OF all the members by ref
erendum upon petition by one-ffth of all
the members.
9Th. The shares Of said association shall
be ten dollars $50.
7th. Each member shall be entitled to one
vote.
9Th. The fee for membership shall be two
dollars ($2).
9Th. A sinking fund or tax of five per
cent to be deducted from the sales of prod
ucts that may be sold to said association,
the same to be applied to paying indebted
ness and running expenses, and the balance
that shall be left is to be divided pro rata
upon the shares a dividend, at the end
of each months settlement.
10th. The treasurer shall give a bond to
be approved by the board, and the entire
board to be responsible in all cases.
18th. The treasurer to pay out no moneys
unless upon order Of secretary, duly eu-
thorized by the board of directors.
18th. Whenever it shall be deemed en-
pedient to build or buy terminal elevators
and warehouses, certain sum shall be ap-
propriated from the funds of the associa-
ton for that purpose, upon majority vote
Of its members by referendum, if they can
not be present at the meeting that shall be
called by the state board Of directors.
18th. All sums to be appropriated shall
be pro rata upon all the local associations
of the state of Minnesota.
14th. Moneys shall be advanced upon all
products that may be sold to the association
In an amount that would be safe for the
association the same to be regulated by the
board Of directors subject to ratification by
majority vote that shall be called upon
petition by one-fOurth of all its members.
18th. The meetings shall be held once a
month to look over and examine the bank
and business Of the association, and to make
settlement with its members.
18th. The compensation for the services
of the president, vice-president, secretary
and treasurer shall be regulated as condi-
lions may require by the board of directors.
subject to ratification by a majority OF all
its members by referendum vote which can
be called upon petition Of one-ffth OF its
members.
18th. The State Grain Growers Co-Opera-
tive association shall be composed Of men,
bers Of the local organizations Of the state.
18th. The officers Of the Grain Growers
Cooperative Association of the State Of
Minnesota shall be a president, vice-presi-
dent, secretary and treasurer and board
Of seven directors which shall be one from
each congressional district.
10Th. The officers Of the association to
receive such compensation for their
vices as the board Of directors allow, sub
ject to a majority vote from all the local
associations Of the state by referendum vote,
by sealed letter, to be considered at meet
ing that shall be called for that purpose
upon petition Of one hundred G00) members
of the association, and all members pres
ent at said meeting shall be entitled to
vote.
10th. The board of directors shall receive
for their services three dollars $500 per
day and expenses while performing neces-
sary business for the association
Dist. The state board of directors shall
meet once month to investigate the bus.-
ness Of the association and to devise ways
and means to establish terminal cooperative
elevators and warehouses.
22d. The same rules to the bonds OF
the officers shall govern the state as gov
ern the local associations
c. H. HOPKINS.