The Sauk Centre herald., 1911-01-19
Sank Lake Cooperative Creamery
RejOiCes In One
PATRONAGE IS GOOD
Annual Meeting of. Stock holders is
Held and Officers Elected
for Another Year

NJ Cilo dIluudl llleoUllS Ol CI1o SOOCk-
holders of the Sauk Lake Cooperative
Creamery Association, held at the
creamery Monday afternoon, Jan.
16, the following officers were elected
for the coming year:
FL. w. Botz, president.
Adam Orth, vice president.
III. w. Parker, secretary.
Geo. M. Deyoe, treasurer.
Board of Directors, Andrew Wick
lund, Wesley Boyer, Geo. Cleveland.
There was good attendance at the
meeting and much interest manifest
ed by the stockholders. The old Of
ficers were reelected with the excep-
tion of one member of the board of
directors, Geo. Cleveland being the
new member of that body.
1t was voted that no stockholder
should retire from the annual meet
ting until the business is completed,
as it was thought desirable to have
all present to take part in the busi-
ness. The same rule was made to ap-
ply to meetings of the board of direc-
tors. Urgent business will be the
only excuse that will let man get
away from a meeting.
The old policy of allowing each di-
rector s1.OO for every meeting of the
board which he attends was continued.
1t was voted to change the bylaws
so that the annual meeting shall be
held the fourth Monday in January
instead of the third as at present.
The old board of directors was au-
thorized to take such measures as
deemed advisable to secure an ice sup
ply for the year.
After considerable discussion, it was
voted to issue stock to the patrons,
the basis being one share of stock to
represent $1,000 for every L,0OO pounds
~ h,..tar fa+ Iuo- IoiloWlng -eS- -fti,
tions, which were adopted, cover this
stock issue:
RESOLVED: BY the stockholders
of the Sauk Lake Cooperative Cream
cry Association in annual meeting as
sembled, that the capitalstock of this
Association shall be issued.
RESOLVED: That the Board of
Directors shall have power and au-
thority to declare an annual dividend
on the capital stock issued, payable
at the close of each fiscal year, but
not to exceed the sum of six per
cent on said capital stock.
RESOLVED: That any holder of
stock who fails to deliver cream at
the creamery each month as bona
fide patron for at least eight months
of the year, shall not be entitled to
receive any dividend payment on his
stock for that year of such failure to
deliver cream.
RESOLVED: That no sale or as
signment of any shares of capital
stock shall be valid unless such as
signment is approved by two thirds
majority vote of the Board of Direc-
tors, such approval to be printed or
written on the back of the stock GER
tificate to be assigned, and signed by
the president and secretary.
The annual report of the secretary,
W. III. Parker, was read and accepted.
Here it is:
No. lbs. cream received 49, ,538
Total lbs. butter fat 123, ,794.5
Average cream test 1852
Pounds butter shipped 1929
Pounds butter sold merchants 1881
Pounds butter sold patrons 1884
Total lbs. butter 151, ,997
Total overrun 28,203
Per cent of oyerrun 22.78
RECEIPTS
Butter shipped 49,, 1903 Sc
Butter sold merchants $500 IS
Butter sold patrons $50 33
Butter, milk etc. 119 SO
Balance from 1909 274 A
Total s43,57S so
DISBURSEMENTS
Patrons for butter fat s38,S17 "a
Expense 3,445 81
Loan and interest 725 80
Tubs and supplies on hand 4O3 "a
Total s43, 1892 So
Balance on hand 1856 O0
Highest number patrons,
Sept. 1910 143
/ II .OWocf r,rru, tor M Ton 90
Average for year 12l
Ay. net price reed for butter 28.07 cts
paid for butter fat 31.58 cts
Ay. cost to make lb. butter 2.03 cts