The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1918-07-13
business as nearly as possible, a.
cOrding to the following plan:

business as nearly as possible, &C
cording to the following plan:
mo. THAT the said corporation
take over the management or prop
erty of all elevators of the state, and
all buyers licenses.
mo. 2.-That each community in
which there is located an elevator be
notified to proceed to organize board
of trustees to handle all the said bust
ness in such community, said board to
consist of five persons, who custom
arily have grain to sell, and who shall
be selected by ballot by the grain
growers of the said community, and
said trustees to be selected as fol-
lows: When the community has with
in it's territory an incorporated vii
1age, or a city, two members shall be
selected from the county, two from
the village or city, and the said four
shall select the fifth member. of the
said board of trustees who shall be
members and holders of at least one
share of the stock of the North Da-
kota Council of Defense corporation,
provided that when the said elevator
shall be located in city, there shall
be seven trustees. thre from tn cOun-
try. three from the city, and these
shall appoin a seventh trustee.
No. "a the end Of the fiscal year,
all profits made by said board shall
upon the first business day of July
each year be divided among the pa
irons of the elevators in the said
community, according to the number
of bushels sold by the said patron or
through said trustees.
mo. 4.-The said elevators shall be
taken over by lease or purchase, the
payment for the use of the said ele-
vators to be upon a basis Of seven per
cent per annum, upon the actual
physical valuation of said elevator
plants. If the board of trustees shall
take over the property or plant of
any elevator company or owner for
the said corporation, they shall pay
tn eactual physical valuation thereof.
The physical valuation in all cases
where the. owners of the property and
trustees cannot agree shall be deter
mined by a board of three arbitrator,
one to be appointed by the board Of
trustees, one by the owner, and the
two to appoint a third.
mo. 5.-Elevat0r properties used
exclusively for seed grain business or
owned by and contiguous to mills are
not included in this order.
no 6.-The grain purchased and
handled as above set forth shall be
distributed as nearly as possible
through the same commissions and
elevator companies in the same pro-
portion as last year purchased or
handled the \grain from the various
elevators, subject to such necessary
business changes as the local board
of trustees, with the consent of the
North Dakota Council of Defense
shall make.
"No. THE said board trustees
and the said business shall at all
times be under the supervision and dill
rection 0 the North Dakota Council
of Defense corporation and subject to
all laws and rules of the United
States and the state of North Da-
kota.' L
This order had been quite gener.
any ulSCuSocu lOi ocNcIdA udSS pre-
4 vious to the date upon which Mr.. Car
roll understood it to have been pass
ed. Various members of the council
who had talked over the proposition
with the press seemed altogether en-.
thusiastic over it. The same was true
Of Speaker Howard R. Wood. son Of
F. B. Wood of the Equity exchanye
who came to Bismarck to personati,