The Columbia evening Missourian., 1922-03-07
FARMERSHAVE
COOPERATIVE
ORGANIZATION
Warehouse Association Will Do
Agricultural and Mercan-
tile Business OH
Joint Basis.
CAPITAL TO TOTAL $4,000
Profit to Be Shared Among
Members Who Have l
Vote Each-StOck Is
$40 a Share.


iently located warehouse on one Of the
railroad sidings. competent and exper
fenced manager at the head, and a rep
resentative membership from all over the
county. is the plan Of the Columbia Co.
operative Warehouse Association, com.
posed of Boone County farmers.
This has been under consideration b,
The more progressive farmers for a long
lime. Only recently has work begun on
these plans. Subscriptions have been re-
ceiyed at several meetings, and on Saiur.
day afternoon a meeting was held in the
courthouse which was attended by about
sixty farmers Of Boone County.
Al the time this meeting was held
there had been subscribed about eight,
shares of stock al $40 a share. ". r.
Clark, Of the Columbia Shippers Asso-
citation outlined two possible plans of
organization.
TWO PLANS PROPOSED.
The first plan was for the organization
Of corporation Of farmers for the pur-
pose of carrying on an agriculture and
mercantile business on a cooperative
basis. The association was to be incor-
porated for $4,000 capital stock with
a paid up stock of $500. The shares
Of stock we're to be sold for $40 each.
and only those who bought stock were
10 be allowed TO share in the benefits of
the association. Out of the proceeds de-
rived from the sale of this stock there
was to be built suitable warehouse. and
a competent manager employed who
would carry on the business.
The second plan that Mr.. Clark out
lined was one whereby a membership
fee of $40 would be charged for the priv.
ilege of belonging TO a cooperative buy
ing and selling club. This would not
require as much capital as the warehouse
association. Under this plan ware
house would be secured and a manager
placed in charge OF If. but who, instead
Of being paid salary, would be given
commission on the amount Of business
done and who would pay all of the op-
Grating expenses.
After a discussion Of each Of these
plans, it was decided that the las; was
impractical in Boone County. A vote
was taken and the first plan. with reser.
vations, was unanimously adopted by
those present.
1t was next moved that organization
under the first plan be begun as soon
as possible. a constitution adopted. Of
ficers elected and incorporation papers
secured.
1t was suggested that TO expedite mai.
iers the association adopt in as far as
possible the constitution and bylaws
tha, had been prepared for the Coop.
craliyc Elevator Association by the Col I:
lege Of Agriculture. and on a motion a
constitution patterned after this was
adopted.
PROVISIONS or CONSTITUTION.
Some Of the main points that the con-
s;itution covered are:
The name of the organization shall be !!
the Columbia Cooperative Warehouse
Association, organized for the purpose Of
doing an agriculture and mercantile bus |
iness on a cooperative basis. 1t is TO
be Incorporated for $4,000 with a paid
up stock of whatever can be raised be. /
tween now and the time for incorpora.
ting. The stock shall be sold for $40
a share and no member shall be allowed
10 own more than five shares of stock. |
and no member shall have more than one
vote in the association.
The annual meetings Of the associa- !
lion shall be held on the second Satur-
day Of each February. The officers Of
the association shall consist of a presi. |
den. vicepresident. sccrctay-trcasurer.
and board Of directors. composed Of
seven members. Only members of the |
association shall be allowed to share in
whatever profits the association shall
make.
A meeting will be held Saturday aft.
ernoon. March l8, at the courthouse. to
elect officers and directors. In the mean.
time a drive will be made to secure
more members.