Consumers' Cooperative Statutes and Decisions, to January 1, 1937: The Consumers' Project
U.S. Government Printing Office, 1937 - Consumer cooperatives - 219 pages
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action adopted agricultural amendment amount annotation annual apply articles of incorporation asso association organized Atty authorized board of directors bylaws called capital stock certificate chapter ciation complied conducting constitute contain contract cooperative association cooperative corporation copy corporation law corporation organized court debts deemed distribution dividends duties earnings effect elected entitled exceed existing filed fixed formed fund held hold holders increase individual interest issued least legally less liability limit majority managers manner marketing membership necessary Note notice number of shares operating otherwise paid patronage patrons payment percent permitted person preferred prescribed present president principal profits purchase received recorded regular reserve secretary sell shareholders shares signed society special meeting specified statement statute stockholders subscribed term thereof thereto tion transfer unless vote written
Page 88 - ... for as many persons as there are directors or managers to be elected, or to cumulate said shares, and give one candidate as many votes as the number of directors multiplied by the number of his shares of stock shall equal, or to distribute them on the same principle among as many candidates as he shall think fit; and such directors or managers shall not be elected in any other manner.
Page 26 - Associations organized hereunder shall be deemed non-profit, inasmuch as they are not organized to make profit for themselves, as such, or for their members, as such, but only for their members as producers. This Act shall be referred to as the "Co-operative Marketing Act.
Page 119 - The officers of every such association shall be a president, one or more vice presidents, a secretary, and a treasurer, who shall be elected annually by the directors, and each of said officers must be a director of the association.
Page 160 - No corporation shall issue stock or bonds, except for money paid, labor done, or property actually received, and all fictitious increase of stock or indebtedness shall be void.
Page 22 - ... must be a director of the association. The office of secretary and treasurer may be combined, and when so combined the person filling the office shall be secretarytreasurer.
Page 152 - ... right to vote. Except for debts lawfully contracted between him and the association, no member shall be liable for the debts of the association to an amount exceeding the sum remaining unpaid on his membership fee or his subscription to the capital stock, including any unpaid balance on any promissory notes given in payment thereof.
Page 174 - The affairs of the Association shall be managed by a Board of not less than five directors, elected by the members or stockholders from their own number.
Page 102 - Act, whether limited by shares or by guarantee, shall paint or affix, and shall keep painted or affixed, its name on the outside of every office or place in which the business of the company is carried on, in a conspicuous position, in letters easily legible...
Page 124 - ... capital stock to an amount which at par value would equal the fair market value of the stock or interest so purchased, as determined by the board of directors. In that case the transfer to the association of the stock or interest purchased shall be equivalent to payment in cash for the shares of stock issued.
Page 153 - An association may organize, form, operate, own, control, have an interest in, own stock of, or be a member of any other corporation or corporations, with or without capital stock, and engaged in preserving, drying, processing, canning, packing, storing, handling, shipping, utilizing, manufacturing, marketing or selling of the agricultural products handled by the association, or the by-products thereof.