1242 New York State Agricultural Society 



Resolved, That we favor the establishment of receiving 

 terminals along the water front of the Xortli River and East 

 River for the Boroughs of Manhattan, Brooklyn and the Bronx; 

 also the establishment of a sufficient number of retail markets 

 for the handlino- of food stuffs in locations reasonablv accessible 

 to the population in the more crowded district of Greater New 

 York. 



That the boundary lines of these markets should coincide in 

 such a way that the territory shall be fully supplied when such a 

 chain of markets has been completely established: 



That the City of New York should furnish the sites for such 

 terminals and retail markets, but that the same should be operated 

 by a cooperative operating company consisting of producers and 

 consumers, making provision for the payment to the City of New 

 York of a rental that shall be appropriate to the investment made 

 by the city. 



Resolved, That we here and now proceed to the organization 

 of a cooperative corporation, under the laws of such state as may 

 be determined by the committee, to consist of 100,000 shares at 

 a par value of $5 per share, with $1 per share for surplus: 



That the work of the organization be put into the hands of a 

 committee of five consisting of chairman, John J. Dillon, Mrs. 

 Julian Heath, William Church Osborn, Ezra A. Tuttle, George 

 W. Sisson, Jr., Honorable Seth Low: 



That this committee be authorized to perfect its charter and 

 have it ready for filing at the meeting of the New York State 

 Agricultural Society in the City of Albany on January 13, 14 

 and 15: 



That the receipts of the stock subscription be paid into the 

 hands of the treasurer of the corporation when organized, the 

 treasurer to be placed under bond before receiving any money 

 subscriptions : 



That each stock holder shall be entitled to one vote irrespective 

 of the number of shares that he holds, and the holding of any one 

 individual is to be limited to 100 shares. Only the surplus is 

 to be used for organization purposes and the capital stock 

 shall bo devoted to the business purposes of the organization 

 exclusively : 



