Co-Operative Organization. 115 







The preliminary meeting above referred to should provide for the 

 expense of incorporation. This consists of the usual fee for filing with 

 the county clerk, also an Organization fee and an annual license fee. The 

 last two fees are to be remitted to the Secretary of State with the 

 articles of incorporation. The Organization fee and license fee are 

 graduated in accordance with the amount of the capital stock. If this is 

 not over twenty-five thousand dollars, the two fees are the same, to-wit: 

 ten dollars where the capital does not exceed five thousand dollars ; fifteen 

 dollars where the capital exceeds five thousand, but does not exceed ten 

 thousand dollars; twenty dollars where the capital exceeds ten thousand, 

 but does not exceed twenty-five thousand dollars. The Organization fee 

 is paid but once. The license fee is an annual matter. The latter should 

 be computed for the time between the date of remittance and July Ist 

 following. 



The same meeting may, if thought best, appoint a committee to 

 solicit subscriptions to the capital stock. A sufficient form for such sub- 

 scription would be as follows: "We hereby subscribe the sums set 

 opposite our respective names to the capital stock of an association, to 

 be hereafter incorporated by authority of a meeting of fruit-growers 

 held at (name the town) on (date)." The subscriptions may even 

 precede the vote to incorporate. In that case the subscription should 

 read, "We hereby subscribe the sums set opposite our respective names 

 to the capital stock of an association of fruit-growers of (name the town) 

 and vicinity, provided said association be incorporated by (insert date)." 



Filing the articles in the two Offices named, and payment of above 

 named fees, constitute incorporation. The three corporators who filed 

 the articles represent the corporation. If stock subscriptions have not 

 been secured, or it seems to the corporators desirable that additional 

 stock should be subscribed before Organization, they or any number of 

 them designated by a majority may solicit and receive subscriptions. 



As soon as the capital stock has been subscribed, the three corporators 

 must give notice to the stock subscribers to meet at a designated time 

 and place for the purpose of electing directors. This notice may be 

 issued as soon as one-half the stock has been subscribed. At Forest 

 Grove we perferred to wait until the entire stock had been subscribed. 

 The notice must be given by Publishing the same for thirty days before 

 such meeting, in some newspaper published at least once a week in the 

 county where the meeting is to be held, or in some newspaper published 

 in like manner and in general circulation in said county. It is very 

 important that the notice be given as above recited. Upon expiration 

 of the thirty days an affidavit should be secured from the publisher, 

 bearing a printed copy of the notice, reciting the character of the 

 publication, frequency of issue, and that it is of general circulation in 

 the county, and showing that thirty füll days elapsed after the paper 

 containing the notice first appeared and before the meeting. 



This meeting when held is in the hands of the corporators, not of 

 the subscribers. The corporators choose the chairman and secretary of 

 the meeting and are inspectors of the election. After reading the afore- 

 mentioned notice and the affidavit of the publisher, the chairman should 

 announce that the object of the meeting is to elect not less than three 

 directors. He should then ask the meeting to decide how many directors 

 are to be chosen. A motion designating the number is the proper 

 procedure. The number having been decided on the meeting should 

 proceed to elect them. In this election each stock subscriber who attends 

 in person, or by proxy signed by him, is entitled to one vote for each 

 share subscribed by him. No one is eligible to the office of director 

 unless he is a stockholder (or in this case, a subscriber to the stock). 



