Co-Operative Organization. 123 



The books and papers of the association shall be open to inspection 

 of any stockholder, at all times during business hours, every day except 

 Sundays and legal holidays. 



5. Treasurer. — The treasurer shall receive, hold and account for all 

 funds of the association, and pay them out only on the order of the 

 President, countersigned by the secretary. At each annual meeting of 

 stockholders, he shall submit a complete statement of his accounts for 

 the past year, with proper vouchers for disbursements made, and shall 

 perform such other duties as pertain to the office of treasurer. 



6. Every officer or employee having the handling of funds shall be 

 required to give bonds, in such sum as the Board may direct, conditioned 

 upon the faithful discharge of their duties. 



Article VII. — Amendments. 



These by-laws may be amended at any annual meeting of the stock- 

 holders, or at any special meeting of the stockholders called for that 

 purpose, provided that for such special meeting the same notice shall be 

 given as is required for the annual meeting. Provided further that the 

 substance of the proposed by-law shall be set forth in all such notices. 



