284 NEBRASKA STATE IK »i:'l' I CULTURAL SOCIETY 



purchase of all materials for use of members of association; and to pro- 

 vide proper facilities for the marketing and sale of the fruit grown by 

 its members. ^^^j^,^ 3 



Section 1. The life of this association shall be twenty-five years. 



Article 4. 



Section 1. The elective officers of this association shall consist of 

 seven (7) directors. 



Article 5. 



Section 1. The officers and directors of this association are hereby 

 authorized and directed to incorporate this association under the laws 

 of the state of Nebraska when fifty (50) shares of stock shall have been 

 subscribed and fully paid, with a capital stock of $30,000, said stock to 

 be divided into 1,000 shares of $30 each. The board of directors may, at 

 their discretion, make provisions to allow not more than t'lree persons to 

 secure one share of stock. In such instance each party shall represent 

 but the proportionate share of the stock he holds. Said stock sliall be 

 non-assessable by the corporation. 



Article 6. 



Section 1. The board of directors shall elect from among their mem- 

 bers a president and vice-president. They shall also choose a secretary, 

 a treasurer, and general manager. The board of directors shall have 

 entire charge of the business activities of the association as hereinafter 

 provided in the by-laws. 



Sec. 2. Membership in this association shall be confined to actual 

 growers of fruit, as provided in the by-laws. 



Sec. 3. The annual meetings of this association for the election of 

 officers shall be on the first Thursday of April of each year. The fiscal 

 year for this association shall run from April 1st to April 1st of each 

 year. 



Sec. 4. A quorum to transact business shall consist of a majority of 

 all members of the association. Any stockholder shall have the right 

 to vote by proxy, but no stockholder shall vote by proxy a .greater number 

 of shares than he shall own in his own right. Each stockholder sliall be 

 entitled to as many votes as he holds shares of stock in the association, 

 provided, however, that one stockholder shall not be entitled to over 

 five shares of stock. 



Sec. 5. This constitution may be amended by a two-thirds vote of 

 the stockholders nt any annual mooting, or at a sjiocial iiiiM>ting called 

 for that purpose. 



BY-LAWS. 



Article 1. 



Section 1. Tho board of directors provided for in tlio constitution 

 shall be elected by the stockholders of the association at its annual meet- 

 ing, and they shall hold their offices for one year or until tlioir successors 

 are elected and fiualified. 



