FRANCE - CO-OPERATION AND ASSOCIATION 



loans contracted and the discharge of the engagements entered into in 

 respect of the initial installation : 



I St. 10 % to form a reserve fund ; 

 2nd. 5 % to found a thrift fund ; 

 3rd. 5 % for bonuses to employees; 



4th. 80 % to members and adherents of the society in proportion to 

 the consignments and sales made to each of them. 



Art. 5. — Any inhabitant of one of the eight communes mentioned 

 in article i, or a neighbouring commune, without distinction of sex or 

 nationality, may become a member of the Co-operative Bakehouse at any 

 moment, on payment of the subscription provided, the application, which 

 must be made in writing, is accepted by the Board of Management. 



Art. 6. — The period for which the society is founded is unUmited ; it 

 does not end with the death or the retirement of one or more members, since 

 it may continually recruit new members. 



Art. 7. — The admission of a member is proved by the entry in the 

 register for the purpose and the immediate consignment to him of a pass 

 book bearing his mame in full, the date of his admission and the number 

 of his order. 



Art. 8. — Any member may freelj' leave the society. By withdrawing 

 he will lose all right to his contribution and to any profits that may be dis- 

 tributed, as well as his share in the capitalised reserve fund. 



Art. 9. — In case a member dies, his heirs or assigns can only claim 

 the amount in his current account after the inventory has been made and 

 approved at the General Meting. 



Art. 10. — As the co-operative society is in the first place personal, 

 an heir of a deceased co-operator only succeeds him in the society ; a co-oper- 

 ator cannot cede or transfer his rights or his share to a third party without 

 authorization from the Board of Management. 



Art. II. — The Board of Management has power to expel a member 

 from the society ; grounds must be given for the action; it can then be ex- 

 ecuted and the person concerned must be given written notice, and shall 

 have right to appeal to the next General Meeting. 



Art 12. — Any member who has been expelled may be readmitted, but 

 cannot be a member of the Board of Management or of the Council of Super- 

 vision for a year from date of his readmission. 



Art. 13. — To establish his right, any member must present the 

 pass book delivered to him on his admission. 



Art. 14. — Applications for admission must be made in writing to the 

 secretary, who must communicate them to the Board of Management at 

 its next meeting 



Art. 15. — The co-operative society is managed by sixteen members, 

 elected by ballot, by a majoritj^ of votes of the members present, in the pro- 

 portion of two members for each of the communes mentioned in article i. 



Art. 16. — The members of the Board receive appointment for one 

 3^ear. Any member may be reelected. 



