CREA^IERIES AXD rHEESE FACTORIES. 315 



financial account between the association and its members, 

 and shall have charge of all property not otherwise disposed 

 of. He shall give such bonds for the faithful performance 

 of his duty, and receive such compensation for his services, 

 as the board of directors may determine. 



XI. It shall be the duty of the treasurer to receive all 

 money belonging to the association, giving his receipt 

 therefor. He shall draw all money for the payment of 

 claims against the association under the direction of the 

 board of directors. He shall make a report to the board of 

 directors at such times as they may require. He shall per- 

 form all duties required of him by the laws of the common- 

 wealth and shall give such bonds for the faithful perform- 

 ance of his duty as the board of directors may require. 



XII. It shall be the duty of the board of directors to 

 attend to the general affairs of the association, invest the 

 funds of the same, appoint such other agents and officers 

 as in their judgment the interests of the association require, 

 and fix all compensations. They shall keep or cause to be 

 kept a correct account of all cream or milk furnished by 

 the stockholders or patrons, and a correct account of all 

 sales. They shall prescribe the rules and regulations 

 governing the collection and delivery of the cream and 

 milk; may cause the quality of the same to be tested as 

 often as may be deemed expedient; may authorize the prem- 

 ises of any stockholder or patron to be inspected, and 

 may reject and refuse to collect or receive any cream or 

 milk that is unsatisfactory or not furnished in compliance 

 with the prescribed regulations. They shall establish 

 prices and have full power over the business of the associa- 

 tion, and shall in all cases pursue such measures as in their 

 judgment will tend to the best interests of the association. 

 They shall make a full report of their doings, and a full 

 statement of the business at each regular meeting, or 

 whenever called upon to do so by vote of the stockholders. 



XIII. The duties of the auditors shall be to audit all 

 accounts of the association, making a report to the board 

 of directors at the time of the regular meetings, and at such 

 other times as they may require. 



