SUPPLEMENT. 693 



14. To form a quorum of the executive committee the presence of at least three mem- 

 bers is required. In case of a tie the president has the casting vote. Every subject of 

 discussion must, if two members of the committee desire, be laid before the general 

 assembly for decision, and in this case a special meeting of the general assembly is to be 

 called. The proceedings of the committee are to be recorded. 



15. The executive committee represents the association in all legal proceedings, and 

 signs for it. The signature is valid in the name of the superintendent or the vice- 

 superintendent and one other member of the executive committee under the title of the 

 association. The legitimation of the executive committee is made by a certified extract 

 from the record of its election and that of the vice-superintendent. 



1C. The superintendent, in addition to the other duties imposed upon him by the orders 

 of the executive committee and the general assembly, is required: (a) To issue calls for 

 the meetings of the committee and general assembly, to preside over the same, and to 

 take care that the resolutions there adopted are carried out to the letter; (6) to have an 

 oversight of the buildings and all movable effects belonging to the association, which 

 he, according to the inventory, has under his charge; (c) to order as often as possible 

 examinations of the milk, to watch over the employes, and to hold at least once a year 

 a special revision of the accounts; (d) to announce immediately to the committee any 

 irregularity in the books or business in order that measures may be taken tending to 

 the safety and surety of the association. 



17. The accountant, who at the same time acts as bookkeeper, if the committee does 

 not decide otherwise, has charge of all the funds of the association and keeps the books as 

 to income and outlay according to his acquaintance with the business. Payments from the 

 treasury of the company can only be made by written order from the superintendent or 

 the vice-superintendent and some other member of the committee. He must allow at 

 any time a revision of books to be made by the superintendent. 



18. The call for the general assembly, which has the final decision in all the affairs 

 of the company, and which is issued by the superintendent, must be made in writing, 

 and not later than three days before the holding of the same, with mention of the matters 

 to be discussed. 



19. The regular general assembly, at which the yearly accounts are to be rendered, 

 with a report of the examination of the same, as well as the election of the new committee 

 and the auditors of accounts must take place not later than the end of February in each 

 year. Special general assemblies can, in cases of emergency, be called in at any time; the 

 superintendent is obliged to call them if the committee decides, or if a third of the 

 members propose it, with a written statement of the subjects to be discussed. 



20. At the elections each member has one vote, and it is not transferable. The elec- 

 tion of officers, as well as the votes on receiving or excluding members, must be done 

 by written ballots. On any other questions members may vote by rising from their 

 seats, or remaining seated, provided that the general assembly may at any time decide 

 upon another mode of voting. 



21. Besides the cases mentioned in section 32 the general assembly is at any time 

 qualified to decide whether the call has been regularly issued, with a mention of the 

 subjects to be discussed. 



22. Decisions are binding for all members of the association, if they are taken by vote 

 of a plurality of members present. In case of a tie, the vote of the president decides. 



23. The general assembly has the right to withdraw the privilege of presiding officer 

 from the superintendent on any proposition brought before it, and to offer that privilege 

 to any other member of the association. 



24. Minutes are to be kept of all decisions, and these minutes, after having been read 

 and adopted, are to be signed by all the members of the executive committee. 



25. All subjects not expressly appertaining to the executive committee must be sub- 

 mitted to the decision of the general assembly. 



26. The necessary funds for carrying out the objects (g 1) of the association are to be 

 raised (1) by admission fees, (2) by mortgage, (3) by fines and other payments. 



27. The fiscal year is identical with the calendar year. At the end of the year the 

 committee shall settle its accounts and take an inventory. The balanced account for 

 the year is to be forwarded for examination to the auditors of accounts not later than 

 the end of January, and Is to be placed before the regular general assembly not later 

 than the end of February with a report of the results. 



28. The yearly account must include: (1) All income and outlays; (2) a special ac- 

 count showing profit and loss; (3) the balance showing the assets of the association at 

 the close of the year. 



In the latter are to be mentioned, under active capital: (1) the condition of the Treas- 

 ury in ready money; (2) the securities actually in hand quoted at their market value; 

 (3) money collectible except that not bearing interest and that of which the probable 

 value cannot be estimated with any certainty; (4) the actual dairy products and other 



