170 THE MARKETING OF WHOLE MILK 



to subscribe for a minimum of one share and an additional 

 one-tenth share for each cow above ten. The members 

 hold their membership directly in the central organization, 

 but are grouped into locals about the various marketing 

 centers. 



The plan of organization of the company is unique in 

 two respects. With producers scattered over a wide 

 territory, there is always difficulty in keeping members 

 in sufficiently close touch with the board of directors and 

 officers. In order to bridge the usual gap and to make 

 the association truly democratic, provision is made for an 

 advisory council, composed of representatives of the 

 local branches at the ratio of one councilman to every 

 fifty members or major fraction thereof in a given local. 

 Theoretically this council is "an organization of the stock- 

 holders for the purpose of looking after their interests and 

 directing the general policies of the company." l The 

 board of directors of the company is the executive com- 

 mittee of the advisory council. The board of directors 

 have the privilege of the floor but may not vote. The 

 officers of the company are ex officio officers of the ad- 

 visory council. Special meetings of the advisory council 

 are to be called by the president or secretary at the re- 

 quest of the majority of the board of directors or at 

 the request of twenty-five members of the advisory 

 council. 



At the quarterly meeting held on the first Friday in 

 June, the council places in nomination the names of not 

 less than five stockholders to be voted upon at the annual 

 election of directors for the ensuing year. It also appoints 

 three tellers, who "shall meet at the principal office of the 

 company on the fourth Saturday of June and shall count 



1 Dairymen's Price Reporter, Jan. 20, 1920, p. 2. 



