172 THE MARKETING OF WHOLE MILK 



basis of one-tenth share per cow. Any person or firm 

 producing milk may become a stockholder. Shares are 

 not transferable until the secretary has been given thirty 

 days' notice of intention to sell. The corporation reserves 

 the right to buy at par value. 



The plan of organization is to group the members into 

 local and county associations. Members of the league 

 at any shipping point may organize " to assist the directors 

 and facilitate the business of the company and transact 

 such other business of the company as its members may 

 decide, if it does not conflict with the purpose of the 

 organization." l County associations may be formed by 

 the members in any county* At a meeting of a county 

 association the voting is done by the presidents, secre- 

 taries, and treasurers of the various local branches in the 

 county. 2 



At an election of the Dairymen's League the voting is 

 by shares, in person or by proxy. At the annual meeting 

 held in December, 1918, over twenty-four hundred stock- 

 holders were in attendance. 3 Delegates from the various 

 local branches are expected to secure proxies from as 

 many as possible of their local members. 4 



In addition to the proceeds from the sale of capital 

 stock, the league gets a considerable amount of revenue 

 from commissions on sales of milk levied at the rate of 

 one cent per hundredweight. For the twelve months 

 ending November 30, 1919, the revenue from this source 

 was $270,695. 26. Of the fund resulting from this one 

 cent per hundredweight commission, the league is now 



1 Proposed By-law for Local Branches. 



2 Proposed By-laws for County Associations. 



3 Dairymen's League News, Mar. 25, 1919, p. I. 



4 Ibid., Dec., 1918, p. 5. 



