132 Cooperation in Agriculture 



have prevented the development of a comprehensive mar- 

 keting system in the past. 



A Constitution and By-laws of a Farmers 1 Elevator Company 



The following extracts are taken from the constitution 

 and by-laws issued as a model form by the Farmers' Grain 

 Dealers' Association of South Dakota. It is presented to 

 show how these cooperative associations are handled. 

 The usual provision for officers and their duties, the hold- 

 ing of meetings, the keeping of records, and other routine 

 matters are included also : 



ARTICLES OF INCORPORATION 

 ARTICLE 1 



This corporation shall be known as the 



Company, and its place of business and post-office address shall 

 be , South Dakota. 



ARTICLE 2 



The object of this company is to own an Elevator and such 

 other Buildings as may be necessary, to carry on the business of 

 buying, selling, storing, and dealing in all kinds of Grain, Seeds, 

 Coal, Lumber, Farm Machinery and general merchandise, Live- 

 stock and other commodities that may properly belong to the 

 interests of the stockholders of such company. 



ARTICLE 3 



The capital stock of this company shall be 



Dollars, divided into Shares of the par value of 



Dollars each. 



ARTICLE 4 



The officers of this company shall be a President, Vice Presi- 

 dent, Secretary, Treasurer, and a board of directors, 



