BUSINESS PEACTICE AND ACCOUNTS FOR COOPERATIVE STORES. 5 



Form 2.— SUBSCRIPTION AGREEMENT. 



We, the undersigned, do hereby subscribe, each respectively, for the number of 

 shares of the Capital Stock of the Farmers' Cooperative Association set opposite our 

 respective names, and do agree to pay for such shares the par value thereof, to wit: 

 Twenty-five Dollars ($25) for each share of stock so subscribed, at such time and in 

 such manner as may hereinafter be directed by the Board of Directors of the said 

 Farmers' Cooperative Association. 



And we do hereby fix the 8th day of June, A. D. 1915, at the hour of 3 o'clock in the 



afternoon of said day, as the time, and the office of as the place for holding the 



meeting of subscribers to the Capital Stock of the company, and do hereby waive 

 statutory or other notice of time, place, and piupose of said meeting, and do hereby 

 consent to any and all business which may be transacted thereat. 



No. 



Name. 



Address. 



Shares. 



Amount. 



] 





762 Jefferson 



£ 



S50. 00 



8 



















U5 





2531 Monroe 



1 



25.00 



Tota^ 









6 000.00 













Form 3.— STOCK NOTE. 



No. 376. 





Farmers' Cooperative Association. 



$26.00 





[Place] June 10, 1915. 

 In consideration of the Certificate of Membership in the 

 Farmers' Cooperative Association, the receipt of which is 



Payments. 



Date. 



Amount. 



hereby acknowedged, I agree to pay the said association 

 within one year after date at their office in , or to its 









Oct. 



1 



10 00 



order, the sum of Twenty-Jive nojlOO Dollars, 



Jan. 



5 



1000 



with interest thereon at the rate of six per cent per annum 



May 



1 



SW 



from date of issue until paid. 











Due June 10, 1916. " B. S. Brown 











Address: R. F.D. No. 4. 











It is understood and agreed that Stock Certificate No 











covering shares is held by the Association as 



collateral for this note, pending payment in full . 



Total 





2500 







1 In this system of accounts provision is made for recording stock notes because a large number of 

 associations have accepted such notes as temporary settlement for stock. The practice is not recom- 

 mended, however, since there seems to be no good reason why cash payment should not be required. 

 Where notes are accepted the corresponding stock certificate must be held as collateral, as shown in 

 Form 3. 



