74 BULLETIN 511, U. S. DEPARTMENT OF AGRICULTURE, 



Stock ownership: Not over $1,000. 

 Voting: Each member one vote. 

 Distribution of earnings: According to by-laws. 



Dissolution: If no dividends are paid in five years, five or more members may 

 petition. 

 Annual reports: Creameries report to dairy commissioner. 



OHIO. 



Scope and purpose: Trade associations. 

 Distribution of earnings: According to by-laws. 



OREGON. 



Scope and purpose: Any lawful business. 



Number who may organize: Five or more. 



Filing of articles of incorporation and amendments: With secretary of state, clerk of 

 county, and Oregon Agricultural College. 



Filing fee: $10 to secretary of state, 25 cents per 100 words to clerk of county. For 

 amendments, $5 to secretary of state and 25 cents per 100 words to clerk. 



Management: President and four other directors. 



Issuance of stock: When paid for in full. 



Stock ownership: Not over one-fifth. 



Purchasing of business of other associations: Not to exceed 20 per cent of its capital 

 and reserve fund. 



Voting: Each member one vote. 



Voting by mail and proxy: May vote by mail. No proxy. 



Distribution of earnings: Stock dividends not to exceed 6 per cent, not less than 5 

 or more than 25 per cent of net earnings for reserve fund, patronage dividends to non- 

 members one-half the rate to members. 



Dissolution: By written request of two-thirds of its members. 



Annual reports: Made to secretary of state and Oregon Agricultural College. 



Provisions for existing organizations: By filing sworn statement with the secretary 

 of state. 



Use of word "cooperative": Not to be used unless this act is complied with. 



PENNSYLVANIA. 



Scope and purpose: Productive or distributive business. 



Number who may organize: Five or more. 



Filing of articles of incorporation and amendments: With secretary of state and 

 recorder of deeds of county in which principal place of business is located. 



Filing fees: 10 cents for each 100 words to secretary of state and recorder of deeds. 



( 'apital stock: Shares $5 to $25. 



Stock ownership: $1 ,000. May be increased by vote of members. 



Purchasing of business of other associations: By majority vote of members. 



Voting: Each member one vote. 



Voting by proxy: No proxy voting. 



Distribution of earnings: Stock dividends 5 or 6 per cent (see law), not less than 

 2'. per cent of net profits for educational fund, patronage dividends to members and 

 employees and to nonmembers at one-half rate. 



I resolution: By majority vote of the members. 



Reports: Monthly reports to be posted in principal office. 



Provision for existing organizations: May come under act "by a majority vote. 



