APPENDIX. 



NOTES TO FORMS. 



No. 1. Capital Stock Subscription Contract. — This form is intended for 

 use when capital-stock subscriptions are solicited prior to organization. After 

 incorporation the stock-subscription contract may be in the following form : 



" We, the undersigned, do apply for membership in [The Grain 



Growers' Cooperative Association], a corporation organized and incorporated 



under the laws of the State of __, having its principal office at 



, , and we hereby severally subscribe for and agree to 



take the number of shares of the capital stock of said corporation placed 



opposite our respective names at the par value of $ each, paying cash 



therefor upon demand." * 



No. 2. Minutes of Members'' First Meeting. — This form is not intended to 

 cover all of the matters which are to be acted upon at the first meeting, but 

 will be useful only as a suggestion for the preparation of the blanket form of 

 minutes referred to on page 23 of this bulletin. 



No. 3. Call and Waiver of 'Notice. — This is the form also referred to on 

 page 23 of this bulletin, and it should be signed by all of the incorporators 

 pursuant to the first meeting of the stockholders. 



No. 4. Notice of Special Meeting of Members. — This form needs no ex- 

 planation further than that it must conform to the method of calling special 

 meetings agreed upon in the by-laws, which in turn must be in compliance 

 with statutory requirements. 



No. 5. Stock Certificate. — Care must be taken that by-law provisions relat- 

 ing to the transfer of stock, limitation upon ownership, or other restrictions 

 or reservations, which are printed upon the stock certificates are made to con- 

 form exactly with the by-laws as adopted. 



No. 6. Personal Guaranty of Indemnity on Issue of Neto Stock Certificate 

 in Lieu of Lost Certificate. — This form may be used when the person to 

 whom a duplicate certificate is issued is fully responsible for any loss which 

 may be incurred in consequence of two certificates for the same shares being 

 outstanding at the same time. 



No. 7. Bond-of Indemnity for Lost Certificate. — This will be used when addi- 

 tional security is deemed necessary for possible loss growing out of the 

 issuance of duplicate certificates of stock. 



No. 8. Service and Maintenance Agreement. — This is referred to on page 30 

 of this bulletin as a substitute for the objectionable penalty clause some- 

 times used when it is desirable to provide against the possibility of mem- 

 bers selling their products outside the association. Its use is recommended 

 in special cases only and not as a part of the general operating plan for co- 

 operative elevator companies. 



No. 9. Member's Emergency Loan Note. — This is an ordinary demand note 

 used by the association only as collateral to support loans required during 

 emergency periods. It is in fact a means whereby the individual member 

 loans his credit to the association for a limited amount. Upon withdrawal 

 from membership the notes are, of course, returned to the maker. 



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