UNITED STATES DEPARTMENT OF AGRICULTURE 

 BULLETIN No. 860 



Contribution from the Bureau of Markets 

 GEORGE LIVINGSTON, Chief 



Washington, D. C. 



August 20, 1920 



THE ORGANIZATION OF COOPERATIVE 

 GRAIN ELEVATOR COMPANIES 



By 



J. M. MEHL, Investigator in Cooperative Organization, and 

 O. 6. JESNESS, Specialist in Cooperative Organization 



CONTENTS 



Introduction 



Forms of Organization 



Joint Stock Companies . . . 



Ordinary Private Corporations 



The Cooperative Form . . . . 

 Making Preliminary Survey . . . 



Local Conditions 



' Prospective Membership . . . 



Capital 



Volume of Trade 



Method of Survey 



Organization 



Organization Meeting . . • . 



By-Laws 



Page 



Organization — continued. 



Stock Subcription and Membership . 21 



Incorporation 22 



Meeting of Incorporators 23 



Changing Form of Organization ... 24 



General Suggestions 26 



Selection of Plant 26 



Directors . 27 



Manager 27 



Stock Certificates 28 



Maintenance Agreement 29 



Emergency Capital 30 



Speculative Tendencies 31 



Appendix 33 



WASHINGTON 



GOVERNMENT PRINTING OFFICE 



1920 



