224 MASS. EXPERIMENT STATION BULLETIN 193. 



Article IX. 

 Funds and Indebtedaess. 

 Section 1. All funds belonging to this corporation shall be deposited 

 in a bank or banks designated for the purpose by the board of directors. 

 Section 2. The amount of indebtedness ^;\hich may be incurred by or 

 on behalf of this corporation shall at no time exceed $50,000. 



Section 3. The expenses of operating the corporation shall be met 

 by a uniform percentage charge laid upon returns for produce sold or by a 

 uniform fixed commission per package, and by a percentage charge upon 

 supplies purchased, the amount of such charge to be fixed by the board of 

 directors. 



Article X. 



Supplies. 



Section 1. Merchandise or supplies may be ordered through the cor- 

 poration by the members, and all business so transacted shall be conducted 

 on a cash basis or on credit arranged for through some bank approved by 

 the board of directors at the date of ordering. 



Section 2. Supplies shall be sold to nxembers of the corporation at 

 prices determined bj- the board of directors. 



Article XL 

 Voting and Earnings. 



Section 1. The votmg membership of the corporation shall consist of 

 those members who have paid in full their dues and fees and have satisfied 

 any other obligations due the corporation and who have signed growers' 

 contracts for the current year. Other persons who have paid their mem- 

 bership fees and dues, but who have not signed contracts for the current 

 season, may retain their membership in the organization, but shall have 

 no vote. 



Section 2. Each member of the corporation shall have one vote and 

 one only. Proxy voting shall not be permitted. 



Section 3. The net receipts accruing from the business of the corpora- 

 tion shall be distributed on the pro rata basis of business of the members 

 transacted through the corporation. 



Article XII. 

 Capital. 

 Section 1. In order to provide capital for current needs and for the 

 transaction of the necessary business of the corporation each member shall 

 deliver to the corporation a negotiable promissory note payable on demand 

 to the order of the corporation. Such note shall be for the sum of $50 and 

 an additional SIO for each acre of tobacco to be grown by the maker to be 

 marketed through the corporation. In no case shall this note be for a sum 



