BUSINESS PRACTICE 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 purpose of said meeting, and do hereby 
consent to any and all business which may be transacted thereat. 
No. 
Name. 
Address. 
Shares. Amount. 
1 
762 Jefferson . 
2 
$50. 00 
2 
145 
Richard Roe . 
Total . . 
2531 Monroe. 
1 
25.00 
6,000.00 
Form 3.— STOCK NOTE. » 
No. 376. 
Farmers' Cooperative Association. 
$25.00 
[Place] June 10, 1915. 
In consideration of the Certificate of Membership in the 
Farmers' Cooperative Association, the receipt of which is 
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-five nojlOO Dollars, 
Jan. 
5 
10 
00 
with interest thereon at the rate of six per cent per annum 
May 
1 
5 
00 
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 
i 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. 
