34 BULLETIN 860, XL S. DEPARTMENT OF AGRICULTURE. 
No. 10. Loan Guaranty. — This form is suggested as a substitute for the 
loan note (Form No. 10) when it is found desirable to have all of the mem- 
bers sign the same instrument. In making changes in this form care must 
be taken that each individual member is not made jointly and severally liable 
with the cosigners for the full amount of the loan liability, or the purpose of 
the contract will be defeated. 
Form No. 1. 
CAPITAL STOCK SUBSCRIPTION CONTRACT. 
We, the undersigned, for the purpose of forming a cooperative association at 
to be incorporated under the laws of the State of with an 
authorized capital of $ and to be known as [The ... Grain Growers' Co- 
operative Association] or by similar name, hereby severally promise and agree to 
become stockholders in a corporation hereafter to be organized and to take the 
number of shares of stock placed opposite our respective names at the par value of 
$ each, paying cash therefor upon demand when the corporation shall be 
organized and when at least % shall have been subscribed. 
Names. 
Addresses. Shares 
Amount . 
Form No. 2. 
MINUTES OF MEMBERS' FIRST MEETING. 
Pursuant to a written call and waiver of notice signed by all of the incor- 
porators, the first meeting of the stockholders and members of [The 
Grain Growers' Cooperative Association] was held at [here state time and 
place of meeting]. 
Meeting was called to order by and on motion by , 
was elected chairman, and was appointed secretary. 
The secretary presented and read the call and waiver of notice, pursuant 
to which the meeting was held. On motion it was ordered to be entered in. 
the Book of Minutes following these minutes : 
The following persons were present: [Names of those present at the first 
meeting]. 
The chairman presented a [certified copy of the Certificate of Incorporation 
or Charter as the case may be] and stated that the original had been [here 
state time and place of filing or other procedure].. On motion it was ordered 
that same be entered on the first pages of the Book of Minutes. 
The secretary presented a form of by-laws prepared and recommended by 
[committee or counsel], which was read article by article, and as a whole, 
unanimously adopted and ordered to be entered in the Book of Minutes imme- 
diately following the [Certificate of Incorporation or Charter]. 
Next was conducted the election of [seven] directors as provided for in the 
By-Laws, Messrs. and being first duly appointed inspec- 
tors of election. All the stockholders having voted by ballot cast in person, the 
inspectors reported results as follows: 
