COOPERATIVE BULL ASSOCIATIONS. 
27 
be no greater than in the case of an individual; probably because of 
fewer bulls and the better care which thev receive it will not be so 
great. It is advisable to discuss the question of accidents when the 
association is formed, so that if one occurs the members are ready to 
meet the required assessment for replacement. | 
Sec. 4. — Bond. The secretary-treasurer shall give a bond in the sum of - 
dollars for the faithful performance of his duties. The cost of providing this 
bond shall be paid by the association. 
[A bond is a proper business precaution that the secretary-treas¬ 
urer should not consider as an expression of distrust but merely a 
practice required by business concerns. It is only right, however, 
that the association should pay for the cost of the bond. ] 
Sec. 5. — Books. The secretary-treasurer shall provide, at the expense of 
the association, the necessary record books and blanks for the caretaker in each 
block. 
[A careful record should be kept of the essential facts and figures 
connected with the operation of the bull association. The more com¬ 
plete the records the better will be the progress of the association. 
Complete and accurate records should be kept of all financial transac¬ 
tions, and all record books, whether for financial matters or for breed¬ 
ing records, should be uniform for all blocks. The breeding records 
include the name and registry number of the cow (if pure bred), the 
owner’s name, the name and number of the service bull, and the date 
of service; a space is left for recording the date of calving and the sex 
of the calf. These records may serve as an indication of the presence 
or absence of contagious abortion in the association, and they are 
necessary for the proper business conduct of the association. 1 ] 
Sec. (?. — Audit. At the annual meeting an auditing committee shall be 
elected by the members, which committee shall audit the books and accounts 
not more than 30 days nor less than a week before the next annual meeting, 
and shall make a report to the association at that meeting. 
[The auditing should be done with great care, since it is an essen¬ 
tial business practice for all well-regulated organizations. It does 
not carry with it any suggestion of suspicion, but if there is anything 
wrong it will be detected by a careful audit. The chief value, how¬ 
ever, is the information which it gives of the methods and practices 
used in conducting the business. Do not neglect the audit.] 
Sec. 7 . — Service fees. Service fees shall be fixed by the board of directors. 
The service fee so fixed shall be charged to members of the association and 
shall be collected by the keeper of the bull at the time of service. Service fees 
so collected shall be turned over to the secretary-treasurer at least once every 
three months, together with a record of the cows served, stating date of service, 
the name and number of each cow, and her owner. 
1 A plan for keeping such records will be furnished, upon request, by the Dairy Division, 
United States Department of Agriculture. 
