24 
FARMERS* BULLETIN 993. 
Sec. 5 .—Notice of assessment. Whenever an assessment is levied the secre¬ 
tary-treasurer shall mail a notice to each member 10 days before such assess¬ 
ment is due, stating the amount assessed per cow, the number of cows sub¬ 
scribed by the members, the total amount assessed, and the date on which the 
assessment shall become due. Six per cent shall be added to all assessments not 
paid on or before the date that such assessment becomes due. The penalties 
imposed shall be paid to the treasurer, together with the assessment, and shall 
become part of the money available for the conduct of the business of the 
association. 
| The form of assessment notice given below may be modified to 
suit local conditions.] 
Notice of Assessment 
of THE 
Cooperative Bull Association. 
-9 
(Post Office) 
-9 
(State) 
(Date) 
-9 
(Name) 
(Address) 
Pear Sir : Your directors have found it beneficial for the association to incur 
obligations as follows: _ 
Total _ , _ 
In the association the total number of cows subscribed is _ 
The assessment per cow. amounts to $ _ You have subscribed _ 
cows and your total assessment is $ _ This assessment is due 
_ _ 19 _ In accordance with the 
(Month) (Day) 
constitution and by-laws of the association 6 per cent will be added to this 
assessment if not paid on or before_, 19 _ 
- 9 
Secretary-Treasurer. 
[At first glance section 5 may appear to be strict, but it must be 
remembered that a strict business conduct of the association is essential 
to its successful operation. The manner in which finances are handled 
indicates the strength or the weakness of the association. It is very 
important that the payment of assessments be made promptly, but 
this need not work hardship on the members, since they determine 
the time at which payment shall be made. When cash is not avail¬ 
able it is always possible to make payments by note to the association, 
but the best way is for the member to borrow the money and thus 
leave the association free from incumbrance. A penalty of 6 per 
