. Bulletin of the Department of Agriculture. Agriculture; Agriculture. sd&*^5L Contribution from Bureau of Markets CHARLES J. BRAND, Chief. j£\j$*^Fu Washington, D. C. March 23,1918 COOPERATIVE ORGANIZATION BY-LAWS. By C. E. Bassett, Specialist in Cooperative Organization, and 0. B. Jesnesb, Assistant in Cooperative Organization. CONTENTS. Importance of by-laws 1 Adaptation of by-laws to local needs 2 Importance and advantages of incorporation. 2 Section 6 of the Clayton amendment 3 Dealing with nonmembers 5 Differences between the nonstock and stock form of organization 6 Financing a


. Bulletin of the Department of Agriculture. Agriculture; Agriculture. sd&*^5L Contribution from Bureau of Markets CHARLES J. BRAND, Chief. j£\j$*^Fu Washington, D. C. March 23,1918 COOPERATIVE ORGANIZATION BY-LAWS. By C. E. Bassett, Specialist in Cooperative Organization, and 0. B. Jesnesb, Assistant in Cooperative Organization. CONTENTS. Importance of by-laws 1 Adaptation of by-laws to local needs 2 Importance and advantages of incorporation. 2 Section 6 of the Clayton amendment 3 Dealing with nonmembers 5 Differences between the nonstock and stock form of organization 6 Financing and perpetuating nonstock organi- zations 7 Section 6 and existing organizations 10 Section 6 organizations and State incorpora- tion laws 12 Page. Section 6 and the State antitrust 12 Adopting the by-laws 12 Caution that the department's views of law are not conclusive 13 Suggested form of by-laws for a cooperative nonprofit marketing association, formed without capital stock 14 Suggested form of by-laws for a cooperative marketing association formed with capital stock 22 IMPORTANCE OF BY-LAWS. The founders of every cooperative association should have a definite plan of action mapped out before the organization actively engages in business, as the lack of such a plan has resulted in the failure of many cooperative enterprises. The importance of the by- laws of a cooperative association is readily comprehended when it is realized that the purpose of the by-laws is to serve as a working plan for the organization. The relation of the by-laws to the organ- ization resembles the relation of the specifications for a building to the finished structure. The blue prints furnish the builder with a graphic representation of the work to be done and this is supple- mented by the necessary descriptive material, so that he knows before the building operations are commenced what each room is to be like and how the entire structure will appear when finished. Satis- factory results


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