OCR Text |
Show SPECIAL MEETING Notice is hereby given that a special meeting of the stockholders stockhold-ers of the Oasis Seed Plant Cooperative Co-operative an Agricultural Co-operative organized under the laws of the State of Utah has been called and will be held at the Oasis ward hall at Oasis, Utah, on March 10, 1952, at 8:00 p. m. for the purpose of considering and acting upon a proposal to amend the Articles of Incorporation of the association in the following particulars: To amend Article I to show the name of the co-operative to be "THE OASIS SEED CO-OPERATIVE." To amend Article VIII, sub section sec-tion "a" in relation to the time and place of holding the annual meeting and election of officers, to provide that there be held on the second Monday in August of each year beginning with the year 1952 at 7:30 p. m. of said day, at Oasis, Utah, an annual meeting of the stockholders of th,is co-operative for the election of members of Board of Directors, hearing of annual an-nual report and for the transaction of such other business as may lawfully come before the said meeting. The election of members of the Board of Directors shall be rotated in such a manner that in the year 1952 three of the members mem-bers of said board shall be elected for a period of 2 years and two of the members of said Board of Directors shall be elected for the period of 1 year. Each year thereafter there-after all board members voted upon up-on will be elected for a period of 2 years, but only one-half of the board members will be voted upon each year and only one half of the members of the Board of Directors can be changed in any one election year. To amend Article XIV providing for the mutual benefit of members to provide that patrons who have not paid membership dues as provided pro-vided in the Articles of Incorporation Incorpora-tion shall not be entitled to patronage pat-ronage refunds or certificates of interest as provided for members, but that the co-operative will pay taxes as the revenue code may require re-quire upon such business of non-members non-members or patrons doing business busin-ess with the co-operative. Reasonable Reason-able reserves and surplus funds as determined by the Board of Directors Direc-tors may be set aside from year to year and after setting aside such surplus funds the balance of savings made by the association may be distributed on a patronage basis to the holders of the common com-mon stock, who shall have contributed contrib-uted to the business of the association, assoc-iation, in proportion to the volume and value of products and business done with the association. Such patronage dividend shall be issued in a certificate of interest which under a revolving fund approved by the Board of Directors shall be 4. t Itc nrVk ilt are repayable from the revolving capital fund of the association, as the directors may provide. The Articles are to be amended deleting the provision in Article XIV and otherwise which requires members or patrons to sign a marketing mar-keting contract. The proposed amendments were approved by resolution of the Board of Directors at a special meeting called on the 12th day of February, A. D., 1952 and by order of the Board of Directors the special stockholders meeting is called for the purpose of considering con-sidering the proposed amendments and for the transaction of other business connected with the amendments. am-endments. BY ORDER OF THE BOARD OF DIRECTORS Wallace Holman, President Lawrence Cropper, Secretary. First publication, Feb. 14, 1952. Final publication, March 6, 1952. |