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January 26, 1922     The Ortonville Independent
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January 26, 1922
 

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THE ORTONVILLE INDEPENDENT THURSDAY "4 &apos; Certificate of Incorporation of the Big Stone County Co-Operative Livestock Association The undersigned, for the purpose of organizing a corporation under and pursuant to Chapter 23 of the Laws of the State of Minnesota for 1921, do hereby adopt and sign the following cartificate of incorporation. ARTICLE I The name of the corporation shall be The Big Stone County Co-operative Live Stock Association. The general nature of its business shall be conducting diversified farming, in- ,eluding dairying, breeding, raising, fattening, buying, selling, and dealing in all kinds of live stock, poultry, and other farm products, including the buying selling and dealing in its own products, the products of its individual mem- bers. and the products of any other co-operative association, and its business shall be carried on upon the co-operative plan and shall be asJ authorized by Chapter z ot the Laws of Minnesota for 1921 and other laws of the state applicable to such corporations, and in the management affd conduct of its business it may borrow money, discount and rediscount notes, drafts, bills of .exchange and other negotiable instruments that may be necessary or con- venient in the management and conduct of its business, and may acquire use .and dispose of all real and personal property and do any and all things inci- (lental to or necessary or convenient for the purposes of such business or any ]part thereof. The principal place of transacting such business shall be the City of Or- onville, in Big Stone County, Minnesota. ARTICLE II The period of duration of the corporation shall be thirty (30) years. ARTICLE III The names and places of residence of the incorporators are as follows: A. B. Kaercher, Ortonville, Minnesota, Luke J. Keating, Graceville, Minn., Lewis A. Lien, Graceville, Minn., Earl M. Johnson, Beardsley, Minn., Jacob Frey, Beardsley, Minn., Chas. Matthews, Clinton, Minn., K. G. Knudson, Beardsley, Minn, Win. Wellendorf, Ortonville, Minn., T. J. Anderson, Clinton, .Minn., W. Kelly, Ortonville, Minn., W. H. Matthews. Ortonville, Minn., Geier Bros., Ortonville, Minn., Frank W. Dunn, Ortonville, Minn., F. L. Cliff, Orton- ville, Minn., Thee. Hundeby, Beardsley, Minn., O. J. Lofthus, Beardsley, Minn., :Mrs. Wm. M. Moroney, Beardsley, Minn., and Henry Heidecker, Graceville, :Minnesota. ARTICLE IV The government of said corporation and the management of its affairs .shall be vested in a Board of five directors, who shall be elected at the annual meeting of the stockholders,which shall be held on the second Wednesday in February of each year. The following named incorporators shall constitute the first Board of Di- rectors: A.B. Kaercher, Charles A. Matthews, Luke J. Keating, William Wel- lendorf and Earl Johnson, and shall hold office until the first annual meeting f the stockholders in the year 1923 and until their successors are elected and lualified. At the first annual meeting of the stockholders in the year 1923 and. an- nually thereafter there shall be elected five (5) directors to hold office for a ierm of one year. Directors so elected shall hold office until their successors are elected and (lualified. ARTICLE V The amount of the capital stock of this corporation shall be One Hundred qhousand Dollars ($100,000.00), divided into one thousand (1,000) shares of the par value of One Hundred, Dollars ($100.00) each, and shall be paid in either in money or property, at such times and in such manner as the Board of Directors may prescribe. ARTICLE VI The highest amount of indebtednes or liability to which this corporation shall at any time be subject shall be One Million Dollars (1,000,000.00). ARTICLE VII The Articles of Incorporation of this corporation may be amentled a any ime and from time to time so as to change its corporate name or title or a to increase or diminish its capital stock, or to change the nmnber an( ]par value of the shares of its capital stock, or in any other respect now or here- .after authorized by law. The said Articles may be so amended in the follow- :ing manner: The Board of Directors, by a majority vote of its members, may pass a :resolution setting forth the full text of the proposed amendment, and also the full text of such section or sections as may be repealed by such amend- ment. Upon such action by the Board of Directors notice shall be mailed' to each .and every stockholder, containing a copy of the resolution so adopted, the full text of the proposed amendment, and also the full text of such section or ections as may be repealed by such amendment. Such notice shall also desig- nate the time and place of the' meeting at which such proposed amendment .shall be considered and voted upon. If a quorum of the stockholders is pres- ent or represented by a mailed vote, a majority of the members so present or :represented by mailed  ore may adopt or reject such proposed amendment. In witness whereof, we have hereunto set our hands and seals this 12th lay of January, 1922. In the presence of: Grace F. Kaercher, R. C. Kaereher. W. H. MATTHEWS (Seal)' GEIER BROS. (Seal) FRANK W. DUNN (Seal) F. L. CLIFF (Seal) A. B. KAERCHER (Seal) LUKE J. KEATING (Seal) LEWIS A. LIEN (Seal) EARL M. JOHNSON (Seal) JACOB FREY (Seal) CHAS. MATTHEWS (Seal) K. G. KNUDSON (Seal) WM. WELLENDORF (Seal) T. J. ANDERSON (Seal) W. KELLY (Seal) THEO. HUNDEBY (Seal) : O.J. LOFTHUS (Seal) MRS. WM. M. MORONEY (Seal HENRY HEIDECKER (Seal) TATE OF MINNESOTA, i s (OUNTY OF BIG,STONE,t On this 11th day of January, 1922, before me, a Notary Public, personally atppeared A. B. Kaercher, Luke J. Keating, Lewis A. Lien, Earl M. Johnson, Jacob, Frey, Chas. Matthews, K. G. Knudson, William Wellendorf, Theo. Hundeby, T. J. Anderson and W. Kelly to ,me known to be the persons de- scribed in and who executed the foregoing Certificate of Incorporation, and acknowledged that they executed the same as their free act and deed. GRACE F. KAERCHER, Notary Public, Big Stone County, Minnesota. My Commission expires January 10, 1924. TAE OF MINNESOTA, I OUNTY OF BIG STONE.  On this 12th day of January, 1922, before me, a Notary Public, personally appeared W. H. Matthews, D. E. Geier, one of the members of the co-partner- ship known as Geier Brothers, Frank W. Dunn, F. L. Cliff, Henry Heidecker, Mrs. William M. Moroney, and O. J. Lofthus to me known to be the persons <lescribed in and who executed the foregoing Certificate of Incorporation, and aeknowledged that they executed the same as their free act and deed. GRACE F. KAERCHER, Notary Public, Big Stone County, Minnesota. My Commission expires January 10, 1924. BY-LAWS ARTICLE I Name and Location. Section L--The name of this corporation shall be The Big Stolte County Co-operative Live Stock Association. Section 2.Its principal office shall be located at the city of Ortonville, in Big Stone County, Minnesota. Section 3. Other offices for the transaction of business shall be located at uch places as the board of Directors may from time to time determine. ARTICLE II Capital Stock. Section 1.The amount of capital stock shall be One Hundred Thousand Dollars ($100,000.00), which shall be divided into one thousand (1,000) shares of the par value of One Hundred Dollars ($100.00)each. Section 2.--All certificates of stock shall be signed by the President and the Secretary, and shall be sealed with the corporate seal. Section 3.--Trea,ury stock shall be held by the corporation subject to disposal of the Board of Directors and shall neither vote nor participate in (tNidends. Section 4.--The corporation shall have a first lien upon all the shares of its capital stock and upon all dividends declared upon the same for any in- debtedness of the respective holders thereof to the corporation. Section 5.--Transfers of stock shall be made only on the books of the cor- poration , and the old certificates, properly endorsed, shall be surrendered and cancelled before a new certificate is issued. The stock books of the corporation shall be closed against transfers for a period of twenty (20) days before the (tay of payment of a dividend and before each annual meeting of stockholders. Section 6.--No person shall become a stockholder of the corporation ex- cept by consent of the Board uf Directors, and no stockholder shall transfer or dispose of his stock without first offering the same for sale to the cor- loration, Upon receivin$ written notice from a_stockholder of his intention to transfer, sell or otherwme dispose of his stock, the corporation shall have thirty (30) days thereafter within which to purchase ahd paq for the same. tf within said period tim corporation shall tender to the holder of such stock an amount equal to the par value thereof, or, in the event that the book value thereof be reater than the par value, the book value thereof, such stock shall thereupon oecome the property of the corporation. Should the corporation fail to tender such amount to the stockholder within said period, the stock- holder serving such notice shall thereupon be free to dispose of the stock without restriction, except that no such stock shall be transferred or sold any person not eligible for membership in this corporation. ( ARTICLE III Stockholders' Meetings. Section 1.--The annual meeting of the stockholders of the corporation shall be held at its place of business in the city of Ortonville, in Big Stone County, Minnesota, on the second Wednesday in February of each year, at ten o'clock in the forenoon, unless a different place and hour shall be desig- nated by the Board of Directors, and if such day fall on a legal holiday the fneeting shall be held on the next succeeding business day. Section 2.--Special meetings of the stockholders shall be held on the same place as the annual meeting, or at such other place within th State of Minne- sota as may be designated by the Board of Directors. Such special meetings may be called at any time by the President, or in his absence by the Vice- President, on vote of a majority of the Board of Directors. It shall be the duty of the President to call such meetings whenever requested in writing by stockholders holding ten (t0) per cent or more of the capital stock, and in such case notice of the meeting shall be issued within ten (10) days and the meeting held 4dthin thirty (30) days of the receipt by th6 President of such request. Section 3.--Notice of the time and place of all annual and special meet- ings shall be mailed by the Secretary to each stockholder at his last known postoffice address not less than fifteen (15) nor more than thirty (30) days before the date thereof. In case of special meetings the notice shall state the time, place and purpose of the meeting. Section 4.--The President, or in his absence a Vice-President, shall pre- side at all such meetings. Section 5.--At evely meeting each stockholder shall be entitled to cast one vote, which vote may be cast in person or by mail but not by proxy. Votes by mail shall be accepted if certified to and signed by the stockholders so voting; provided, however, that a notice containing the exact text of the mo- tion or resolution has been mailed to each stockholder at his or its last known postoffice address and that a copy of the same is forwarded with and attached to the vote so mailed by the absent stockholder. The Board of Directors may cause a referendum vote to be taken by mail upon any action or recommenda- tion of the Board or for the purpose of electing members of the Board of Di- rectors, subject to the same regulations as above provided. Section 6.--Every stockholder shall have the right to vote for as many persons as there are directors to be elected. Section 7.--A quorum for the transaction of business at any regular or special meeting shall consist of a majority of the stockholders when the total number thereof does not exceed one hundred, and at least ten (10) per cent of the total number of stockholders if there then be more than one hundred stockholders, but there shall always be .more than fifty (50) stockholders pres- ent or represented to constitute a quorum at any such meeting. Members present in person or represented by mailed vote shall 'be counted in estimating a quorum. The fact of the attendance of a sufficient number of stockholders to constitute a quorum shall be established by a registration of the stockhold- ers of the corporation, which registration shall be verified and certified to by the President and Secretary of the Association. Directors. Section L--Regular annual meetings of the Board of Directors shall be held immediately after the annual meetings of the stockholders and at the same place. A majority of the Board shall be necessary to constitute a quorum and to transact business, but less than a quorum may adjourn from time to time or without date. In addition to the annual meeting of the Board of Directors, the Board shall hold at least four (4) regular meetings during the year at times and places to be designated by the President. Section 2.--Special meetings of the Board of Directors shall be held in the principal office of the corporation or such other place as the Executipe Coinmittee shall designate, and may be called by the President and in his absence by a Vice-President or by a majority of the members of the Board whether the President is absent or not. Section 3.--Notices of all regular and special meetings shall be mailed to eaqh director by the Secretary at least three (3) days prior to the time' fixed for the meeting. All notices of special meetings shall state the purpose thereof. Section 4.--A quorum for the transaction of business at any regular or special meeting of the Board, shall consist of a majority thereof, and a ma- jority of those present at any regular or special meeting shall have power to adjourn the meeting to a future time. Section 5.--At the directors' meeting following each annual stockholders' meeting the' directors shall elect the officers of the corporation and fix their salaries. An officer may be removed at any time by a majority vote of the Board of Directors. The Board of Directors may in its discretion appoint a general manager at such compefisation and to serve for such period as may be deemed advisable, and such general manager shall have such powers and du- ties as may be prescribed by the board. Section 6.--The absence of a member of the board from two consecutive regular or special meetings of the board, unless excused by the board, shall vacate the office of the director so absent. All vacancies .in the Board of Directors, from whatever cause, may be filled by the remaining directors at any regular or special directors' meeting, and directors so appointed shall serve until the next election. Section 7.A director may for cause be removed from his office at any an- nual meeting or at any special meeting called for that purpose, upon the af- firmative vote of two-thirds of the stockholders present or represented; pro- vided that notice in writing of the proposed action of the stockholders con- taining a brief statement of the charges against him shall have been mailed to such director at least ten (10) days before such meeting. At any special meeting the director whose acts are in question shall have the right to be heard in person and to be represented by counsel, and to produce and interro- gate witnesses. Section 8.--During the interim between meetings of the Board the busi- ness of the corporation shall be managed by an executive committee, which shall consist of the officers of the corporation. Section 9.--Previous to any annual stockholders meeting the Board  of Directors shall have the books and accounts of the association carefully au- dited l)y a reputable accountant, which report, together with a statement of the business done during the previous year, the general financial condition of the corporation, and the condition of its tangible property, shall be submitted to the stockholdem at the annual meeting. Section l).The Board of Directors shall require the General Manager and other officers, agents and employes having the custody or control of any of its funds or 'property, to give to the corporation a .bond with a qualified corporation as surety thereon, conditioned for the faithful discharge of the duties of such person, nd in such amount, and with such company as surety as the Board of Directors shall requie. The cost of such bonds shall be borne by the association. Section ll.--Directors shall be paid necessary railroad expense for a- tendance at meetings and compensation to be fixed by a three-fourths vote of all of the members of the Board, but not to exceed $6.00 per day. Section 12.--The Board of Directors shall appoint one or more commit- teemen from each township for the purpose of recommending loans in said township. ARTICLE V Officers. Section 1.The officers of this corporation shall be a President, a First Vice-President, a Second Vice-President, a Secretary and a Treasurer. They shall be elected for a term of one year, and each shall hold office until his suc- cessor is duly elected and qualified. No one shall be eligible to any office who is not a director of the corporation, and any officer who ceases to be a di- rector shall cease to hold office as soon as his successor is elected and qualified. The officers of Secretary and Treasurer may be held by one person, in which event such person shall be called "Secretary-Treasurer." Any officer may be removed at any time, with or without cause, by a majority vote of all of the members of the Board of Directors. Section 2.The President shall preside at all meetings of the stockholders and directors; shall have general supervision over the affairs of the corpora- tion and over the other officers; shall sign all contracts, deeds, and docu- ments requiring the corporate seal, and shall perform such other duties as are incident to his office, or as may. from time to time be prescribed by the Board of Directors. Section 3.--The Vice-Presidents shall, in the absence of the' President or his inability to act, have all the powers and perform all the duties of the President. Section 4.--The Secretary shall keep a record of the proceedings of all meetings of the stockholders and Board of Directors, and shall attest the same by his signature. He shall be responsible for the safe-keeping of all papers and documents of the corporation which properly belong to his office and of the corporate seal, and all of the same shall be kept at the principal office of the corporation, unless otherwise authorized by the Board of Direc- tors. He shall attest certificates of stock and all instruments requiring the corporate seal, and shall affix the seal thereto, and shall issue notices of meet- ings as required by the by-laws. Section 5.--The Treasurer shall safely keep, and account for all moneys, funds and other property which may come into his hands, and shall perform the functions of the general audit of the books and accounts of the corpora- tion. He shall Reep all moneys of the corporation in such bank or banks as the Board of Directors shall prescribe. All checks, promissary notes, bills of exchange and other instruments for the payment of money or dvidencing debt which shall be issued by the corporation shall be signed by such officers as the Board of Directors from time to time may designate. An employee other than an officer may be by the Board authorized to countersign any and all such writings, but each and all thereof shall be signed by at least one officer of the corporation. Section 6.In case of the absence or inability to act of the Secretary or Treasurer, the duties of such offices shall devolve upon and be performed by such persons as the Board of Directors may prescribe. ARTICLE VI Dividends and Finance. Section 1.--Dividends not to exceed eight (8) per cent per year and as authorized by law may be declared from time to time by resolution of the Board of Directors, and shall be paid out of the surplus earnings of the cor- poration, but the capital of the corporation shall not be impaired by the pay- meat of dividends. Section 2.--The net earnings of the corporation not dends on the stock or set aside in reserve fund shall be distributed end of the fiscal year as follows: The remainder of the net distributed to stockholder in the form of dividends dec of stock or other commodities sold or the amount of money stockholder shall receive one-half of the dividend awarded to based also upon the amount of commodities sold or money Section 3.--The funds of the corporation shall be deposited in or trust company as the directors shall designate and shall be upon the check or order of the officers or employes designated by the: of Directors. ARTICLE VII Certificates of Stock. Section 1.The certificates of stock of this corporation shall stantially the following form: No ............................... The Big Stone Cmnty Co-operative Liw Stock Associatio Incorporated under the laws of the State of Minnesota. : Certificate of Stock. Capital Stock $100,000.00. Shares This Certifies that .................................................................. is the holder of .......................................................................... shares of the of The Big Stone County Co-operative Live Stock Association, a transferable on the books of the corporation only on surrender tificate in accordance with the By-Laws of the corporation. The transfer of this stock is limited by the By-Laws of the to which reference is made for more definite information. Dated at Ortonville, Minnesota, this .................. day of 1922. Attest: Secretary. (Corporate Seal) Section 2.--All certificates of stock shall be signed by the a Vice President and by the Secretary, and shall have the affixed. ARTICLE VIII Seal. Section 1.--The seal of this corporation shall be a circular die ter of which shall appear the words "Corporate Seal" and part of which shall appear the words "The Big Stone Coun Live Stock Association." An imprint of such seal is affixed ARTICLE IX Amendments. Section 1.--Amendments to these By-Laws may be made by a vote of the stockholders present at any annual stockholders special meeting of the stockholders called for that purpose, posed amehdment has been set out in the notice of such meeting. Less. Live Stock Goes To Market Generally Decreased Receipts Week's Opening Causes Strong To Higher Trend in Markets. At Monday's Closing-- Cattle 2,300. Market steady to strong. Calves 209. Market steady. Hogs 7,900, market fully 25 to 50c higher, top $8.60, bulk $8.25 to $8.50. Good pigs $9.25. Sheep 2,000. Mar- ket strong to 25c or more higher, best fed lambs $12.50, choice fed ewes $7. So. St. Paul, Minn., January 23, 1922: General receipts of 46,000 cat- tle, 6,000 calves, 99,000 hogs and 39,- 000 sheep at seven large central mar- kets today were considerably below marketings of 65,000 cattle. 7,500 calves, 148,000 hogs and 57,000 sheep received at those points last Monday, and this reduction in the supply was a bullish influence in livestock markets today, all classes selling fully steady to strong and in some cases sharply higher than at last week's close. With 2,300 cattle on hand locally the market ruled fully steady to strong on beef steers and butcher she stock. A small lot of yearlings top- ped at $7.25, several sales of beef steers being noted from $6.25 to $6.75, and bulk from $5.50 to $6.25. A few real good heifers sold up to $6.00 with bulk of the butcher cows and heifers from $3.25 to $5.00. Canners and cut- ters went mostly at $2.25 to $3.00. bologna bulls $3.50 to $4.25. Bulk of best light veal calves sold Real good stockers and fat cattle order sold $6.25, a few up to stoekers and feeders $5.50. . The hog mart opened to 50c higher tlin last bulk $8.25 to $8.0, top packing sows around $6.50, $9.25. Sheep and lambs sold stroPS or more higher at the week's fed lambs $12.25 to $12.50, $10.50 to $12.00. Good and ewes $6.50 to $7.00, heavies $5.50. Too poor to take the home Well. that is a distressful Buy a hen, feed her crumbs from the kitchen and she will to pay for a year's work her up into pot pie pay her first cost, so that be clear profit. Repeat this year after Wells I am prepared to put your well in the and smallest cost to me first. R. 3, OrtonvillePhone JUST THINK ! A LIBERTY BELL FREE OF CHARGE. This bank wants every boy and girl of this city to have one of these unique home safes. They will help you save your dimes and nickles. Open a Savings Acfount today and get a Liberty Bell Bank. 5 PER CENT PAID ON ALL SAVINGS ORTONVILLE STATE John Carlson, President. C. J. Stark, Cashier. H.A. Stueke, As,"- The Pie Special Plate Dinner Tasty Lunches Home Cooking Home Baking Special attention to show and dance people Yours for Quality and Service C. A. BEARD, Proprietor: THE ORTONVILLE INDEPENDENT THURSDAY "4 ' Certificate of Incorporation of the Big Stone County Co-Operative Livestock Association The undersigned, for the purpose of organizing a corporation under and pursuant to Chapter 23 of the Laws of the State of Minnesota for 1921, do hereby adopt and sign the following cartificate of incorporation. ARTICLE I The name of the corporation shall be The Big Stone County Co-operative Live Stock Association. The general nature of its business shall be conducting diversified farming, in- ,eluding dairying, breeding, raising, fattening, buying, selling, and dealing in all kinds of live stock, poultry, and other farm products, including the buying selling and dealing in its own products, the products of its individual mem- bers. and the products of any other co-operative association, and its business shall be carried on upon the co-operative plan and shall be asJ authorized by Chapter z ot the Laws of Minnesota for 1921 and other laws of the state applicable to such corporations, and in the management affd conduct of its business it may borrow money, discount and rediscount notes, drafts, bills of .exchange and other negotiable instruments that may be necessary or con- venient in the management and conduct of its business, and may acquire use .and dispose of all real and personal property and do any and all things inci- (lental to or necessary or convenient for the purposes of such business or any ]part thereof. The principal place of transacting such business shall be the City of Or- onville, in Big Stone County, Minnesota. ARTICLE II The period of duration of the corporation shall be thirty (30) years. ARTICLE III The names and places of residence of the incorporators are as follows: A. B. Kaercher, Ortonville, Minnesota, Luke J. Keating, Graceville, Minn., Lewis A. Lien, Graceville, Minn., Earl M. Johnson, Beardsley, Minn., Jacob Frey, Beardsley, Minn., Chas. Matthews, Clinton, Minn., K. G. Knudson, Beardsley, Minn, Win. Wellendorf, Ortonville, Minn., T. J. Anderson, Clinton, .Minn., W. Kelly, Ortonville, Minn., W. H. Matthews. Ortonville, Minn., Geier Bros., Ortonville, Minn., Frank W. Dunn, Ortonville, Minn., F. L. Cliff, Orton- ville, Minn., Thee. Hundeby, Beardsley, Minn., O. J. Lofthus, Beardsley, Minn., :Mrs. Wm. M. Moroney, Beardsley, Minn., and Henry Heidecker, Graceville, :Minnesota. ARTICLE IV The government of said corporation and the management of its affairs .shall be vested in a Board of five directors, who shall be elected at the annual meeting of the stockholders,which shall be held on the second Wednesday in February of each year. The following named incorporators shall constitute the first Board of Di- rectors: A.B. Kaercher, Charles A. Matthews, Luke J. Keating, William Wel- lendorf and Earl Johnson, and shall hold office until the first annual meeting f the stockholders in the year 1923 and until their successors are elected and lualified. At the first annual meeting of the stockholders in the year 1923 and. an- nually thereafter there shall be elected five (5) directors to hold office for a ierm of one year. Directors so elected shall hold office until their successors are elected and (lualified. ARTICLE V The amount of the capital stock of this corporation shall be One Hundred qhousand Dollars ($100,000.00), divided into one thousand (1,000) shares of the par value of One Hundred, Dollars ($100.00) each, and shall be paid in either in money or property, at such times and in such manner as the Board of Directors may prescribe. ARTICLE VI The highest amount of indebtednes or liability to which this corporation shall at any time be subject shall be One Million Dollars (1,000,000.00). ARTICLE VII The Articles of Incorporation of this corporation may be amentled a any ime and from time to time so as to change its corporate name or title or a to increase or diminish its capital stock, or to change the nmnber an( ]par value of the shares of its capital stock, or in any other respect now or here- .after authorized by law. The said Articles may be so amended in the follow- :ing manner: The Board of Directors, by a majority vote of its members, may pass a :resolution setting forth the full text of the proposed amendment, and also the full text of such section or sections as may be repealed by such amend- ment. Upon such action by the Board of Directors notice shall be mailed' to each .and every stockholder, containing a copy of the resolution so adopted, the full text of the proposed amendment, and also the full text of such section or ections as may be repealed by such amendment. Such notice shall also desig- nate the time and place of the' meeting at which such proposed amendment .shall be considered and voted upon. If a quorum of the stockholders is pres- ent or represented by a mailed vote, a majority of the members so present or :represented by mailed  ore may adopt or reject such proposed amendment. In witness whereof, we have hereunto set our hands and seals this 12th lay of January, 1922. In the presence of: Grace F. Kaercher, R. C. Kaereher. W. H. MATTHEWS (Seal)' GEIER BROS. (Seal) FRANK W. DUNN (Seal) F. L. CLIFF (Seal) A. B. KAERCHER (Seal) LUKE J. KEATING (Seal) LEWIS A. LIEN (Seal) EARL M. JOHNSON (Seal) JACOB FREY (Seal) CHAS. MATTHEWS (Seal) K. G. KNUDSON (Seal) WM. WELLENDORF (Seal) T. J. ANDERSON (Seal) W. KELLY (Seal) THEO. HUNDEBY (Seal) : O.J. LOFTHUS (Seal) MRS. WM. M. MORONEY (Seal HENRY HEIDECKER (Seal) TATE OF MINNESOTA, i s (OUNTY OF BIG,STONE,t On this 11th day of January, 1922, before me, a Notary Public, personally atppeared A. B. Kaercher, Luke J. Keating, Lewis A. Lien, Earl M. Johnson, Jacob, Frey, Chas. Matthews, K. G. Knudson, William Wellendorf, Theo. Hundeby, T. J. Anderson and W. Kelly to ,me known to be the persons de- scribed in and who executed the foregoing Certificate of Incorporation, and acknowledged that they executed the same as their free act and deed. GRACE F. KAERCHER, Notary Public, Big Stone County, Minnesota. My Commission expires January 10, 1924. TAE OF MINNESOTA, I OUNTY OF BIG STONE.  On this 12th day of January, 1922, before me, a Notary Public, personally appeared W. H. Matthews, D. E. Geier, one of the members of the co-partner- ship known as Geier Brothers, Frank W. Dunn, F. L. Cliff, Henry Heidecker, Mrs. William M. Moroney, and O. J. Lofthus to me known to be the persons <lescribed in and who executed the foregoing Certificate of Incorporation, and aeknowledged that they executed the same as their free act and deed. GRACE F. KAERCHER, Notary Public, Big Stone County, Minnesota. My Commission expires January 10, 1924. BY-LAWS ARTICLE I Name and Location. Section L--The name of this corporation shall be The Big Stolte County Co-operative Live Stock Association. Section 2.Its principal office shall be located at the city of Ortonville, in Big Stone County, Minnesota. Section 3. Other offices for the transaction of business shall be located at uch places as the board of Directors may from time to time determine. ARTICLE II Capital Stock. Section 1.The amount of capital stock shall be One Hundred Thousand Dollars ($100,000.00), which shall be divided into one thousand (1,000) shares of the par value of One Hundred Dollars ($100.00)each. Section 2.--All certificates of stock shall be signed by the President and the Secretary, and shall be sealed with the corporate seal. Section 3.--Trea,ury stock shall be held by the corporation subject to disposal of the Board of Directors and shall neither vote nor participate in (tNidends. Section 4.--The corporation shall have a first lien upon all the shares of its capital stock and upon all dividends declared upon the same for any in- debtedness of the respective holders thereof to the corporation. Section 5.--Transfers of stock shall be made only on the books of the cor- poration , and the old certificates, properly endorsed, shall be surrendered and cancelled before a new certificate is issued. The stock books of the corporation shall be closed against transfers for a period of twenty (20) days before the (tay of payment of a dividend and before each annual meeting of stockholders. Section 6.--No person shall become a stockholder of the corporation ex- cept by consent of the Board uf Directors, and no stockholder shall transfer or dispose of his stock without first offering the same for sale to the cor- loration, Upon receivin$ written notice from a_stockholder of his intention to transfer, sell or otherwme dispose of his stock, the corporation shall have thirty (30) days thereafter within which to purchase ahd paq for the same. tf within said period tim corporation shall tender to the holder of such stock an amount equal to the par value thereof, or, in the event that the book value thereof be reater than the par value, the book value thereof, such stock shall thereupon oecome the property of the corporation. Should the corporation fail to tender such amount to the stockholder within said period, the stock- holder serving such notice shall thereupon be free to dispose of the stock without restriction, except that no such stock shall be transferred or sold any person not eligible for membership in this corporation. ( ARTICLE III Stockholders' Meetings. Section 1.--The annual meeting of the stockholders of the corporation shall be held at its place of business in the city of Ortonville, in Big Stone County, Minnesota, on the second Wednesday in February of each year, at ten o'clock in the forenoon, unless a different place and hour shall be desig- nated by the Board of Directors, and if such day fall on a legal holiday the fneeting shall be held on the next succeeding business day. Section 2.--Special meetings of the stockholders shall be held on the same place as the annual meeting, or at such other place within th State of Minne- sota as may be designated by the Board of Directors. Such special meetings may be called at any time by the President, or in his absence by the Vice- President, on vote of a majority of the Board of Directors. It shall be the duty of the President to call such meetings whenever requested in writing by stockholders holding ten (t0) per cent or more of the capital stock, and in such case notice of the meeting shall be issued within ten (10) days and the meeting held 4dthin thirty (30) days of the receipt by th6 President of such request. Section 3.--Notice of the time and place of all annual and special meet- ings shall be mailed by the Secretary to each stockholder at his last known postoffice address not less than fifteen (15) nor more than thirty (30) days before the date thereof. In case of special meetings the notice shall state the time, place and purpose of the meeting. Section 4.--The President, or in his absence a Vice-President, shall pre- side at all such meetings. Section 5.--At evely meeting each stockholder shall be entitled to cast one vote, which vote may be cast in person or by mail but not by proxy. Votes by mail shall be accepted if certified to and signed by the stockholders so voting; provided, however, that a notice containing the exact text of the mo- tion or resolution has been mailed to each stockholder at his or its last known postoffice address and that a copy of the same is forwarded with and attached to the vote so mailed by the absent stockholder. The Board of Directors may cause a referendum vote to be taken by mail upon any action or recommenda- tion of the Board or for the purpose of electing members of the Board of Di- rectors, subject to the same regulations as above provided. Section 6.--Every stockholder shall have the right to vote for as many persons as there are directors to be elected. Section 7.--A quorum for the transaction of business at any regular or special meeting shall consist of a majority of the stockholders when the total number thereof does not exceed one hundred, and at least ten (10) per cent of the total number of stockholders if there then be more than one hundred stockholders, but there shall always be .more than fifty (50) stockholders pres- ent or represented to constitute a quorum at any such meeting. Members present in person or represented by mailed vote shall 'be counted in estimating a quorum. The fact of the attendance of a sufficient number of stockholders to constitute a quorum shall be established by a registration of the stockhold- ers of the corporation, which registration shall be verified and certified to by the President and Secretary of the Association. Directors. Section L--Regular annual meetings of the Board of Directors shall be held immediately after the annual meetings of the stockholders and at the same place. A majority of the Board shall be necessary to constitute a quorum and to transact business, but less than a quorum may adjourn from time to time or without date. In addition to the annual meeting of the Board of Directors, the Board shall hold at least four (4) regular meetings during the year at times and places to be designated by the President. Section 2.--Special meetings of the Board of Directors shall be held in the principal office of the corporation or such other place as the Executipe Coinmittee shall designate, and may be called by the President and in his absence by a Vice-President or by a majority of the members of the Board whether the President is absent or not. Section 3.--Notices of all regular and special meetings shall be mailed to eaqh director by the Secretary at least three (3) days prior to the time' fixed for the meeting. All notices of special meetings shall state the purpose thereof. Section 4.--A quorum for the transaction of business at any regular or special meeting of the Board, shall consist of a majority thereof, and a ma- jority of those present at any regular or special meeting shall have power to adjourn the meeting to a future time. Section 5.--At the directors' meeting following each annual stockholders' meeting the' directors shall elect the officers of the corporation and fix their salaries. An officer may be removed at any time by a majority vote of the Board of Directors. The Board of Directors may in its discretion appoint a general manager at such compefisation and to serve for such period as may be deemed advisable, and such general manager shall have such powers and du- ties as may be prescribed by the board. Section 6.--The absence of a member of the board from two consecutive regular or special meetings of the board, unless excused by the board, shall vacate the office of the director so absent. All vacancies .in the Board of Directors, from whatever cause, may be filled by the remaining directors at any regular or special directors' meeting, and directors so appointed shall serve until the next election. Section 7.A director may for cause be removed from his office at any an- nual meeting or at any special meeting called for that purpose, upon the af- firmative vote of two-thirds of the stockholders present or represented; pro- vided that notice in writing of the proposed action of the stockholders con- taining a brief statement of the charges against him shall have been mailed to such director at least ten (10) days before such meeting. At any special meeting the director whose acts are in question shall have the right to be heard in person and to be represented by counsel, and to produce and interro- gate witnesses. Section 8.--During the interim between meetings of the Board the busi- ness of the corporation shall be managed by an executive committee, which shall consist of the officers of the corporation. Section 9.--Previous to any annual stockholders meeting the Board  of Directors shall have the books and accounts of the association carefully au- dited l)y a reputable accountant, which report, together with a statement of the business done during the previous year, the general financial condition of the corporation, and the condition of its tangible property, shall be submitted to the stockholdem at the annual meeting. Section l).The Board of Directors shall require the General Manager and other officers, agents and employes having the custody or control of any of its funds or 'property, to give to the corporation a .bond with a qualified corporation as surety thereon, conditioned for the faithful discharge of the duties of such person, nd in such amount, and with such company as surety as the Board of Directors shall requie. The cost of such bonds shall be borne by the association. Section ll.--Directors shall be paid necessary railroad expense for a- tendance at meetings and compensation to be fixed by a three-fourths vote of all of the members of the Board, but not to exceed $6.00 per day. Section 12.--The Board of Directors shall appoint one or more commit- teemen from each township for the purpose of recommending loans in said township. ARTICLE V Officers. Section 1.The officers of this corporation shall be a President, a First Vice-President, a Second Vice-President, a Secretary and a Treasurer. They shall be elected for a term of one year, and each shall hold office until his suc- cessor is duly elected and qualified. No one shall be eligible to any office who is not a director of the corporation, and any officer who ceases to be a di- rector shall cease to hold office as soon as his successor is elected and qualified. The officers of Secretary and Treasurer may be held by one person, in which event such person shall be called "Secretary-Treasurer." Any officer may be removed at any time, with or without cause, by a majority vote of all of the members of the Board of Directors. Section 2.The President shall preside at all meetings of the stockholders and directors; shall have general supervision over the affairs of the corpora- tion and over the other officers; shall sign all contracts, deeds, and docu- ments requiring the corporate seal, and shall perform such other duties as are incident to his office, or as may. from time to time be prescribed by the Board of Directors. Section 3.--The Vice-Presidents shall, in the absence of the' President or his inability to act, have all the powers and perform all the duties of the President. Section 4.--The Secretary shall keep a record of the proceedings of all meetings of the stockholders and Board of Directors, and shall attest the same by his signature. He shall be responsible for the safe-keeping of all papers and documents of the corporation which properly belong to his office and of the corporate seal, and all of the same shall be kept at the principal office of the corporation, unless otherwise authorized by the Board of Direc- tors. He shall attest certificates of stock and all instruments requiring the corporate seal, and shall affix the seal thereto, and shall issue notices of meet- ings as required by the by-laws. Section 5.--The Treasurer shall safely keep, and account for all moneys, funds and other property which may come into his hands, and shall perform the functions of the general audit of the books and accounts of the corpora- tion. He shall Reep all moneys of the corporation in such bank or banks as the Board of Directors shall prescribe. All checks, promissary notes, bills of exchange and other instruments for the payment of money or dvidencing debt which shall be issued by the corporation shall be signed by such officers as the Board of Directors from time to time may designate. An employee other than an officer may be by the Board authorized to countersign any and all such writings, but each and all thereof shall be signed by at least one officer of the corporation. Section 6.In case of the absence or inability to act of the Secretary or Treasurer, the duties of such offices shall devolve upon and be performed by such persons as the Board of Directors may prescribe. ARTICLE VI Dividends and Finance. Section 1.--Dividends not to exceed eight (8) per cent per year and as authorized by law may be declared from time to time by resolution of the Board of Directors, and shall be paid out of the surplus earnings of the cor- poration, but the capital of the corporation shall not be impaired by the pay- meat of dividends. Section 2.--The net earnings of the corporation not dends on the stock or set aside in reserve fund shall be distributed end of the fiscal year as follows: The remainder of the net distributed to stockholder in the form of dividends dec of stock or other commodities sold or the amount of money stockholder shall receive one-half of the dividend awarded to based also upon the amount of commodities sold or money Section 3.--The funds of the corporation shall be deposited in or trust company as the directors shall designate and shall be upon the check or order of the officers or employes designated by the: of Directors. ARTICLE VII Certificates of Stock. Section 1.The certificates of stock of this corporation shall stantially the following form: No ............................... The Big Stone Cmnty Co-operative Liw Stock Associatio Incorporated under the laws of the State of Minnesota. : Certificate of Stock. Capital Stock $100,000.00. Shares This Certifies that .................................................................. is the holder of .......................................................................... shares of the of The Big Stone County Co-operative Live Stock Association, a transferable on the books of the corporation only on surrender tificate in accordance with the By-Laws of the corporation. The transfer of this stock is limited by the By-Laws of the to which reference is made for more definite information. Dated at Ortonville, Minnesota, this .................. day of 1922. Attest: Secretary. (Corporate Seal) Section 2.--All certificates of stock shall be signed by the a Vice President and by the Secretary, and shall have the affixed. ARTICLE VIII Seal. Section 1.--The seal of this corporation shall be a circular die ter of which shall appear the words "Corporate Seal" and part of which shall appear the words "The Big Stone Coun Live Stock Association." An imprint of such seal is affixed ARTICLE IX Amendments. Section 1.--Amendments to these By-Laws may be made by a vote of the stockholders present at any annual stockholders special meeting of the stockholders called for that purpose, posed amehdment has been set out in the notice of such meeting. Less. Live Stock Goes To Market Generally Decreased Receipts Week's Opening Causes Strong To Higher Trend in Markets. At Monday's Closing-- Cattle 2,300. Market steady to strong. Calves 209. Market steady. Hogs 7,900, market fully 25 to 50c higher, top $8.60, bulk $8.25 to $8.50. Good pigs $9.25. Sheep 2,000. Mar- ket strong to 25c or more higher, best fed lambs $12.50, choice fed ewes $7. So. St. Paul, Minn., January 23, 1922: General receipts of 46,000 cat- tle, 6,000 calves, 99,000 hogs and 39,- 000 sheep at seven large central mar- kets today were considerably below marketings of 65,000 cattle. 7,500 calves, 148,000 hogs and 57,000 sheep received at those points last Monday, and this reduction in the supply was a bullish influence in livestock markets today, all classes selling fully steady to strong and in some cases sharply higher than at last week's close. With 2,300 cattle on hand locally the market ruled fully steady to strong on beef steers and butcher she stock. A small lot of yearlings top- ped at $7.25, several sales of beef steers being noted from $6.25 to $6.75, and bulk from $5.50 to $6.25. A few real good heifers sold up to $6.00 with bulk of the butcher cows and heifers from $3.25 to $5.00. Canners and cut- ters went mostly at $2.25 to $3.00. bologna bulls $3.50 to $4.25. Bulk of best light veal calves sold Real good stockers and fat cattle order sold $6.25, a few up to stoekers and feeders $5.50. . The hog mart opened to 50c higher tlin last bulk $8.25 to $8.0, top packing sows around $6.50, $9.25. Sheep and lambs sold stroPS or more higher at the week's fed lambs $12.25 to $12.50, $10.50 to $12.00. Good and ewes $6.50 to $7.00, heavies $5.50. Too poor to take the home Well. that is a distressful Buy a hen, feed her crumbs from the kitchen and she will to pay for a year's work her up into pot pie pay her first cost, so that be clear profit. Repeat this year after Wells I am prepared to put your well in the and smallest cost to me first. R. 3, OrtonvillePhone JUST THINK ! A LIBERTY BELL FREE OF CHARGE. This bank wants every boy and girl of this city to have one of these unique home safes. They will help you save your dimes and nickles. Open a Savings Acfount today and get a Liberty Bell Bank. 5 PER CENT PAID ON ALL SAVINGS ORTONVILLE STATE John Carlson, President. C. J. Stark, Cashier. H.A. Stueke, As,"- The Pie Special Plate Dinner Tasty Lunches Home Cooking Home Baking Special attention to show and dance people Yours for Quality and Service C. A. BEARD, Proprietor: PAG] e THE ORTONYILLE INDEPENDENT Certificate of Incorporation of the Big Stone County Co-Operative Livestock Association The anderslzned, for the purpo of orgazing a corporation under an urant to ChaLotor 23 of the Law ef the State of Minnta for 1921, de hereby adopt dsiga the fdlowisg carfite of lnrpetinn. ARTICLE I The name of the orporatlon shalI be The Big Stone County Co-eperafl Live tk Asodation. The general nature of its business shall be conducting dir sifted faing in ]uding dairying, breeding, raising, fattpning, buying, selling, d dealing ir all kinds of five stock, poultry, d other fa pduets, including the buyinJ l]ing ad dealing in its o prodocts, the products of its lndlvidl mere. be nd th oduets ef any ether co-apetlve assiation, and /as business shall be carried on upon the -operative plan and shall be  authorized b) Chapter   the Laws of Minnesota for 192t d other laws of the stat applicable to h rpotions, .and m the management vd eondt ef it business it may bew monody, diount and redJount notes, draft% bills o hange d other uegotiahle itrent that may be necessary or n. nlent in th management and nduct of its busine, and may qui u nd dispose of aliqal and penal property and do any and aH things incl. dental to or nsry or nveaient for the purposes of au,h biness or an ltrt thenof. "lhe ?rmclpal pl of transactlng och biness shall be the City of O t onville, m Big Stone Cou, M/nnesots_ ARTICLE II The period of duration of the orporation shall be thy (80) yes. ARTICLE III The names and pls of residen of the incorporators a as folls: A. B. Khr, OrnIte, Minnesota, Luke J. gting, Graille, Minn. Lewis A Lipn, Gevlle, Minn.* Earl M. Johnson, Beardsleey, Minn. 3"0 my Beardsley Mi., Ch. Matthews, Clinton, Minn.. K. G. Kndson Beardsey, Minn, Win. Wellendor f, Ortovllle, Minn., T. J, Anderson, Chnton t 2lnn., W. Kelly, Ortonvllle, Minn. W. H. Matthews. 01onville, Minn., Oeie Bros., Or nville, Minn., Frk W. Dunn, OrtonvflM, Minn.. F. L Cliff, Orlon. iile. Minn., Thee. Hundeb)y,, Brdsley, Minn., O. J. Lofths, 8eardsMy, Minn. rg Win.  Merely, Brdsey, Minn., and Henry He,decker, Gracevflte ARTICLE IV The {eye.merit of said corporation and the nagement of its affair be sted in a Brd of five dito, who shall be elated at the mua meeting of the stockholde, ,which shall be held  th nd Wednesday ir ebary of aeh year. "lle f ollong ned incorporators shall constitute the first Beard of Di. setors: A, B. Kaeher, Charles A, Matthew% Luk J. Keating, William Vel. ]endorf and Ear John d ha][ hold oflee until the flt annul etln ,of th stockholders in the year 1923 and until their susso a elected an uflcd. At the first annual meeting of the stockholders in the year 1923 and an. lly teaftor them shaR be dted five {5) dieters to hold omce for t of on year. . . Diderot s so elated shah hold offl until their suessors are elected d qlified, ARTICLE V The amount of the apl'Ll stock of this corporation shall he One Hundred Od O]lS $1*0, dlvld in one thound (1,000) shs of he par va of One Hundred Dollars ($100.00) eh, and shall be paid in ither in money or property, at such times and in such manner as the Board of DIto may prescribe. ARTICLE VI The highpst amount of indebtednesz or liabflit4' to which this corporation shall at any tim he subject shall be One Milen Doll (1,000,000.00). ARTICLE VII The Articles of Ioeorpotion of this rperatien be vue of the sha of ts plt toeth or n any other mspt now or he.- after authorized by law. The said Articles y be se amended in the fol]ow- n manner: Te Board of Directors, b m pposed amendment, ann ame s may be repealed by such amend- n Upon such aeon hy the Id of Directors no shall be mMled to h ad ewry stoekhalder, tsivJ ng a copy of tile mlution so adopted, the foil ext of the posed amdment, and also the full text of sh section or - etlons as may Le _ealed .. such amendment:  Ce  Such noti shall also deslg- te the tim d pla of the mtlng at whh eh pped apdmt hll be dered d vot upon. If a m of the okholders la nt or prsentod b,ya totaled te, a malenty of the mbers se pent i*eprented by mailed vote y adopt or reioct eh ppod endmt- In vntne whf we ha hereunto t our hands d seals this v of January. 1922. [n the n of: G F. Kereher. R. C. Kaereher, w. H. MATHEWS (Seal GEIER BROS. {Seal FRANK W. DUNN (Seal F. L. CLIFF ISeal A. B KAERCHER Seal LUK J, KEATING (Sea] LEWIS A, LIEN {SI) EARL M. JOHNSON ISeal) JACOB FREY Seal) CHAS. MATTHEWS Seal K. G. KNUDSON Seal WM WLLENDORF Sea) T. J. ANDERSON (Seal) w. KELLY ISeal/ THEO. HUNDEBY (Seal) o. J. LOFTHUS (Seal) MRS, WM. M. MORONEY Seal HENRY HEIDECKEI (Sea } ZTATE OF MINNESOTA, t as. OUNTY OF BIG/TONE3 plad A. Je, Frey, SknIedged that they GRACE F. ,KAERCHE Ntary Pabe, Big Stone County, Mmnota My Commli exIrea Jary i0, 1924. ISTAE OF MINNESOTA, im COUNTY OF BIG STONE ' GRACE F. KAERCHER. Notar Public, Big Sto Coty, Minuesst My Comrmssa ps Jry 10, 19A. BY-LAWS ARTICLE I Nam atl I.ao, thereof be g-re eater th the par value, he book va ue theof, such stock shall thereupon b,come the pperey of the corporation. Should the eorgotion fail to tender seth ,nunt te the stockholder within said period, the stock- bolder seing ouch notice shall thereupon be fe to diapese of the stock .itheut strieon, except that no such stk shall be tnsferred er sold o any pern not eligible fur mbership in this corporation, t ARTICLE Ill St ockhalde' Meetings. Section L--The annual mting of he stoekholde hall he bold at its ple of business in zne y of Ortonvine, ounty, Minnesota, on the eond Wednelay ten o'clock hated by the Heard  a legal holiday 1 fntg lace  the annul meeting, c ple within the ota as may be designated by the Board of Dieters. Such special me.rigs may be caned at any tlm by th president, or in his absee by the Vice- Prssdent, on voe of a majority of the Board of Dito. It shall be the uty of the President to 11 such mtngs whenewr requested in wrltng by toekholders holding ten (10) per cPnt or mo of the pttal stk, and n uch easenoti of the meefing shall beisd Within ten 10) days eeting held dtbln thirty (3O) days of the receipt by th6 request. Stion 8.--Noti of the tim and place of all anoual and special reset- rags shall be mailed b the Seetary to each stockholder at his last knawn postomce addss nut es than fiftn (15) nor me than thirty (3O) days lefo the date thereof. In cae ef special meetings the neti shall tate te me, place and purpose of the mtmg. Stion 4.--The President, or in his absenee a ViePreident, shall fide at all such meetings. Stion 5.--At evely mttog each stkhelder shall be entitled to ca< me vote, which vote may be east in person er by mail but t by pxy. otes by mail shall he apted if rtified to d signed by the stkholders se voting; provided, however, that a noti contain, g the exact text ef the mo- tion or o]utlon has bn mled to h saw,holder at Ms er ts last tm postomce addmu d that a py of the  is foarded wlth d attached to the vote  mted by the absent stkholder. The Board of Dieto may cause a refendum vote to be taken by mail upon anmy action er meod ion of the Board or for the purpose of elating membe of the Board of D- cto, eubjt te the s .ulatlons  above provided. . Seeon 6Every stkholdes shall ha the right to vote for  many peons  them a dtora to be elated. Secti 7,--A quo for the transaction of business at  re lar or sl "n shtl consist of a erit of the stkhelde wen  total nber thf ds not exceed o hared, and at least ten (10) per cent of the total number of stockholders if the then be morn th one hundd toekholde, but there shll always be morn than fifty (60) stockholders ps- nt or presented to constitute a quom at y ch mting. Members prent in pern or psted b )y mailed vote shall be co.ted in estimatlng a quom. The fac ef the attend of a aumeient number of stockholders o son etitute a quo shall he established by a r efflst r atlon of the stockhold- ers of the roratlen, which regl'stration shMl be verified d certified to by the Preidt d Secretary of the Aasiativn. Direct s ection l.--Regallar nuai lntlngs of the Board.of Dito shall be held immediately after the nl meetings of the stockho[de and at the me pl. A ajority of the Brd shall be nessary to eonstltute a uom d to tsaet biness hut loss th a quomi may ad'ommq fr time to time or without dat. n ado lion to the nual mtlng of the Board of Dieto, the Board shall hold at least four (4) regullar mtings during the year at times d plas to be designatel by tile Psident Section 2.-Spialmeetlng of the Board of Dimeter shall be held in thl principal offi of the corporation or such other ple as the Exut[pe Comlttee shah designate, and may be called by the President d in his abn by a Viee-Pi,esideut or by a majority ef th members of the Board whether the plsident is absent or not. Stion 3--Notices of all glar and spiaI mtinga shall be mailed to ea dimtor by the Seetary at least th (3) fixed for the mting. All notices of special meeting Stion 4A rom for the transaction of business at any gular or special mting of the Board, shall eensst of a majmfty their, and a ma- Jority of those psent at any regular r special meeting shall have power to adjourn the meetin Section followiog eh ann] stkolders' meetiI W the dlrtors shall elect salaries. An omcer may be moved at y time by a majority vote of the Beard of Director, The Board of DIto y in its dition appoint a gen[ nager at suh eompeneatien and to sere for such period as may be deemed advisable, and sh general manager shall have such powe d du- ties as may be preribed by the boald. Section 6.--The absen of a member of the board glflar er spial mtings of the beard. l excused by the board, shall te the offi of the dlmctol so absent Section 7A diderot ms director at least ten t0) days l At an ay special the dirtor whe act are n question shl the right to be Section 9pvioue to any annual stockholders meeting the Beard'of clots shall have the books and eounts of the assodation efUlly an- thetIRedbunessb a onstabledurioeeuntat, which report, together wth a statement of te rperatlon,  to the stoekholde at the annual meetlng ,t]on ,--The Board el Dlt atd other of, affente and employs eof riottr ato as by the association Stion ll.--Dlreeors hall be paid n.an tenda at tngs and mpenU to b fixed a. of the membe, of the Beard r day. Section I2.--The Board of Dito shall appoint for the p0o of oendmg ls in said tos]flp. ARTICLE v tone year n r , d. el. a.d .u.lled..o on. al.e,ieb,.  . o . ie t a dirttor of the corporation, and y emir was erases to b a di- tar sha eee to hold otfice as sn as ha suceesr  eltd and 9ualifl. The oI of Setry and Tremr y be held by orm person, m which et such pern shl J called "Secretary.Tin.met." Ay emir  my be removed st any t w*t or wltht e, by a majority vote  all fth mmlbers 0ff the Bottrd of D x'tom. ts reqLrlng the rpote seal, are htldent to bla offi or as nm Dirto Sol 8.--Tim ViPruidents shall. Isbillt to be plrlbed by th( eprueudings of at ad hall attest th mg such fm time to dine determine ARTICLE II Capital 8tk. the by-laws. aloe of One Hundred Dllars ($ xO,O each. safely keep and account for all moneys, Section 2.--All rtifietea of sto*k shall be mgmed by the r come into his hands, d shall perfom the Seetary, ad shll be ald with the rorato eal. Section 3.--Treastry stock shall be held b the eorpnfion subjt to ton. n dipdal of the Beard of Dh'eetors and shall neither vote nor paridpate in the Board dildandn. wMch shall be isd by the rpomton sb the Board ef Directors from time to time m :orporation. may be by the Beard autherizec r  the hooks of the r- writings, hut each and MI thereof shail be dgned the corporation. Section 6.--In case of the aben or Inability  act of the Semta shall be cloud gdnst tsfers for a period of twenty (20) days b Tmr, the duties of such offle shall delve upon arm be perto b 3 such lr0ca a the Board of Dtor* may ms.ibm. day of paunent of a dDidead and before ah annual mting at Beckon 6.--NO n *hall become a stockholder of the rpamon ex- nsent of t Board bf IMtors, and no stockholder shall trsf ARTICLE VI stock without first offer the mme for sah to the eo I,dda d F. written entice from a f0ckholder of his inteation to 8set,on l.--D1vMends not to exoeed elgbt (8) 1r at pe yea mad attthoziad by law may be dlamd from tma to  br insolation of tM Bem' of Directors, and hall be paid out of the rnlngs of th eor persona, bat  1 of the e0rpolea shall not be alaar*d by the y, tmt of dvidond Stlon 2.--The net earnings of the rpotion stock or set aside in sse fund sha/l be distributed r trust company as the ( u ,on the ehk nr order of the om or employea designated by of D rectors. ARTICLE Via Certificates of Stk. stion l.--e certificates of stk ef ths corporation shall be i The BIz 8tone Om.ty Co-operative Live Stock A*oeiatla Certificate of Stk. Capital Stock $100,000.00. This Certifies that ...................... g/j: ................ (Corporate eal) . Section 'AI[ e rtiflcate of stock and by the Seetary, ARTICLE VIII Seal An imprint of ART/CLE IX Amendmts. y-Laws spial meeting posed edment has been set nut meeting. Le Li St k b .................... Id S ge 0c Rea  Goes To Market , .... -- $5,0. ,,. Generally De,reused Ripts At The hog  opt Wk's Opening Caus Strong to 50e higt t 1 To Higher Tnd [n Markets. bulk $8.2fi to , to] __ packing sows arbd Monday's Closing-- $9-25- Shp and lambs solo Cattle ,300. Market steady to or mere higher at the week' stng, Calves 20O. Market steady', fed lambs $12.25 to $11 Hogs 7,9OO, market fully 25 to S0 $10.50 to $12.00. Good higher, top $8.6O, bulk $8.25 to $8.0. es $6.0 to $7.00, Gd pigs $9.25. Sheep 2,000. Mar- ket stng to 25c or morn higher, best fed Iambs $12.50, eholee fed ewes $7. So, St. Paul, Mime, Janry 23, 1922: General eeipts of 46,OOO e tie, 6,OOO calves. 99.OOO hogs and 39,- 000 sheep at seven large ntl mar- kets today were e6nsidebly marketigs of 65,OOO cable. calves. 148,000 hogs d 7,000 Well, that is a dietssftd Buy a hen, pay her flt cost, so that P be clear pfit. year after year. today all dqses elling fully steady ....................... Wells higher than at last week's close With 230O cattle on hand Ially me market led fully steady to 1  prepared to put strong on beef steers ad butoher she yo well in the stoel A small lot of yearlings top ped at $7.25, several sales of beef and smlest st to steers being noted fm $6,25 to $6.75, me first. p to $o.oo with ]r s and beife Cann and cat- . 3, meaty at $2.25 so $.00, bologna bulls 3.0 to $4.26. Bulk of JUST THINK! A LIBERTY BELL FREE OF CHARGE, every boy and girl of this cit home safes The win help you save ye dtm aed niek]es. Open a Savnffs Aut today and gt a LibtY 5 PER CENT PAID ON LL SAVINGS Jeha Crv. Prulmt The Pie Special Plate Dinner Tasty Lunches Home Cooking Home Baking Special attention to show and dance people Yours for Quality and Service C. A. BEARD THE ORTONVILLE INDEPENDENT THURSDAY "4 ' Certificate of Incorporation of the Big Stone County Co-Operative Livestock Association The undersigned, for the purpose of organizing a corporation under and pursuant to Chapter 23 of the Laws of the State of Minnesota for 1921, do hereby adopt and sign the following cartificate of incorporation. ARTICLE I The name of the corporation shall be The Big Stone County Co-operative Live Stock Association. The general nature of its business shall be conducting diversified farming, in- ,eluding dairying, breeding, raising, fattening, buying, selling, and dealing in all kinds of live stock, poultry, and other farm products, including the buying selling and dealing in its own products, the products of its individual mem- bers. and the products of any other co-operative association, and its business shall be carried on upon the co-operative plan and shall be asJ authorized by Chapter z ot the Laws of Minnesota for 1921 and other laws of the state applicable to such corporations, and in the management affd conduct of its business it may borrow money, discount and rediscount notes, drafts, bills of .exchange and other negotiable instruments that may be necessary or con- venient in the management and conduct of its business, and may acquire use .and dispose of all real and personal property and do any and all things inci- (lental to or necessary or convenient for the purposes of such business or any ]part thereof. The principal place of transacting such business shall be the City of Or- onville, in Big Stone County, Minnesota. ARTICLE II The period of duration of the corporation shall be thirty (30) years. ARTICLE III The names and places of residence of the incorporators are as follows: A. B. Kaercher, Ortonville, Minnesota, Luke J. Keating, Graceville, Minn., Lewis A. Lien, Graceville, Minn., Earl M. Johnson, Beardsley, Minn., Jacob Frey, Beardsley, Minn., Chas. Matthews, Clinton, Minn., K. G. Knudson, Beardsley, Minn, Win. Wellendorf, Ortonville, Minn., T. J. Anderson, Clinton, .Minn., W. Kelly, Ortonville, Minn., W. H. Matthews. Ortonville, Minn., Geier Bros., Ortonville, Minn., Frank W. Dunn, Ortonville, Minn., F. L. Cliff, Orton- ville, Minn., Thee. Hundeby, Beardsley, Minn., O. J. Lofthus, Beardsley, Minn., :Mrs. Wm. M. Moroney, Beardsley, Minn., and Henry Heidecker, Graceville, :Minnesota. ARTICLE IV The government of said corporation and the management of its affairs .shall be vested in a Board of five directors, who shall be elected at the annual meeting of the stockholders,which shall be held on the second Wednesday in February of each year. The following named incorporators shall constitute the first Board of Di- rectors: A.B. Kaercher, Charles A. Matthews, Luke J. Keating, William Wel- lendorf and Earl Johnson, and shall hold office until the first annual meeting f the stockholders in the year 1923 and until their successors are elected and lualified. At the first annual meeting of the stockholders in the year 1923 and. an- nually thereafter there shall be elected five (5) directors to hold office for a ierm of one year. Directors so elected shall hold office until their successors are elected and (lualified. ARTICLE V The amount of the capital stock of this corporation shall be One Hundred qhousand Dollars ($100,000.00), divided into one thousand (1,000) shares of the par value of One Hundred, Dollars ($100.00) each, and shall be paid in either in money or property, at such times and in such manner as the Board of Directors may prescribe. ARTICLE VI The highest amount of indebtednes or liability to which this corporation shall at any time be subject shall be One Million Dollars (1,000,000.00). ARTICLE VII The Articles of Incorporation of this corporation may be amentled a any ime and from time to time so as to change its corporate name or title or a to increase or diminish its capital stock, or to change the nmnber an( ]par value of the shares of its capital stock, or in any other respect now or here- .after authorized by law. The said Articles may be so amended in the follow- :ing manner: The Board of Directors, by a majority vote of its members, may pass a :resolution setting forth the full text of the proposed amendment, and also the full text of such section or sections as may be repealed by such amend- ment. Upon such action by the Board of Directors notice shall be mailed' to each .and every stockholder, containing a copy of the resolution so adopted, the full text of the proposed amendment, and also the full text of such section or ections as may be repealed by such amendment. Such notice shall also desig- nate the time and place of the' meeting at which such proposed amendment .shall be considered and voted upon. If a quorum of the stockholders is pres- ent or represented by a mailed vote, a majority of the members so present or :represented by mailed  ore may adopt or reject such proposed amendment. In witness whereof, we have hereunto set our hands and seals this 12th lay of January, 1922. In the presence of: Grace F. Kaercher, R. C. Kaereher. W. H. MATTHEWS (Seal)' GEIER BROS. (Seal) FRANK W. DUNN (Seal) F. L. CLIFF (Seal) A. B. KAERCHER (Seal) LUKE J. KEATING (Seal) LEWIS A. LIEN (Seal) EARL M. JOHNSON (Seal) JACOB FREY (Seal) CHAS. MATTHEWS (Seal) K. G. KNUDSON (Seal) WM. WELLENDORF (Seal) T. J. ANDERSON (Seal) W. KELLY (Seal) THEO. HUNDEBY (Seal) : O.J. LOFTHUS (Seal) MRS. WM. M. MORONEY (Seal HENRY HEIDECKER (Seal) TATE OF MINNESOTA, i s (OUNTY OF BIG,STONE,t On this 11th day of January, 1922, before me, a Notary Public, personally atppeared A. B. Kaercher, Luke J. Keating, Lewis A. Lien, Earl M. Johnson, Jacob, Frey, Chas. Matthews, K. G. Knudson, William Wellendorf, Theo. Hundeby, T. J. Anderson and W. Kelly to ,me known to be the persons de- scribed in and who executed the foregoing Certificate of Incorporation, and acknowledged that they executed the same as their free act and deed. GRACE F. KAERCHER, Notary Public, Big Stone County, Minnesota. My Commission expires January 10, 1924. TAE OF MINNESOTA, I OUNTY OF BIG STONE.  On this 12th day of January, 1922, before me, a Notary Public, personally appeared W. H. Matthews, D. E. Geier, one of the members of the co-partner- ship known as Geier Brothers, Frank W. Dunn, F. L. Cliff, Henry Heidecker, Mrs. William M. Moroney, and O. J. Lofthus to me known to be the persons <lescribed in and who executed the foregoing Certificate of Incorporation, and aeknowledged that they executed the same as their free act and deed. GRACE F. KAERCHER, Notary Public, Big Stone County, Minnesota. My Commission expires January 10, 1924. BY-LAWS ARTICLE I Name and Location. Section L--The name of this corporation shall be The Big Stolte County Co-operative Live Stock Association. Section 2.Its principal office shall be located at the city of Ortonville, in Big Stone County, Minnesota. Section 3. Other offices for the transaction of business shall be located at uch places as the board of Directors may from time to time determine. ARTICLE II Capital Stock. Section 1.The amount of capital stock shall be One Hundred Thousand Dollars ($100,000.00), which shall be divided into one thousand (1,000) shares of the par value of One Hundred Dollars ($100.00)each. Section 2.--All certificates of stock shall be signed by the President and the Secretary, and shall be sealed with the corporate seal. Section 3.--Trea,ury stock shall be held by the corporation subject to disposal of the Board of Directors and shall neither vote nor participate in (tNidends. Section 4.--The corporation shall have a first lien upon all the shares of its capital stock and upon all dividends declared upon the same for any in- debtedness of the respective holders thereof to the corporation. Section 5.--Transfers of stock shall be made only on the books of the cor- poration , and the old certificates, properly endorsed, shall be surrendered and cancelled before a new certificate is issued. The stock books of the corporation shall be closed against transfers for a period of twenty (20) days before the (tay of payment of a dividend and before each annual meeting of stockholders. Section 6.--No person shall become a stockholder of the corporation ex- cept by consent of the Board uf Directors, and no stockholder shall transfer or dispose of his stock without first offering the same for sale to the cor- loration, Upon receivin$ written notice from a_stockholder of his intention to transfer, sell or otherwme dispose of his stock, the corporation shall have thirty (30) days thereafter within which to purchase ahd paq for the same. tf within said period tim corporation shall tender to the holder of such stock an amount equal to the par value thereof, or, in the event that the book value thereof be reater than the par value, the book value thereof, such stock shall thereupon oecome the property of the corporation. Should the corporation fail to tender such amount to the stockholder within said period, the stock- holder serving such notice shall thereupon be free to dispose of the stock without restriction, except that no such stock shall be transferred or sold any person not eligible for membership in this corporation. ( ARTICLE III Stockholders' Meetings. Section 1.--The annual meeting of the stockholders of the corporation shall be held at its place of business in the city of Ortonville, in Big Stone County, Minnesota, on the second Wednesday in February of each year, at ten o'clock in the forenoon, unless a different place and hour shall be desig- nated by the Board of Directors, and if such day fall on a legal holiday the fneeting shall be held on the next succeeding business day. Section 2.--Special meetings of the stockholders shall be held on the same place as the annual meeting, or at such other place within th State of Minne- sota as may be designated by the Board of Directors. Such special meetings may be called at any time by the President, or in his absence by the Vice- President, on vote of a majority of the Board of Directors. It shall be the duty of the President to call such meetings whenever requested in writing by stockholders holding ten (t0) per cent or more of the capital stock, and in such case notice of the meeting shall be issued within ten (10) days and the meeting held 4dthin thirty (30) days of the receipt by th6 President of such request. Section 3.--Notice of the time and place of all annual and special meet- ings shall be mailed by the Secretary to each stockholder at his last known postoffice address not less than fifteen (15) nor more than thirty (30) days before the date thereof. In case of special meetings the notice shall state the time, place and purpose of the meeting. Section 4.--The President, or in his absence a Vice-President, shall pre- side at all such meetings. Section 5.--At evely meeting each stockholder shall be entitled to cast one vote, which vote may be cast in person or by mail but not by proxy. Votes by mail shall be accepted if certified to and signed by the stockholders so voting; provided, however, that a notice containing the exact text of the mo- tion or resolution has been mailed to each stockholder at his or its last known postoffice address and that a copy of the same is forwarded with and attached to the vote so mailed by the absent stockholder. The Board of Directors may cause a referendum vote to be taken by mail upon any action or recommenda- tion of the Board or for the purpose of electing members of the Board of Di- rectors, subject to the same regulations as above provided. Section 6.--Every stockholder shall have the right to vote for as many persons as there are directors to be elected. Section 7.--A quorum for the transaction of business at any regular or special meeting shall consist of a majority of the stockholders when the total number thereof does not exceed one hundred, and at least ten (10) per cent of the total number of stockholders if there then be more than one hundred stockholders, but there shall always be .more than fifty (50) stockholders pres- ent or represented to constitute a quorum at any such meeting. Members present in person or represented by mailed vote shall 'be counted in estimating a quorum. The fact of the attendance of a sufficient number of stockholders to constitute a quorum shall be established by a registration of the stockhold- ers of the corporation, which registration shall be verified and certified to by the President and Secretary of the Association. Directors. Section L--Regular annual meetings of the Board of Directors shall be held immediately after the annual meetings of the stockholders and at the same place. A majority of the Board shall be necessary to constitute a quorum and to transact business, but less than a quorum may adjourn from time to time or without date. In addition to the annual meeting of the Board of Directors, the Board shall hold at least four (4) regular meetings during the year at times and places to be designated by the President. Section 2.--Special meetings of the Board of Directors shall be held in the principal office of the corporation or such other place as the Executipe Coinmittee shall designate, and may be called by the President and in his absence by a Vice-President or by a majority of the members of the Board whether the President is absent or not. Section 3.--Notices of all regular and special meetings shall be mailed to eaqh director by the Secretary at least three (3) days prior to the time' fixed for the meeting. All notices of special meetings shall state the purpose thereof. Section 4.--A quorum for the transaction of business at any regular or special meeting of the Board, shall consist of a majority thereof, and a ma- jority of those present at any regular or special meeting shall have power to adjourn the meeting to a future time. Section 5.--At the directors' meeting following each annual stockholders' meeting the' directors shall elect the officers of the corporation and fix their salaries. An officer may be removed at any time by a majority vote of the Board of Directors. The Board of Directors may in its discretion appoint a general manager at such compefisation and to serve for such period as may be deemed advisable, and such general manager shall have such powers and du- ties as may be prescribed by the board. Section 6.--The absence of a member of the board from two consecutive regular or special meetings of the board, unless excused by the board, shall vacate the office of the director so absent. All vacancies .in the Board of Directors, from whatever cause, may be filled by the remaining directors at any regular or special directors' meeting, and directors so appointed shall serve until the next election. Section 7.A director may for cause be removed from his office at any an- nual meeting or at any special meeting called for that purpose, upon the af- firmative vote of two-thirds of the stockholders present or represented; pro- vided that notice in writing of the proposed action of the stockholders con- taining a brief statement of the charges against him shall have been mailed to such director at least ten (10) days before such meeting. At any special meeting the director whose acts are in question shall have the right to be heard in person and to be represented by counsel, and to produce and interro- gate witnesses. Section 8.--During the interim between meetings of the Board the busi- ness of the corporation shall be managed by an executive committee, which shall consist of the officers of the corporation. Section 9.--Previous to any annual stockholders meeting the Board  of Directors shall have the books and accounts of the association carefully au- dited l)y a reputable accountant, which report, together with a statement of the business done during the previous year, the general financial condition of the corporation, and the condition of its tangible property, shall be submitted to the stockholdem at the annual meeting. Section l).The Board of Directors shall require the General Manager and other officers, agents and employes having the custody or control of any of its funds or 'property, to give to the corporation a .bond with a qualified corporation as surety thereon, conditioned for the faithful discharge of the duties of such person, nd in such amount, and with such company as surety as the Board of Directors shall requie. The cost of such bonds shall be borne by the association. Section ll.--Directors shall be paid necessary railroad expense for a- tendance at meetings and compensation to be fixed by a three-fourths vote of all of the members of the Board, but not to exceed $6.00 per day. Section 12.--The Board of Directors shall appoint one or more commit- teemen from each township for the purpose of recommending loans in said township. ARTICLE V Officers. Section 1.The officers of this corporation shall be a President, a First Vice-President, a Second Vice-President, a Secretary and a Treasurer. They shall be elected for a term of one year, and each shall hold office until his suc- cessor is duly elected and qualified. No one shall be eligible to any office who is not a director of the corporation, and any officer who ceases to be a di- rector shall cease to hold office as soon as his successor is elected and qualified. The officers of Secretary and Treasurer may be held by one person, in which event such person shall be called "Secretary-Treasurer." Any officer may be removed at any time, with or without cause, by a majority vote of all of the members of the Board of Directors. Section 2.The President shall preside at all meetings of the stockholders and directors; shall have general supervision over the affairs of the corpora- tion and over the other officers; shall sign all contracts, deeds, and docu- ments requiring the corporate seal, and shall perform such other duties as are incident to his office, or as may. from time to time be prescribed by the Board of Directors. Section 3.--The Vice-Presidents shall, in the absence of the' President or his inability to act, have all the powers and perform all the duties of the President. Section 4.--The Secretary shall keep a record of the proceedings of all meetings of the stockholders and Board of Directors, and shall attest the same by his signature. He shall be responsible for the safe-keeping of all papers and documents of the corporation which properly belong to his office and of the corporate seal, and all of the same shall be kept at the principal office of the corporation, unless otherwise authorized by the Board of Direc- tors. He shall attest certificates of stock and all instruments requiring the corporate seal, and shall affix the seal thereto, and shall issue notices of meet- ings as required by the by-laws. Section 5.--The Treasurer shall safely keep, and account for all moneys, funds and other property which may come into his hands, and shall perform the functions of the general audit of the books and accounts of the corpora- tion. He shall Reep all moneys of the corporation in such bank or banks as the Board of Directors shall prescribe. All checks, promissary notes, bills of exchange and other instruments for the payment of money or dvidencing debt which shall be issued by the corporation shall be signed by such officers as the Board of Directors from time to time may designate. An employee other than an officer may be by the Board authorized to countersign any and all such writings, but each and all thereof shall be signed by at least one officer of the corporation. Section 6.In case of the absence or inability to act of the Secretary or Treasurer, the duties of such offices shall devolve upon and be performed by such persons as the Board of Directors may prescribe. ARTICLE VI Dividends and Finance. Section 1.--Dividends not to exceed eight (8) per cent per year and as authorized by law may be declared from time to time by resolution of the Board of Directors, and shall be paid out of the surplus earnings of the cor- poration, but the capital of the corporation shall not be impaired by the pay- meat of dividends. Section 2.--The net earnings of the corporation not dends on the stock or set aside in reserve fund shall be distributed end of the fiscal year as follows: The remainder of the net distributed to stockholder in the form of dividends dec of stock or other commodities sold or the amount of money stockholder shall receive one-half of the dividend awarded to based also upon the amount of commodities sold or money Section 3.--The funds of the corporation shall be deposited in or trust company as the directors shall designate and shall be upon the check or order of the officers or employes designated by the: of Directors. ARTICLE VII Certificates of Stock. Section 1.The certificates of stock of this corporation shall stantially the following form: No ............................... The Big Stone Cmnty Co-operative Liw Stock Associatio Incorporated under the laws of the State of Minnesota. : Certificate of Stock. Capital Stock $100,000.00. Shares This Certifies that .................................................................. is the holder of .......................................................................... shares of the of The Big Stone County Co-operative Live Stock Association, a transferable on the books of the corporation only on surrender tificate in accordance with the By-Laws of the corporation. The transfer of this stock is limited by the By-Laws of the to which reference is made for more definite information. Dated at Ortonville, Minnesota, this .................. day of 1922. Attest: Secretary. (Corporate Seal) Section 2.--All certificates of stock shall be signed by the a Vice President and by the Secretary, and shall have the affixed. ARTICLE VIII Seal. Section 1.--The seal of this corporation shall be a circular die ter of which shall appear the words "Corporate Seal" and part of which shall appear the words "The Big Stone Coun Live Stock Association." An imprint of such seal is affixed ARTICLE IX Amendments. Section 1.--Amendments to these By-Laws may be made by a vote of the stockholders present at any annual stockholders special meeting of the stockholders called for that purpose, posed amehdment has been set out in the notice of such meeting. Less. Live Stock Goes To Market Generally Decreased Receipts Week's Opening Causes Strong To Higher Trend in Markets. At Monday's Closing-- Cattle 2,300. Market steady to strong. Calves 209. Market steady. Hogs 7,900, market fully 25 to 50c higher, top $8.60, bulk $8.25 to $8.50. Good pigs $9.25. Sheep 2,000. Mar- ket strong to 25c or more higher, best fed lambs $12.50, choice fed ewes $7. So. St. Paul, Minn., January 23, 1922: General receipts of 46,000 cat- tle, 6,000 calves, 99,000 hogs and 39,- 000 sheep at seven large central mar- kets today were considerably below marketings of 65,000 cattle. 7,500 calves, 148,000 hogs and 57,000 sheep received at those points last Monday, and this reduction in the supply was a bullish influence in livestock markets today, all classes selling fully steady to strong and in some cases sharply higher than at last week's close. With 2,300 cattle on hand locally the market ruled fully steady to strong on beef steers and butcher she stock. A small lot of yearlings top- ped at $7.25, several sales of beef steers being noted from $6.25 to $6.75, and bulk from $5.50 to $6.25. A few real good heifers sold up to $6.00 with bulk of the butcher cows and heifers from $3.25 to $5.00. Canners and cut- ters went mostly at $2.25 to $3.00. bologna bulls $3.50 to $4.25. Bulk of best light veal calves sold Real good stockers and fat cattle order sold $6.25, a few up to stoekers and feeders $5.50. . The hog mart opened to 50c higher tlin last bulk $8.25 to $8.0, top packing sows around $6.50, $9.25. Sheep and lambs sold stroPS or more higher at the week's fed lambs $12.25 to $12.50, $10.50 to $12.00. Good and ewes $6.50 to $7.00, heavies $5.50. Too poor to take the home Well. that is a distressful Buy a hen, feed her crumbs from the kitchen and she will to pay for a year's work her up into pot pie pay her first cost, so that be clear profit. Repeat this year after Wells I am prepared to put your well in the and smallest cost to me first. R. 3, OrtonvillePhone JUST THINK ! A LIBERTY BELL FREE OF CHARGE. This bank wants every boy and girl of this city to have one of these unique home safes. They will help you save your dimes and nickles. Open a Savings Acfount today and get a Liberty Bell Bank. 5 PER CENT PAID ON ALL SAVINGS ORTONVILLE STATE John Carlson, President. C. J. Stark, Cashier. H.A. Stueke, As,"- The Pie Special Plate Dinner Tasty Lunches Home Cooking Home Baking Special attention to show and dance people Yours for Quality and Service C. A. BEARD, Proprietor: