PALMER ALASKA_<GASL.8A§MIISSM*.-SSII.OR,_
Published every Friday at Palmer,Alaska, for the Matanuska valley
Farmers Cooperating Association, for the purpose *f giving news of the
Associations wrk, problems & accomplishments and news of interest,_
Subscription by mall $1.75 yearly._Box $ 1.00, Single Copy 10 j._
Next Tuesday afternoon at 2.00 o'clock, mast of the people of the
Matanuska valley will gather,to hear reports about the activities of
their Directors and the business transacted during the last year ty the
Cooperative Association, which handles most of the business done in the
Matanuska Valley section. The members of the Association have reason to
be proud of the'development of the Cooperative in the last few year.;.
And while some mistakes have been made and the road was not always clear,
it has been a successful undertaking,but we must remember that evei-’Jrthing
that is worth while, usualy requires work and patience, and when we fall
down, crying is not helpful, just get up and go to it again, and each
time try' te remove the obstacle that triped us,make the road smoother
for those who follow.
Financial reparts will be given at this meeting, that will indicate
just how well *ur Management has been, or what conditions have been in
the past year that could,or could not have been avoided. Members will
have the priviledge of asking questions and by these questions the : oard
will knov. what the members arc thinking about and largely what they want
or expect in the coming year.
Four Directors will be elected and the policy of the Association may
be changed by these four men, as soon as the^ are seated on the Bvavd.
The Chief of* the Farm Credit Admibtration ' 3 Cooperative Rer.search and
Service Division, in a report ^n Co-op,s says that members havo a defi- .
nate relation in management and states that the rights of members to
participate in their Co-op's management, includes
1 - Fleet and. remove directors of the association.
2 - Adopt and amend bylaws. ' '
3 - Increase or c’ecresse the capitalization * approve loans under special
Circ\imstances; and adopt marketing contracts, and other contracture 1
arrangements between the members a nr* the cooperative.
4 - Require offleers,directors and other agents to comrlv with the law
under which the association was set up and with, its articles of incorpor
ation, bylaws and marketing contracts.
5 - Hold directors and officers who fail to so comply liable for any
losses caused members by failure.
6 - Examine the associations books of record and its property, subject
to reasonable restrictions.
Members both own and control the association. They ere its patrons to
the extentthat they market their commodities or purchase their supplies
through it. It is to their interest to see that its nana0e~ent is brndlec
capable and efficiently as it is poosable to make it. The control „f the
management io exercised through their representives on the Board of
Directors. Thus it is to their advantage to elect persons who. are thor
oughly qualified individuals, as directors.
We feel sure that the member* ■ qjf ay# Co-op. will be guided'by these
suggestions and that the scmfeO’ti - association vrill try to make
this meeting a progressive, constructive affair, and that the new direct
ors willnbe honest, capable and intelligent members who have the best
ability,in the preformance- of their task.