BOARD ' ETING CON'T
was endorsed, and the President
end Secret'ry - Treasurer were
euthorizod to accept it for the
Asceolation.
The expenses of the tri* to Anch
orage were found to ho'50,
On notion by ’nanussen, seconded
by Swanson, it wo.a ordered paid
from the contingency fund,
A motion was ru.de and carried that
President Huntley, hr,Rasmusson,
and Hr,Stock bo appointed to adjust
the claims for cr .dit made by the
ARRC.
Adjournment to meet July 10,
Mr,Leonard Kygcr has been hired
to represent the Association in
Fairbanks on r. commission basis.
JOINT BOARD MEETING HELD
JUNE 25
A joint meeting of tho 3oards of
Directora of the Cooperating
Association and the ARRC v/as hold
in Anchorage at 2:00 p.m,,Friday
June 23. Members attending wore
Ohioon, MeDonal1, Tarwater,Sheely,
and Bcuv/ons for the ARRC, Linn as
a member of both Boards, and
Huntley,Hassnussen, Swanson, Brix,
and Vasanoja, for the Cooperating
Association, and Mr.Stock as man
ager of the Association.
After a review of correspondence
relative to the transfer of the
assets of the Civic Center to the
Association, Mr,Stock's outline
of the plan to transfer the man
aging and financing of the Moats,
Produce, and Creamery Departments
to the Association v/as read and
discussod. Mr.I• cDonald st- ted
that he was under the impression
that the various units in the
Civic Center had already been
turned over, but it was explained
that tho transfer had been only
theoretical, with the ARRC remain
ing the managing agency for the
4 •
Co-op. Speaking for the ARRC,
Col.Ohlson stated that they would
grant ,10,000.00 to cover possible
OY) era ting deficits, but that they
could not promise any additional
amounts unless they received more
money from Washington, and that
they would supply further funds
if more money was available from
that source.
Itr.Chloon stated that the Govern
ment had set aside p300,000. for
the Matanuska Project, but that
it had not yet decided how the
money was to be handled. Two
moans were under consideration.
One was through the Farm Security
Administration by moans of a loan
to the Association, to be repaid
to the Administration. T ho
second was by a further grant to
the ARRC, which would lend to the
association. Either loan would
have to be repaid, but any grant
of funds to the ARRC would allow
the money to remain in the Territ
ory.
lir.Ohlson now aslcod the members
of the Co-op Board which plan they
favored. Hr.Drix stated that he
favored the first plan as the
money would not have to be repaid
to the Government, Mr.huntley'
stated that he favored the second
plan and supported by Mr. Rasmus son.
Mr.Ohlson stated that it was plann
ed to have an administrator or
manager to supervise the actions
of the Board of Directors of the
Cooperating Association, and that
he would bo present at all meetings
and have the power to veto any
polioicd of the Board that he
considered necessary to the best
interests of the parties concerned.
it was called to the attention of
the ARRC Board that & fair and honost
supervisor would he fine in ..the
above arrangement, but that a dis
honest, greedy, and unfair super
visor would be terrible for the
Colony. However the Chairman
stated that the Colonists would
still have the right to lay their
grievances before the authorities
in Washington.
Some discussion followed about the
( continued on page 6 )