Word: boarded
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Dates: during 1900-1909
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Yesterday there appeared in the CRIMSON a statement of the plan proposed by the majority of the Board of Directors of the Co-operative Society for its incorporation, together with reasons which, it is said, make the change advantageous. The step is an important one for the Cooperative Society and deserves to be carefully considered by the members, with whom rests the final decision, before it is taken. I wish to set forth reasons to show that the proposed change is undesirable...
...that it transfers the control of the Society from the members, who have it at present, to five persons who are to be incorporated as stockholders with power to choose their successors. The first stockholders will be the five members of the Faculty who are now on the Board of Directors--only three of whom, however, are permanent Directors...
...anyone any uneasiness. The members of the Society are in no danger of being called-upon to pay the debts of the Society, even if they are liable, which is doubtful. So confident of the strength of the Society are the members of the Faculty who are on the Board that they are willing to take upon themselves all the responsibility in the proposed cor- poration. No officer of the Society has had to sign any leases, unless the Superintendent is considered an officer; and he declares that he does not feel the least uneasiness in doing...
Even if incorporation were necessary, however, a plan could be devised containing the co-operative element, the Directors being chosen as at present, by the members. Such a plan was offered the Board by the undersigned, but was rejected...
...majority of the present Board of Directors, do not believe in election of Directors by the members. They say that the members do not take any interest in the affairs of the Society, and do not attend the annual meetings. This is only true to the following extent. When the Society is accomplishing its purposes, the members never interfere. But when the members cannot obtain what they desire at the store, and are not satisfied with the treatment they receive there, they can, under the present system, come to the meetings of the Society and make their influence felt. this...