Become an Owner
Interested in becoming an owner of the Macomb Food Coop? It’s as simple as filling out the Subscription Agreement and mailing it with your check to:
Macomb Food Coop
P.O. Box 802
Macomb, Illinois 61455
Make checks payable to Macomb Food Coop.
Download Subscription Agreement as PDF
SUBSCRIPTION AGREEMENT
(One per individual)
For the purpose of facilitating access to consumer goods by providing necessary funding for a proposed retail food cooperative, and to acquire an membership interest in the Cooperative, I hereby subscribe to purchase ______________ (___) share(s) at a price of one hundred dollars ($100.00) per share payable in full upon execution of this agreement OR in installments of at least $10 during a period not to exceed one year, as follows:
________________________________________________________________________________________.
The membership interest hereby subscribed for is intended to confer the right to purchase goods and services at member prices and to participate in the governance of the Cooperative in accordance with its bylaws which will be approved at a meeting of members. The share to be acquired hereby will entitle the holder to no dividends or other monetary return on contributed capital, will be nontransferable except to the Cooperative, will be redeemable only in limited circumstances in accordance with the bylaws of the Cooperative, and will be subject to other terms and conditions in the bylaws of the Cooperative.
I understand that the capital funds remitted hereby are subject to the risks inherent in any start-up enterprise of this character, and that such risks may result in the loss of part or all of such funds.
_______________________________________
Signature of individual
Date: __________________
Please provide the individual owner’s identifying information (print):
Printed name: ______________________________
Mailing address: __________________________________________________
Telephone: ______________________________
E-mail: ______________________________
Accepted: _______________________________________
Agent for Co-op
Date of acceptance: _______________
Questions? Contact us at info@macombfoodcoop.net
