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Cooperative Debates Merger and Finances at Coatesville
The Producers Cooperative Board considers selling the egg dressing plant to address debts after borrowing 50000 from Baltimore Bank of Co-operatives. Directors foresee 60000 to 90000 more working capital needed and possible use of member equity. 150 of 203 votes favored continuation with current bylaws despite pressures and losses.
MENTIONED IN THIS ARTICLE
Baltimore Bank of Cooperatives
Carlin
Producers Cooperative
Roy Herr
Lancaster RZ
Teller
Coatesville