Support local producers.
Become an owner!
Join now to become a founding owner of the Screw City Food Co-op and be part of the ground-floor discussions of how and where the store will be established. Ongoing membership benefits include voting rights, producer discounts, and patronage dividends. The more we work together, the more we all flourish.
A local food co-op will enhance the economic vitality of Rockford, provide more healthy food choices, and bring our beautiful community closer. With your help, we can work as a community to build this place!
SUBSCRIPTION AGREEMENT: For the purpose of facilitating access to consumer goods by providing necessary capital funds for a proposed retail food store, and to acquire an ownership interest in the Cooperative, I hereby subscribe to purchase _______ shares (not less than two nor more than ten) at a price of one hundred dollars ($100.00) per share for a total purchase price of _____________________ dollars ($___________). Such amount shall be payable in full (as agreed) upon execution of this agreement.
The ownership interest hereby subscribed for is intended to confer the right to purchase consumer goods at owner prices and to participate in the governance of the Cooperative in accordance with its bylaws to be approved at a meeting of owners. The shares to be acquired hereby will entitle the holder to no dividends or other monetary return on 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. The capital funds remitted hereby are intended to be used for initial capital, start-up expenditures, future improvements, and other capital needs for the proposed store. All such capital funds are subject to the risks inherent in any start-up enterprise of this character and may result in the loss of part or all of such funds. Persons who cannot afford to incur such losses should not subscribe to purchase shares.
Once you have finished paying for your shares, there are NO ANNUAL FEES, and the purchase prices for your shares is refundable if you leave the co-op, subject to the terms of our bylaws. Please contact us if none of these options work for you. We want everyone to feel welcome at Screw City Food Co-op.