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September 07, 1978 - Image 50

Resource type:
Text
Publication:
The Michigan Daily, 1978-09-07

Disclaimer: Computer generated plain text may have errors. Read more about this.

Page 50-Thursday, September 7, 1978-The Michigan Daily

I

ALLA
00 Non-Profit Boc

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ikstore

responsive to

OUR needs!

The University Cellar is a Non-Profit Corporation established and run to serve the
University of Michigan Community (with emphasis on the Student needs) by providing
goods and services when it became apparent that the private market was not adequately
fulfilling the need of the University Community at a reasonable price.

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In 1969 the students of the University
of Michigan were faced with a textbook
market composed of several privately
owned firms. The Students felt their
needs were not being met by this
market, so they fought for and won the
right to establish a Student Controlled
Bookstore. The Regents approved the
creation of the Cellar, providing capital
could be raised. To accomplish this, a
referendum of the Student Body was
held to establish a $5.00 rolling assess-
ment. The Student Body was so com-
mitted to the idea of a Student Owned
Bookstore that the election generated
a turnout of 10,000 Students (a record)

who voted 10 tp 1 to assess them-
selves. This assessment was discon-
tinued in 1974, due to the success of
the store.
Since that time, the University
Cellar has grown and improved. The
textbook rush was moved to the second
floor, into the Michigan Union Ballroom
in 1972 to reduce the tremendous
crowding problems which had been
experienced up until that time (if you
think it's bad now-you should have
seen it then!). In 1974 the Cellar opened
its branch in the North Campus Com-
mons to better serve the students of
the Art, Architecture, Music and Engi-
neering Schools there.

The University Cellar is a Bookstore at the U of M
under the direct control of a Student-Faculty-
Administrator Board of Directors. The Board is
composed of 6 Students appointed by the Mich-
igan Student Assembly; 3 Faculty appointed by the
Faculty Senate Assembly and 1 Administrator
appointed by the President of the University.
Through this Board of Directors, the Cellar seeks
to be responsive to the needs and desires of the
entire University Community.
The Cellar is incorporated as a Michigan Non-
Profic corporation and is governed by both State
and Federal regulations on non-profit organiza-
tions. Any funds earned by the corporation are
retained for operating capital.

Any Student of the University may be
appointed to the Board of Directors. In order to
insure that the Board is representative of a spec-
trum of the Student Community, the bylaws provide
that no more than two members can be from any
one school or college and that at least two mem-
bers must be Undergraduates and two members
must be Graduate Students.

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