Approved Code No. 347-Supplement No. 27 Registry No. 1399-68 

NATIONAL RECOVERY ADMINISTRATION 

SUPPLEMENTARY 

CODE OF FAIR COMPETITION 

FOR THE 

MECHANICAL PRESS 

MANUFACTURING INDUSTRY 

(A Division of the Machinery and Allied Products Industry) 

AS APPROVED ON JULY 9, 1934 

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UNITED STATES 

GOVERNMENT PRINTING OFFICE 

WASHINGTON: 1934 

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Approved Code No. 347-Supplement No. 27 

SUPPLEMENTARY CODE OF FAIR COMPETITION 

FOR THE 

MECHANICAL PRESS MANUFACTURING 

INDUSTRY 

As Approved on July 9, 1934 

ORDER 

APPROVING SuPPLEMENTARY CoDE OF FAIR CoMPETITION FOR THE 

MECHANICAL PRESS MANUFACTURING INDUSTRY 

A DIVISION OF THE MACHINERY AND ALLIED PRODUCTS INDUSTRY 

An application having been duly made pursuant to and in :fu~l 

compliance with the provisions of Title I of the National Industrial 

Recovery Act, approved June 16, 1933, for approval of a Supplemental Code of Fair Competition for the Mechanical Press Manufacturing Subdivision o:f Machinery .and Allied Products Industry, 

and a hearing having been duly held thereon and the annexed report 

on said Supplemental Code containing findings with respect 

thereto, having been made and directed to the President: 

NOW, THEREFORE, on behalf of the President of the United 

States, I, Hugh S. Johnson, Administrator for Industrial Recovery, 

pursuant to authority vested in me by Executive Orders of the 

President, including Executive Order No. 6543-A, dated December 

30, 1933, and otherwis~; do hereby incorporate by reference said 

annexed report and do find that said Supplemental Code complies 

in all respects with the pertinent provisions and will promote the 

policy and purposes of said Title of said Act; and do hereby order 

that said Supplemental Code of Fair Competition be and it is 

her by approved subject to the condition tlrat the provisions of 

Article VIII, insofar as they prescribe a waiting period between 

the filing with the Code Authority ( or such agency as may be 

designated in the Supplemental Code) and the effective date o:f 

price lists, as originally filed and/ or revised price lists or revised 

terms and conditions of sale, be and they hereby are stayed pending 

my further order. 

HUGH S. JOHNSON, 

Aclminisfrator for Industrial Recovery. 

Approval recommended : 

BARTON w. ~1URRAY, 

Division Ad11ii11.istrator. 

w ASHINGTON, D.C., 

July 9, 1934. 

72644°-829-35-34 (1) 
REPORT TO THE PRESIDENT 

The PRESIDENT, 

The White House. 

Srn: This is a report on the Supplemental Code of Fair Competition :for the Mechanical Press Manufacturing Subdivision o:f the 

Machinery and Allied Products Industry, public hearing having 

been conducted thereon in Washington, D.C., May 10, 1934, in 

accordance with the provisions o:f Title I of the National Industrial 

Recovery Act. Every person who filed a request for an appearance 

was freely heard in public and all statutory and regulatory requirements were complied with. 

GENERAL STATEMENT 

The Mechanical Press Builders' Association, being truly representative of this Subdivision o:f the Machinery and Allied Products 

Industry, has elected to avail itself of the option of submitting a 

Supplemental Code of Fair Competition, as provided in Article 

I of th~ Basic Code for the Machinery and Allied Products Industry 

approved by you on the seventeenth day of March 1934. 

This Subdivision represents a part o:f the capital goods industry,-

manufacturing and selling mechanically :power-driven presses with 

reciprocating slide or slides, and machinery ( except machinery 

within the scope of another code) used for the purpose of shea~ing, 

blanking, punching, stamping1 embossing, forming and drawing 

metal, hot or cold, and accessories, attachments, and parts thereof. 

ECONOMIO EFFECT 

It is estimated that this Subdivision in 1929 employed a:pproximately 5,800 persons. This estimate is based on data contamed in 

the National Recovery Administration questionnaires returned by 

16 members of the Subdivision. ~ 

According to a summary of the questionnaire returns by 16 member.s o:f the Subdivision, factory employment in the second quarter of 

1933 declined 89.2 per cent from 1929. An increase in employment 

of 106.4 per cent was noted from June 1933 to November 1933. Employment in November 1933 was 63.8 per cent below the 1929 level. 

Annual sales o:f the Subdivision, based on estimates furnished in 

the code application by the Mechanical Press Builders' Association 

declined from $25,370,000 in 1929 to $2,461,000 in 1932, or 90.3 per 

cent, and increased thereafter to $3,008,000 in 1933, or 24.7 per cent 

over the previous year. 

Approximately 54.3 per cent of the workers were employed more 

than 40 hours per week during a representative week of June, 1933. 

The average work-week declined from 54.9 hours in June 1929 to 

29.0 hours in June, 1933, then increased to 87.7 hours in November 

1933. 

Man-hours per week for a representative sample of the Subdivision 

declined 90.6 percent from June, 1929 to June, 1933 and in November, 

1933 showed an increase of more than 150 per cent over June, 1933. 

(2) 
3 

Man-hour requirements for November, 1933 were 74.8 per cent below 

the level of 1929. Due to the fact that the Subdivision in November 

1933 was operating on an average of 37.7 hours per week, little increase in employment may be expected as a result of the adoption 

of a 40-hour week. 

Approximately 10.9 per cent of the factory workers employed in 

June, 1933 were receiving less than 40 cents per hour; 9.5 per cent 

were receiving less than 38 cents per hour; 8.1 per cent were receiving 

less than 36 cents per hour, and 4.0 per cent were receiving less than 

32 cents per hour. Based on the distribution of hourly rates for 

June, 1933, the adoption of the minimum wage rates provided by the 

code will effect a concomitant increase in total payrolls of approximately one per cent, assuming upward adjustment in the brackets below below the 40-cent minimum only and no change in man-hour 

requirements. 

RESUME OF THE SUPPLEMENTAL CODE 

Article I states the purpose of the Supplemental Code. 

Article II accurately defines specific terms employed in this Supplemental Code. 

Article III: The labor provisiom1 of the Basic Code for the 

Machinery and Allied Products Industry, as approved :March 17, 

1934, are incorporated by reference as the labor provisions of this 

Supplemental Code. 

Article IV adopts the relevant portions of Article II "Definitions ", 

Article VI " Administration ", and Article VIII, " Modifications and 

Termination ", of the Basic Code for the Machinery and Allied 

Products Industry, as approved March 17, 1934. 

Article V establishes a code authority consisting of not less than 

six (6) nor more than nine · (9) members, two of whom may be 

elected by vote of employers who are not members of the Applicant 

Association. The Administrator may, in his discretion, appoint one 

additional member, without vote and without expense to the Subdivision. Together with the applicable provisions of the Basic Code, 

mechanism is provided for the administration of this Supplemental 

Code. 

Article VI provides for an accounting system and methods of 

cost finding and/ or estimating. 

Article VII provides that during an en1ergency, the lowest reasonable cost of products of the Subdivision may be determined, and 

that during said emergency, it shall be an unfair trade practice to 

sell at less than the determined reasonable cost. 

Article VIII provides for methods of setting up, revising and 

filing price lists and discount sheets and terms of sale and payment. 

Article IX sets forth the trade practices which have b 0 en especially 

designed to offset unfair competition in this Subdivision. 

Article X stipulates that no provision of this Supplemental Code 

relating to price or terms of selling, shipping or marketing, shall 

apply to export trade or sales or shipments for export trade. 

" Export trade " shall be as defined in the Export Trade Act adopted 

April 10, 1918. 

Article XI contains the mandatory provisions contained in Section 

10 (b) of the Act, and also provides for the submission of proposed 

amendments to the Supplem~ntal Code. 
4 

Article XII provides £or the withdrawal of this Subdivision from 

the jurisdiction of the Basic Code Authority and for the continued 

functioning of this Subdivision as an individual industry under its 

own Code. 

Article XIII stipulates that there shall be no inequitable restrictions and provides against monopolies. 

Article XIV gives the effective date of this Supplemental Code. 

FINDINGS 

The Deputy Administrator in his final report to me on said Supplemental Code, having found as herein set forth and on the basis 

of all the proceedings in this matter: 

I find that: 

(a) Said SupplementaJ Code is well designed to promote the policies and purposes of Title I of the National Industrial Recovery 

Act, including removal of obstructions to the :free flow of inter ta.te 

and foreign commerce- which tend to diminish the amount thereof, 

and will provide £or the general welfare by promotin~ the organization of industry :for the purpose o:£ cooperative act10n among the 

trade groups, by inducing and maintaining united action of labor 

and management under adequate governmental sanctions and supervision, by eliminating unfair competitive practices, by promoting the 

fullest possible utilization of the present productive capacity of 

industries, by avoiding undue restriction of production ( except as 

may be temporarily required), by increasing the consumption o:f 

industrial and agricultural products through increasing purchasing 

power, by reducing and relieving unemployment, by improving 

standards of labor, and by otherwise rehabilitating industry. 

(b) Said Subdivision normally employs n(?t more than 50,000 

employees; and is not classified by me as a major industry. 

( c) The Supplemental Code as approved complies in all respects 

with the pertinent provisions of said Title of said Act, including 

without limitation Subsection (a) of Section 3, Subsection (a) o:f 

Section 7, and Subsection (b) of Section 10 thereof; and that the 

applicant association is an industrial association, truly representative of the aforesaid Subdivision; and that said association impo es 

no inequitable restrictions on admission to membership therein. 

( d) The Supplemental Code is not designed to and will not permit monopolies or monopolistic practices. 

(e) The Supplemental Code is not designed to and will not eliminate or oppress small enterprises and will not operate to discriminate against them. 

(f) Those engaged in other steps o:f the economic process have 

not been deprived of the right to be heard prior to approval o:f 

said Supplemental Code. 

For these reasons, therefore, I have approved this Supplemental 

Code, on the condition that the provisions of Article VIII be stayed, 

as stated in the Order. 

Riespect:fully, 

JULY 9, 1934. 

HUGH s. JOHNSON, 

Administrat01'. 
SUPPLEMENTARY CODE OF F AIR COMPETITION FOR 

THE MECHANICAL PRESS MANUFACTURING INDUSTRY 

A DIVISION OF THE l\I.ACHINERY AND ALLIED PRODUCTS INDUSTRY 

ARTICLE I-Pmu>osEs 

To effectuate the policy of Title I of the National Industrial Recovery Act, the fallowing provi~ions are established as a SuJ?plemental Code for the Mechanical Press Manufacturing Subdivision 

of the Machinery and Allied Products Industry, and together with 

the Code of Fair Competition o:f .Machinery and Allied Products 

Industry, shall be the standard of :fair competition for this Subdivision, and shall be binding on every employer therein. 

ARTICLE II-DEFI N I TIONS 

"Applicant" means the Mechanical Press Builders' Association, 

a trade organization, all members of which are engaged in the manufacture for sale of the products of the Mechanical Press Manufacturing Subdivision of the Machinery and Allied P roducts Industry. 

"Industry" means the Machinery and Allied Products Industry, 

as deiined in its Code of Fair Competition, as approved by the President, and as such definition may from time to time be amended. 

"Subdivision " means the Mechanical Press Manufacturing Subdivision of the Machinery and Allied Products I ndustry as defined 

and se-t forth in paragraph 44, Article II, of the Code of Fair 

Competition of the l\,fachinery and Allied Products I ndustry as 

amended as follows : 

"Mechanical Press Manufacturing Subdivision means the manufacture for sale of mechanically power-driven presses with reciprocating slide or slides, and machinery ( except machinery within the 

scope of another code) used for the purpose of shearing, blanking, 

punching, stamping, embossing, forming, and drawing metal, hot 

or cold, and accessories, attachments, and parts thereof produced 

by the manufacturers of the completed products of the Subdivi ion." 

"Code" means the Code of Fair Competition of the Machinery 

and Allied Products I ndustry as approved by the President, March 

17 H)34, and as from time to time amended. 

Z, Person " means a natural person, a partnership, a corporation, 

an association, a trust, a trustee, a trustee in bankruptcy, a receiver, or other entity. 

"Employer" means any person engaged in this Subdivision 

either on his own behalf or as an employer of labor. 

"Employee" means anyone- who is employed in the Subdivision 

by any such employer. 

(5) 
6 

" The Act " means Title I 0£ the National Industrial Recovery 

Act. 

" The President " means the President 0£ the United States. 

" The Administrator" means the Administrator for Industrial 

Recovery. 

" Basic Code Authority " means the Code Authority for the Machinery and Allied Products Industry as constituted by the Code. 

"Code Authority" means the Code Authority constituted for 

this Subdivision as provided by the Code and by this Supplemental 

Code. 

"Group Code Authority" means the Code Authority for any 

group or product classification within this Subdivision. 

" Publish " means to make available to the public. 

ARTICLE III-EMPLOYMENT PROVISIONS 

The following Articles of the Code, viz : Article III, " Working 

Hours "; Article IV, " Wages "; and Article V, " General Labor Provisions", are hereby made a part of this Supplemental Code, with 

the same effect as if they were written into this Supplemental Code. 

ARTICLE IV-AooPTION OF OTHER PROVISIONS OF CODE 

The following Articles of the Code, viz : Article II, " Definitions ", 

Article VI, "Administration", to the extent that they shall be applicable to this Supplemental Code as such or as it may hereafter be 

administered as an autonomous Code; and Article VIII, " Modifications and Termination ", are hereby made a part of this Supplemental Code, with the same effect as if they were written into this 

Supplemental Code. 

ARTICLE V-ADMINISTRATION 

(a) A Code Authority for this Subdivision is hereby constituted 

to administer and supervise, and to facilitate the enforcement of the 

Code, and of this Supplemental' Code in the manner and to the 

extent provided in the Code and in this Supplemental Code. 

(b) During a period not to exceed sixty ( 60) days following the 

effective date and pending the election of the permanent Code 

Authority, the executive committee of the Applicant shall constitute 

a temporary Code Authority. The Administrator, in his discretion, 

may appoint one additional member (without vote and without 

expense to the Subdivision). 

( c) The Applicant shall, by at least ten (10) days' notice sent by 

registered mail to all employers whose names the Applicant has 

ascertained after reasonably diligent search, call a meeting of employers to be held within sixty (60) days after the effective date 

for the purpose of adopting procedural rules and regulations for the 

election, organization, and operation of the permanent Code Authority, and electing a permanent Code Authority which shall consist 

of not less than six (6) nor more than nine (9) representatives of 

employers entitled to participate as provided in Section (d) of this 

Article V, two (2) of whom may be elected by a vote of the employers 
7 

not members of Applicant. The Administrator in his discretion 

may appoint one additional member ( without vote and without 

expense to the Subdivision). The permanent Code Authority so 

elected and appointed shall succeed the temporary Code Authority. 

Any vacancy on the Code Authority due to death, resignation or 

because a member thereof has ceased to be connected with the Subdivision shall be filled at a meeting of employers called by the Code 

Authority on at least t..en days' notice sent by registered mail to 

all employers in this Subdivision, and by a vote similar to the vote 

by which the retired member was originally selected. 

( d) Any employer shall be entitled to vote at the election of the 

permanent Code Authority and at other meetings of employers 

and share in the benefits of the activities of Code Authority and 

· may participate in any endeavors of Code Authority in the preparation of any amendments or revisions of, or a<lditions or supplements 

to, this Supplemental Code by paying or agreeing to pay, as and 

when assessed, his proper pro rata share of the reasonable cost of 

administering this Supplemental Code as determined by Code 

Authority, and approved by the Administrator. 

( e) Action by employers in any Subdivision meeting for the election of Code Authority as provided in Subsection ( c) of this Article. 

V, shall be by vote of the employers entitled to vote as provided in 

Section ( d) of this Article V, and who are present in person or by 

proxy, each such employer to have one vote only. Action by em~ 

ployers in any Subdivision meeting for the adoption of procedural 

rules, revisions, or additions to the Supplemental Code, or the transaction of other business of the Subdivision under this Supplemental Code, shall be by vote of the employers in the Subdivision 

who are entitled to vote thereat as provided in Section ( d), Article 

V of the Supplemental Code and are present in person or by proxy 

duly executed and filed with Code Authority; cast and computed 

in the manner provided in Section ( d) , Article VI of the Code. All 

questions as to the number of votes which each employer shall be 

entitled to cast at any meeting of employers other than the meeting 

held to vote for the election of the permanent Code Authority shall 

be determined by Code Authority in accordance with Section ( d), 

Article VI of the Code. 

(f) Employers in this Subdivision having a common interest and 

common problems may be grouped by Code Authority for administrative purposes. There may, be a Group Code Authority approved 

or appointed by Code Authority for each such Group. 

(g) If formal complaint is made to Code Authority that provisions of this Supplemental Code have been violated by any employer, Code Authority, or the proper Group Code Authority may, 

to the extent permitted by the Act, cause such investigation or audit 

to be made as may be deemed necessary. If such investigation is 

made by Group Code Authority, it shall report the result of such 

investigation or audit to the Code Authority for action. 

(h) The Code Authority may appoint a Trade Practice Committee which shall moot with the Trade Practice Committees appointed under such other Codes as may be related to the Subdivision 

for the purpose of formulating fair trade practices to govern the 

relationships between production and distribution employers under 
8 

this upplemental Code and under such others to the extent that 

such fair trade practices may be propo eel to the Administrator as 

amendment to thi Supplemental Code and such other codes. 

ARTICLE Vl-AccouNTING AND CosTING 

' The Code Authority shall cause to be formulated an accounting 

sy tem and methods of cost finding and/or estimating capable of 

use by all employers of the Subdivision. After such system and 

methods have been formulated, full detail concerning them shall 

be made available to all employers. Thereafter, all employers shall 

determine and/or estimate costs in accordance with the principles of 

such methods. 

ARTICLE VII-SELLING BELOW REASONABLE CosT 

· When the Code Authority determines that an emergency exists 

in this Subdivision and that the cause thereof is destructive pricecutting such as to render ineffective or seriously endanger the maintenance of the provisions of this Supplemental Code, the Code 

Authority may cause to be determined the lowest reasonable cost of 

the products of this Subdivision, such determination to be subject 

to such notice and hearini as the Administrator may require. The 

Administrator may approve, disapprove, or modify the determination. Thereafter, during the period of the emergency, it shall be 

an unfair trade practice for any employer of the Subdivision to sell 

or offer to sell any products of the Subdivision for which the lowest 

r easonable cost has been determined, at such prices or upon such 

term or conditions of sale that the buyer will pay less therefor than 

the lowest rea onable cost of such products. ,vhen it appears that conditions have changed, the Code Authority, upon it own initiative or upon the reque t of any interested 

party, hall cause the determination to be reviewed. 

ARTICLE \ III-PRICE LISTS l 

(a) Each employer shall establish his own prices for his standard 

product , accessories, and/ or attachments, which he manufactures 

or intends to manufacture. Such price hall be filed with Code 

Authority who shall immediately publi h and send copie thereof 

to all known employers who are cooperating under this Supplemental Code, as described in Article V ( d), and such prices shall 

then be the li t or published prices to be quoted to all customer . 

The e li t prices shall remain in effect and no deviation may be made 

from them until changes are made as provided in the followii.1g 

paragraph (b) of this Article VIII. 

(b) In order to effect chang in list or published prices, at least 

t n (10) clay before new prices are intended to become effective, 

the mployer hall file a notice of chano-e including a schedule of 

new price with Code Authority who shall immediately publi h and 

encl copie thereof to all known employers within the Sub livision 

,vho ar cooperating under th1s upplemental Code, as described in 

1 SPe paragraph 2 of ordet· approving this Code. 
9 

Article V { d), and who are engaged in the manufacture of such 

specified products. During the above-mentioned ten {10) days 

period, any employer shall have the privilege of establishing and 

publishing, through Code Authority, new prices to become effective 

on the same date. 

(c) No change shall be made by any employer in the Subdivision 

in prices quoted on special presses not included in the above-mentioned list or published prices until after ten (10) days' notice has 

been filed with Code Authority, who shall immediately notify all 

known employers within the Subdivision who are engaged in the 

manufacture of such specified products and such employers may 

revise their own quotations to become effective on the effective date 

of the first changed quotations. 

( d) All quotations for domestic destination shall be made f.o.b. 

cars at point of manufacture, or if delivered price is quoted, actual 

transportation costs shall be quoted as a separate item. 

ARTICLE IX-TRADE PRACTICES 

Each of the following acts or practices is deemed to be inimical 

to the best interests of the Subdivision and of the public, and each 

is, therefore, hereby declared to be and to constitute an unfair 

method of competition and is prohibited; viz: 

{a) False Marking or Branding.-The false marking or branding 

of any product of the Subdivision which aas the tendency to mislead or deceive customers or prospective customers, whether as to 

the grade, quality, quantity, substance, character, nature, origin, size, 

finish, or preparation of any product of the Subdivision or otherwise. 

(b) Misrepresentation or False or Misleading Advertising.-The 

making or causing or knowingly permitting to be made or published 

any false, materially inaccurate, or deceptive statement by way of 

advertisement or otherwise, whether concerning the grade, quality, 

quantity, substance, character, nature, origin, size, finish or preparation of any product o:f the Subdivision, or the credit terms, values, 

policies, or services of any employer of the Subdivision, or otherwise, having the tendency or capacity to mislead or deceive customers or prospective customers. 

(c) Oommercial Bribery.-The payment, or promise to pay, to 

any agent, fiduciary, or representative, of money or valuable thing, 

with or without the knowledge of his principal, for the purpose of 

influencing any sale to his principal. This provision shall not be 

construed to prohibit free and general distribution of articles commonly used for advertising, except so far as such articles are actually 

used for commercial bribery as hereinabove defined. 

( d) Interference with Oontractual Relations.-Maliciously inducing or attempting to induce the breach of an existing contract between a competitor and his customer or source of supply, or interfering with or obstructing the performance of any such contractual 

duties or services. 

( e) Secret R ebates.-The secretly offering or making of any payment or allowance of a rebate, refund, commission, credit, unearned 

discount or excess allowance, whether in the form of money or 

otherwise, or the secretly offering or extending to any customer 
10 

of any special service or privilege not extended to all customers 

of the same class, for the purpose of influencing a sale. 

(f) Giving of Prizes, Pre1ni11,1ns, or Gifts.-The offering or giving of prizes, premiums, or gifts in connection with the sale of 

products, or as an inducement thereto, by any scheme which involve~ 

misrepresentation or fraud. 

(g) Def amation.-The defamation of competitors by falsely imputing to them dishonorable conduct, inability to perform contracts, 

questionable credit standing, or by other false representations or 

by the false disparagement of the grade or quality of their goods. 

(h) Threats of Litigation.-The publishing or circulating of 

threats or suits for infringement of patents or trade-marks or of 

any other legal proceedings not in good faith, with the tendency or 

effect of harassing competitors or of intimidating their customers. 

(i) Destrwctive Price-Outting.-The engaging in destructive 

price-cutting by any employer in the Subdivision. 

(j) Other Unfair Practices.-N.othing in this Supplemental Code 

shall limit the effect of any adjudication by the courts or holding by 

the Federal Trade Commission on complaint, finding, and order, 

that any practice or method not outlined above is unfair. 

ARTICLE X-SALES FOil EXPORT 

No provision of this Supplemental Code relating to price or terms 

of selling, shipping or marketing~ shall apply to export trade or 

sales or shipments for export trade. "Export Trade" shall be as 

defined in the Export Trade Act adopted April 10, 1918. 

ARTICLE XI-MooIFIO.A TIO NS 

(a) As provided by Section 10 (b) of the Act, the President may 

from time to time cancel or modify any order, approval, license, 

rule or regulation issued under Title I of the Act. 

(b) Any amendments, additions, revisions, or supplements of this 

Supplemental Code, proposed by Code Authority, and authorized 

by the affirmative vote of two-thirds or more of the employers shall 

be in full force and effect upon approval by the President. The 

eligibility requirements, method, and effect of such voting shall be 

the same as provided by Article V hereof. 

ARTICLE XII-W ITHDR.A w .AL 

Upon thirty days' notice t o the Basic Code Authority and to the 

Administrator, this Subdivision may, upon the concurring affirmative vote of employers within the said Subdivision entitled to ca t 

two-thirds or more of all the votes that might be cast by all employers 

within the Subdivision entitled to vote thereon, withdraw from the 

juri diction of the Basic Code Authority. The eligibility of voters 

a,n l the method and effect of uch voting shall be in accordan e with 

the provi ions of Article V hereof. After and in the event such 

withdrawal i accompli heel this upplemental Code, together with 

the provi ion of the Code, shall become and be the sole code governing this Subdivision, and the Code Authority shall, for this Sub-
11 

division, become and be the sole Code Authority and shall perform 

all the functions with respect thereto. 

ARTICLE XIII-MONOPOLIES 

Applicant imposes and shall impose no inequitable restrictions on 

membership therein. The Supplemental Code presented by it is not 

designed to promote monopoly, and shall not be so construed or 

applied as to oppress or eliminate small enterprises or discriminate 

against them, and is designed to effectuate the policy of the Act. 

ARTICLE XIV-EFFECTIVE DA TE 

This Supplemental Code shall become effective and binding on 

all persons engaged in the Subdivision on the eleventh day after 

its approval. 

Approved Code No. 347-Supplement No. 27. 

Registry No. 1399-68. 

0 
UNIVERSITY OF FLORIDA 

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