Approved Code No. 376-Amendment No. 1 Registry No. 1335-06 

NATIONAL RECOVERY ADMINISTRATION 

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AMENDMENT TO 

CODE OF FAIR COMPETITION 

FOR THE 

AIR VALVE INDUSTRY 

AS APPROVED ON FEBRUARY 19, 1935 

WE DO OUR PARf 

UNITED STATES 

GOVERNMENT PRINTING OFFICE 

WASHINGTON: 1935 

I I 

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Approved Code No. 376-Amendment No. 1 

AMENDMENT TO CODE OF FAIR COI\1PETITION 

FOR THE 

AIR VALVE INDUSTRY 

As Approved on February 19, 1935 

ORDER 

ArrROYIXG AMENDMENT oF ConE oF FAIR CoMPETITION FOH THE Am 

VALVE r~ou TRY 

An application having been duly made pursuant to and in :full 

compliance with the provisions of Title I of th National Indu. trial 

Recovery Act approved June 16, 1933, :for approval of an amendment to the Code o:f Fair Competition for the Air Valve Industry, 

an l opportunity to be heard having been noticed to all interested 

parties, and the annexecl report on said amendment, conta ining fin ling with re ·pect thereto, having been made and directed to the 

President· 

NO\Y, THEREFORE, on behalf of the Pre ·ident of the United 

States, the National Industrial Recovery Board, pursuant to authority ve ted in it by Executi' e Order · of the Pre. ·ident. including 

Executive Order No. 6850 elated September 27, 1934, and otherwi e, doe. · hereby incorporate, by reference, said annexed report an l 

doe find that ·aiel amendment and the Code as con ti tuted after 

being amended comply in all re pects \Yith the pertinent provi ·ion 

an l will promote the policy and purpo ·es of said Title of said Act, 

and doe · hereby order that said amendment be and it i. · hereby 

approved, and that the previous approYal of . ·aid CoLle is hereby 

amended to include an approval of said Code in its entiretv a · 

amended, provide l however that Subsection · (h) and (i) of Section 

5, Article VI be deleted and the Sub ·ections immediately following be relettered to read (h) and ( i) re pecti \Tely, . u h a pproya l 

and such amendment to take effec;t twenty (20) days from the date 

hereof unle o·ood cau e to the contrary i · shown to the National 

Indu trial RecoYery Board before that ·time and the National Indu trial RecoYery Board is ues a . ·ub equent order to that effect. 

N .ATION AL INou TRIAL REcovERY BoARD 

By \V. A. HARRIMAX Adm_{ni ·tJ'ati v Officer. 

ApproYal recommenl c1: 

BARTON ,V, MURRAY, 

Divi ion Admin.1·,·t'i·ato·r. 

'VA. HIN TON D. ·. 

F br'1.tary 19, 1935. 

116 17 °----1G03- 1G----35 (1) 
REPORT TO THE PRESIDENT 

The PRE IDENT, 

T lw 1fl hite House. 

Sm: This is a r eport on the amendm-ent to the Code of Fair Competition for the Air Valve Industry, a submitted by the Code 

Authority of aid Indu ~ry. An opportunity to be heard from 

December 7 1934 to December 21, 1934 was duly noticed, in accordance with Article X , Sect· on 3 of said Code as approved March 

31 1934. 

The amendment provide for mandatory contribu ion on an 

equitable basis by all members of the Indu try. 

FLNDINGS 

The As istant D puty A dministrator in his final report to the 

National Indu trial Recovery Board on said amendment to said 

Code having found a herein set forth, and on the ba i of all the 

proceedings in this matter; 

It is found that: 

(a) The amendment to said Code and the Code as amended are 

well designed to promote the policies and purpo. es of Title I o:f the 

National Indu trial Re ov-ery Act, including the removal of obstructions to the fr e flow of inter tate and foreiQ'll c mmerce which 

tend to dimini h the amount ther of, and will provide for the general welfare by promoting tho organization of indu try for the purpo e of coop-erative action among trade groups, by inducing and 

1naintaining united action of labor and management under adequate 

governmental sanction and sup rvision, by eliminating uufair competitive practice , by avoiding undue r e tri tion of production ( xcept a'· may be temporarily r quired), bv incr easing the consumption of indu trial and agricultural product throuo·h increasing purcha ·ing power, by reducing and relieving unemploym€nt, by improving tan lards of labor, and by otherwi e rehabilitating indu try. 

(b) The Col as amended c mplies in all respe ts with the p rtinent provi ions of said Title of said Act, including without limitation Sub e tion (a) of Section 3 Subsection (a) of So"tion 7, and 

Sub ction (b) of Section 10 ther eof. 

(c) The Code empower the ode Authority t o pre ~ent the aforesaid amendment on behal£ of the Industry a. a •shole. 

(d) Th an endment and the Cod-e as am ndetl are not desio·ned 

t o and will not p rmit monop lies or monopolistic practice . 

(e) The amendment and the ode a amended are not le ign d 

t o and will net eliminate or or pr ·s small ent rprises and will not 

operat to li. riminatc aga in t them. 

(: ... ) 
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(f) Tho. e no·aged in other tep of th con mi prQc have 

not b en lepriv d of the right to be hear l prior to approval of said 

am n lment. 

For th · r a on thi amendment has been approved. 

F r th National Industrial R overy Board: 

J1'ERll ARY 19, 1935. 

w. A. HARRIMAN, 

Administrative Officer. 
AJ\1ENDMENT TO CODE OF FAIR COMPETITION FOR 

THE AIR VALVE INDUt')TRY 

PunrosE 

Pursuant to Article X, Section 3, of the Code of Fair Competiti n for the Air Valve Indu try duly approved by the Administrator 

on J\1arch 31, 1934, and further to effectuate Title I of the National 

Indu. trial Recovery Act 1 the following amendment i e tablished as 

a. part of aid Code of Fair Competition and hall be binding upon 

every member of the Air Valve Indu try. 

AnncLE VI-OHGANIZATION 

Amend Article VI by deleting Section 9 and substituting in lieu 

thereof section to read as follow : 

SEcTION 9. (a ) It being found nece · ary in order to support the 

administration of thi Code and to maintain the standards of fair 

competition esta bli ·heel hereunder and to effectuate the policy of the 

Act. the Code Authority is authorized: 

( 1) to incur such reasonable obligations as are nee e. sary and 

proper for the foreo-oing purposes and to meet such obligations out 

of f unds which may be raised as hereinafter provided and which 

~ha ll be held in tn1. t for the purpose of the Code. 

(2) To submit to the National Industrial Recovery Board for it 

approval, subj ect to such notice and opportunity to be heard as it 

may cleem necessary, (1) an itemized budget of its estimated expenses .for the foregoing purposes, and (2) an equitable basi upon 

whi ch the funds necessary to support uch budget shall be contributed by member.· of the Industry. (:3) After such budget and ba. is of contribution have been approved by the National Imlu. trial Recovery Board, to determine 

and obtain eqnitable contribution as above et forth by all member 

of the Inclu try, and to that en l, if nece. ary, to in titute legal 

proceeding.· therefor in it own name. 

(b ) Each member of the Indu. try shall pay hi or its eqnitable 

contribution to the expen ·e.· of the maintenance of the Code Author-

)ty, d termined a. hereinabove provided and ubject to rules and 

regulations pertaining thereto i sued by the National Indu trial 

Recovery Boar i. Only member. of the Industry complying with 

the Code and contributing to the expenses of its admini tration as 

hereinabove pro\icled, nnle duly exemptad from making such contribution, shall be entitled to participate in th selection of members 

of the Code Authority or t o r eceiYe the benefits of any of its voluntary activities or to make use of any emblem or in ignia of the 

National RecoYery Admini tration. 

(4) 

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(c) Th Code Auth rity . hall neither in ur nor pay any obli O'Ution ub tantially in xt:e · of th amount th reo£ a e timated in its 

a11 roYe l bu lget, an l hall in no event exceed the total amount 

contain l in the appr v l budget, except upon approval of the 

NG ti nal Inclu trial Re oYery Boar l; and no ub equent budget shall 

contain any deil.c:ien y item for xpenditures in excess of prior 

bndg t stinwte , exc pt tho whi h the National Industrial Recovery B ar l hall haYe o approved. 

Appr v c1 oue No. 376-Am ndmcnt No. 1. 

R ·i try No. 1335-06. 

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