Approved Code No. 367 Registry No. 1118-25 

NATIONAL RECOVERY ADMINISTRATION 

CODE OF FAIR COMPETITION 

FOR THE 

METAL TREATING INDU.STRY 

AS APPROVED ON MARCH 26, 1934 

A f 

U.S. DE 

WE ·oo OUR PART 

1'\ ___ ,.... 

UNITED STATES 

GOVERNMENT PRINTING OFFICE 

WASHINGTON: 1934 

( l 

I { l I 

For s:tle by the Superintendent of Documents, \Vashington, D.C. - - - - - - - - Price 5 cents 

y 
This publication i for sale by the Superintendent of Documents, Government 

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Approved Code No. 367 

CODE OF FAIR COMPETITION 

FOR THE 

METAL TREATING I:r-.JDUSTRY 

As Approved on March 26, 1934 

ORDER 

APPROVING ConE OF F AIR Col\fPETITION Fon THE JVIETAL TnEATING 

INDDSTRY 

An application having been duly made pursuant to and in full 

compliance with the provisions of Tit.le I of the National Industrial 

Recovery Act, approved J nne 16, 1933, for approval of a Code of 

Fair Competition for the Metal Treating Industry, and hearings 

having been duly held thereon and the annexed report on said 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 ve ted in me by Executive Orders of the Presi- dent, including Executive Order No. 6543-A, dated December 30, 

1933, and otherwise ; do hereby incorporate by reference said annexed 

report and do find that said Code complies in all re pects with the 

pertinent provisions and will promote the policy and purposes of 

said Title of said Act; and do hereby order that said Code of Fair 

Competition be and is hereby approved; provided, however, that the 

provisions of Article VI, Section 6, insofar as they prescribe a waiting period between the filing with the Code Authority and the 

effective date of revised price lists or revised terms and conditions of 

sale, be and they are hereby stayed pending my further Order either 

within a period of sixty days from the effective date of this Code or 

after the completion of a study of open price associations now being 

conducted by the National Recovery Administration. 

HUGH S. J OHNSO~' 

Administrator for l ndJustrial R ecovery. 

Approval recommended : 

A. R. GLANCY, 

Division Ad1nin istrator. 

W ASHINGTON, D.C., 

March B6, 1.934. 

4D05D 0----425-152----34 (o~9) 
REPORT TO THE PRESIDENT 

The PRESIDEKT 

The lYhite House. 

Srn: Thi · is a report on the Code of Fair Competition for the Metal 

Treating Indu try, as revi eel after a Public Hearing, held in \Va hington on January 18, 1934, in accordance with the provi ions of the 

National Indu trial Recoyery Act. 

PROYISIO:N AS TO HOURS AND \V AGES 

Employees are limited to 40 hours per week and to 6 days in any 

7 except durino· peak period ·, when they may work 48 hours per 

week for 8 11eeks in any 6 months' period, provided that no unem- ployed 11orker pos es ino· the necessary skill are available. Time 

and a half 11ill b paid t<7 employees who work in excess of 8 hours 

per clay or 40 hours per week. 

The minimum wage will be 42¢ per hour for factory employees, and 

$16.00 per week for clerical or office employees. Female employees 

doing sub tantially the same -n·ork are to receive the same pay as male 

employee . 

ECONOMIC EFFECT OF THE CODE 

Under the provisions of thi Code, estimates for 1934, based on 

operations for the first b\o month , show a gain in employment from 

about 600 to about 690 employee or approximately 15 , and an 

increa e in the average weekly payrolls of about 25<fc . The In lustry, comprising approximately 80 firms, ha an inYested 

capital of about $1 300,000 and an average annual sales volume of 

approximately $1,600,000. 

FIXDINGS 

The Deputy Administrator in his final report to me on said Code 

having found as herein set forth, and on the basis of all the proceedings in this matter: 

I find that: 

(a) Said Code is \\ell le igned to promote the polici s and pur- pose of Title I of the National Industrial Recovery Act, including 

removal of ob -tructions to the free flow of interstate and foreign 

commerce which tend to dimini h the amount thereat and will provide for the general welfare by promoting the organization of industry for the purpose of cooperative action among th trade groups, 

by inducing and maintainino· united action of labor andmanao·ement 

un ler adequate o·oyernmental sanctions and upervision by eliminating unfair competitive p-ractices by promoting the fnlle -t pos ible 

utilization of the present prodncti"Ve capacity of industries, by avoid-

(530) 
531 

ing undue restriction of production (except as may be t mporarily 

required) by increa ing the consumption of indu trial and agricultural product· through increasino· purchasing power, by reducing 

and relieving un mployment, by improving tandards of labor, and 

by otherwi e rehabilitating industry. 

(b) Said Inclu try normally employs not more than 50,000 employee ; and is not cla sified by me us a major industry. 

(c) The Code as approved complies in all re pects with the pertinent provisions of sai 1 Title of said Act, including without limitation Sub ection (a) of Section 3, Subsection (a) of Section 7, and 

Subsection (b) of Section 10 thereof; and that the applicant group 

is an industrial as ociation truly representative of the aforesaid Industry; and that said as ociation imposes no inequitable l'e trictions 

on admission to membership therein. 

(d) The Code is not designed to and will not permit monopolies 

or monopoli tic practices. 

(e ) T he Code is not designed t o and will not eliminate or oppress 

small enterprises and will not operate to discriminate against them. 

(f) T hose engaged in other types of the economic process have 

not been deprived of the right to be heard prior to approYal of said 

Code. For t hese reasons, this Code has been approved by me. 

Respectfully, 

M ARCH 26, 9~4. 

-

HuGHS. JoHNsoN, 

A.dmiJnistratm·. 
CODE OF FAIR CO:MPETITION FOR THE :METAL 

TREATING INDUSTRY 

ARTICLE I-PURPO ES 

To effectuate the policies of Title I of the National Industrial 

Recovery Act, the following provisions are established as a Code of 

Fair Competition for the Metal Treating Industry and shall be the 

standard of Fair Competition for such Industry and shall be binding 

on every member thereof. 

ARTICLE II-DEFINITIONS 

1. The term "1\Ietal Treating Industry," or "the Indu try," as 

used herein, means and includes only the performance for sale of the 

processes of he.at treatment of ferrous andjor non-ferrous metals 

and does not include the performance of such processes when in 

combination with other primary or secondary operations nece sary in 

the preparation of metals or metal product for sale or use. 

2. The term "employee," as used herein, includes anyone engaged 

in the industry in any capacity receiving compens.a tion for his services, irrespective of the nature or m€thod of P.ayment of such 

compensation. 

3. The term" employer," as uc;:ed herein, includes anyone by whom 

any such employee is employed or compen ated. 4. The term "member of the industry," as used herein, includes 

anyone engaged in the industry, as aboYe defined, either as an employer or on his own behalf. 

5. The terms "President," "Act," and "Administrator," a used 

herein, hall mean, respectively, the President of the United States, 

Title I of the National Industrial Recovery Act, and the Administrator for Industrial Recovery under said Act. 

6. The term "Institute," as used herein, means Metal Teeating 

Institute, Inc. 

ARTICLE III-HouRs 

1. No employee shall be permitted to work in excess of forty (40) 

hours in any one (1) week, or six (6 ) days in any seven (7); provided, however, that during any period in which a concentrated 

demand upon any division of the industry shall place an unu ual and 

ten1porary burden for metal treating upon its facilities, .an l no 

unemployed workers pos es _ing the neces ary skill to ~r~o.rm said 

metal treating work are available, an employee of such diVISIOn may 

be permitted to work not m_ore tha~ forty-eight ( 48) ours for not 

more than eight (8) weeks 1n .any IX (6) months' penod; and provided further that these limitations . hall not apply to employees on 

emergency maintenance or emero·ency repair work, involving breakdowns or the protection of life or property in the member's own 

plant. (532) 
533 

2. Where in any ca e an employee works in excess of eight ( 8) 

hours per day or forty ( 40) hours per week, such extra time shall 

be compensated for at not less than one and one-half (11/2 ) times 

the hourly rate of such employee. 3. Executives, supervisors, (but not \\Or king foremen) , chemists 

and metallurgists, reaularly paid thirty-five ($35.00) dollars or more 

per week, and outside salesmen shall be exempt from the maximum 

limit of hour established in this Article. Electricians engaged in 

the care and repair of indicating pyr ometer and related control 

equipment shall be permitted to work not more than forty-eight ( 48) 

hours per week, provided that one and one-half (11/2 ) times the 

regular rate shall be paid for all hours worked in excess of forty 

( 40) hours per week or eight (8) hours per day. . 

4. No employer shall knowingly engage any employee for any 

time, which, when totaled with that already performed with another 

employer, or employers, in any industry, exceeds the maximum 

permitted herein. 

5. Clerical or office and shipping and receiving employees may 

be employed forty ( 40) hours per week. 

6. Any employer who regularly does the work of an em.ployee 

5hall be subject to the provisions of this Code as to hours of labor. 

ARTICLE IV-WAGES 

1. No employee shall be paid at less than the rate of forty-two 

( 42¢) cents per hour, except as hereinafter provided. 

2. A pe-rson whose earning capacity is limited because of age, 

physical or mental handicap, or other infirmity, may be employed on 

light work at a wage below the minimum established in this Code, 

if the employer obtains from the State Authority, designated by 

the United States Department of Labor, a certificate authorizing 

such person's employment at such wages and for such hours as shall 

be stated in the certificate. Each employer shall file monthly with 

the Code Authority a list of all such persons employed by him, show5ng wages paid to, and the maximum hours of work for such 

employees. 

3. No clerical or office employee shall be paid less than the rate 

of sixteen ($16.00) dollars per week, excepting office boys and girls, 

who may be paid at a rate not less than eighty (80) percent of the 

minimum wage fixed in this section; provided, however, that no 

employer shall engage at any one time more than one such office 

boy or girl for each twenty (20) office employees in regular classifications, with a maximum limit of twenty (20) office boys or girls in 

large offices, but with any employer entitled to have two. 

4. This Article establishes a minimum rate of pay which shall 

apply irrespective of whether an employee is actually compensated 

on a time rate, piece rate, or other basis. 

5. Female employees performing substantially the same work as 

male employees shall receive the same rate of pay as male employees. 

6. During the first year of apprenticeship the minimum rates of 

pay shall not apply to any apprentice indentured under a system of 

training which will make the apprentice a skilled heat treater, provided that the indenture be made in pursuance of the laws of the 
534 

State in which the company is located. A copy of each indenture 

shall be. filec~ with th Co ie Authority. No employer ~· hall employ 

apprentice 111 a num er to exceed the rate of one (1) apprentice 

to eYery ten (10) journeyman workers employed by him in the particular trade or occupation at the time of the employment of uch 

apprentices. 

7. Equitable adju tments in the rates of pay above th minimum 

shall be made on the effective date of this Code by eYery employer 

who has not made uch adju tments under the National Industrial 

Re ·overy Act. ~Vithin thirty (30) day. after the effective date of 

this Code all such adju tments made under the Act hall be reported 

to the Code Authority and to the Administrator. In no case shall 

rat . be reduced. 

8. Every emrJlo3 cr . hall make payment of all wages due in lawful 

currency or by neaotiable check therefor, payable on demand. Employers agree that wages of employees paid on an hourly ba ·is shall 

be paid at lea t twice a month and . ::~.laries at least once a month. 

Empl yers agree that wages or salaries shall not be withheld. 

'Vage and alaries shall be exempt from any payments of pensions, 

insurance, or ick benefits other than those voluntarily paid by employees or required by state law. No employer or his agent shall 

ac ept any rebate, directly or indirectly, on such wage or salaries, 

nor give anything of value or extend favors to any person for the 

purpo ·e of influencing rates of wages or c:alarie or the working condition· of employee . 9. K o employer shall recla sify employees or dutie of the occupation performed or engage in any other subterfuge for the purpose 

of defeating the purpo es or provisions of the Act or of this Code. 

ARTICLE V-GENERAL LABOr: PROVISIONS 

1. No per on under ixteen (16) years of age shall be employed in 

the industry nor anyone under eighteen (18) year of age at occupations or operations hazardous in nature or detrimental to health. 

The Code Authority shall submit to the Admini trator within sixty 

(60) -day after the effective date of this Code, a list of such operations or occupationc:. In any State, an employer shall be deemed to 

have complied with this proYi ion as to age if he hall haYe on file 

a certificate or permit duly is ned by the authority in .-uch State 

empowered to issue employment or age certificates or permits, 

showing that the employee is of the required age. 2. In c mpliance ·with Section 7 (a) of the A -t it is provided: 

(a) That employees c:hall have the right to organize and bargain 

collectively through representatives of their own choosing. and hall 

be fr c from the interference, re:traint, or coercion of employers of 

labor, or their agent in tho desianation of uch representatives, or 

in self-organization or in other oncerted activiti for the purpo e 

of collective bargaining or other mutual aid or protection. (b) That no employee and no one seeking em} loyment hall be 

required as a condition of employment to join any company union 

or to refrain from joinino-, organizing, or assisting a labor organization of his m'n choo ing. 
535 

(c) That employers shall comply with the maximum hours of 

labor, minimum rates of pay, and other conditions of employment 

approved or prescribed by the President. 

3. No provisions of this Code shall supersede any State or Federal 

law which imposes on employers more stringent requirements as to 

age of employees, wages, hours of work, or as to safety, health, 

sanitary, or general working con litions, or insurance or fire 

protection than are imposed by this Code. 

4. Every employer shall make reasonable provision for the safety 

and health of his employees at the place and during the hours of 

their employment. Standards for safety and health shall be submitted by the Code Authority to the Administrator for approval 

within . ixty ( 60) clays after the effective date of this Code. 

5. Each employer shall post and keep posted in conspicuous places, 

acces ible to all employees, complete copies of this Code and any 

subsequent upplementary Codes or amendments. 

ARTICLE VI-AmuiNISTRATION 

To effect further the policies of the Act, a Code Authority is hereby constituted to cooperate with the Administrator in the administration of this Code. 

1. Organization and Constitution of the Code Au.th01'ify.-(a) The 

Code Authority shall con ist of five (5) members of the Institute 

elected by the members of the Institute, at a meeting duly called for 

that purpose or by lettor ballot, and two (2) representatives of members of the Industry who are not members of the In titute, providing they so desire, and signify their willingness to pay their fair 

proportion of the cost of administering the Code. The representative of the non-members shall be elected by the non -members in a 

meeting dnly called for that purpose or by letter ballot. One or 

more additional members, without vote, may be appointed by the 

Administrator, at his discretion, to represent the Administrator or 

such groups or interests as he may designate. 

(b) The Institute, or any other trade association directly or indirectly participating in the selection or activities of the Code Authority shall (1) impose no inequitable restrictions on membership, 

and (2) submit to the Administrator true copies of its articles of 

association, bylaws, regulations, and any amendment when made 

thereto, together with such other information as to membership, 

organization, and activities as th" Administrator may deem necessary 

to effectuate the purposes of the Act. 

(e) In order that the Code Authority shall at all times be truly 

representative of the Indu try and in other respects to comply with 

the provisions of the Act, the Administrator may provide such hearings as he may deem proper; and ther-eafter if he hall find that the 

Code Authority is not truly rep-resentative or does not in other respects comply with the provisions of the Act, n~ay require an appropriate modification in the method of selection of the Code Authority. 

(d) Nothing contained in this Code shall constitute the members 

of the Code Authority partner for any purpose, nor shall any member of the Code Authority be liabl-e in any manner to nnyone for any 

act of any other member, officer, agent, or employee of the Code 
536 

Authority. nor hall nn) member of the Code Authority, exercisinO' 

reasonable diligen e in the conduct of his duties hereunder, be liabl~ to anyone for any action or omission to net under this Code except for 

hi · own wilful misfea ance or non-fea ancc. 

(e) If the Administrator shall determine that any action of the 

Cole Auth01·ity or any agency thereof may be unfa.ir or unjust or 

contrary. to the public interest, the Admini trator may require that 

such actwn be su pcnded to afford an opportunity for inve tio·ation 

of the merits of such action and further con ideration by uch° Code 

Authority or agency, pending final action which ... hall not be effective 

unless the Admini trator approve or unless he shall fail to disapprove after thirty (30) days' notice to him of intention to proceed 

with such action in its original or modified form. 

2. Powers and d?.tties of the Code Atdlwl'ity.-The Code Authority 

hall have the following luties and powers to the extent permitted 

by the ~ct : 

(a) To adopt by-laws, rules and regulations for its proo2dure and 

for the admini tration of this Code. 

(b) To in ure the execution of the provisions of this Code and 

provide for the compliance of the Industry with the provisions of 

the Act, subject to such rules and regulation as may be pre cribed 

by the Admini ti·ator. 

(c) To cooperate with the Administrator in making inYe tigations 

as to the functioning and observance of any provision of this Code. 

( cl) rro study the €£feet of the various provisions of this Code on 

the Industry and consider proposals for amendments or modifications 

and make recommendation from time to time thereon to the Administrator. which amendments or modifications will become effective 

as part ·of the Code upon approval by the Administrator after uch 

notice and hearing as he may specify. 

(e) To provide neces ary data for the Administration of this 

Code. all members of the Industry shall upon request furnish to the 

Code Authority such information concerning conditions in the Industry-including wages, hours of labor, number of employees, costs, 

prices, and other matters pertaining to this Code as may be required 

Ey the Administrator-but this shall be carried out through uch 

channels as to preclude identification of confidential information 

furni heel by any member of the Industry. (f) To establi h, subj ect to the approval of the Admini trator, 

discount term and extension of time of payment to suit regional 

conditions. 

3. R eports to Govermnent Agcncif.s.-In addition to the information required to be submitted to the Code Authority and to the 

Administrator, there shall be furnished to government aCYencies uch tati~tical information as the Administrator may deem necessary for 

the purpose recited in Section .3 (a) of the Act, r.royided ~hat 

nothino· herein contained shall relieve anyone of any ex1 tmg obligation t~ furnish reports to government agencies. 

4. Appointm.ent of Divisional Omnmittecs.-The Code Authority 

shall appoint a Divisional Committee for each geographical division 

and shall deleo·ate to such Committees snch of its power an l duties 

as it shall dee~ ne es ary for the proper a lmini tration of thi C?de 

under the sanction of and with the approYal of the Code Authonty. 
537 

5. Accounting and Cost Filing.-The Code Authority shall cause 

to be formulated an accounting system and methods of cost finding 

and/ or estimating capable of use by all memb rs of the Industry. 

After such system and methods have been formulate l an l approved 

by the Administrator full details concerning tlwm shall be made 

available to all members. Thereafter all members shall determine 

and/or e timate costs in accordance with the prin iples of such 

methods. . 6. Open Price Filing.-,Vithin 15 days after the effective elate of 

this Cod , each member of the Industry shall file IYith the Code. 

Authority a com.plete list of its current prices f or the different 

classifi cations of metal treating s rvice, ternr, and trade discounts. 

Such price list , terms, and discounts may be revi. ed as conditions 

require by filing same with the Code Authority. It shall be an 

unfair method of competition for any person to sell metal treating 

.sBrvice at any other than t he price filed, or to give any con e sion 

directly or indirectly, by any means, from it list of prices, terms, 

and eli ·cotmts, so long a the same remain in force. 

A member of the Industry may submit a re,-ised price list to the 

Code Authority any time. Such revised price list ·hall becmne 

effective on the lOth day after it is received by the Code Authority. 

The Code Authority shall immediately make such information available to all interested persons as each may be concerned. vVhen a 

member of the Industry fil es a revi eel price, any other member may 

file a r evised price to meet the one fir t filed. The second price ~· hall 

bec-ome effective on the effective date of the one first filecl. 1 

7. :Members of the Indu try shall be entitled to participate in and 

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

participate in th-e selection of the members thereof by assenting to 

and complying wit h the requirements of this Code and sustaining 

their rea onable share of the expenses of administration. T he r easonable share of the expenses of its administration shall be determined by the Code Authority, subject to review by the Administrator, 

on the basis of yolume of busines and/ or uch other factor.- a · may 

be deemed equitable to be t aken into consider ation. 

ARTICLE VII-Tr:ADJ:l Pr:ACTJCES 

1. No member of t he Industry shall defame any competitor by 

falsely imputing to him dishonorable conduct, inaLility to perform 

contracts, questionable credit standing, or by other misrepresentations having the tendency and capacity to mislead and deceive 

purchasers and prospe-ctiYe purchasers of metal treating service. 

2. Procuring, otherwi e . than with the con ent of any member of 

the Indu. try, any information concerning the business of such mem_-

ber which is properly regarde l as a trade secret, or confidential 

within an organization, is unfair trade practice. 

3. No member of the industry shall give, permit to be given, or 

directly offer to give, anything of value for the purpose of influencing 

or rewarding the action o£ any employee, agent, or r epresentative 

of another in relation to the business of the employer of such em1 See paragraph 2 of order ::tP!Jr oving tbi Code. 
538 

ployee, the principal of , uch agent or the represented party, without the knowledge of such employer, principal or party. This commercial brib ry provi ion shall not be con. trued to prohibit free and 

general distribution of article commonly used for advertising except 

so far a such article are actually used for commercial bribery as 

hereinabove defined. 

4. It is unfair trade practice to make or cause to be made, or to 

permit to be made by word-of-mouth or by publication, any fal ·c or 

deceptive tatement or advertisement, concerning the grade, quality, 

character or finish of the process or the ~Vork, 1vhich statements may 

have the tendency or effect of misleading or deceiving customers, 

pro pective cu .. tom r , or ultimate retail purchasers of the final product, or which may have the tendency or effect of injuring the lmsiness 

of a competing member in the Industry. 

5. Inducing by any means whatever, or attempting to induce, any 

party to a contract with a member of the Industry to 'iolate ·uch 

contract, is unfair trade practice. 

6. It is unfair trade practice to make either direct or indirect discrimination in the price charged to several purchasers of metal 

treating service; provided that nothing herein contained shall forbid 

differences in prices due to clearly understood differences in the 

grade, and quality of the metal treating, or differences in pric~ based 

on quantity discounts. 

7. The dating of an invoice other than the date of shipment of all 

the material included therein, and the withholding from, or inserting 

in the invoice of facts which make the invoice a false record-either 

wholly or in part-of the transaction represented thereby and the 

payment or allowance of secret rebates, refunds, credits, unearned 

discounts, whether in the form_ of money or otherwise, constitute 

unfair competition. 

8. It shall be unfair trade practice to subcontract any work in this 

Industry, in whole or in part, to any employee. 

D. It shall be unfair trade practice for any member of the Industry 

who is operating his plant in competition with other members of the 

Industry, to rent, to lease or to allow the use of any portion of hi ~ 

factory space or equipment capacity, to employees for the purpose of 

their performing metal treating operations for the trade in competition with other plants in the Industry. 

10. Except to meet the selling ·price of a bona fide low cost producer, it shall be unfair trade practice for any n1ember of the Industry to sell metal treating service below his own individual cost 

thereof, costs in all cases being determined in accordance with a 

system of accounting acceptable to or established by the Code 

Authority with the approval of the Administrator, as mentione l in 

paragraph 5, Article VI. 

11. It shall be unfair competition to make guarantee again t 

decline in price, or to give protection against advance in price, extending beyond a period of ninety (90) days. 

12. It ·hall be unfair competition to make unit price quoted. on 

a specifie l quantity of metal tr ating applicable to ale er quanbtv. 

If lesser quantities are shipped uncl r a ontract ca.lli~g for a. larger 

quantity, billing pric s shall be those quoted or cons1 tent w1th the 

actual quantities shipped. 
539 

13. It is unfair practice deliberately to make impossible delivery 

pro~1ise for the purpo e of winning orders for metal treating 

serv1ce. 

ARTICLE VIII-:ThfomFI ATIONs 

This Code and all of the provi ions thereof are expre~sly made 

subject to the right of the Pre ident, in accordance with ·ub ection 

(b) of Section 10 of the Act, from time to time to cancel or modify 

any order, approval, license, rule, or regulation is ued under Title 

I of said Act and specifically, but without limitation, to the riaht of 

the President to cancel or modify his approval of this Code or any 

conditions imposed by him upon his approval thereof. 

Thi Code, except as to provisions required by the Act, may be 

modified on the basis of experience or changes in circumstances, such 

modifications to be based upon application to the Administrator and 

such notice and hearing as he shall specify, to become effective on 

approval of the President. 

ARTICLE IX-MONOPOLIES 

No provision of this Code shall be so applied as to permit monopolies or monopolistic practices, or to eliminate, or oppress, or discriminate against small enterprises. 

ARTICLE X-EFFECTIVE D ATE 

This Code shall become effective on the second Monday after its 

approval by the President. 

Approved Code No. 367. 

Registry No. 1118-25. 

0 

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UNIV ER SITY OF FLO RIDA 

IIIII/IIIII IIIII/IIIII IIIII II Ill/ llllllllllllllllllllllllllllll I 

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