Fort Pierce news. (Fort Pierce, Fla.) 190?-1920, 1910-01-28


otber produce from the same, but N
that event, said member 50 giving eHt .'
notice ceases to be a member OF TINS
sinh exchange, and all rights properly
and privileges 10 said sue eNci"us0
belonging TO said member shaII 'Iier5'
upon cease and determine: troViueu,
! however, and it is hereby agreed ana
fully understood by all persons joining
this sub exchange and each association
of citrus fruit growers becoming d
member hereof thatany member OF this
sub exchange Withdrawing from II
by disposing Of the fruit or produce
owned, grown or controlled by NM
her, il or them through any other
source than through this sub exchange
as the agent as aforesaid OF said FLORIDA
Citrus Exchange, or Withholding the
same from this sub exchange, as such
agent, and without giving the hotlce
hereinbe'ore provided, shall torielt 70
this SUD exchange as and tor liquldated
damages, herein (which is HEREBY set
tied and determined to this SUB eX'
change Tor such withdrawal or with
holding the sum of fifty cents per bon
for all citrus fruit or other produce
produced, owned or controlled by him,
! her, it or them, as the case may De,
during the year of said Withdrawal or
| Withholding and 50 withdrawn from
this sub exchange. 1t is further
hereby understood and agreed that 10
case any former member Of this sub
exchange who has withdrawn truit or
produce FROM this sub exchange, or has
withheld the same as aforesaid and
thereby has ceased to be member oil
this sub exchange afterwards wishes to
return and reioin this sub exchange
and exercise the rights Of member
hereof, that the same may be done by
by and with the consent only OF
majority of the Board of Directors OF
this sub exchange, and upon payment TO
this sub exchange of all penalties that
have been assessed against him, her, 1t
or them as the case may be, by this sub
exchange, and by the Florida Citrus
Exchange, aud not previously paid.
ART. 3. That the term for which
this Sub Exchange shall exist is fifty
years from and after date Of its iDcor-
poratiou.
ART. 10. That the officers of this Sub
Exchange who shall transact its bust
ness, shall be board of Directors, a
President and a Vice.President, and
said Presidentand Viee-President shall
also be the president and vice presi.
dent, respectively, OF said Board OF
Directors, and each OF them shall, at
the time Of filling said Office. be 10 his
own right a member OF this sub eX-
change or be the accredited represent.
alive of an association of citrus fruit
growers holding m smbership certificate
in this sub exchange and must also be
director in the same. And this sub
exchange shall also have a Secretary
and Treasurer, bJth Of which Offices
may be Tiled by one aud the same per-
son. who need not be member Of this
sub exchange. AMI the number of
Directors OF this SUB exchange shall be
three, but the directors Of this sub ex.
change. without amendment of its char
ter. may, at any time, by u two-thirds
vote OF its Directors, increase its direc
tory, and may at any time after so ia.
creasing the same, and by similar vote
OF its Directors, decrease its directory.
as said Directors shall see fit. But at no
time shall the number OF said Directors
be increased 10 a greater number than
the number of associations of citrus
trOit growers afiliating with and which
are members of this sub exchange,
aud at no time shall the number OF
said Directors be decreased to nun. !
Der less than the original number OF
directors herein specified. That the !
names aud residences of the citrus fruit /
growers who are hereby appointed by /
the incorporators Of this snblexchange. !
and who shall act as directors of the 1
same for the first year of its existence
and until its other directors are elected
and qualified, at the first annual meet. |
ing of the members of this sub exchange
are:
Names. Residences