The central record. (Lancaster, Ky.) 18??-current, 1911-09-29


Below follows the Landlords Ten
Year Pooling Contract for 1911-1920,
subject to such minor changes as may
be agreed upon by the committee be-
fore named, together with Mr.. James
B. Haggin.
LANDLORD TEN-YEAR POOLING CONTRACT
Book No.--1911-192O, Crops,
Pledge No.--County---
-Ky,-----1911.
This contract made this day wit
nesseth:
"This in consideration of the bene-
fits to be derived herefrom by the
parties hereto, and that this contract
is made by the undersigned and ac-
cepted by the hereinafter named Board
of Control and Burley Tobacco Society,
as a mutual contract with other con-
tracts of like import, taken, and to be
taken and entered into by and with
many other growers of tobacco, which
are of mutual benefit to all, the under
signed grower of tobacco owning and
expecting to own Burley tobacco of
the 1911 to 1920 crops inclusive, grown
and to be grown on his farm, contain
(the usual crop
grown on this land is--acres) =,
bounded on the north by--on the
south by, on the east by
and on the west by---in ----
County, Kentucky, hereby constitute
and appoint the---C County
Board of Control and Burley Tobacco
Society, corporations under the laws
of Kentucky, as sole agents for the
purpose of receiving, commingling,
handling, warehousing, inspecting, in
surfing, grading, financing and selling
one-half of all of the said tobacco in
such manner and on such terms as said
Burley Tobacco Society may prescribe
pursuant to its Charter and Bylaws,
and for such purpose hereby transfer
and assign to and invest in said agent
the title and right of possession to said
tobacco pursuant to its Charter and
Bylaws, as said Society may desig-
nate; provided the undersigned shall
receive from the sale of said tobacco
when sold the net average general price
obtained by it for like grades of to-
bacco.
THE tobacco pooled above being
one-half of all the tobacco grown on
the land above described, as we'll as all
land owned by the undersigned in the
State of Kentucky with the exception
of partnership or joint ownership land.
1.-The undersigned further subscribes
shares of the capital stock to the
amount equal to not less than 20 per
cent nor more than so per cent of the
gross sales of the tabacco hereby
pledged, in the Burley Tobacco Com
pany, Incorporated, or some other COM
pany to be Incorporated, to be left to
the decision of the District Board of
the Burley Tobacco Society prior to
October LIST, 1912; the stock subscribed
by him being -per cent of the
gross sale of his tobacco and in case of
the failure of the undersigned to indi-
cate at the time of the signing of this
pledge the amount of stock subscribed
for by him, his signature to this con-
tract shall be construed on a subscrip-
ton to said stock to an amount equal
to 20 per cent of the gross of his to-
bacco; or we authorize the Burley To-
bacco Society to deliver to said COM
pany the said per cent of the tobacco
hereby agreed upon without selling
same, if in their judgment they think
best, but, in this event the Executive
Board must at such time as in its dis
erection is for the best interest of the
poolers, fix the value of said tobacco,
so that stockholders will know their
interest in the Company; and the Com
pany shall issue to the undersigned a
sufficient number of shares of its capi-
tai stock to represent the value fixed
on said tobacco; and in case the tobacco
is sold, the undersigned authorizes the
Burley Tobacco Society to pay for
said stock out of the proceeds of said
tobacco when sold, the shares of said
stock to be issued to the undersigned.
"No fractional shares of said stock
shall be issued.
1.-The undersigned by reason of this
contract becomes, and is entitled to all
the privileges of member of the said
Burnley Tobacco Society.
Upon his failure to comply with
terms and conditions of the contract