Arizona republican., 1919-04-10
FORBETTERHAY ARMERS
 WILL ORGANIZE
Association To Be Perfected
 By Valley Ranchers Prob
 ably To Include Other Products In Near Future

For the purpose of procuring better markets and prices for their crops of | hay, ranchers of the valley today will form an organization to be known as the Salt River Valley Ranchers asso- ciation.
 That the project has been under way for several weeks became known yes terday when 8 well known rancher ad- mitted that for the past three weeks meetings have been held at the Water Users building to consider the plan. He declared that it was the wish of those behind the movement to avoid publicity, and that even now they pre- ferred working quietly and later letting the results speak for the effort made in the c0t operative plan which will be put in effect.
 While the association will be limited to crops of hay at the present time, it is believed that ultimately other ranch products will be sold through the agency which will maintain a down. town office in Phoenix.
 Owing to the lateness of the season, no effort will be made to have the as sociation extend beyond the immediate vicinity of Phoenix. Later the associa- tion will not only encourage ranchers dealing in hay but other farm pro- ducts to organize. it is explained.
 Made Careful Study
 persistent effort has been made during the past month it is stated, to secure information that might be help ful 10 an association of this kind and a special committee has made a close study of the history of similar or ganizations in Imperial valley and nf nf nd Mexico. It is understood that the proper papers will be prepared today and that within few days the ar ticles of incorporation will be filed with the corporation commission.
 IL is understood that those behind the movement favor the corporation plan. holding there is weakness in mere cooperative effort. It is said that only one share of stock will be permitted for each acre of land, and that the capita, stock of not less tban s5o0o will be divided into corresponding number oi shares.
 The temporary officers of the as sociation are Fred Galusha of Iaveen president; A. Krell, vice president anC F. C. ReWick, secretary and treasurer It is stated on good authority that T C. McReynolds, Porter Brothers anC Obed Lassen are among others who art hacking the movement.
 Earl F. Drake of the law firm O Townsend, Stockton and Drake, i' counsel for, the association.
 The agreement to form the associa ton which has been signed by mum h-er of ranchers follows:
 Following is Agreement
 We, the undersigned desire to form an association of ranchers in the Sal River valley, Arizona, to procure bette markets and prices for our crops o hay. and to have such association ac as a selling agent for such crops.
 We believe that corporation witt broad powers should at once he formed for that purpose, with the expectation that ultimately other ranch product may be sold through this agency, i experience shall make it advisable
 We further believe that all rancher who expect to profit by better price and better information as to marke conditions. sought by such association should subscribe to the capital stocl of the proposed corporation in pro poration to the acreage of hay to b grown and marketed by them durinj the year of 1919, one share of stock to each acre of such crop.
 IL is expected that all members O
 
 through this association; however there shall be no legal obligation ol their part to do so.
 We believe that the directors shoul, SO operate the company as to make i a profitable enterprise so that reason able dividends may be paid on our in vestment
 It is intended that the board of di rcctors shall fix sum which shal constitute a charge against each to of hay sold by this association, sue charge to cover all operating expenses provide a guarantee fund against al losses, and provide fair return on tn capital.
 If at any time the stockholders 0 directors should agree to dissolve tn corporation, the balance of funds O. hand shall be divided among the stock holders.
 Therefore we the undersigned ranch CTS of Salt River valley hereby agre with one another to subscribe for tn number of shares of stock set opposit our names, in such corporation as shal 1e organized within thirty days iron late for the above purposes. Capita
 m HIn "TE