Imperial Valley press., 1919-06-24

bership certificate of such membe
, and his membership in this Associa
| zion, and IL of his right, title an,
interest therein shall he by that ac
lone cancelled, and such 'mem6e
. ! shall not, nor shall any one on hi
s. behalf be entitled TO any appraise
acnt or interest in the property C1
gocd VIII of the Association, nor fol
, the return Of any part or portion OF
lhe membership fee paid or payable
yy such member to the Association"
! le} Exception to Paragraph (d)
! The Board of directors shall have
the power to provide Ior an eXcep-
ion t. the above and foregoing pro
! vision requiring each member to mar
| set through the Association all Of
! his milk. cream, butter, chees and
! other dairy products. and TO make tine
anne applicable to members, only af-
! ter thel" present contracts, which
! they have already entered into in good
! Faith with others for the sale and
! marketing Of THEN milk. cream, hut-
! ct, cFeese and other dairy products,
| shall have expired, and provided also,
| that no member shall be required TO
market his said milk and dairy pro-
duets through the Association, If such
milk and dairy products are sold III
localities Wheer this Association is
"ot itself delivering or distributing
he same. but any such member not
marketing through the Association
hail pay the same amount toward
the expenses Of the Association as
though he were marketing through
its facilities.
80 Membership Fee.
Each person, upon becoming mem
Der, shall pay to the Association
membership fee of $500 for each COW
n the herd or herds owned by him,
provided that the minimum member
ship fee shall be 5000, even though
such person would not have cowh
enough, on the basis of $500 per COW,
to amount to such $1,000. If the herd
Of a member, after admittance, shall
lave increased, such member shall pay
to the Association on such increase at
TIE rate of $500 per COW;
but no member shall pay on any
increase Of his herd until it shall con-
tain ten cows. This membership fee
shall be payable by each person to
the Association as follows: Ten G0)
rer cent Of the total amount Of such
membership fee in cash, at the time
his application for membership is
accepted, and the remaining ninety
ta0) per cent thereof as follows: One
taIf thereof en- or before one year,
and one-half thereof Oh or before two
years after the time Of making said
cash payment.
The remaining ninety t30} Pc. sent
Of said membership fee, wh.ch. by
the above and foregoing provisions,
Is made payable one-half thereof on
or before one YEAR and one-half there
of en- o. before two years after the
time Of making the initial cash pay
ment Of ten (10) per cent OF the to-
tai membership fee, shall be evidenced
by the negotiable promissory notes
of each member for the same, each
bearing interest at the rate of seven
~ per cent per annum, interest pay
able seni-annualiv, which notes shall
lie in such form and contain such pro-
visions and conditions as may be pre-
scribed by the board Of directors.
The Association shall have power
to provide that each member be per-
mitted to ray off said notes at the
rate Of five (5l cents per one hun
ared pounds of milk sold by each
member. but inasmuch as the Asso-
citation may, if it wishes, transfer
said promissory notes. this provision
may be only made use of by Il mem
ber at the option Of the Association
1t is understood and agreed that
the ten (10) per cent Of the total
amount OF the membership fee which
IS Paid in cash by the member at
the time his application for member
ship is accepted, may be used by the
Association for organization, promo
ticn and in the payment OF the gen
eral and ordinary expenses of the AS
s0ciatIOH. The remaining ninety 900
Per cent of the membership fee shall
not, however, be used fer arv pur-
pose other than for the purchase of
property or equipment or otherwise
invested, and shall not be used for
raying any of the ordinary or gen
eral expenses Of the Association.
It is expressly herein nrovided that
+ any member shall cease TO NOR
kct or dispose Of all Of the milk,
cream, butter. cheese and other dairy
products which he has, through the
the facilities provided for bv this AS
sociation, that then and in that event
the membership of such member in
.he Association shall Immediately
cease ard determine, and that all of
his right, title and interest therein
shall be by that act alone canveled,
and that such member shall not be
entitled to any conversation or Te-
payment; but notwithstanding" that
PROVISION, it is now expressly under
stood, agreed and provided that if
any member shall have ceased to be
q producer Of milk. cream, butter.
choes or other dairy products, and
for that reason shall have ceased to
market the same through said facili-
ties, and if he shall not within the
periOd Of two full wears after he has
thus ceased to be a member by rea-
tson of the fact that he is no longer
producer Of milk. again become a
producer of milk, cream, butter,
/ cheese or other dairy products, the
amount Of the membership fee which
/ he hall have 0aid to the Association
shall be, at the expiration of such
4 two wears, returned to him, without
I interest. II the membership fee has
. been used in the purchase Of property
, equipment or otherwise invested, and
( the same shall have deprecated or be-
r 40