The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1920-08-01
Walter Colbert Urges
Carter County
Farmers
CONTINUED from page a

subscriber at his address as noted
below.
70, The subscriber here applies Tor
"iei"pershp IN the association when
organized and expressly agrees that
MS signature to this association con.
tract and to the marketing agreement,
herewith embodied. and to this appll.
cauoh Tor membership, shall be ir.
feVoaDie, except as provided In Par
asraph l3; and that he so agrees. in
order to induce other growers TO sign
this agreement for his benefit as well
as their own general benefit and the
public welfare
Acceptance Of this application for
membership and of the marketing
agreement shall be deemed conclusive
upon the mailing Of the notice by the
association. and such mailing and
notice shall be conclusively established
by the affidavit OF the secretary of
the association.
Oklahoma Cotton Growers Association
Marketing Agreement
The Oklahoma Cotton Growers AS
sociation, corporation, with its prin-
ctpal office at Oklahoma City, here.
matter called the association, first
party. and the undersigned grower,
second party, agree.
/. The grower is n member Of the
association and is helping to carry out
thc express aims of the association
for cooperative marketing, for min
imi2ing speculation and waste and
Tor stabllizing cotton markets in the
interests of the grower and the public
through this and similar obligations
undertaken by other growers.
?. The association agrees to buy
and the grower agrees to sell and
deliver 70 the association all of the
Gotten produced or acquired by or for
him in Oklahoma. during the year
1921, 1922, 1923, 1924, 1925, 1926 and
1927.
J. The grower expressly warrants
that he has not heretofore contracted
to sell, market or deliver any of his
said cotton to any person. firm or
corporation, except as noted at the
end Of this agreement. Any cotton
covered by such existing contracts or
the terms hereof for the period and
to the extent noted.
a. (a) All cotton shall be delivered
at the earliest reasonable time after
picking or ginning to the order Of
the association, at the warehouse
controlled by the association; or at
the nearest public warehouse, If the
association controls no warehouse in
that district; or by shipment as d.
rected. to the association; and by
delivery Of the endorsed warehouse
receipts or blls.of-lading properly di-
rected.
lb) Any deduction or allowance or
loss that the association may make
or suffer on account of inferior grade
quality or condition at delivery, shall
he charged against the grower indi-
vidually.
lcl The association shall make
rules and regulations and provide in
spectors or grades or cassifiers TO
standardize, grade and class the quail.
ity and method and manner of hand
ling, pressing and shipping such cot
ton and the grower agrees to observe
and perform any such rules and regu-
lations and to accept the grading
established by the state and federal
authorities and the association.
:. The association agrees to resell
such cotton, together with cotton "f
like quality, grade and staple deliver
ed by other growers under similar
contracts, at the best price obtainable
by ii under market conditions; and
to pay over the net amount received
therefrom Closs freight, Insurance
and interesO as payment in fun TO
the grower and growers named in
contracts similar hereto, according
TO the value Of the cotton delivered
by each Of them, after dcducting
therefrom, within the discretion Of
the association, the cost of maintain
ing the association and Of handling,
grading and marketing such cotton;
aud Of reserves for advertising, cred
its and other general commercial pur-
poses (said costs and reserves not
to exceed four per cent of the gross
resale prico), The annual surplus
from such deductions must be pro-
rated among tho growers deliver.
tng cotton In that year on the basis
of deliveries,
G, The association shall pool or
minale tho cotton Of tho growers with
cotton OF like quality, grade and
staple delivered BY other growers.
The grower agrees that his cotton
may DO so mingled; and that tho net
returns therefrom, less all costs, ad-
vanccs and charges, shall bc credited
aud paid Ia him on n proportional
basis out Of the receipts from the
vale Of all such cotton Of like quail.
ity. grade and staple. each pool to be
for full season, payments to be
made from time to time, us rapidly
as possible in due proportion, until
the accounts OF each pool OF the-I
season are completely settled.
Z. The grower agrees that the as
sCciation may handle, in its discre-
ton. some Of the cotton in one way
and some in another; but the net
proceeds Of all cotton Of like quail
ity. grade and staple, less charges,
costs and advances, shall be divided
ratably among the growers in pro-
portion to their deliveries to each
pool.
S. The grower agrees that the as
scation shall borrow money in It's
name on the cotton, or on any ware
house receipts or bills-of-lading or
upon any accounts for the sale OF
cotton or on any commercial paper
delivered therefor. The association
shall prorate the money so received
among the growers equitably, as 1t
may determine, for each district and
period of delivery, and pay to each
grower his proportionate amount
thereof.
o. The association may sell the
said cotton. within or without this
state, directly to spinners or exporters
a.. .tboruice Mt eiich times and upOn |