The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1920-08-01

and fifteen additional members; and
the said organization committee may
increase its members; elect new mem
bors IL place Of any who may resign
or be unable TO act; and take such
steIs as it may deem advisable TO
secure subscribers for this agreement
and members Of the association.
1S (a) If by May l. 1921. sigma
lures of cotton growers or persons
eligible to membership covering at
least 100000 bales of cotton Of the
1919 crop shah not have been secured
for this agreement, the organization
committee shall so notify every sub
scriber at his address noted below,
prior to May IS, 1921, and the sub
scriber shall have the right to with
draw and TO cancel his signature and
the agreement signed by him, by
written notice mailed to the secretary
of the organization committee between
May Is and June 1, 1921.
CD If signatures of the growers
of 100000 bales shall be secured by
the said date, May 1, 1921, then this
agreement shall be binding upon all
of the subscribers in all OF its terms
and there shall be no right Of with
drawal whatsoever
(c) If all signatures are not then
withdrawn, the organization commit
tee may proceed with the organization
and with the marketing plans under
the marketing agreement, provided
signatures covering at least 100000
bales remain uncancelled.
If signatures covering less than
1000 bales so remain, the commit
tee shall cancel all contracts
(d) For all matters Of production
or signatures and for all statements
OF fact in connection herewith, the
written statement of the organization
committee, signed by its chairman,
shall be absolutely conclusive, with
or without notice to the subscriber.
IA. (a) Each subscriber agrees
to pay to the organization commit
tee the sum OF ten $4,000 dollars for
the organization fund, to be expended
as deemed necessary by the organiza'
ton committee for the purposes of
organization.
(b) Such payment shall be made
as directed by the organization com
mttee.
(c) The treasurer of the committee
shall be adequately bonded.
(d) The organization committee shall
keep d full, true and detailed account
of expenditures, including salaries, fees
and costs of every kind and shall rem
der a written report thereof to the
board of directors Of the association,
when organized, and shall thereupon
turn over to the association the bal
ance remaining in its hands.
(e) The association shall give due
credit TO the subscribers for the
amount of their payments toward the
entrance or membership fee and free
of obligation.
(f) If the signatures Of growers
covering the said 100000 bales shall
not have been obtained by May !,
1921; or, if for any reason, the asso-
citation is not legally organized by Sep
tember /, 1921, the funds then remain
ing in the hands of the organization
committee shall be returned to and
pro-rated among the subscribers; and
the organization committee shall have
its accounts audited by a certified
public accountant; and the report
hereof shall be filed with the secretary
of the organization committee ana
shall be available for inspection and
examination by any Of the subscrio-
ers or their representatives.
(g) If the committee organizes with
the growers of less than 100000 bales.
but more than 100000 bales, the com
mittee will return to the subscribers
withdrawing their signatures their
pro.rated shares Of the funds on hand
and free of obligation on May l, 1921.
IL. (a) We do hereby authorize
the organization committee, as the
representative Of all the subscribers
to take such steps as it may deem
proper to secure subscribers hereto;
and when the adequate number Is
secured, to name IL organizing di'
reotors, from among growers sub
scribing hereto and including one
person to be named by the president
of the board of agriculture, conform
ing as closely as possible to the pro
visions Of paragraph 4; and to take all
steps necessary and advisable to or
ganize the Oklahoma Cotton Growers
Association; and to call district pri'
mary meetings for the selection oil