Arizona republican., 1921-07-30

OF THE ARIZONA PIMACOT-
 TON GROWERS
 A Co-Operative Marketing
 Association
 We, the undersigned, all of whom are residents and citizens of the State of Arizona, engaged in the produc- tion of agricultural products. do here by voluntarily associate ourselves to- gether for the purpose of forming a non- profit. cooperative marketing association, under the Co-Operative Marketing Act of the State of Ari- zona.
 ARTICLE I
 The name of this corporation shall be THE ARIZONA PIMACOTTON GROWERS.
 ARTICLE II
 The purposes for which this asso- citation is formed are:
 A To promote, foster and encour- age the business of marketing cot ton co-operatively; to minimize spec uiation and waste in the production and marketing of cotton and cotton products, to stabilize cotton markets; to handle comparatively and collec- lively the problems of cotton growers
 B. To engage in any activity in connection with the harvesting, gin- ming, grading. handling. processing storing. shipping, warehousing and marketing of cotton or cotton prod ucts of the association and of it's members, and in the financing oi any of the said operations, and in the securing and handling of labor fol and in connection with any of these operations.
 c. To purchase and sell cotton ol cotton seed or cotton products of its members, and to, purchase and sell te it's members machinery, equipment ol supplies used in any of the abov, mentioned activities, either by the as. sociation or by the members thereof
 D. To borrow money and to make advances to the members of the asso- ciation.
 E. To lend money to the memberl of the association, in connection witt any of the said activities. upon an, adequate security, and to accept al collateral for any such loans ware house receipts, crop mortgages. chat tel mortgages, deeds of trust, or an, other kind Of property or securit, permitted by law.
 F. To endorse, guarantee the pay ment of. or to secure in any way commercial paper or negotiable in struments signed by any member O the association. in connection witt any of the above mentioned activities G. To sell issue. discount or Dor row money upon any commercial pa per or negotiable instruments O promissory notes. or warehouse re ceipts, moneys. or bonds, or any oth CT kind of property or security own ed by or under the control of the as sociation.
 l H. To act as the agent. represent ative, factor or broker of the mem bers. in any of the above activities. I. To purchase, or otherwise ac quire. and to hold. own, exercise a rights of ownership, sell. transfer o | pledge shares of the capital stock O bonds. or securities of any corpora | ton or association engaged in tn | ginning. processing. or grading. c l storing. or financing. or marketing c any cotton or cotton products in fur therance of any of the above men toned activities.
 | J. To buy, hold. lease. construc l contract for the use Of and exercis all privileges of ownership over sue real or personal property as may t ! 1 duct and operation of any of the busl | ness of the association.
 | K. To acquire, own. and develo any interest in patents. trademark or copyrights, connected with th handling or marketing of the cotto or cotton products of the associatio or it's members.
 l l.. And to do each and everythin l necessary, suitable or proper, in tf judgment oi the directors of the assc | citation, anywhere throughout tf world, for the accomplishment of ar of the purposes or the attainment any one or more of the objects hert in enumerated. or which shall at ar 1 time appear conducive to or expediel for the interests or benefit of tn association and the members thereo and to contract accordingly. I The. Arizo, a Pimacotton Grove
 shall make ne profits from any of i
 activities, but all of its operation shall be. for the mutual benefit
 it's members only. and shall be co-ol
 erative in character. and shall GOV
 Pima cotton Of any other variety
 type of cotton that its members m; !. produce, and all seed or produc
 thereof.
 The operations and activities this association shall be limited activities arising out of the harves [ ing. ginning, processing, gradir shipping. stori1g financing. war
 housing. handling and marketing / the cotton. cottonseed. or cotton pro ucts of the association and of members only, and to the financil f of any of the said operations or it's members.
 The association shall not be pc !. mitted to buy or sell cotton exec f from and for its members only, a on a standard cooperative basis.
 shall not buy any cotton whatsoev . from non members. or be permit { to go into the open market to b 3 cotton or any cotton seed or colt f products whatever.
 The association is expressly forbi ) den to do anything with the inte !. or effect of lessening the use of :. consumption of any cotton; or of I : strictions or limiting commerce in f product; but this association shall everything within it's power to pr
 vent speculation in the handling
 cotton, and cotton products. and