Arizona republican., 1921-08-02


 operations.
 c. To purchase and sell cotton ori cotton seed or cotton products of it's members, and to purchase and sell to it's members machinery, equipment or supplies. used in any of the above 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- citation.
 E. To lend money to the members of the association. in connection with any of the said activities. upon any ade luate security. and to accept as collateral for any such loans. ware house receipts. crop mortgages, chat tel mortgages, deeds of trust, or any other kind ot property or security 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 of the associa ton. in connection with any of the above mentioned activities
 c. To sell issue. discount or bor- row money upon any commercial pa per Or negotiable instruments or 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.
 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 &C., quire, and to hold, own. exercise all rights of ownership. sell. transfer or pledge shares of the capital stock or bonds. or securities of any corpora tion or association engaged in the ginning. processing. or grading, or storing. or financing, or marketing of any cotton or cotton products, in fur therance of any of the above men toned activities.
 J. To buy. hold. lease. construct contract for the use of and exercise all privileges of ownership over such real Or personal property as may be necessary or convenient for the con duct and operation of any of the busi- ness of the association.
 K. To acquire. own, and develop any interest in patents, trademarks or copyrights. connected with the handling or marketing of the cottor or cotton products of the association or its members.
 
 necessary. suitable or. proper, in ths judgment ol the directors of the asso- citation. anywhere throughout thu world. for tn, acc accomplishment of any of the purposes or the attainment O any one or more of the objects here in enumerated, or which shall at afy time appear conducive to or expedfen for the interests or benefit of thil association and the members thereof and to contract accordingly. The Arizor Pimacotton Grower. shall make ns profits from any of it. activities, but all of it's operations shall be for the mutual benefit o its members only, and shall be coop erative in character, and shall cove Pima cotton or any other variety O. 1 type of cotton that its members ma, 1 produce, and all seed or product | thereof
 The operations and activities O 1 this association shall be limited t l activities arising out of the harvest ing, ginning. processing, grading l shipping, stori IF financing, ware housing. handling and marketing o l the cotton, cottonseed. or cotton prod ucts of the association and of 1t l members only, and to the financin | 1 it's members.
 l The association shall not be per mitted to buy or sell cotton excep 1 from and for its members only, an 1 on standard cooperative basis. I shall not buy any cotton whatsoeve 1 from members, or be permitte to go into the open market to bu 1 cotton or any cotton seed or cotto l products whatever.
 The association is expressly forbid l den to do anything with the inten or effect Of lessening the use of c | consumption of any cotton: or of re l strictions or limiting commerce in an product; but this association shall everything within it's power to pre- vent speculation in the handling { cotton, and cotton products. and
 secure fol it's mempers a fair pric
 for their cotton, or cotton produc
 in the markets of the world; and 1
 increase the sale. use and consumI . ton of cotton and cotton product ! by all possible commercial and me
 chandising methods; and to use evel !, possible means to improve the SUI ply and to extend and increase u E demand for cotton and cotton prot : ucts
 Al I ercise all powers. privileges, al
 rights, authorized by the laws of tn state and all powers and rights inc dent thereto
 ! ARTICLE III T The place where the principal bus ! ness of the Arizona Pimacott, Il Growers will be transacted is Pho , nix, Maricopa County. State of Al !. zona.
 f ARTICLE " 2 The term for which the Arizol : Pimacotton Growers is to exist
 twenty (20N years, from and aft
 the date of incorporation. ARTICLE V
 The Arizona Pimacotton Grove if shall be managed by a board of C rectors.
 . The names and residences of tho tfi selected to serve for the first yei = and until their successors have be .f elected and qualified. are: ' W. s. STEVENS, PHOENIX, MA
 TCOPA CO. ARIZ. U J. c. NORTON, PHOENIX, MAI
 COPA CO. ARIZ.
 HARRY C. CHANDLER, MES
 MARICOPA CO, ARIZ. II F. W. GRIFFIN, PHOENIX, MA
 ICOPA CO, AR1Z.
 JOSEPH R. LOFTUS, PHOENl le MARICOPA CO. ARIZ If T. c. MREYNOLDS. PHOENl . MARICOPA CO, ARIZ.
 DWIGHT B. HEARD, PHOEN
 MARICOPA CO. ARIZ
 K. D. HELLWORTH, PHOEN N MAR1COPA CO. ARIz.
 B.. J SHOWERS, PHOENIX, MA
 ICOPA co, ARIZ.
 w. S. PERRY, PHOENIX, MAI
 COPA CO. ARIZ.