Arizona republican., 1921-08-03
Legal AdUertising

ARTICLES OF INCORPORATION
 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 non- profit, cooperative marketing association, under the o-Operative Marketing Act of the State of Ari- zona.
 AR rICLE I
 The name of this corporation shall be THE ARIZONA PIMACOTTON GROWERS.
 ARTICLE II
 The purposes for which this asso- ciation is formed are:
 A. To promote, foster and encour- age the business of marketing cot ton comparatively; to minimize spec ulation 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 of any of the said operations. and in the securing and handling of labor for and in connection with any of these operations.
 c. To purchase and sell cotton or cotton seed or cotton products of its 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 adel 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 fn- struments signed by any member of the association. 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 propefty or security own 1 1-x <J<x, <l <t sociation.
 H. To act ss the agent. represent ative, factor or broker of the mem | bers, in any of the above activities. l I. To purchase. or otherwise ac- | quire. and to hold. own. exercise al I rights of ownership, sell transfer ol | pledge shares of the capital stock ol bonds, or securities of any corpora 1 ton or association engaged ing tht I ginning, processing. or grading, ol storing. or financing. or marketing O l 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 exercis' all privileges of ownership over sucl real or personal property as may b, | necessary or convenient for the con | Qutl dHu OpeIdtfOn 0I any OI lle DQSl | ness of the association.
 K To acquire. own, and develol any interest in patents. trademark
 or copyrights, connected with tn handling or marketing of the cottol or cotton products of the association or its members.
 l.. And to do each and everythini necessary. suitable or proper in tn Il judgment ol the directors of the asso
 citation, anywhere throughout tn | world for tn. acc accomplishment of an
 of the purposes or the attainment 0 any one or more of the objects here
 In enumerated. or which shall at an
 time appear conducive to or expedien for the interests or benefit of thi
 association and the members thereo
 and to contract accordingly.
 The Arizor Pimacotton Grower
 shall make nt profits from any of it activities, but all of it's operation
 shall be for the mutual benefit C it's members only, and shall be CO., op , erative in character. and shall cove Pima cotton or any other variety c type of cotton that its members ma
 produce, and all seed or product
 thereof
 Il The operations and activities ( ] this association shall be limited
 activities arising out of the harvest , ing, ginning, processing, grading f shipping. stori lo financing, ware 1 housing, handling and marketing ( : the cotton, cottonseed, or cotton prod
 ucts of the association and of il : members only. and to the financin of any of the said operations or (
 it's members.
 The association shall not be pel : mitted to buy or sell cotton exceI f from and for its members only, an on standard cooperative basis.
 shall not buy any cotton whatsoevt v from non- members, or be permitte t to go into the open market to bu . cotton or any cotton seed or cotto f products whatever.
 The association is expressly forbid
 den to do anything with the inter :. or effect Of Iessening the use of f consumption of any cotton; or of r strictions or limiting commerce in ar
 product; but this association shall ( r, everything within it's power to pr t vent specula ton in the handling Q cotton, and cotton products. and f secure foi it's memDers a fair pri : for their cotton, or cotton produc n in the markets of the worldi and < increase the sale. use and consumI : ton of cotton and cotton product |, by all possible commercial and me tf chandising methods: and to use eve = possible means to improve the SUI
 ply and to extend and increase |
 demand for Cotton and cotton pro
 ucts
 If This association shall have and e ercise all powers privileges, al