The Pickens sentinel. (Pickens, S.C.) 1911-2016, 1922-02-02

Committee Keeps True Accounts
IA. (a) The Organization Committee
shall keep full, true, and detailed
account of expenditures, including
salaries, fees, and cost of every kind
and shall render written report
thereof of the Board of Directors of
the Association when organized; and
shall thereupon turn over to the AS
sociation any balance remaining in it's
hands and free Of obligation.
(b) The treasurer of the committee
shall be bonded.
(c) If the signatures of growers
covering the said 10000 bales shall
not have been obtained by May l.,
1922; or, if for any reason, the Asso-
| cietion is not legally organized by
October 1, 1922, the funds then re-
naming in the hands of the Organiza-
tion Committee shall be returned to
and pro-rated among the subscribers;
and the Organization Committee shall
have its'accounts audited by certified
public accountant. and the report
| thereof shall be filed with the Secre-
tary of the Organization Committee
and shall be available for inspection
and examination by any of the sub
| scribers or their representatives
(dO 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 i, 1922.
Committee Authorized TO Go Ahead.
10. (a) We do hereby authorize the
Organization Committee as the repre-
sentative 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
hold primary elections and have the
signers select organizing directors
from among growers subscribing
hereto, together with the public di-
rector, conforming as closely as posi-
BILE to the provisions of paragraph 4;
| and to take all steps necessary aud
| advisable to organize the Association
Will Not Stop With 0,G0o Bales, But
| Keep On.
! (b) The Association when organized
shall make every reasonable effort to
secure signatures of additional grow
ers to the Standard Marketing Agree
ment, to cover the largest possible
percentage of the cotton crop of this
| state.
How Warehouse Companies, Etc, May
BE Promoted.
16 (a) After due investigation the
Association may cause warehousing
corporation to be organized in any
community OF district where any such
need is Indicated by written request
of at least 10 members, for the pur-
pose of leasing, purchasing, or con-
structing and operating warehouse or
other plants to handle, test, process,
warehouse or store any or all of the
cotton delivered by members of the
Association or others, which ware
houses shall be under the State Ware
house System wherever possible
Agreement Is Here Accept
ed.
The marketing agreement is here
accepted in terms substantially the
same as those set forth i'm the agree
herewith embodied; or (2) at the op-
ton Of the Board Of Directors, the
subscriber agrees to be bound by the
terms of the following marketing |
agreement.
For such purpose signatures to this
Association contract shall be deemed
to all effects the same as signature
to this said marketing agreement and
and as accepted of each and every
provision thereof and herein, as of
the date Of the exercise of such op-
ton by the Board Of Directors. Notice
thereof shall be mailed to each sub
scriber at his address as noted below.
This Is An Application For Member
ship.
(b) The subscriber here applies for
membership in the Association when
organized and expressly agrees that
his signature to the Association con-
tract and to the marketing agreement,
herewith embodied, and to this appli-