The Hartford herald. [volume] (Hartford, Ky.) 1875-1926, 1922-01-11
MARKETING BILLS
SCOPE IS BROAD
Bingham Cooperative Act Car
ries Many Provisions to
4t Aid Farmers

operative Marketing Bill, Style'
THE Bingham Cooperative Mar
.keting Act was unanimously pass
ed by the State Senate last Thurs
day and will probably come up fol
a final vote in the House on Tues
day, the 9TH, inst.< 1t appears
practically certain that the lower
House will adopt the bill by sub
stantial majority.
Allows Farmers to Organize
The bill would authorize "the
formation of nonprofit, cooperative
associations, with or without CAPT.
tai stocks, for the purpose of en-
'couraging the orderly marketing OF
agricultural products through CO.
operation" The first association
to be formed under the bill, when
its provisions become effective, will
be, of course, the Burley Tobacco
Cooperative Marketing Association
consisting of $4,000 farmers.
Synopsis of Bill
A synopsis of features of the
bill follows:
Authorizes the formation of non
profit, coS operative associations
with or without capital stock, for
the purpose of encouraging the or
derly marketing of agricultural
products through cooperation.
Defines the varius terms used
therein.
Enumerates the activities and
powers of such an association.
Prescribes the rights and privi-
leges of membership.
Provides for articles of incorpora-
tion, declaring what they shall con-
tain, manner of executing and i'll
ing; method of amending same.
Provides for bylaws and what
they may contain.
Provides for method of election of
directors. filling of vacancies: pow
ers and duties Of directors; division
into electing districts; appointment
of executive committees and allot-
ment Of functions and powers,
Provides for officers. qualifica-
tions, election and functions; regu-
lating assurance of membership
certificates or stock and payment
therfor.
Limits personal liability of mem
bers for debts of association.
Regulates voting power of mem
bers and stockholders.
Authorizes issuance of preferred
stock, with or without right to vote;
and retirement thereof.
Provides for removal Of officers
and directors.
Provides for referendum to mem
bers.
Provides for marketing con-
tract: and prescribing remedies for
breach of contract. including liquid
ated damages. fees and all costs.
Authorizes injunction and general
equitable remedies in the event of
breach of agreement.
States presumption of control Of
products by landlords who have
'igned marketing agreements. :,
Provides for annual reports. :,
Provides that no provision of
aw in conflict with this act shall be
as applying to such asso-
'iation.
Limits the use of the word Co
operative" in names for producers
cooperative marketing activities;
md prescribes penalty for violat- 5
ng such inhibition.
Permits associations to organize
'ther corporations or to own stock /,
n other corporations. 4
Provides for agreements with
ther cooperative associations in
his or other States and states the
urposes or reasons therefor.
Provides that associations hereto {
ore organized may reorganize here q
nder. r
Makes II a misdemeanor to In 1
uce a member to breach his mar v
citing contract with the associa- a
lon. or spread false reports about 1
and prescribing fine for each 1
ffense. a
Makes such offender liable to the u
ssociation for a prescribed penalty b
herefor in civil suit. n
Provides liability to the associa- q
ION in a penal sum in certain. cases "
'r any person who knowingly solic- W
., persuades or permits any men, e
or Of the association to breach his D
larketing contract. b
Authorizes an injunction against ri