The Hartford herald. [volume] (Hartford, Ky.) 1875-1926, 1922-03-29


trict and period Of delivery.
The Association agrees to accept
drafts drawn against It by the grow
er for any amount specified and de-
termined by It, upon delivery Of to-
bacco hereunder; and to assist the
grower to discount such drafts, Sc
cured by the warehouse receipt,
through the most advantageous
banking system.
Offices or Plants
10. The Association may estab-
lish selling Offices, warehouses.
plants, marketing, statistical or 9TH
er agencies in any place.
You Can Stop Growing Tobacco
IL. The grower shall have the
right to stop growing tobacco and
to grow anything else at any time
at his free discretion; but If he pro-
duces any tobacco, or acquires or
owns any interest in any tobacco, as
landlord or lessor, during the term
hereof, 1t shall all be included under
the terms Of this agreement and
must be sold only to the Association.
You Do Not Have to Deliver Any
Particular Amount
IL. Nothing in this agreement
shall be interpreted as compelling
the grower to deliver any specified
quantity of tobacco each year; but
he shall deliver all the tobacco pro-
duced by or for him.
You Deliver All the Tobacco You
Raise or Control
10. (a) This agreement shall be
binding upon the grower as long as
he produces tobacco directly or in
directly, or has the legal right to
exercise control of any commercial
tobacco or any interest therein as a
producer or landlord during the
term of this contract.
(b) If this agreement is signed by
the members of co-partnership, 1t
shall apply to them and each OF
them individually in the event OF
the said o-partnership; and to their
the dissolution or termination of the
proportionate interests therein under
any circumstances.
(c) The grower agrees that no
member of his family or his tenants
have any control or interest in his
may determine conclusively.
Growers Get Credit For All Deduc-
lions To Retire Stock.
(k) AS the preferred stock is re-
tired the association will calculate
the value of the contribution from
each growers tobacco toward such
retirement and toward payment of
dividends; and the corporation will
credit and issue from time to time to
each such member common stock in
an equivalent amount, at the book
value thereof, as conclusively estab-
lished by the directors of the asso-
citation, as soon as the aggregate
deductions equal the book value of
one or more shares.
Marketing Agreement Is Here
Accepted
IT. (a) The subscriber agrees to
be bound by the terms of the follow
ing Marketing Agreement.
For such purpose. signature to
this Association Contract shall be
deemed to all effects the same as
signature to the said Marketing
Agreement and as acceptance by the
Board of Directors of the Associa-
ton, as of the date of mailing notice
thereof to the subscriber. at his ad-
dress as noted below.
Application for Membership
(b) The subscriber here applies
for membership in the Association,
when organized, and expressly
agrees that his signature to this AS
ISOLATION Contract and to the Mar
keting Agreement, herewith en-
bodies, and to this application for
membership, shall be irrevocable,
except as provided in paragraph
thirteen; and that he so agrees in
order to induce other growers to
sign this agreement for his benefit
as well as their own general benefit
and the public welfare.
(c) Acceptance OF this application
for membership and of the Market
ing Agreement. shall be deemed con-
elusive upon the mailing of the no.
tice by the Association; and such
mailing and notice shall be conclu-
sively established by the affidavit OF