Richmond daily register. (Richmond, Madison County, Ky.) 1917-1978, 1922-01-12
WHAT The MARKETING
ACT PROVIDES FOR

fFaukiOrt, Ny. an. lZ-BN .
vote to 81 to 0. the Kentucky
/ House OF Representatives passe,
the Bingham cooperative mar
keting act, creating a new leg.sl;
! tive record in regard to the tim,
required to pass a bill through
both houses. The Bingham ac'
passed the Senate unanimously
last Thursday. the vote being 3,
to o.
( Twelve other states - Texas
\rkansaS. Arizona. North Carroll
ma. South Carolina, Georgia. Ma
bama. Washington. Idaho. Mon.
tana. North Dakota and KanSa.
have similar laws. California anC
I New Mexico have adopted tn,
principle OF cooperative market
ing in their laws and Oregon anC
wisconsin have taken section.
4 from some of these laws ant
made them into law
Judge Bingham drew the Ken.
lucky act, assisted by Aaron Sa.
piro. California marketing geniu
and LAWYER. and the House pas,
cd the Senate bill in the time re
puired for a roll call after tn,
Californian had concluded :;
speech explaining the measure I,
the House in committee OF tn
whole.
The purpose OF the act i dccla
al 10 be TO eliminate speculatio'
and waste and encourage the IL
tclligent and orderly marketin
Ioi agricultural products" 1t ap
piled to al kinds OF agriculture
products and is not confined
the producers of hurley tobacc,
Twenty or more agriculture
producers NAV form a cooper:
tive association without capita
stock for the purpose of handlin
. ,hcir own products un a nun-pro
/, TT. non-speculative basis. enable
/ temperatures to borrow monel
4 init, membership to actual pro
Guccrs and defines the procedur,
= 81 organization.
? The acts limits the amount
stock with the voting privileg,
that may be held by any on
member So - To prevent central
;zcd control oi any such associa
ton and limits the liability
members OF such an association
to practically the same basi, a
ordinary Stockholders liability.
Specific remedies are provide
Ter breach Of contract by an.
member, providing Tor injunc
tons and liquidatcd damages. Pc
10 esion i given for one class O
cu-operatiyes to unite with an
other. should it be found dcSira
be for the purpose OF greater ct
iciency and increased service.
! Fraud on the part OF specula
tive buyers. who might pretenC
ITO organize cooperative associa
tons. IS prevented by prohibiting
the use OF the word ''co-opera-
tive" BY any association not OF.
ganizcd under the provisions OF
the law
! The law makes it a misdemean
or to spread false reports about
ICu-opcrative associations and pre-
/ vides for the recovery OF DANA
/ Ses from those who may per
suade growers To break their con
tracts with the associations.
ANNUAL reports OF the bushes
OF such association, are require
to be made to the College OF Ag
riculture ON ferns prepared ~
/ the dean OF that college.
Fines of 500 to $1,000 arc pro
vided for persons who may III
duce growers To breach thei'
contract. together with civil liza
blitv for damages in the sum o
$500 Tor each oifense.
WarehouSemen who may per
NIT or encourage the delivery O
tobacco or other crops in viola
ton OF the act are liable to dam
ages to the association in the
saem amount. in addition To at
torney's fees and costs.
! Because % the "demoralized
condition OF the farming interests
Of the state" which is declared to
exist. an emergency is declared
and the bill. therefore. becomes a
/ law with the SIGNATURE OF the COY