Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1923-04-11

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health and safety: and
Whereas. the foregoing facts. In
the Judgment Of this legislature, con-
stit ute. an n, EN- within the
Sec. i. In order to promote. foster
and encourage the Intelligent and
orderly marketing Of agriculture!
to eliminate speculation and waste:
and to make the distribution Of agri-
cultural products between producer
and consumer as direct as can be
efficiently done: to stabilize the mar;
to provide for the organization an
incorporation of cooperative mar
keting associations for the marketing
Sec 2. As used in this act.
ucts" includes horticultural. WITH
cultural. forestry. dairy. live stock.
poultry b bee ts sna any fs,%
actual members Of associations with
out capital stock and holders Of COM
mon stock in associations organized
| with capital stock.
any corporation organized under this
"a The term person" includes
individuals. frms. partnerships. cor
/
Associations organized hereunder
shall be deemed ''non-profit." mas
much as they are not organized to
make profit for themselves. as such.
only, for their members as producers,
te) For the purpose of brevity
and convenience this act may be in
dexed. referred to and cited as THE
! Cooperative Marketing Act"
Sec. 8. Eleven or more persons, a
| majority OF whom are residents OF
this state. engaged in the production
of agricultural products. may. form
a non profit: cooperative association.
with or without capital stock. under
the provisions Of this act.
Sec. 4. An association may be
| organized to engage in any activity
in connection with the marketing or
selling of the agricultural products
ing. preserving, drying. processing.
canning. packing, grading, storing.
handling. shipping. or utilization
thereof. or the Manufacturing or
| marketing OF the by-products there
Of: or in connection with the manu-
faTuring. selling or supplying to it's
! members of machinery. equipment or
! supplies: or in the financing of the
| above enumerated activities; or in
any one or more Of the activities
| specified herein;
Provided. however. that nothing
herein contained shall be construed
to authorize corporation organized
| hereunder to transact business in any
try. contrary to the provisions of the
laws of such state. territory or for
eiSn country, and the following cor
| porate purposes shall be exercised
only in states and jurisdictions other
| than Maine, namely. the construction
and operation of railroads, or aiding
in the construction thereof. tcle-
graph or telephone companies and
gas or electrical companies, and sucn
businesses are to be carried on only in
states and Jurisdictions when and
where permissible under the laws
| thereof.
Sec. $. It is here recognized that
agriculture Is characterized by in
1sntnri in to the
characterizes other forms of indust-
rial production: that the public has
an interest In permitting farmers to
bring their industry to the high de-
gree of efficiency and merchandising
skill evidenced in the manufacturing
industries: that it is for the public
interest to prevent migration from
tain farm production and to preserve
the agricultural supply OF the nation:
that the public interest demands that
the farmer be encouraged to attain
marketing, in the substitution of
merchandising for the blind, un-
scientific and speculative selling OF
| crops.
And each association Incorporated
under this act shall have the fol-
lowing powers:
(a) To engage in any activity in
connection with the marketing, sell
ing, preserving. harvesting. drying
processing. manufacturing, canning
or utilization of any agricultural
products produced or delivered to il
by its members. or the manufacture
ing or marketing of the by-products
thereof: or any activity in connection
with the. purchase. hiring or use by
its members of supplies. machinery
or equipment; or In the financing OF
any such activities: or in any one OF
more of the activities specified in this
section. NO association, however
shall handle the Agricultural products
of any non-member, except for stor-
age.
'b) To borrow money withou,
limitation as to amount Of corporate
| Indebtedness or liability: and to
make advance payments and ad-
vances to members.
| Co To act as the agent or rep
resentative of any member or mem
bers in any of the above mentioned
activities.
I'D TO purchase or otherwise ac-
all rights of ownership in: and to
sell. transfer or pledge. or guarantee
the payment of dividends or interest
on, or the retirement or redemption
bonds of any corporation or associa-
ton engaged in any related activity
or in the. warehousing or handling
or marketing of any of the product.
handled by the association.
(e) To establish reserves and to
invest the funds thereof in bonds OF
in such other property as may be
provided in the bylaws.
privileges of ownership over such
real or personal property as may be
necessary or convenient for the con-
duct and operation of any of the bust
ness of the, association. or business
incidental thereto.
(sl 70 establish. secure: own and
develop patents. trademarks. trade
names and copy-rishts:
| (h) To do each and every thing
necessary. suitable or proper for the
accomplishment of any one of the
purposes or the attainment of any
one or more of the objects enumer-
the interest or benefit OF the asso-
citation; and to contract accordingly;
to exercise and possess all powers
rights and privileges necessary, or
the association is organized or to the
activities in which it is engaged and
in addition, any other rights. powers,
and privileges granted by the laws
| OF tHlS state 10 corporations CFEH =
lied under the general laws Of this
state. except such as are inconsistent
| with the express provisions OF this
act: and do any such thing any
where
| Sec. s. (a) Under the terms and
conditions prescribed in the bylaws
| adopted by it an association may
admit as members Cor issue common
stock to-. only cooperative market
ing associations or persons engaged
in the production of the agricultural
| nrnilIGt q he h ndled hN Or Ii