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

| unueT tuis acl snail prepare anu SUD-
init to its annual meeting an annual
report containing the name of the as
ISOLATION. It's principal place OF busi-
ness; a general statement of It's BUSH
showing the amount of capital stock
paid for and the number Of stockhold-
ers. II stock association, or the num-
Der Of members and amount of men,
association: the total expenses Of oper-
atom. the amount OF its Indebtedness
or liabilities. and it's balance sheets.
Sec. Fl, Any provisions OF law
be construed as not applying to the
associations herein provided for.
Any exemptions whatsoever under
any and all existing laws applying to
or under the control OF the individual
producer. shall apply similarly and
completely to such products delivered
by its farmer members. IN Tie posses
citation.
Sec. 90. No person. firm, corporation
| or association. hereafter organized or
hereafter undertaking to do business in
this state, as a farmers marketing as
ISOLATION for the sale Of farm products.
shall be entitled to use the word Co
operative" as part Of its corporate or
had complied with the provisiony Of
| this act.
Sec. %. An association may organ
lie. form, operate, own, control, nave
an interest in, own stock Of or be
member OF any other corporation or
corporations, with CT without capital
stock. and engaged in preserving. dry
ing. processing. canning. packing, stor-
Ing, handling, shipping. utilizing, man
ufacturing. marketing or selling the ag-
! ricultural products handled by the as
ISOLATION, or hy-products thereof.
II such corporations are warehouslng
| corporations, they may issue legal
warehouse receipts OF the association
against the commodities delivered and
such legal warehouse receipts shall be
considered as adequate collateral 70
the extent Of the usual and current
value of the commodity represented
thereby. In case such warehouse is
| licensed, or licensed and bonded under
the United States. it's warehouse re-
ceipt delivered to the association on
commodities OF the association or its
members. or delivered by the associa-
lcnged or Disseminated against because
of ownership or control. wholly or in
part by the association.
| Sec. "a. Any association may, upon
| resolution adopted by it's board of di-
r6ctors, enter into all necessary and
| proper contracts and agreements ana
make all necessary and proper stipu-
! lations. agreements, contracts and ar
rangemcnts with any other cooperative
corporation. association or associations,
| formed in this or in any other state,
for the cooperative and more econom-
zeal carrying on OF its business or any
part or parts thereof. Any two or more
associations may. by agreement. unite
in employing and using or may sepa-
rately employ and use the same per-
sonnet, methods. means and agencies
for carrying on and conducting their
respective businesses.
Sec. %. Any corporation or associs-
ton heretofore or hereafter organized
under generally similar laws of another
\ ct at oh no n AZ
proper activities. operations and func-
tions in this state upon compliance
with the general regulations applicable
to foreign corporations desiring to do
business in this state, and all contracts
which could be made by any associa-
tion Incorporated hereunder. made by
or with such association shall be legal
and valid and enforcible in this state
with all of the remedies set forth in
this act.
Sec. &c. ANY corporation or associa-
ton, organized under previously exist
ing statutes. may. by majority vote
of its stockholders or members, be
brought under the provisions of this
act by limiting its membership and
vded herein 1t shall make out in du-
picate statement signed and sworn
10 by its directors to the effect that
the corporation or ASSOCIATION ion has, by
accept the benefits and be bound by
the provisions of this act and has
authorized all changes accordingly
Articles OF Incorporation shall be
filed as required in section seven
hereof. except that the shall be
signed by the members OF the then
board of directors. The filing fee
shall be the same as for filing an
amendment to certificate of orGan-
cation.
When any association shall be
hereafter incorporated under this
heretofore made,
by or on behalf OF same. by the pro-
motors thereof, in anticipation or
such associations becoming incor-
porated under the laws Of this state.
whether such contracts be made by
or in the name of some corporation
organized elsewhere or otherwise, and
entered into subsequent to the
passage. of this act. are hereby
validated as if made after the pass
age of this act.
any corporation whose officers or
employees knowingly induce or at
tempt to induce any member or
nzsS of drgans 1r
under similar statutes of other states.
with similar restrictions and rights
and operating in this state under due
authority. to breach his marketing
maliciously and knowingly spread
false reports about the finances or
sha bs s or 81 setvtX thspso1
and be subject to fine of not less
than one hundred dollars and not
more than one thousand dollars for
each such offense: and shall be liable
to the association aggrieved in.
civil suit in the penal sum OF i've
hundred dollars for each such Of
! Tense.
See IS. Any person. firm or cor
poration conducting a warehouse
within this state who solicits or per-
suades or. knowingly permits any
member OF any. association organized
| hereunder to breach his marketing
contract with the association by ac-
cepting or receiving such members
products for sale or for auction or
for display for sale. contrary to the
| terms OF any marketing agreement
of which said person or any member
of the said firm or any active officer
or manager OF the said corporation
liable to the association aggrieved
in civil suit in the penal sum Of
FIVE hundred dollars for each such
| cffense: and such association may
| apply to the supreme judicial court
for an injunction against such ware
| houseman to prevent further breaches
and a multiplicity OF actions thereon.
In addition said Warehouseman shall
pay to the. association reasonable
attorneys fee and all costs involved
in any such litigation or proceeding
| at law.
This section Is enacted in order to
| give marketing associations an ade-
ouate remedy in the courts against
cooperative contracts.
Sec. %. No association organized
| hereunder and complying with the
terms hereof shall be deemed to be
restraint OF trade or an illegal
| monopoly or an attempt to lessen