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Page 4 - That the labor of a human being is not a commodity or article of commerce. Nothing contained in the antitrust laws shall be construed to forbid the existence and operation of labor, agricultural, or horticultural organizations, instituted for the purposes of mutual help, and not having capital stock or conducted for profit, or to forbid or restrain individual members of such organizations from lawfully carrying out the legitimate objects thereof; nor shall such organizations, or the members thereof,...
Page 19 - ... absent members may, under rules prescribed in the by-laws, be permitted to vote on specific questions by ballots transmitted to the secretary, or other proper officer of the association, by registered mail ; and such ballots to be counted only in the meeting at the time at which such vote is taken.
Page 20 - No member shall be liable to the association for any contract, debt or engagement arising out of any specific transaction between the association and any member or members thereof in which he does not participate unless and until the association shall have exhausted every legal recourse and failed to enforce satisfaction from the member or members participating therein. In...
Page 20 - Each member shall be responsible, as his original liability, for his per capita share of all contracts, debts and engagements of the association existing at the time he becomes a member and created during his membership...
Page 20 - These by-laws may be amended by a two-thirds vote of the members present at any annual meeting...
Page 16 - The board of directors shall require the manager and all other officers, agents, and employees charged by the association with responsibility for the custody of any of its funds or property to give adequate bonds.
Page 16 - The secretary shall keep a complete record of all meetings of the association and of the board of directors and shall have general charge and supervision of the books and records of the association.
Page 14 - ... to buy supplies in a cooperative way; to rent, buy, build, own, sell and control such buildings and other real and personal property as may be needed in the business; to cultivate the cooperative spirit in the community and to perform any other work which may tend to the betterment of the members and the uplift of the neighborhood. NOTE—Make the objects as definite as possible, but it is also well to include a "blanket...
Page 15 - If directors are not required to be appointed for all of the terms beginning the next succeeding January 1, in order to reduce the number of elected directors to six, the Farm Credit Administration shall designate the terms to be filled by appointment or election. "(d) Any vacancy in the Board of Directors shall be filled for the unexpired term in the same manner, by appointment or election, in which the vacant office was filled. Each director elected or appointed for a district shall have been a...