TWENTY-FIRST ANNUAL YEAR BOOK— PART VII 555 



Article 11 — Membership Fee — Finance. 



Section 1 — The membership fee in this association shall be 

 ten dollars, which shall be used for the purpose of perfecting the 

 organization and for working capital. All future and additional 

 revenue shall be secured by a fixed charge per head upon cattle 

 fed and marketed by members of the association as determined 

 by the board of directors, but not to exceed twenty cents per 

 head, and by fixed charges per unit or per cent on feeding cattle 

 and other supplies purchased for members. 



Section 2 — The operations of the association shall be carried 

 on as nearly as possible on a non-profit basis; such surplus as 

 may be accumulated shall be added to the working capital of 

 the association until the same shall have reached the sum of fifty 

 thousand dollars. Thereafter the charge per head shall be re- 

 duced until it no more than pays operating expenses from year 

 to year; in years when receipts are in excess of this amount, such 

 excess shall be placed in a special surplus fund and used for the 

 payment of deficits of other years. 



Article 12 — Contracts and Agreements. 



Section 1 — Each member shall enter into a written contract 

 with this associat on in such form as the board of directors shall 

 require, subject to the following conditions: 



(a) Such contracts shall run continuously unless canceled by 

 either party according to the terms thereof. 



(b) Each member shall agree to furnish the association all re- 

 quired information as to his feeding activities, actual or pro- 

 posed, such as numbers on feed, kind, weight, proposed term of 

 feeding, expected date of marketing, etc. 



(c) Each member shall appoint the association his agent to 

 • purchase or have purchased for him all feeding cattle in so far 



as these are purchased at the central markets, or elsewhere, 

 where the association maintains a purchasing department, and 

 shall agree to pay, the established charges therefor. 



That is, the markets where the association has set up a pur- 

 chasing department. 



(d) Each member agrees to report immediately to the associa- 

 tion all feeding cattle purchased elsewhere, with a description 

 of the kind, weight and price. 



The idea being that the association must have full informa- 

 tion as to what every member is doing, the number of cattle, 

 when he got them, what he is going to do with them, and when 

 he expects to market them, and where. 



(e) Each member agrees to designate specific months in which 

 he will market his cattle, and during such months he agrees to 

 market them on days selected by the association. 



