TWENTY-FIRST ANNUAL YEAR BOOK— PART VII 557 



I will not take the time to read article 16, which provides for 

 the accounting and auditing of the affairs of the association. 



Article 17 provides for amendments. 



Now, of course, you can not put a scheme of that sort across 

 without an agreement, a definite and legally binding agreement, 

 and here is the agreement suggested by the committee : 



This agreement, made and entered into at , on the 



(lay of , A. D. 192—, between the Corn Belt Cattle 



Feeders' Co-operative Association, a co-operative organization 



incorporated under the laws of the state of , and having 



its principal place of business at Chicago, Illinois, (hereinafter 

 called the association), and , a member of said associa- 

 tion, of , in the county of and state of , 



(hereinafter called the producer) ; 



Witnesseth, that for and in consideration of the outlays 

 incurred and to be incurred by the association in securing infor- 

 mation of the production and consumption of fed cattle and their 

 products, gathering data of supplies and market demand, as well 

 as of the movement and prices of such cattle, in providing agen- 

 cies and facilities for the purchase of feeding cattle, including 

 the expense to which it has been put in studying market condi- 

 tions and in developing new methods of distribution, and in fur- 

 ther consideration of the mutual obligations of the respective 

 parties hereto, it is hereby agreed as follows: 



1. That the producer appoints the association his agent for 

 the purpose of purchasing his stocker and feeder cattle whenever 

 such cattle are purchased at public markets at which the asso- 

 ciation maintains a purchasing agency. 



2. That the producer will prepare his cattle for market un- 

 der the direction and advice of the association to the extent of 

 distributing his production of different kinds and classes over 

 different months as he may be instructed to do by the asso- 

 ciation. 



3. That the producer will furnish the association with full and 

 complete information as to his current and proposed operations 

 in such form and at such times as the association may require. 



4. That the producer, in advance of starting any cattle on feed, 

 will notify the association of his intention so to do, together with 

 full information as to his proposed operation. 



5. That the producer will change his plans of activities upon 

 the advice of the association as the latter may decide that pro- 

 duction for any given period promises to be excessive or de- 

 ficient. 



6. That the producer, having himself set or having agreed 

 to determined months in which he will have ready for market 

 specific lots of cattle, agrees to forward such cattle to market 

 on such days of said months as the association shall direct. 



