558 IOWA DEPARTMENT OF AGRICULTURE 



7. That whenever the association in regular or special meet- 

 ing shall decide, and this decision shall have been ratified by 

 a majority of all the members of the association at a special 

 referendum, to set up selling agencies of its own to sell cattle at 

 the central markets or elsewhere, and shall have done so, the 

 producer shall appoint and hereby does appoint such selling 

 agency as his sole agent in marketing his cattle; provided, that 

 until such selling agencies are established, the producer shall be 

 free to select his own selling agency. 



8. That the producer will pay the association its regular 

 charge, which shall be a fixed amount per head on all cattle fed, 

 as determined by the board of directors of the association, and 

 which shall be sufficient to pay all expenses of rendering such 

 services, but shall not exceed twenty cents per head; and the 

 producer hereby authorizes and directs his selling agency or com- 

 mission firm which sells or shall sell his cattle to pay the charge 

 out of the proceeds of such sales. 



9. That the producer shall give his promissory note for one 

 hundred dollars, without interest, payable to the association on 

 demand, which shall be a guarantee that he will fulfill the terms 

 of this contract; that in the event that the producer wilfully neg- 

 lects, fails or refuses to carry out the terms of this contract, and 

 after written notice from the association shall continue to neglect, 

 fail or refuse so to do, then the association may proceed to col- 

 lect the amount of said note, and such collection is hereby author- 

 ized by the producer and the said amount is hereby recognized by 

 him as due the association as liquidated damages for his failure 

 to fulfill the terms of this contract. 



10. That either party may cancel this contract on the 1st 

 day of December of any year after January 1, 1922, by giving no- 

 tice in writing to the other party at least thirty days prior to said 

 December 1. Upon such notice, the producer shall pay all indebt- 

 edness of any kind due by him to the association, and shall de- 

 liver his copy of this contract to the association by mailing it to 

 the head office of the association, and the same shall there be 

 canceled. Upon the cancellation of said contract, the association 

 shall return to the producer his guarantee note. 



11. This contract remains in effect indefinitely unless can- 

 celed as provided in Section 10 of this contract. 



12. This contract shall not go into effect until similar con- 

 tracts have been signed by at least other producers. 



In witness whereof, the said parties have executed this con- 

 tract in duplicate this day of , A. D. 192' — . 



The Corn Belt Cattle Feeders' Co-operative Association. 



By 



Producer. 



