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WILL COUNTT'S 18M STATE CHAMPIONS WILL TRY TO REPEAT WHEN THE 193S SEASON OF THE ILLINOIS FARM BTTREAX; BASEBALL LEAOTTE 

 opens. The annuftl meeting of the Lea^e will be held at Peoria's Pere Marquette Hotel, Friday, March 29. 



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New Government Order 

 Defines True Co-operative 



Aim To Halt Attempts To Get 

 Around the Law 



THE creation of "make-believe" co- 

 operatives |p get around the law un- 

 der codes of fair competition will be 

 nipped in the bud as a result of a new 

 administrative order defining a legitimate 

 co-operative organization. The new order 

 provides that a true co-operative must: 



1. Be duly organized under the laws of 

 any state, territory or the District of 

 Columbia. 



2. All^t to each member owning one 

 fully paid share or membership one vote 

 and only one in the determination of 

 matters affecting the management of the 

 organization, except as otherwise pro- 

 vided by the law under which such or- 

 ganization is incorporated; provided that 

 a central or regional co-operative asso- 

 ciation, the membership of which is com- 

 posed of co-operative associations, may 

 provide in its by-laws for voting based 

 upon the volume of business done by the 

 members with the central or regional co- 

 operative, or on the number of members 

 in the member association. 



3. Operate on a co-operative basis for 

 the mutual benefit of its members, and 

 all income, after providing for reasonable 

 and adequate surplus and reserves, as 

 determihed by its Board of Directors, and 

 payment of dividends on stock or mem- 

 bership capital of not to exceed eight (8) 

 per centum per annum, cumulative, shall 

 be distributed to members or sharehold- 

 er!; on the basis of patronage at stated 



periods but not more frequently than 

 .<«mi-annually. 



4. Transact business with and for and 

 on behalf of, non-members to an amount 

 not greater in value, during any fiscal 

 year, than the business transacted with 

 and for and on behalf of, members dur- 

 ing the same period. 



5. Permit all members and stockholders 

 to have access to the records for the 

 purpose of determining the salary and 

 compensation paid officers and employees, 

 and that no salaries or commissions are 

 paid except for services actually ren- 

 dered. 



6. Distribute patronage dividends equal- 

 ly to all members, and /or stockholders, 

 who have complied with membership re- 

 quirements, in proportion to their pur- 

 chases, and/or sales; may permit accu- 

 mulation of patronage dividends on non- 

 member business until it equals the value 

 of a share of stock when same shall be 

 issued; does not distribute such dividend 

 in the form of a refund at the time of 

 purchase; and does not evidence any such 

 dividends by any agreement or represen- 

 tation to distribute any definite or speci- 

 fied dividend. 



7. Refuse to allow or permit any or- 

 ganizer or organizers to take more than 

 three per cent of the capital raised as 

 compensation for organization services. 



8. Conduct its affairs in the interests 

 of the members, and no co-operative shall 

 be controlled or managed by any non- 

 co-operative organization or organiza- 

 tions, person or persons to whom any 

 surplus savings or profits or any exces- 

 sive or unreasonable compensation for 

 services, are paid; and shall not by con- 

 tracts, agreements, provisions or by-laws 



Farm Bureau Baseball 



Meeting Peoria, Mar. 29 



Salaries, trades, bonuses and such talk 

 which figures largely in the mid-winter 

 meetings of professional baseball will be 

 taboo wheii the Illinois Farm Bureau 

 Baseball League holds its 11th annual 

 meeting, scheduled tentatively in the 

 Pere Marquette Hotel, Peoria, Friday, 

 March 29, at 10:00 A. M. The Farm Bu- 

 reau League is strictly amateur and the 

 players are out for the fun and recrea- 

 tion in this great American game. 



Twenty -one county teams competed for 

 district and final honors last year and 

 delegates from these counties will deter- 

 mine policies and activities of the organ- 

 ization in 1935. The League is looking 

 ahead to another good season with the 

 expectation of renewed interest in many 

 counties which did not bring out teams 

 during the past year or two. 



So-called "hard baseball" continues to 

 have many enthusiastic supporters de- 

 spite the growing interest in soft ball 

 throughout the state. 



Will County Farm Bureau is buying 

 its state championship team new suits 

 to begin the 1935 season. The Will coun- 

 ty boys have announced their intentions 

 of trying for another state title. 



or articles of incorporation or otherwise 

 be required to buy commodities from a 

 specified non-co-operative concern. 



9. Operate in accordance with the va- 

 rious Codes of Fair Competition for the 

 industries in which they operate and as 

 provided in the Executive Orders above 

 referred to. 



TORP 



MARCH. 1935 



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