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WJIX COUNTY S 1934 STATE CHAMPIONS WILL TRY TO REPEAT WHEN THE 1935 SEASON OF THE ILLINOIS FARM BUREAU BASEBALL LEACUL 

 opens. Thp annual meeting of the League will be held at Peona 5 Fere Maiqueiie Hotel, Fnoay, Mrfr. !i 2ft. 



New Government Order 

 Defines True Co-operative 



Aim To Halt Attempts 

 . Around the Law 



To Get 



THE creation of "make-believe" co- 

 operatives to 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. Allot to each member owning one 

 • fully paid share or nicmbershii) one vote 

 ami only one in the determination of 

 ^ matters atTecting 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 thc_ member association. 



•). Operate on a co-opeiative basis for 

 the mutual benefit of its members, and 

 all income, after providing for reasonable 

 and adequate surplus and reserves, as 

 determined 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- 

 '■>'s on the basis 'of patronage at stated 



periods but not moii' fre<iuently than 

 >K'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 tran.sacted 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. 

 an<i 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- 

 (luirements. 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. 



S. Conduct its alTairs 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 exxes- 

 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 



."^.•|la^le.■^. trades, bonuses and such talk 

 which figures largely in the mid-winter 

 I'leetings of profe.s,-iional baseball will be 

 taboo when the Illinois Farm Bureau 

 Baseball League holds its llth annual 

 meeting, scheduled tentatively In the 

 F^ere Marquette Hotel, Peoria, Friday, 

 March 2it, at 10.00 A. M. The Farm Bu- 

 n-au League is strictly amateur and the 

 players are out for the fun an<i recrea- 

 tion in this great .American game. 



Twenty-one county teams competo<l for 

 district and final honors last year and 

 delegates from thcs^ counties will deter- 

 mine policies and activities of the organ- 

 ization in VX^r>. The League is looking 

 ahead to another good season with the 

 expectation ni renewed interest in many 

 countii- whiih did n'lt bring out teams 

 durinu' 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 slate. 



Will County Farm Bureau is buying 

 its state championship te;iin new suits 

 to begin the I'.CS .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. 



•CORD 



MARCH, l«.^i 



II 



