SELLING AGENCIES 181 



can buy or sell, do business legally, and the directors 

 become responsible for the business of the concern. 

 Claims can be filed against them or they can file claims 

 against others the same as individuals. They have power 

 and authority to contract with other companies such as 

 railroads or boat lines, to request hearings before state 

 railway commissions, or even the Interstate Commerce 

 Commission. It also gives the individual a right to file 

 proceedings against the organization. In this way the 

 exchange is given the dignity, reality and recognition of 

 which no mutual contract or any kind of an agreement 

 other than the incorporated method can be a success. 



Incorporating. The details of incorporating, of 

 course, differ in different states and vary according to 

 the needs and requirements of the producing sections 

 in which it is formed, but certain articles of incorpora- 

 tion must be made up and filed with the Secretary of 

 the State and, in these articles of incorporation, the state 

 usually requires certain stereotyped information. 



In most states the articles of incorporation would have 

 to include the following information: (1) The name of 

 the organization; this to become the legal title of the 

 exchange and it would then be known under that title. 

 (2) The object of the organization; what it proposes to 

 do and the purpose for which it exists. (3) The prin- 

 cipal place of business ; this is usually where the central 

 or head office is located. It does not necessarily have to 

 be in the close proximity of the fruit-producing section. 

 (4) The term of existence of the organization. This 

 may be 10, 25, 50 or 100 years, according to the wishes 

 of the organizers. (5) The capital stock, both the com- 

 mon and the preferred. Of course, if it is a non-profit 



