44 BULLETIN 1095, U. S. DEPAETMEXT OF AGEICULTTCEE. 



Sec. 4. At the end of each fiscal year each member shall receive a certificate 

 for the amount of money which he has contributed that year to the special 

 loan fund levied on his products. These assessments shall continue from year 

 to year, and out of the proceeds arising therefrom the holders of certificates 

 shall be paid the amounts due them, and this process of repayment shall con- 

 tinue duririg the life of the association. 



Article XI^'. — Refunds and Damages. 



SECTio:sr 1. After the season's expenses are paid and a suitable sum, to be 

 determined by the board of directors, set aside for depreciation and reserves, 

 the balance of the season's returns of savings on products shall be divided 

 among members and nonmember patrons, if any, in proportion to the value of 

 their products sold or handled by the association for them. 



Sec 2. Ajiy member who fails to live up to his agreement, or fails or refuses 

 to deliver his products to the association for sale in accordance with said 



agreement shall pay to the association as liquidated damages the sum of — ■. 



for each of not delivered by him to compensate the association for 



the loss sustained by the breach and to enable it to meet and equitably dis- 

 tribute overhead and maintenance expenses involved in the operation of the 

 association and in providing and maintaining facilities for the handling and 

 marketing of tlie products of its members ; said sum may be deducted from 

 any money due the member in the possession of the association. 



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