SELLING AGENCIES 181 
ean 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 
