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ward, the prices to be paid by the ultimate consumers; to increase the sale, 

 use, and consumption of tobacco and tobacco products by all possible com- 

 mercial and merchandising methods ; and to use every possible means to improve 

 this supply and to extend and increase the demand for tobacco and tobacco 

 products. 



n. This association shall have and exercise all powers, privileges, and 

 rights authorized by the laws of this State and all powers and rights incident 

 thereto. 



The place where the principal business of Tobacco Growers Cooperative 

 Association will be transacted is Raleigh, Wake County, N. C. 



The term for which the Tobacco Growers Cooperative Association is to exist 

 is twenty (20) years from and after the date of incorporation. 



Tobacco Growers Cooperative Association shall be managed by a board of 

 twenty-five (25) directors. 



The names and residences of those selected to serve for the first year and 

 until their successors shall have been selected and qualified are : 



Name Residence 



J. A. Brown, Cladbourne, Columbus County, N. C. 

 G. A. Norwood, Goldsboro, Wayne County, N. C. 

 J. Y. Joyner, La Grange, Lenoir County, N. C. 

 J. H. Coward, Ayden, Pitt County, N. C. 

 J. V. Cobb, Pinetops, Edgecombe County, N. C. 

 S. F. Austin, Nashville, Nash County, N. C. 

 S. T. Peace, Henderson, Vance County, N. C. 



E. G. Moss, Oxford, Granville County, N. C. 

 R B. Whitley, Wendell, Wake County, N. C. 



uthgate Jones, Durham, Durham County, N. C. 

 J. M. Galloway, Greensboro, Guilford County, N. C. 

 A. L. Bunker, Mount Airy, Surry County, N. C. 

 Claremce Poe, Raleigh, Wake County, N. C. 

 W. R, West, Axton, Henry County, Va. 



F. O. McCormick, Jarra, Pittsylvania County, Va. 



T. C. Watkins, jr., South Boston, Halifax County, Va. 

 N. H. Williams, Chase City, Mecklenburg County, Va. 

 Joseph M. Hurt, Blackstone, Nottoway County, Va. 

 M. O. Wilson, Keysville, Charlotte County, Va. 

 C. W. Wingfield, Naruma, Campbell County, Va. 

 W. S. Garrett, Bula, Goochland County, Va. 

 J. H. Quisenberry, Frederick Hall, Louise County, Va. 

 Bright Williamson, Darlington, Darlington County, S. C. 

 T. B. Young, Florence, Florence County, S. C. 

 E. C. Epps, Kingstree, Williamsburg County, S. C. 



Tobacco Growers Cooperative Association shall not have any capital stock; 

 but shall admit members into the association upon payment of an entrance fee 

 of three dollars ($3.00) and other uniform conditions. 



The voting power of the members of this association shall be equal ; and each 

 member shall have one vote only. 



The property rights and interests of each member shall be equal; and each 

 member shall have one unit of property rights only. 



The private property of the members shall not be subject to the payment 

 of corporate debts ; and no member shall be liable for the debts of the association 

 to any amount exceeding the unpaid balance of his entrance fee. 



In witness whereof, we have hereunto subscribed our names this 9th day of 

 February, 1922. 



J. A. Brown, G. A. Norwood, J. Y. Joyner, J. H. Coward, J. V. Cobb, 

 S. F. Austin, S. T. Peace, E. G. Moss, R. B. Whitley, Southgate 

 Jones, J. M. Galloway, A. L. Bunker, Clarence Poe, W. R. West, 

 F. O. McCormick, T. C. Watkins, jr., N. H. Williams, Jos. M. 

 Hurt, N. O. Wilson, C. N. Wingfield, W. S. Garrett, J. H. 

 Quisenberry, Bright Williamson, T. B. Young, E. C. Epps. 



State of North Carolina, 



County of Wake, ss: 

 Before me, a notary public within and for said county and State, on this 

 9th day of February, 1922, personally appeared J. Y. Joyner, known to me to 

 be one of the identical persons who executed the within and foregoing instru- 



