COOPERATIVE CITRUS-FRUIT MARKETING AGENCY. 51 
The Exchange is instituted for the purpose of mutual help in the accomplishment 
of each of the purposes above set forth. It shall not have a capital stock and it 
shall not be conducted for profit. 
Third. — That the place where the principal business of said Exchange will be 
transacted is the City of Los Angeles, County of Los Angeles, State of California. 
Fourth. — That the term for which said Exchange is to exist is fifty (50) years 
from and after the date of its original incorporation, to wit, from and after the 25th of 
March. 1905. 
Fifth. — That the number of directors of said Exchange upon its original incor- 
poration was thirteen (13 : that by proceedings duly and regularly taken subsequent 
to its incorporation and prior to the present time, the number of its directors has been 
from time to time increased until the number of its directors at this time is seven- 
teen (17); that the names and residences of its present directors and who shall 
act as such until their successors shall have been elected and shall have accepted 
office, are; 
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Sixth. — That the voting power and the property rishts and interest of each 
member shall be equal. This Exchange shall have power to admit new members 
who shall be entitled to vote and to share in the property of the Exchange with the 
old members in accordance with the rule stated in this subdivision. 
Seventh. — This Exchange shall issue a certificate of membership to each member 
but neither said membership nor said certificate thereof shall be assigned by a 
member to any other person or corporation, nor shall the assignee or transferee 
thereof be entitled to membership in this Exchange or to any property rights or 
interest therein, nor shall a purchaser at execution sale, or any other person who 
may succeed, by operation of law or otherwise to the property interests of a member, 
be entitled to membership, or become a member of this Exchange by virtue of such 
transfer. 
The board of directors of this Exchange may. however, by motion duly adopted 
by it, consent to such assignment or transfer and to the acceptance of the assignee 
or transferee as a member of this Exchange, but this Exchange shall have the right, 
by its by-laws, to provide for or against the transfer of membership and for or against 
the assignment of membership certificates, and also the terms and conditions upon 
which, if at all. any such transfer or assignment shall be allowed. 
IN WITNESS WHEREOF each of said persons has hereunto subscribed his name 
and seal, all done this 21st dav of June, 1916. 
* * * * * * * 
Filed June 23, 1916, with Secretary of State of California 
BY-LAWS OF CALIFORNIA FRUIT GROWERS EXCHANGE. 
KNOW ALL MEN BY THESE PRESENTS: 
That we, the undersigned, together constituting and being all of the members, 
directors and Secretary of California Fruit Growers Exchange, a corporation, do 
hereby adopt the following new code of by-laws: 
Article I. — Former By-Laws Repealed. 
All former by-laws of this Exchange are hereby repealed. 
Article II. — Meeting of Members. 
Section* 1. — Regular Members' Meeting — A regular annual meeting of the members 
shall be held at the office of the Exchange at two o'clock, p. m., on the second Wed- 
nesday in September of each year for the purpose of electing a board of directors 
and transacting such other business as may come before the meeting. 
Section 2.—, Special Members' Meetings. — Except in those instances where a par- 
ticular manner of calling a meeting of the members is prescribed by the law or else- 
where in the by-laws of this Exchange, a special meeting of the members may be 
called at any time by the President, or by the vote of a majority of the board of 
directors, or* by one-third of the members. Each call for a special meeting oi the 
members shall' state the time, the place, and the purpose of such meeting; if made 
by the board of directors it shall be by resolution duly adopted and entered in the 
minutes: if made by the President or'by members it shall be in writing, signed by 
the person or persons making the same, and unless the office of the Secretary be 
vacant, delivered to the Secretary. No business shall be transacted at a special 
meeting other than such as is included in the purposes stated in the call. 
