72 BULLETIN 1106, U. S. DEPARTMENT OF AGRICULTURE. 
Sec. 3. No stock shall be issued or delivered by the association to any sub- 
scriber until he has paid the full price therefor. 
Sec. 4. Transfers of shares will be made upon the books of the association — 
only when the stockholder is free from indebtedness to the association. 
Sec. 5. Whenever any stockholder desires to sell his stock he shall first offer 
it to the association for purchase by it or by a person or persons designated 
by the board of directors of the association at a price to be conclusively de- 
termined by the board of directors. In the event the stock is not purchased by 
the association, or by a person or persons designated as aforesaid, within 30 
days after the receipt of a written notice by the association offering the stock 
for sale, then the stockholder may sell the stock to any person engaged in the 
production of agricultural products. This restriction on the transfer of stock 
shall be printed on every certificate of stock. 
Sec. 6. If any member shall by purchase or by the operation of law come 
into possession of more than ——— shares of the capital stock of this 
association, the board of directors may elect to purchase, and such member 
shall then sell to the association such excess shares at a price to be con- 
clusively determined by the board of directors, plus any dividends or refunds 
due and unpaid. Also, in the event of the death or disability of the owner of 
any shares of stock in this association such shares of stock may be purchased 
by the association and shall, in the event the board of directors elects to purchase 
them, be sold by the legal representatives of such owner to the association at a 
price to be conclusively determined by the board of directors, plus any dividends 
or refunds due and unpaid. 
Note.—The law of the State in which the association is organized 
should be carefully examined to determine the status of sections 
4, 5, and 6 of this article. In general, provision should be made 
for them in the charter in order that they may be legal. 
FORM OF CONTRACT. 
The form of contract which is here given is simply suggestive and 
‘is designed to serve only as a guide in the preparation of a contract 
for use by an association, and, of course, like the form of by-laws, 
should be considered with respect to the law of the State where the 
association is to operate. 
TINE ge es Se ee ee hh ae COOPERATIVE ASSOCIATION. 
STANDARD FORM OF CROP CONTRACT. 
THIS AGREEMENT, made and entered into at ~L-) soe on this 
Shite BIBS FO. BEL Gay”) @£Ulg00971 90) LYE BOO AS pe toak Nhetweenseeme 
ae AR ria iis ME 8 Se Association, formed under the laws of the State of 
LPS 2 ee lah edt aed . having its principal place of business at 
Pr i ee a ALE , in the said State (hereinafter referred to as the 
HSSOCEALION.) } AMG Ct AL. fees ey Et ee , a grower of (fruit and vegetables) of 
Lees ee Ce Mee , county or 220 See Eee SNe take On is or. ie a 
(hereinafter referred to as the grower), witnesseth : 
That for and in consideration of the expenses to be incurred by the associa- 
tion in providing means and facilities for handling, storing, and marketing 
(fruits and vegetables), including the expense of locating, organizing, and es- 
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