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" First, that no member of the association is allowed more than one vote because of the amount of stock or membership capital he may own therein; and second, that the association does not pay dividends on stock or membership capital in excess of 8 per centum... "
Fishery Credit Act: Hearings...on H.R. 6039 and 7309, June 29, July 16, 1937 - Page 41
by United States. Congress. House. Merchant Marine and Fisheries - 1937 - 91 pages
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Farm Credit Act of 1935, Hearing Before ..., 74-1 on H.R. 4512 ..., Parts 12-13

United States. Congress. House. Committee on Agriculture - 1935 - 100 pages
...thereof as such producers or purchasers and conform to one or both of the following requirements: "Firs'. That no member of the association is allowed more...of stock or membership capital he may own therein ; and " Second. That the association does not pay dividends on stock or membership capital In excess...
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Hearing Before the Committee on Agriculture, House of Representatives ...

United States. Congress. House. Committee on Agriculture - Agriculture and state - 1935 - 102 pages
...as such producers or purchasers and conform to one or both of the following requirements : "Firs'. That no member of the association is allowed more...of stock or membership capital he may own therein ; and " Second. That the association does not pay dividends on stock or membership capital in excess...
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Laws Applicable to the United States Department of Agriculture, 1935 ...

United States - Agricultural laws and legislation - 1936 - 684 pages
...associations are operated for the mutual benefit of the members thereof as such producers or purchasers and conform to one or both of the following requirements...of stock or membership capital he may own therein ; and Second. That the association does not pay dividends on stock or membership capital in excess...
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Report of the Federal Trade Commission on the Sale and Distribution of Milk ...

United States. Federal Trade Commission - 1935 - 916 pages
...associations are operated for the mutual benefit of the members thereof as such producers or purchasers and conform to one or both of the following requirements...of stock or membership capital he may own therein ; and Second. That the association does not pay dividends on stock or membership capital in excess...
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Quarterly Bulletin of Department of Agriculture, Volumes 33-34

Agriculture - 1923 - 1186 pages
...handled by it for members; and (c) must comply with one or both of the following requirements : (1) That no member of the association is allowed more...stock or membership capital he may own therein, or (2) that the association does not pay dividends on stock of membership capital in excess of 8 per centum...
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To Establish Consumers' Administration and Cooperation Bank: Hearings Before ...

United States. Congress. House. Banking and Currency Committee - 1936 - 70 pages
...thereof as consumers and conform to the following requirements: First. That no member of the society is allowed more than one vote because of the amount...of stock or membership capital he may own therein ; Second. That no member of the society is allowed to cast his vote by proxy ; Third. That membership...
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Interstate Commerce Commission Reports: Motor carrier cases, Volume 130

United States. Interstate Commerce Commission - Bus lines - 1977 - 948 pages
...\uilt pcoduiers or pure/lasers and conform to one or both of the following requirements: Fir\i. rhat no member of the association is allowed more than one vote because of the am, unit of Moik or membership capital he may own therein: anil Second. That the association does not...
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Bulletin, Issues 10-20

Agricultural credit - 1937 - 1220 pages
...requirement that dividends on stock must be limited to 8 percent per annum or that no member may be allowed more than one vote because of the amount of stock or member capital he may own, has the effect of emphasizing that in producers' cooperatives the members...
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Definition of a Cooperative Association: Hearing July 21, 1939

United States. Congress. Senate. Committee on Agriculture and Forestry - Agricultural cooperative credit associations - 1939 - 86 pages
...producers or purchasers : "(2) such association conforms to one or both of the following requirements: (A) That no member of the association is allowed more...of stock or membership capital he may own therein; and (B) that the association docs not pay dividends on stock or membership capital in excess of 8 per...
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Definition of a Cooperative Association: Hearing Before a Subcommittee of ...

United States. Congress. Senate. Committee on Agriculture and Forestry - Agricultural cooperative credit associations - 1939 - 276 pages
...bill but in hearings before this committee running back a great many years you will find that "(A) That no member of the association is allowed more than one vote" is one of the fundamental things of a cooperative institution. In Ireland, where the cooperative movement...
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