The Laws of Texas, 1929-1931 [Volume 27] Page: 24 of 1,943
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12 GENERAL LAWS.
public necessity that the constitutional rule requiring bills to be
read oh three several days in each House be suspended, and said
rule is hereby suspended and this Act shall take effect from and
after its passage, and it is so enacted.
[NoTE.-S. B. No. 87 passed the Senate 21 yeas, 0 nays;
passed the House 103 yeas, 1 nay.]
Approved February 17, 1930.
Effective February 17, 1930.
COOPERATIVE MARKETING LAW AMENDED.
S. B. No. 84.] CHAPTER 12.
An Act amending Articles 5738, 5739, 5742, 5743, 5746, 5748 and 5763
of the Revised Civil Statutes of 1925, relating to co-operative marketing
associations, said articles being a portion of what is commonly
known as the Co-operative Marketing Act of Texas; declaring that if
any section, article or provision of said Co-operative Marketing Act
or this Act shall be declared to be unconstitutional or invalid for any
reason the remainder of the same shall, nevertheless, be in force and
effect; and declaring an emergency. '
Be it enacted by the Legislature of the State of Texas:
SECTION 1. Article 5738 of the Revised Civil Statutes of
1925 is hereby amended so as to read as follows:
Article 5738. Definitions.
(a) The term "Agricultural
products" shall include horticultural, viticultural, forestry,
dairy, livestock, poultry, bee and any farm and ranch products;
(b) the term "member" shall include actual members of associations
without capital stock and holders of common stock in
associations organized with capital stock; (c) the term "association"
means any corporation organized under this Act or any
association organized under the co-operative acts of any other
state of the United States, provided such foreign association is
composed of persons engaged in the production of agricultural
products as farmers, planters, ranchmen, dairymen, nut or fruit
growers, acting together in associations, corporate or otherwise,
with or without capital stock, in collectively processing, preparing
for market, handling, and marketing in interstate and foreign
commerce, such products of persons so engaged; provided
further that such associations are operated for the mutual benefit
of the members thereof, as such producers, and conform to
one or both of the following requirements:
(1) 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, or
(2) That the association does not pay dividends on stock or
membership capital in excess of eight per centum per annum,
and in any case to the following:
(3) That the association shall not deal in the products of
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Gammel, Hans Peter Mareus Neilsen. The Laws of Texas, 1929-1931 [Volume 27], book, 1931; Austin, Texas. (texashistory.unt.edu/ark:/67531/metapth16362/m1/24/: accessed June 25, 2017), University of North Texas Libraries, The Portal to Texas History, texashistory.unt.edu; .