126 DEPARTMENT OF AGRICULTURE


engaged in agriculture as bona fide producers of agricultural products;
or inm n one or more of the activities specified herein;
 (2) To borrow money from any source without limitation .s to amount
of corporate indebtedness or liability, with authority to give any kind or
form of obligation or security thlrefor;
 (3) To act as the agent or representative of any person in any of the
above mentioned activities;
 (4) To make loans or advances to members and to their members,
to nionlomlnber patrons, and to nonmember patrons of members, with
authority to accept therefor any kind, form or type of obligation with or
without security, to puricase, endorse, discount, sell or guarantee the pa. -
ment of any note, draft, ]ill of exchange, indenture, bill of sale, mortgage
or other obligation, the proceeds of which have been advanced or used
in the first instance for any of the purposes provided for herein; to dis-
count for or purchase from any association organized under the laws of
any slate, with or without its endorsement, any note, draft, bill of exchange,
indenture, bill of sale, mortgage or other obligation the proceeds of which
are advanced or used in the first instance for carrying on any cooperative
activity authorized in dhis chapter and with authority to dispose of same
with or without endorsement. An association organized under this chapter
and \'rcat'ing any of the powers provided in this paragraph shall not
engage i the business of banking;
 (5) To purchase or otherwise acquire, to hold, own and exercise all
rights of ownership in, and to sell. transfer, pledge or guarantee tie pay-
ment of dividends ir interest on, or tle retirement or rcdemptlon of shares,
of tapi.tl stock, linids or otlher ibhligtions of any corporation or associa-
tion, engaged in any directly or indirectly related activity, ol in the pro-
during, picking, hauhng, packing, shipping, handling, warehousing, financ-
ing, canmnng, p prs rocessinig, manluf aituring, utilizing, marketing,
or selling any of the products handled by the association, or any by-
products thereof,
 (() To estabhlh reserves and to invest the funds thereof in bonds, or
in such other property as may Ie provided in lle by-laws;
 (7) To buy, hold and exercise all privileges of ownership over such
real or personal property as may he necessary or convenient for the eon-
duct and operation of any of tile business of the association or incidental
thereto,
 (8) 'To sell. convey and transfer all of the assets of the association,
provided, such sale Iliall be consented to by not iess than two-thlrds of
its members or by the holders of not less than two-thirds of its common
stock, which consent shall be given either in writing, or by vote at a special
meeting of its memniers or s to holders called for that purpose,
 (9) To establish, secure, own and develop patents, tlademarks and
copyrights;
 (10) 'To do each .and everytlhlng necessary, suitable or proper for the
ac.oniplishliiient of uin) one of the purposes, or tle attauinment of any one