COMPILED CODE - Iowa Legislature - State of Iowa

356
§| 5408al9-5408-a22. COLLECTIVE BARGAINING. Tit. XVII, Ch. 3-B.
5 sold is in excess of one hundred thousand dollars, a sum not to exceed
6 five per cent of the par value of bonds or debentures sold may be used
7 by committees elected by the members for selling or soliciting for the
8 sale of such securities or for hiring responsible salaried solicitors for
9 that purpose.
39 G. A., ch. 122, § 18.]
SEC. 5408-al9. Duration of incorporation — dissolution or renewal.
1 Associations formed under the provisions of this chapter shall
2 continue for a period of twenty-five years, unless earlier dissolved by
3 order of its members or by other processes as by law provided, and the
4 term of its existence may be renewed by the filing of new articles of
5 association, as by law provided.
[39 G. A., ch. 122, § 19.]
CHAPTER 3-B.
COLLECTIVE BARGAINING.
SECTION 5408-a20. Collective bargaining authorized.
1 Persons engaged in the conduct of any agricultural, horticultural,
2 dairy, live stock, mercantile, mining, or manufacturing business in the
3 manner provided in section fifty-four hundred eight-a twenty-two of
4 this supplement may act together in associations, corporate or other-
5 wise, for the purpose of collectively producing, processing, preparing
6 for market, handling and marketing the products of their members.
7 Such persons may organize and operate such associations, and such
8 associations may make the necessary contracts and agreements to
9 effect that purpose, any law to the contrary notwithstanding.
[39 G. A., ch. 176, § 1.]
SEC. 5408-a21. Contracts for liquidated damages.
1 Contracts and agreements entered into between associations and
2 the members thereof may, where damages that may be sustained for
3 the breach thereof are difficult of ascertainment, provide for such pen-
4 alties as may be agreed upon, which penalties, if the parties thereto
5 so agree, shall be construed as liquidated damages and be enforcible in
6 the full amount thereof both at law and in equity.
[39 G. A., ch. 176, § 2.]
SEC. 5408-a22. Applicability of chapter.
1 The provisions of this chapter shall apply :
2 1. To corporations organized under the provisions of chapter three
3 of this title.
4 2. To other incorporated associations or companies organized
5 without capital stock, not for pecuniary profit and for the mutual bene-
6 fit of their members.
[39 G. A., ch. 176, § 3.]