§ 15-14-1-9 — Awards; promotions

(a) A corporation incorporated under this
chapter shall annually offer and present cash awards for the
improvement of soils, tillage, crops, manures, improvement of stock,
articles of domestic industry, and other articles, productions, and
improvements the corporation considers proper. The awards must be
provided in different amounts and grades so that large and small
manufacturers and farmers have an opportunity to compete for the
awards.
(b) A corporation incorporated under this chapter may perform any
acts the corporation considers best to promote the agricultural and
household manufacturing interests of the county and of the states
whose residents have organized the corporation.
(c) When a corporation organized under this chapter makes its
awards, special attention must be given to the profits that may or are
likely to accrue from:
(1) the improved method of raising the crop;
(2) improving the soil or stock; or
(3) the fabrication of the articles offered;
with the intention that the award be given for the most economical
method of improvement.
(d) Before an award is made under this section, a person competing
for a cash award for improved:
(1) tillage methods;
(2) manufacturing methods; or
(3) production of any crop or other articles;
must deliver to the awarding committee a full and correct statement of
the process of the tillage method, manufacturing method, or
production. The statement must show the expense and value of the
process to show accurately the profits derived or expected to be
derived.
[Pre-2008 Recodification Citation: 15-1-2-8.]

Legislative History

As added by P.L.2-2008, SEC.5.