Approved Code No. 376-Amendment No. I Registry No. 1335-06
NATIONAL RECOVERY ADMINISTRATION
CODE OF FAIR COMPETITION
AIR VALVE INDUSTRY
AS APPROVED ON FEBRUARY 19, 1935
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Approved Code No. 376-Amendment No. I
Registry No. 1335-06
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Approved Code No. 376-Amendment No. 1
AMENDMENT TO CODE OF FAIR COMPETITION
AIR VALVE INDUSTRY
As Approved on February 19, 1935
APPROVINs; AMENDMENT OF CODE OF FAIR COMII'lTITION FOR THE AIR
An application having been duly made pursuant to and in full
compliance with the provis-ions of Title I of the National Industrial
Recovery Act, approved June 16, 1933. for approval of an amend-
ment to the Code of Fair Competition for the Air Valve Industry,
and opportunity to be heard having been noticed to all interested
parties, and the annexed report on said amendment, containing find-
ings with respect thereto, having been made and directed to the
NOW, THEREFORE, on behalf of the President of the United
States, the National Industrial Recovery Board, piursutlt to author-
ity vested in it by Executive Orders of the President. including
Executive Order No. 6859, dated September 27, 1934, and other-
wise, does hereby incorporate, by reference, said annexed report and
does find that ,aidi amlenldment and the Code as constituted after
being amended comply in all respects with the pertinent provi-ions
and will promote the policy and purposes of said Title of said Act,
and does hereby order that said annendment be and it is hereby
approved, and that the previous approval of said Code is hereby
amended to include an approval of said Code in its entirety as
amended, provided however, that Subsection, (h) and (i) of Section
5, Article VI be deleted and the Subsections inlinediately follow-
ing be relettered to read (h) and (i) respectively, such approval
and such anientldent to take effect twenty (20) days from the date
hereof, unless good cause to the contrary is shown to the National
Industrial Recovery Board before that time and the National In-
dustrial Recovery Board issue. a slubsequent order to that effect.
NATIONAL INDUSTRIAL RECOVERY Bo.ARD,
By W. A. HARRIMAN, .Afin;l;,trafif'. Officer.
BARTON W. MURRAY,
D;i ision Administrator.
WASHINGTON, D. C.,
February 19, 1935.
REPORT TO THE PRESIDENT
The Pr!_ II'M r,
The Wh"ite House.
Sm : This is a report on the amendment to the Code of Fair Com-
petition for the Air Valve Industry, as submitted by the Code
Authority of said Industry. An opportunity to be heard from
December 7, 1934 to December 27, 1934 was duly noticed, in accord-
ance with Article X, Section 3 of said Code, as approved March
The amendment provides for mandatory contributions on an
equitable basis by all members of the Industry.
FI NDIN GS
The Assistant Deputy Administrator in his final report to the
National Industrial Recovery Board on said amendment to said
Code having found as herein set forth, and on the basis of all the
proceedings in this matter;
It is found that:
(a) The amendment to said Code and the Code as amended are
well d&-ignied to promote the policies and purposes of Title I of the
National Industrial Rwc,.v.'ry Act, including the removal of ob-tr'c-
tions to the free flow of iirtertate and foreign commerce which
tend to diminish the amount thereof, and will provide for the gen-
eral welfare by promoting the organization of industry for the pur-
pose of cooperative action among trade groups, by inducing and
maintaining united action of labor and iilni:'iagement under adequate
governmental sanction and supervision, by eliminating nufair com-
petitive practices, by avoiding undue restriction of production (ex-
cept as may be temporarily r, qIired), by increasing the consump-
tion of industrial and agricultural products through increasing pur-
chasing power, by reducing and relieving unemployment, by im-
proving standards of labor, and by otherwise rehabilitating industry.
(b) The Code as amended complies in all respects with the per-
tinent provisions of said Title of said Act, including without limi-
tation Siib-ectinii (a) of Section 3, Subsection (a) of Section 7, and
Subsection (b) of Section 10 thereof.
(c) The Code empowers the Code Authority to present the afore-
said aiiienlllne t. on behalf of the Industry as a whole.
(d) The aiiivendlr ent and the Code as amended are not ideit'ivied
to and will not permit monopolies or monopolistic practices.
(e) The amendment and the Code as amendil are not designed
to and will rmt eliminate or oppress small enterprises and will not
operate to discriminate against them.
(f) Those engaged in other steps of the economic process have
not been deprived of the right to be heard prior to approval of said
For the-c reasons, this amendment has been approved.
For the National Indiiustrial Rec-very Board:
W. A. IHRRIMAN,
Afdm il straltiv Offic:r.
I'ERBUARr 19, 1935.
AMENDMENT TO CODE OF FAIR COMPETITION FOR
THE AIR VALVE INDUSTRY
Pursuant to Article X, Section 3, of the Code of Fair Competi-
tion for the Air Valve Industry duly approved by the Administrator
on March 31, 1934, and further to effectuate Title I of the National
Industrial Recovery Act, the following amendment is estal listed as
a part of said Code of Fair Competition and shall be binding upon
every member of the Air Valve Industry.
Amend Article VI by deleting Section 9 and substituting in lieu
thereof section to read as follows:
SECTION 9. (a) It being found necessary in order to support the
administration of this Code and to maintain the standards of fair
competitionn established hereunder and to effectuate the policy of the
Act. the Code Authority is authorized:
(1) to incur such reasonable obligations as are necessary and
proper for the foregoing purposes and to meet such obligations out
of funds which may be raised as hereinafter provided and which
shall be held in trust for the purposes of the Code.
(2) To submit to the National Industrial Recovery Board for its
approval, subject to such notice and opportunity to be heard as it
may deem necessary, (1) an iteiiiized budget of its estimated ex-
penses for the foregoing puiilpo-e-, and (2) an equitable basis upon
which the funds necessary to support such budget shall be contrib-
uted by members of the Industry.
(3) After such budget and basis of contribution have been ap-
proved by the National Industrial Recovery Board, to determine
and obtain equitable contribution as above set forth by all members
of the Industry. and to that end, if necessary, to institute legal
proceedings therefore in its own name.
(b) Each member of the Industry shall pay his or its equitable
contribution to the expenses of the maintenance of the Code Author-
ity, determined as hereinabove provided and subject to rules and
regulations pertaining thereto issued by the National Industrial
Recovery Board. Only members of the Industry complying with
the Code and contributing to the expenses of its admini-tration as
hereinabove provided, unless duly exempted from making such con-
tribution, shall be entitled to participate in the selection of members
of the Code Authority or to receive the benefits of any of its volun-
tary activities or to make use of any emblem or in:.ignia of the
National Recvc\'ry Administration.
(c) The Code Authority shall neither incur nor pay any obliga-
tion substantially in exces.- of the amount thereof as estimated in its
approved budget, and shall in no event exceed the total amount
contained in the approved budget, except, upon approval of the
National Industrial Recovery Board; and no subsequent budget shall
contain any deficiency item for expenditures in excess of prior
budget estimates, except those which the National Industrial Recov-
ery Board shall have so approved.
App',rvedi Code No. 376--AnmelCment No. 1.
Registry No. 1335-OG.
UNIVERSITY OF FLORIDA
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