Approved Code No. 94-Amendment No. 3
CODE OF FAIR C
Registry No. 271-1-01
.i GARTER, SUSPENDER AND BELT
AS APPROVED ON FEBRUARY 8, 1935
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Approved Code No. 94-Amendment No. 3
AMENDMENT TO CODE OF FAIR COMPETITION
GARTER, SUSPENDER AND BELT MANUFACTUR-
As Approved on February 8, 1935
APPROVING AMENDMENT OF CODE OF FAIR COMPETITION FOR THE
GARTER, SUSPENDER AND BELT MANUFACTURING INDUSTRY
An application having been duly made pursuant to and in full
compliance with the provisions of Title I of the National Industrial
Recovery Act, approved June 16, 1933, for the approval of an amend-
ment to a Code of Fair Competition for the Garter, Suspender and
Belt Manufacturing Industry, and an opportunity to be heard having
been afforded all interested parties and the annexed report on said
amendment, containing findings with respect thereto, having been
made and directed to the President:
NOW, THEREFORE, on behalf of the President of the United
States, the National Industrial Recovery Board, pursuant to author-
ity vested in it by Executive Orders of the President, including
Executive Order No. 6859, and otherwise, does hereby incorporate, by
reference, said annexed report and does find that said amendment and
the Code as constituted after being amended comply in all respects
with the pertinent provisions and will promote the policy and pur-
poses of said title of said act, and does hereby order that said amend-
ment be and it is hereby approved, and that the previous approval
of said Code is hereby modified to Include an approval of said Code
in its entirety as amended.
NATIONAL INDUSTRIAL RECOVERY BOARD,
W. A. HARRIMAN, Administrative Officer.
PRENTISS L. COONLEY,
WASHINGTON, D. C.,
February 8, 1935.
REPORT TO THE PRESIDENT
The White House.
SiR: This is a report on an amendment to the Code of Fair
Competition for the Garter, Suspender and Belt Manufacturing
Article V was amended by adding Section 6 which provides for
limiting the liability of Code Authority members.
An opportunity to be heard was afforded all interested parties
and no objections have been received by the National Industrial
Recovery Board. The National Industrial Recovery Board has
also carefully considered the reports of the Industrial Advisory
Board, Labor Advisory Board, Consumers' Advisory Board,
Research and Planning Division and the Legal Division of the
National Recovery Administration, which were made on this
The 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 finds that:
(a) The amendment to said Code and the Code, as amended, are
well designed to promote the policies and purposes of Title I of the
National Industrial Recovery Act, including the removal of obstruc-
tions to the free flow of interstate and foreign commerce which tend
to diminish the amount thereof, and will provide for the general
welfare by promoting the organization of Industry for the purpose
of cooperative action of labor and management under adequate
governmental sanction and supervision, by eliminating unfair com-
petitive practices, by promoting the fullest possible utilization of the
present productive capacity of Industries, by avoiding undue re-
striction of production (except as may be temporarily required),
by increasing the consumption of industrial and agricultural prod-
ucts through increasing purchasing power, by reducing and relieving
unemployment, by improving standards of labor, and by otherwise
(b) The Code, as amended, complies in all respects with the
pertinent provisions of said Title of said Act, including without
limitation Sub-section (a) of Section 3, Sub-section (a) of Section
7 and Sub-section (b) of Section 10 thereof.
(c) The Code empowers the Code Authority to present the afore-
said amendment on behalf of the Industry, as a whole.
(d) The amendment and the Code, as amended, are not designed
to and will not permit monopolies or monopolistic practices.
(e) The amendment and the Code, as amended, are not designed
to and will not eliminate or oppress small industries 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 above reasons, this amendment has been approved.
For the National Industrial Recovery Board:
W. A. HARRmaAN,
FEBRUARY 8, 1935.
AMENDMENT TO CODE OF FAIR COMPETITION FOR THE
GARTER, SUSPENDER AND BELT MANUFACTURING
The following is to be added to Article V of the Code of Fair
Competition for the Garter, Suspender and Belt Industry, to be
designated Section 6:
Nothing contained in this Code shall constitute the members of
the Code Authority partners for any purpose. Nor shall any member
of the Code Authority be liable in any manner to anyone for any
act of any other member, officer, agent or employee of the Code
Authority. Nor shall any member of the Code Authority, exercising
reasonable diligence in the conduct of his duties hereunder, be liable
to anyone for any action or omission to act, under this Code, except
for his own wilful malfeasance or nonfeasance.
Approved Code No. 94-Amendment No. 3.
Registry No. 271-1-01.
UNIVERSITY OF FLORIDA
3 1262 08482 8259
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