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pproved Code No. 304--Amendment No. 1
Registry No. 1702--23
NATION AL RE COV ERY ADMIINI STRATI ON
CODE OF FAIR COMPETITION
AS APPROVED ON NOVEMBER 12, 1934
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Approved Code No. 304--Amendment No. 1
AMENDMENT TO CODE OF FAIR COMPETITION
OUTDOOR ADVERTISING TRADE
As Approved on November 12, 1934
APPROVINa AMENDMENT OF CODE OF FAIR COMPETITION FOR THE
OUTDOOR ADVERITISING TRADE
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, 19;33, for approval of an amend-
ment to the Code of Fair Competition for the Outdoor Advertising
Trade, and an opportunity to be h~eardl thereon having been given,
a~nd the annexed report on said amendment, containing endings with~
respect thereto, having been made and directed to the President:
NOW, THEREFORE, on behalf of the President of the Unitedi
States, the National Industrial Recovery Board, pursuant to author-
ity vested in it by Executive Orders of the President, including
Executive Order No. 6859, dated September 27, 1934, 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 purposes of said Title of said Act, and
does hereby order that said amendment 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, such
approval and such amendment to take effect tenl (10) days from thle
date hereof, unless good cause to the contrary is shown to the Na.-
tional Industrial Recovery Board before that time and the National
Industrial Recovery Board issues a subsequent order to that effect.
NATIONAL INDUSTRIAL RECOVERY BOARD,
By W. A'. HARRIMAeN, Administrat~ive O~f)cer.
Approval recommended :
ROBERT L. HousTON,
WVAsmwoTow, D. C.,
November le, 1934.
9009 1 1324 0 8--34 (
REPORT TO THE PRESIDENT
T~he Wtthite Hirouse.
SmE: The Temporary Code Authority for the Outdoor Advertisinog
Tirade submitted on July 26, 1934 a r~equlest for t~he almendmlent o
their Code to incorporate therein t~he prov~isions covering t.he man-
dator~y collection of expenses for the maintenance of the Code
Such an amendment involves the deletion of Article VI, Sect~ion
15, by substituting in lieu thereof the standardl provisions govern-
ing the said mandatory assessments.
On September 22, 1934, Notice! o~f Opportunit~y to file criticisms,
objections, or suggestions concerning said amlendmlent was issued.
The D~eputyi Administrat~or in his final report to the Nation~al In-
dustrial Recovery Board on said amendment to said C~ode having
found as herein set forth and on the basis of all1 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 an~d purposes of Title I of the
~Natiohal~R Industral Recoveryo Act incluii;ng the r~emoval of obstruc-
tions to the free flow of interstate and for~eigrn commerce which tend
to dliminish the amount thereof, and will provide for t~he general
welfare by promoting the organization of industry for the purpose
of coo~perative action almo-ng trade: groups, by inducing and mnaintain-
ing united action of labor anda management- under adlequnte gaovern-
mental sanction anrd sup3ervision, by eliminatingi unfair competitive
practices, by promoting the fullest possible utilization of the present
productive capacity of industries, by avoidingi undue restriction of
production (except as may be temporarily requiredd, by increasing
the consumption of industrial and agrricultural products through in-
acrasing pu~rchasingr npowr, by reduclingr and relieving unemploy-
ment, by improving standards of labor, and by otherwise rehabilitat-
(b) The Code as amended complies in all respects w~ithl the p~erti-
nent provisions of said Title of said Act, including without limita-
tion Subsection (a) oft Sect~ion 3, Subsection (a) of Section 7 and
Subsection (b) of Section 10 thereof.
(c) The amendment and the Code as amlendled are not designed
to and will not permit monopolies or monopolistic practices.
(d) The ame~nd mentl and the Code as amendedc are not designed
to and will not eliminated or oppress small entetrprisres and will not
operate to discriminate against them.
(e) Those engragedl in other steps of the economic process have
not been deprived of thle right to be heard prior to approval of said
For these reasons, this amendment hias been approved.
For thze National Industriazl Recovery Board:
WV. A. HARRIMAN,
NOVEMIBER 12, 1934.
;AMI~ENDMIENT TO CODE OF FAIR COMfPETITION FOR
THE OUTDOOR ADVERTISING TRADE
M~odifyr Article VI: b~y dlele~tinga Sect~ion 15i and substituting in lieu
thereof the following:
15 (a). It being found necessary in order to support the adminis-
tration of this code and to maintain the standards of fair competition
established thereunder and to effectuate the policy of the Act, the
Code Aut~hority is authorized:
1. To incur such reasonable obligations as are necessary and proper
for the foregoing purposes, and to meet such obligaat~ions out of funds
which mzay be raised as hereinafter provided and wfhichl shall be held
inz 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 itemized budgbret of its estimated expenses
for the foregoing purposes, and (2) an equita2ble basis upon wh~ichl
the funds ne~cessaryT to support such budget shall be contributed by
members of thle Trade.
3. After sulch budget and basis of contribution have been approved
by the National Industrial Recovery Board, to determine and obtain
equitable contribution as above set fourth by all members of the Trade,
and to that end, if necessary, to institute legal pr~oceedingas therefore
mn its own, name.
(b). Each member of the Trade shall pay his or its equitable con-
tribution to the expenses of the maintenance of the Code Authority,
d~etermlined as hereinabove provided, and subject, to rules and regula-
tions pertaining thereto issued by the National Indulstrial Recovery
Board. Only members of the T;rade comlplying with the code and
contributing to the expenses of its administration as hereinabove pro-
vided, unless duly exempted fromt making such contributions, shall be
entitled to participate in the selection of members of the C~ode Au-
thority or to receive the benefits of any of its voluntary activities or
to makze use of any emblem or insignia of the National Recover~y
A fm i nIist ra tion .
(c). The Code Authority shall neither incur nor pay? any obligaa-
tion substantially in excess of t~he amount t.hereof a~s estimated in its
approved budget, and shall in no event exceedl the total amnount con-
tained in the approved budget, ex~ept upon approval of the National
Industrial Recovery Board; and no subsequent budget shall contain
anyT dlefciency item or expendlitures in excess of prior budget esti-
mates except those which the National Industrial Rtecovery Board
shall hav~e so approved.
Approved Code No. 304-Asmendmen No. 1.
Registry No. 1702i)-23.
il W llill