Clear Lake Co-Operative Live Stock Shippers' Ass'n v. Weir

The plaintiff, appellee herein, is a corporation organized in pursuance of Chapter 122, Acts of the Thirty-ninth General Assembly (Chapter 390, Code of 1924), having its principal place of business at Clear Lake, Iowa. It alleged in its petition, which is in two counts, that appellant, on or 'about October 16, 1922, signed a membership agreement with said corporation, Paragraph 6 of which is as follows:

“(6) It is further expressly agreed, in consideration of the undertakings of the association and other similar agreements entered by members thereof and in view of the difficulty of…