610 AGRICULTURAL RELIEF 
when away from principal office on official business, said office to be located in 
Washington, District of Columbia. 
(b) Four of the members of said board to be appointed by the President shall 
be designated by him to serve for two years, four for four years, and four for six 
years, and thereafter each member so appointed shall serve for a term of six 
years, unless sooner removed for cause by the President. In case of vacancy 
in said board by death, resignation, or otherwise, the President of the United 
States, by and with the advice and consent of the Senate, shall appoint a suc- 
cessor to fill out the unexpired term. Any member in office at the expiration 
of the term for which he was appointed may continue in office until his successor 
qualifies and takes office. 
(3) No person shall be eligible for appointment as a member of said board 
who is not well advised in methods of production and marketing the leading 
agricultural products in the district from which he is appointed, and he shall 
have been engaged in the production or marketing of one or more of the crops 
grown or produced in the district from which he is appointed at least five years 
prior to and at the time of his appointment. No member of said board shall, 
during his continuance in office, be an officer or director in any cooperative associa- 
tion, or in any other institution, firm, or organization engaged in holding or 
marketing any of the crops or livestock named or in any way referred to herein, 
or the products thereof, and before entering upon his duties as a member of said 
board each member shall certify under oath to the President of the United States 
that he is eligible under this section. The President shall designate one of said 
members as commissioner, who shall be the active executive officer of said board. 
(d) The salaries and expenses of the farm surplus board and all employees 
employed therein shall be paid by the United States, and said board is authorized 
and empowered to fix salaries and employ attorneys, accountants, experts, 
assistants, clerks, and other employees necessary to carry on the business of 
said board, the same to be appointed in accordance with the classification act 
of 1923 and subject to the provisions of the civil service law. 
(e) It shall be unlawful for any member of said board or any employee therein 
to furnish or give any person, firm, or corporation confidential or advance informa- 
tion relative to any of the activities of the board; or to purchase or sell for future 
delivery on any exchange any or either of the commodities handled or that 
may be handled through the operations of said board, and any such person or 
persons being found guilty of violating this provision of this act shall be subject 
to a fine not exceeding $10,000, or imprisonment for a period of not exceeding 
ten years, or both. 
Sec. 4. (a) That for the purpose of carrying out the provisions of this act it is 
provided that the board herein provided for shall keep advised by investigation, 
from time to time, made upon its own initiative or petition of an approved farm 
organization or cooperative association, as to the domestic and world require- 
ments, prices, the existence of a surplus or probable surplus of any nonperishable 
farm crop, including livestock, or the products thereof. 
(b) Whenever the board finds that there is or may be in the hands or possession 
of producers during the ensuing year a substantial surplus above the normal 
domestic or world requirements of any nonperishable farm crop or product 
thereof within the United States, said board is hereby authorized, upon the 
request of the organized producers of such crop, to avail itself of any provision 
or provisions of the Federal reserve act, the intermediate credit bank act, the 
Federal warehouse act, or any other act of Congress, not inconsistent with the 
provisions of this act, and arrange for financing or otherwise aiding such organized 
producers in removing from the market and storing under any approved ware- 
house system any such farm crop or crops to the extent of the estimated surplus 
of such crop or crops. That the advances so made or provided for under this 
section shall be on the basis of the market value of such crop at the time of 
purchase, storage, or removal of same from the market. 
Sec. 5. (a) That the board is further permitted and authorized, upon such 
terms and conditions as it may prescribe, not inconsistent with this act, to make 
such advances or loans out of the revolving fund, hereinafter provided for, to 
any approved cooperative association or farm organization of producers engaged 
in purchasing, holding, marketing, or storing any nonperishable farm crop or 
commodity: Provided, That no advance or advances under the provisions of this 
act shall be made to any person, organization, or association whatsoever when the 
ensuing production of such crop or commodity shows an increase in planting or 
breeding according to the estimates of the United States Department of Agri- 
culture over and above the five-vear average immediately prior thereto: Provided