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FAYETTE TOBACCO W. CO. v. LEXINGTON TOBACCO B. OF T.

299 S.W.2d 640 (1956)

FAYETTE TOBACCO WAREHOUSE COMPANY, Inc., et al., Appellants, v. LEXINGTON TOBACCO BOARD OF TRADE, a Corporation, et al., Appellees.

Court of Appeals of Kentucky.

As Modified on Denial of Rehearing March 29, 1957.

Attorney(s) appearing for the Case

Weldon Shouse, Lexington, Bradley & Bradley, Georgetown, for appellants.

Harbison, Kessinger, Lisle & Bush, Lexington, for appellees.

MONTGOMERY, Judge.

This appeal concerns the right of a tobacco board of trade to exercise reasonable regulations for the orderly sale of tobacco at warehouse auctions insofar as nonmembers of the board are concerned.

The burley tobacco loose-leaf market at Lexington, Kentucky, is the largest in the world. The Lexington Tobacco Board of Trade, hereinafter referred to as the Board, was organized in 1937 as a non-profit corporation to supervise the tobacco sales...

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