ship, association or corporation engaged in the business of buying and selling and dealing in livestock, horses, mules, cattle, hogs, sheep and poultry for re-sale and shipment within or without the state, and also for re-sale in the local markets.
Nothing in this act contained shall apply to farmers or farm associations who buy and sell livestock among themselves as producers, or who purchase livestock to complete loads df livestock of their own for shipment to market where such incomplete load is not less than twenty-five per cent of a full load ; and nothing in this act contained shall apply to co-operative livestock marketing associations of producers of livestock in their dealings with their members, or livestock purchased by local butchers or dealers to be slaughtered or processed in their business for local home consumption, or trading for merchandise or machinery, provided that any person, co-partnership, association or corporation licensed for the year 1935 under the provisions of Chapter 7 of the Session Laws for the year 1933 at the time of the taking effect of this act shall not be required to qualify hereunder until the year 1936.
§ 2. License and Bond Required.] After April 1, 1935, all dealers in livestock, as herein defined, shall be duly licensed as hereinafter provided. No agent shall act for any such livestock dealer unless the dealer is duly licensed and has designated such agent to act in his behalf and notified the Board of Railroad Commissioners in his application for license or in writing of such appointment, and requested the commission to issue to such agent an agent's license; and the dealer shall be accountable and responsible for all the acts of his or its agent.
Each dealer, before entering in the business of dealing in live- stock, shall annually on or before January 1 of each year, (and for the year 1935 on or before April 1 ) file an application with the Board of Railroad Commissioners on a form prescribed by it for a license to transact such business. The applicant shall state the nature of the business as herein above set forth, the name or names of persons ap plying for the license, and if the applicant be a firm, association, partnership or corporation the full name of each member of such firm, association, or partnership, or the names of the official officers of the corporation, and the name of the agent or agents of such per son, firm, association, partnership or corporation, the postoffice address and the principal place of business of the applicant, and if a foreign corporation it must state its principal place of business with out the state and the name of the state incorporated in and it must also state that it has complied with the corporation laws of this state relating to foreign corporations, and such other acts as the commissioners may prescribe.
Each applicant shall file with his application a surety company bond to be approved as to amount, form and sufficiency and surety by the commission in the sum of not less than $1,500.00 for princi-
