The Cocoa Merchants' Association of America was founded in 1924. Its purpose is to foster the trade and welfare of the Cocoa industry in the United States and to obtain for its members the benefits to be secured by friendly intercourse among those engaged in importing and trading in Cocoa beans, and by mutual cooperation and joint action to promote and advance the interests of those engaged in the said business. To reform abuses relative thereto, to secure freedom from unjust or unlawful exactions, to diffuse accurate and reliable information as to the standing of merchants and other matters, to procure uniformity and certainty in the customs and usages of the trade and commerce in Cocoa Beans, to settle differences between its members, and to do such other and further acts and things relating thereto which may be necessary or convenient so far as the same are permitted by the laws of the State of New York to corporations organized under the membership corporation law.