The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1871-01-09

ole exception have been compelled to return
them without approval, and have endorsed
thereon our objections In view of the large
number of applications OF this nature, and of
the extremely crude and careless manner in
which many of the charters are prepared, we
have thought it proper to indicate briefly
some of the essential features which every
! charter should contain
I. The membership must be restricted to
citizens this Commonwealth (The Butchers
Ben. Association, ii C.151)
2. The name of the proposed corporation
must be stated, and said name should be en-
tirely distinctive from that of any other iu-
corporation in the same locality, (G Pitts Leg.
q. 161).
3. The objects of the association must be
clearly defined SO as to satisfy the court that
they are thin the meaning of the law.
(The National Literary Association. @. O.,
1907
4. The articles which should clearly define
the rights and duties of the members. G. c.,
155.
8. The conditions under which the parties
propose to associate.
6. The location where said corporation is
intended to be situated, or its principal busi-
ness transacted.
Z. That all bylaws to be adopted by said
proposed corporation for its government shall
be consistent with the Constitution and laws
of the United States, the Constitution and
laws of this Commonwealth, and with the
proposed charter.
s. Any clause providing for an amendment
to the charter must set forth that such
amendment shall be made in conformity with
law.
Q. If the power of expulsion is introduced
the charter must clearly define the causes for
which member may be expelled. An indef-
mite or vague statement of the offense is not
sufficient. The Court will not approve a
charter which gives a majority of the associa-
ton power to expel any member "guilty of
any offense against the law" Any such or
kindred expression is too general. 2 Va,
29S; ibid, 299; IL c. 151; 2 Bin. AS; S. &
Il. 469.
10. In charters of building associations the
number and value of the shares proposed to
be issued must be stated.
II. In charters of beneficial societies there
must be clause restricting the application of
their funds to the object declared to be the
purpose of their association. Q. c., 155.
II. In all charters where a cash capital is
provided for, the amount of such capital
must be stated, as also the number and value
of the shares
13. Every charter must contain limitation
of the amount of real and personal estate to
be held by such corporation. The limitation
of real estate must not exceed the maximum
! prescribed by the act of Assembly; and the
limitation as to the personal estate must be
reasonable, taking into view the objects of
the association, the Court reserving the right
! to approve the latter in its discretion.
IA. Every charter should be written upon
one sheet of paper or parchment. Inter-
lineations in charter are not proper, aud if
the same occur in a material part the charter
will be rejected. 6 c., 154 II c., 80.
1t may not be inappropriate to designate
the several objects for which tie Court of
Common Pleas is authorized by law to grant
charters of incorporation. They are
1. Associations for literary, charitable, or
religious purposes, beneficial societies or
associations, fire engine or hose companies.
Act of 18th of October, 1910. Purdon, 1876,
! plac. II, p. L., 5.
2. Associations for the promotion of science
or agriculture, cemetery or burial associations
societies for the detection of thieves and the
recovery of stolen property. Act of Goth of
February, 1884. Purdon, 1877, plac., 10; p.
! L., 90.5
3. Musical sooietios and associations Act
of 9th of April, 1859; Purdon 1917, plac, lG;
p. l.. 377.
A. Mutual savings fund, loan, or building
associations. Act of 10Th of April 1885, Pur-
don 100, plac. 1; p. l.. 544.
| 5. Associations for the purpose of insuring
horses, cattle, and other live stock against loss
| by death from disease or accident, or from
being stolen water, hook and ladder compa-
MES, building associations, musical clubs or
associations, teachers institutes or associa-
tions, hotel companies, skating parks asso-
Citations and clubs for the Advancement of
athletic sports, including base ball clubs and
barge and fishing clubs, and fire insurance
companies Act of 26th of March, 1867; Pur-
don 1856, plac. 3; p. l.. A.
G. Savings fund associations, or societies for
the accumulation of funds, and the distribu-
tion of the. same among it's members, with
out banking or discounting privileges. Act
of 18th of April, 1867; Purdon 1886, plac. 4;
p. l.. 70.
1t is quite possible shat have overlooked
some of the objects for which associations
may be chartered by this court, but it is be-
lieved the foregoing is Substantially correct.
The official returns to the Secretary of
LII ch, H.