The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1892-07-20
CHAPTER CXXx.

An Act for the incorporation of societies
not for pecuniary profits, defining their
powers and providing for the election of
officers, the dissolution of such corpora
tions, distribution of their property aud
the changing of their articles of associa-
ton.
l Be it enacted by the Senate and Gen.
eral Assembly of the State OF New Jersey,
That trade unions and labor organizations
not for pecuniary profit may be incorpor-
a ed us hereinafter provided; any seven
or more persons, citizens of the United
States, who shall desire to associate them
selves for any lawful purpose other than
for pecuniary profit, may make, sign Ii
acknowledge, before m officer having
Il seal and authorized to take ackpowl-
edgments OF deeds in ttis state, ami file
In the office OF the secretary of stale and
10 the office of the clerk of the county in
wb1eh, such society. association or club
shall be located, a certificate in writing in
which shall be stated the name or title by
which such corporation shal be known
in law, the particular objscLs for which
IL Is formed, the number OF its officsrs
and the names of the officers selected for
the management OIL its busipe ~; upon
complying with the foregoing conditions
the corporation shall be deemed fully or
aantzed, and may proceed to carry out the
objects of its organization; provided, the
secretary of state shall not file a certin-
cata OF organization. of any corporation
having the Dame of then existing, but
shall uotify the subscribers. or any two of
them, of the reason of his refusal to do so.
2. Aud be it enacted, That any corpor-
alton formed under the provisions of this
act shall have aud possess all tbs rights.
powers aud privileges given to corpora
lions by common law. to sue a be sued,
to borrow money aud secure the payment
of the same by uotes. bonds and mortgages
rNtnor. tlAfr fanI and nArr@.
aud to rent. lease. purchase, hold, sell and
convey such personal n real property as
may be necessary and proper for the pur-
poses of erecting buildings aud for other
proper objects uf any such corporations:
suca corporations may borrow mouey only
upon the consent of u majority of the
members thereof expressed by a vote, 10
be used solely for The purpose of its organ
~iZatiou.
8. And be IL enactsd. That such corpor-
at on shall elect officers from the mem-
bers thereof. at such times and places and
for such periods as may be provided for
by the bylaws, and they shall lave the
management and control of the affairs
and funds OF the corporations: Whenever
officers shall be elected a certificate, under
seal OF the corporation, signed by It's sec
rotary. giving their names and the terms
of their office. shall be recorded in the
Office of the county clerk whare the cei-
ti1cate OF organization Is recorded: vacau-
cies ia the board OF officers shall be filled
In the manner provided by the bylaws.
4. And be IL enacted, That no dividend
or distribution Of the property of
such corporation shall be made until
all debts are fully paid, and then
Only upon its inal dissolution and snr-
render of its organization and name, nor
shall any distribution be made except by
a vote Of a majority of the members:
when any distribution Of its proper, Y is
contemplated, the officers shall file a
statement, under oath. in the Office of h.
county clerk where the certificate Is fl ed
and the corporation located that all debts
of the c Irporation are paid; and la case a
dissolution shall be made before filing
such statement under oath. or IL such
statement shnll be willfully false, said
officers shhll be jointly and seyerally La
BILE for the debts Of such corporation:
when q inald dissolution of any such cor
poration his been agreed upon, the Off
cera shall file In the Office of the secretary
OF state f. certifi ate thereof, under the
seal of the corpoI alton. and upon the filing
of said certificate such organization shall
case to exist.
5. Aud be 1t enacted, That ans such
corporation may change its article of in
corporation IN the manner prescribed by
its own rules, but no such change shall
be OF legal effect until u certificate
thereof, under the seal of such corpora
ton, snail be tlfd in the Office Of the sec
retary OF state and recorded in the office
of the county clerk IN which the original
certificate was re corded.
g.. And be it enacted, That all acts or
parts of acts Inconsistent with this act
be and a . hereby repealed, and that this
act shall take effect Immediately.
Approved March "a, 1892.