The Lambertville record. [volume] (Lambertville, N.J.) 1872-1968, 1892-07-13
CHAPTER cxxx.

An Act for the incorporation of societies not for
pecuniary profit defining their powers and pro-
viding for the election Of officers, the dissolution
OF such corporations, distribution of their prop
ery aud the changing OF their articles of associa-
ton.
l. BE il enacted by the Senate and General As
sembly of the State Of New Jersey, That trades
unions and labor organizations not for pecuniary
profit may be incorporatedias hereinafter provided
any seven or more persons, citizens Of the United
States, who shall desire 10 associate themselves for
any lawful purpose other than for peeuniary profit
may make sign and acknowledge, before any officer
having seal and authorized to take acknowledge
ncnts of deeds In this state and file in the Office Of
the secretary of state and In the Office OF the clerk
of the county IN which such society association or
club shall be located, certificate In writing In
which shall be stated the name or title by which
such corporation shall be known in law, the par
icnlar objects for which II Is formed the number of
its officers and the names OF the officers selected for
the management of its business; upon complying
with the foregoing conditions the corporation shall
be deemed fully organized and may proceed TO
carry out the objects Of its organization; provided,
the secretary of state shall not file certificate of
organization of any corporation having the name of
any then existing, but shall notify the subscribers,
or any two of them, Of the reason Of his refusal to
do So
2. And be It enacted, That any corporation
formed under the provisions OF this act shall have
and possess all the rights, powers and privileges
given to corporations by common law, to sue and
be sued, to borrow money and secure the payment
of the same by notes, bonds and mortgages upon
their real aud personal property, and to rent lease
purchase, hold, sell aud convey such personal and
real property may be necessary aud proper for
the purpose of erecting buildings aud for other
proper objects of any such corporation; such cor
poratiOn may borrow money only upon the consent
Of majority Of the members thereof expressed by
vote TO be used solely for the purpose of its organ
ization.
3. And be II enacted, That such corporation shall
elect officers from the members thereof at such
times and places and for such periods as may be
provided for by the bylaws and they shall have the
management and control of the affairs and funds
Of the corporation whenever officers shall be elected
Lar rlft sata utg
by its secretary giving their names and the terms
Of their office, shall be recorded IN the Office OF the
county clerk where the certificate of organization
Is recorded: vacancies In the board Of officers shall
be filed in the manner provided by the bylaws.
4. And be It enacted That no dividend or
distribution of the property OF such corpora
paid, and then only upon Its final dissolution
and surrender of It's organization aud name.
nor shall any dist ributiOn be made except by
d vote of q majority of the members; when
any distribution of Its property is cOntem-
plated, the officers shall file a statement.
under oath, In the Office of the county clerk
where the certificate is filed and the corpora
ton located that all debts OF the corporation
are paid; and In case "a dissolution shall be
made before filing such statement under oath,
or III such statement shall be wiifully false,
SAID officers shall be Jointly and severally
liable for the debts of such corporation; when
u final dissolution of any such corporation
has been agreed upon, the officers shall file In
the Office of the secretary of state certificate
thereof. under the seal of the corporation,
and upon the fling OF said certificate such or
ganization shall cease 70 exist
8. And be II enacted. That any such corpor.
alton may change Its articles of Incorporation
in the manner prescribed by its own rules,
but no such change shall be OF legal effect un-
I'll certificate thereof, under the seal of
such corporation, shall be filed In the Office of
the secretary of state and recorded In the Of
fice of the county clerk in which the original
certificate was recorded.
g. And be 1t enacted That all acts and parts
| of acts. Inconsistent with this act be and are
| hereby repealed, and that this act shall take
| effect Immediately.
| ADproyed March a. 1902.