The Mount Holly news. [volume] (Mount Holly, Burlington Co., N.J.) 1891-1942, 1894-08-07
CHAPTER CCXuI.
I CHAPTER CUAIII,
| An act to Incorporate farmers mutual aid and

An act to incorporate farmers mutual aid and
protective societies.
sembly of the State of New Jersey, That it shall
be lawful for any number of persons engaged in
agricultural pursuits, not less than ten in number,
residing in this state, to form association by
whatever name they shall assume, for the pur-
poses of this act.
O. And be it enacted That the object of such as
sociAtiOn shall be for the mutual aid and protec-
ton of farmar RS in marketing their crops. dairy and
other farm products, and the diffusion of informa-
ton concerning the same.
8. And be it enacted, That such association shall
be formed in the following manner; certificate
shall be made and signed by not less than ten per-
/ sons stating their respective residence, forming
such association, which certificate shall set forth
L. The name assumed TO designate such associa-
ton and to be used in its business and Dealings
ii. The place where such association shall be
located, and the object for which it shall be form
| ed
III. Such certificate shall be proved or acknowl-
edged by the parties signing the same and re-
corded in the office of the clerk of the county
where the association shall be located,
a. And be it enacted, That upon such certificate
being fled the said association shall be corpora
ton in fact and in law, and shall have power
| /. To have succession by its incorporated name
for such time as said association shall continue in
| existence;
| H. To make and use a common seal or alter the
| same at pleasure;
III. To sue and be sued, complain and defend
| in any court of law and equity;
| ". To hold purchase and convey such real and
personal estate as the purposes of the corporation
| shall require, and to mortgage any real or person.
al estate, and to receive and hold real and person.
al estate which shall come by devise or bequest;
provided that the funds and property of said cor
poration shall be used for the purposes of its or
ganization and for no ether;
| V. To make and change bylaws not inconsistent
with the constitution or laws of this state, to fix
| the number and qualifications of its directors for
| the management of its business, and the regula-
tlon ana the government OF It's aHalrs, when mum
Der of directors may be altered by vote of the
| corporation.
| VI To wind up and dissolve ITSELF or to be
wound up and dissolved, as shall be determined by
a vote of the majority of its members voting after
four weeks notice, served personally or published
/ for two weeks in a newspaper, of such intended
dissolution.
| 8. And be it enacted That the persons signing
the certificate of organization shall constitute the
| first directors for association.
| 6. And be it enacted, That such directors may
elect chairman and secretary, and such directors
shall be vested with such powers and shall per-
form such dutiei as the bylaws of the association
when fully organized shall prescribe.
| Z. And be it enacted, That the said directors
shall proceed to organize the association of which
they directors by the addition of persons
whose duties and privileges shall be prescribed by
| the bylaws of said corporation, by which all
members, including the directors, shall be gov
| erned.
8. And be it enacted. That the association shall
meet such times and places shall be prescrib-
ed by its bylaws, within the city, town or place
| in which 1t is organized.
9. And be it enacted That the corporation may
| have any number of members, whose qualifca-
/ tons and duties shall be prescribed by the by
| laws.
! 10. And be it enacted That the charter direc-
office until the first election prescribed by the by
laws of the association after Incorporation, when
a new set of directors may be elected, and there
after directors shall be elected annually and shall
hold office for one year or longer, as shall be regu
| lated by the bylaws.
| IL. And be it enacted, That no shall be di-
rector but member of the association in good
standing, and the officers of the directors may be
different from the officers of the association.
~. And be ii enacted, That an association or
ganized under this act shall have president, sec
Rotary and treasurer, and such other officers as
| the bylaws shall prescribe.
| 10. And be it enacted, That the directors may
adviss with the association, but shall have
troll over its action against the vote of a majority
of the association at any meeting properly called.
| IA. And be it enacted, That the common seal,
adopted by the association to verify its acts shall
be in the custody of tho secretary and be fixed by
the direction of the association.
Is. And be it enacted, That any association
formed for the purposes of this act, organized
may be organized under this law by complying
with its provisions.
49, And be it enacted, That this act shall be
deemed public act, and shall take effect imme-
diately.