The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1894-08-25
CCXIII.
An act to incorporate farmers mutu
aid and protective societies.

An act to incorporate farmers mutual
aid and protective societies.
/. Be it enacted by the Senate and Cen
eral Assembly of the State of New Jersey
That it shall be lawful for any number
of persons engaged in agricultural pur-
suits, not less than ten jim number, re-
siding in this state. to form an assocla-
ton by whatever name they snail as
! sumo, for the purpose of this act.
Q. And be it enacted, That the object
of such association shall be for the mu
tual aid and protection of farmers in
marketing their crops, dairy and other
farm products, and the diffusion OF in
formation concerning the same.
8. And be it enacted, That such as
ISOLATION shall be formed in the following
manner a certificate shall be made and
ing their respective residences, forming
such association, which certificate shall
set forth:
/. The name assumed to designate such
association and to be used in its bust
ness and dealings;
II. The place where such association
shall be located, and the object for
which it shall be formed.
III. Such certificate shall be proved or
acknowledged by the parties signing the
same, and recorded in the office of the clerk
of the county where the association shall be
| located,
4. And be it enacted, That upon such GER
tiffcate being filed, the said association shall
be a corporation 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:
II. To make and use a common seal or al
ter the same at pleasure;
III. To sue and be sued. complain and de
fend in any court of law and equity;
IVY T1 IoI5 -..zz. -. 81
real and personal estate as the purposes OF
| the corporation shall require, and to mort
| gage any real or personal estate which shall
come by devise or bequest; provided, that
the funds and property of said corporation
shall be used for the purposes of its organiza-
ton and for no other;
V. To make and change bylaws not incon-
sistent with the constitution or avs of this
state, to fix the number and qualifications of
its directors for the management of its bust
ness. and the regulation and the government
of its affairs, which number 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 de
termined 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 dis
solution.
s. And be it enacted, That the persons
signing the certificate of organization shall
constitute the first directors for the associa-
ton.
6. And be it enacted, That such directors
may elect a chairman and secretary, and
such directors shall be vested with such
powers and shall perform such duties as the
bylaws of the association when fully organ
lied shall prescribe.
Z. And be it enacted, That the said direc-
tors shall proceed to organize the association
of which they are directors by the addition
of persons whose duties and privileges shall
be prescribed by the bylaws of said corpora
ton, by which all members, including the
directors, shall be governed.
s. And be it enacted, That the association
shall meet at uch times and places as shall
be prescribed by its bylaws, within the city,
town or place in which it is organized.
9. And be it enacted, That the corpora
tion may a any number of members,
whose qualifications and duties shall be pre-
| scribed by the bylaws.
10. And be it enacted, That the charter
| directors of the association to be formed
shall hold their Office until the first election
prescribed by the bylaws of the association
after interrogation, when a new set of di
rectors may be elected, and thereafter direc-
tors shall be elected annually and shall hold
office for one year or longer, as shall be
regulated by the bylaws.
IL. And be it enacted, That no one shall
be a director but a member of the associa-
tion in good standing, and the officers of the
directors may be different from the officers
| of the association.
II. And be it enacted, That an association
organized under this act shall nave a presi-
dent, secretary and treasurer, and such
other officers as the bylaws shall prescribe.
13. And be it enacted, That the directors
may advise with the association, but shall
have no control over its action against the
vote of the 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 the secretary
n be fixed by the direction of the ~associa-
ton.
Is. And be it enacted, That any associa-
ton formed for the purposes Of this act, 10Y
organized, may be organized under this law
by complying with its provisions.
16. And be it acted, That this act shall be
a public act, and shall take effect immedi-
ately.
Approved May Is, 1894.
w A PTER rrvTU =