The Ocala banner. (Ocala, Marion County, Fla.) 1883-194?, 1909-07-30
Page Seven

shall set forth general rule or rules applicable 3.
All members by which the voting power and th,
property rights and interests, respectively O
each member may and shall be determined ant
fixed, but the association shall have power 4
admit new members who shall be entitled to vot,
and to share in the property of the association
with the old members, in accordance with such
general rule. This provision of the articles of In
| corporation shall not be altered. amended or re
pealed except by the unanimous written consent
or the vote of all the members.
2. Said articles must be subscribed by the
original members and acknowledged by one Of
| them before an officer authorized by the law OF
this State to take and certify acknowledgements of
deeds of CONVEYANCE, and shall be filed in accord
ance with the provisions of law, and when so filed
the said articles of incorporation certified copies
thereof shall be received IN all the courts of this
State and other places as prima facie evidence Of
the facts contained therein.
Sec. 4. Each association incorporated under
this Act must, within thirty days after its ncor-
poration, adopt a code of bylaws for its govern
ment and management not inconsistent with the
provisions of this law. A majority vote of the
members or the written assent of members rep
resenting majority of the votes, is necessary to
adopt such bylaws. The provisions of the
General Laws of this State not inconsistent with
the provisions of this Act shall apply to the by
laws of the corporations provided for in this Act.
Each association may also, by its bylaws adopted
as aforesaid, provide for the following matters:
I. The manner of removal of any one or moro
OF its directors and for filling any and all vacancies
in the Board of Directors.
a. The number of directors and the number of
g. The conditions upon which, and the time
when, membership of any member in the aSsocia-
ton shall cease; the mode. manner and effect Of
expulsion of a member, subject to the right Of the
expelled member to have the Board Of Directors
(equitably) appraSe his property interests IN the
association and to affix the amount thereof in
money, and to have the money paid to him within
sixty days after such expulsion.
4. The amount of membership fee If any and
the amount which each member shall be required
to pay annually, or from time to time, if at all 70
carry on the business of the association, and also
the compensation, if any, to be paid by each mem
Der for any services rendered by the association
to him, and the time of payment and the manner
of collecting the same. and for forfeiture of the
interest of the member in the association for non
payment of the same
s. The number and qualification Of members
of the association and the conditions precedent 70
membership, and the method, time and manner OF
permitting members to withdraw, and providing
for the assignment and transfer of the interest OF
the member, and the manner of determining the
value of such interest, and providing for the pur
chase of such interest by the association upon the
death, withdrawal or expulsion of member or
upon the forfeiture OF his membership, at the op-
ton of the association.
8. Permitting members to vote by their proxies
and determining the conditions. manner. form
and effect thereof.
Sec. 5. Each association incorporated under
this Act shall have the powers granted by the pro-
visions Of this law and other laws of Florida relat
ing to private corporations, and shall also have
the following powers.
I. To appoint such agents and officers as its
business may require, and such appointed agents
may be either persons or corporations; to admit
persons to membership in the associations. and to
expel any member pursuant TO the provisions Of
its bylaws; to forfeit the membership of any
member for violation of any agreement between
him and the association for his violation of its
bylaws.
2. To purchase or otherwise acquire. hold, own,
sell and otherwise dispose of any and every kind
or kinds of real and personal property necessary
to carry on its business land 10 acquire by pur-
chase or otherwise the interest OF any member in
the property OF the association.
3. Upon the written assent or by vote of mem
bers representing twothirds of the total votes OF
all members TO cooperate with any other (co-
operahVe) corporation or corporations for the CO.
operative and more economical carrying on OF
their respective business by consolidation, upon
(resoluton) adopted by its Board of Directors, TO
and to make all necessary and proper
stipulations and arrangement with any other Zoo
operative) corporation or corporations, for the CO.
operative and more economical carrying on OF its
business, or any part or parts thereof or any two
Dr. more (co-operative) corporations organized
under this title, upon (resolutions) adopted by
purpose of more economically carrying their
res pective business, by agreement between them,
unite IN employing and using, or several assoeia-
tons may separately employ and use, the same
Methods means and agencies for carrying on and
their respective businesses.
4. Any association formed OF consolidated under
his Act NAV he dissolved and tie affairs wound
Up voluntarily by the written request of men,
0ers representing two-thirds OF the total
votes, in the manner and with the effect now pro-
7ided by law except that the moneys remaining
lfter liquidation shall be divided among the men,
1ers, in proportion to their property interest
herein.
Sec. O. The right Of an association claiming 20
)e organized and incorporated and carrying on
is business under this Act TO do and TO continue
is business. may be inquired into by quo war
anto at the suit of the Attorney General, but not
otherwise
Sec. !. This Act shall take effect Immediately
lpon its passage and approval by the Governor.
Approved June 8, 1909.