DeLand news. [volume] (DeLand, Volusia County, Fla.) 190?-1921, 1909-08-13

shall set forth general rule or rules applicable TO
all members by which the voting power and the
property rights and interests, respectively, OF
each member may and shall be determined and
hxed, but the association shall have power 10
admit new members, who shall be entitled TO vote
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.
pcalod except by the unanimous written consent
OF 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
his State to take and certify Acknowledgements Of
deeds OF CONVEYANCE and shall Toe flied in accord.
anoc with the PROVISIONS OF Law, and when 50 filed
the SAID articles Of incorporation or certified copies
thereof shall he received in all the courts Of this
State and other places as prina facie evidence of
the facts contained therein.
Sec. T. Each association Incorporated under
this Act must, within thirty days after its incoY.
poration, adopt code Of by laws for its govern.
incnt and management rot inconsistent with The
provisions Of this law. majority vote Of the
members or the written assent Of members rep.
resen,ng a majority OF the votes, is necessary 10
adopt such by laws. The provisions OF the
General Laws OF this State not inconsistent with
the provisions OF this Ac, shall apply 20 the by.
laws Of the corporations provided for in this Act.
Each association may also, 10y IT. bylaws adopted
as aforesaid, provide for the following matters:
I, The manner OF removal OF any one or more
ofits directors and for filing any and all vacancies
in the Board Of Directors.
p The number OF directors and the number Of
members or votes thereof constituting quorum.
3. The conditions upon which and the tire
when, membership OF any member in the associa.
ton shall cease; the mode, manner and effect q
expulsion Of a member, subject to the night OF the
expelled member to have the Board Of Directors
(equitaty) appraisc his property interests in the
association and to afX the amount thereof IN
money, and to have the money PAID to him within
sixty days after such expulsion.
A. The amount OF membership Zee. If any, and
f..N ~
20 pay annually, or from time 10 time, II at all to
carry on the business Of the association, and also
the compensation, IT any, to paid by each mem
Ter for any services rendered by The association
TO him, and the time Of payment and The MANNER
OF collecting the same and for iOrtcitur, OF tie
interest Of the member ~ the association for non
Of the same
s. The number and qualification Of members
Ct the association and the conditions precedent 10
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
valuc Of such interest, and providing for the ru--
chase of such interest by the association uron the
death, withdrawal or expulsion Of a member Q:
upon the forfeiture al his membership, al the op-
ton OF the association.
{. Permitting members to vote by their proxies
and determining the conditions, manner, form
and effect thereof
Sec. S. Each association incorporated under
this Act shall hav, the powers granted hy the pro-
visions OF this Law and other laws OF Florida fcla,-
ing to private corporations, and shall also have
the following powers.
!. To appoint such agents and officers as rs
business may require ana Such appointed agents
may be either persons or corporations, 70 admit
PERSONS to membership IN the associations and 70
rXlcl any member pursuant to the provisions ot
rs bylaw; To forfeit the (mcm1cr,mf) OF any
member for violation OF any agreement between
him and the association, or for his violation OF s
by. laws
:. To purchase or otherwise acquire hold own:
sci! and otherwise dispose OF any and every kind