The Bennington evening banner. (Bennington, Vt.) 19??-1961, 1913-03-05
AMENDED BY NO. 100 OF THE
ACTS or 1908, RELATING TO
FOREIGN CREAMERY ASSOCIA-
rrTnNrCs

It
TIONS.
II is hereby enacted by the General
Assembly of the State of Vermont:
Section / Section 1886 of the Pub
lie Statutes is hereby amended so as
to read as follows:
sec. 4956. A foreign company shall
not transact or carry on {. butter,
cheese, cream, milk or condensed milk
business in this state unless such com
pany first obtains a license from said
commissioners authorizing it so to do,
and files a bond as hereinafter provid-
ed. Before receiving such license such
company shall nile with the secretary
of state a certified copy of its charter
or articles of association ard its by
laws, and a certificate verified by its
secretary of its several duly qualified
officers. If such company be a CO.
partnership, it shall file with the secre-
tary of state list of the names of the
individuals composing such co-partner-
ship. The commissio may require
such company to furnish them such
further information relative to its or
ganization or business as they may
deem proper under the provisions of
this act
Sec. 2. Section 4957 of the Public
Statutes is hereby amended so as to
read as follows:
Sec. 4957. Upon the filing of such
copy and certificate, or such list of
partners in case Of co-partnership,
and the bond hereinafter provided for,
and upon the payment of license fee
Of five dollars, the commissioners shall
grant q license authorizing such COM
pany to do business in this state until
the first day Of April thereafter, unless
sooner revoked; and annually there
after, on the first da. of April, such IL
cense may, upon application, be re-
newed upon the payment of like fee
and the filing of the certificate or list
Of co-partners provided for in the pre-
ceding section and upon the giving of
a bond as hereinafter provided. Such
license may be revoked by the COM
missioners for violation of provision
of this act or of the general law of
this state.
Sec. 8. Section 495S of the Public
Statutes is hereby amended so as to
read as follows:
Sec. 1858. Before issuing a license
as hereinbefore provided the commits
sioners shall require such company to
file IN the Office of the secretary of
state for the benefit of its patrons in
this state a good and sufficient surety
bond, executed by surety company
duly authorized to do business in this
state In such sum as the commission
ers shall direct, which sum shall be
not less than five thousand dollars If
the company has not done business In
the state during the last preceding
year, and may be in such further sum
as the commissioners shall determine,
upon a thorough investigation of the
financial condition of such company.
If such company has done business in
the state during the last preceding
year, such bond shall be fixed in sum
twenty-five per cent in excess of the
maximum amount disbursed by said
company to its patrons In this state in
any one month during the last proceed
ing year. In fixing the amount of the
bond last above referred to the COM
missioners shall require such company
to file in the Office of the secretary OF
state a sworn statement Of It's monthly
disbursements in thic state during the
last preceding year.
The commissioners may. at any
time in their discretion require such
company to file in like manner de-
tailed statements of the business trans
acted by it in this state, and may at
any time require it to give additional
bonds if in their judgment such fur
Their security becomes necessary for
the protection of the patrons Of such
company in this state
Sec. 4. Such company may contract
with It's patrons for the payment of
the several sums due them for butter,
cheese, cream and milk at such times
and in such manner as may be mu
tually agreed upon, but in the absence
OF agreement In respect thereto such
payments shall be due and payable on
the fifteenth day of each month for
all milk and cream delivered or fur
nished during the preceding calendar
month. At the time payment is made
as aforesaid such company shall fur
nish to each patron statement of the
number of pounds of milk and cream
delivered or furnished by him during
the period covered by the payment SO
made, together with the price allowed
for the same.
Sec. 5. If such company shall, for
the space of ten days after the date
agreed upon for the payment of the
several amounts due its patrons, and
without the consent of such patrons.
fail to pay them the several amounts
their due for butter. cheese, cream or
milk delivered or furnished by them:
or. in case no agreement as to time
and manner Of payment shall be made
by and between such company and its
patrons, IL such company shall, on or
before the twenty-fifth day Of any
month, without the consent of its pa
irons, fail TO pay them the several
amounts their due for milk and cream
delivered or furnished by them for the
preceding calendar month, such COM
pany shall by reason Of such non-pay-
ment be in default as to all patrons
whose milk and cream accounts shall
then remain unpaid in full, and the
bond hereinbefore provided for shall
be forfeited TO the extent of all sums
then due from such company to its
several patrons in this state, and by
virtue of such default the condition
Of its sal bond shall be deemed to be
broken.
Sec 6. All bonds required and fur
nished under the provisions Of this
act shall be given to the commission
ers as trustees Of the company fur
nishing the same. for each and all of
the patrons in this state and shall be
conditioned for the faithful perform
ance by such company of all the acts
prescribed for. and all the conditions
imposed upon. such company by this
act OF any amendments thereof, and