THE OBJECTS

Manawatu Herald, Volume III, 18 June 1891, Page 4

THE OBJECTS

for wliich the Association will be ps'ablished and powers deemed necessary for its successful working are : — (1) To carry on the business of a Co operative Association in all its branches. (2) To buy and sell goods, stores, contummable nrtic'es, chattels, and effects of all kinds. (8) To conduct the sales of the Association upon a cash basis. (4) To offer facilities to farmers for the shipment of their produce to the various markets of the world, and to appoint agents in different localities for the furtherance of this object. (5) To purchase, take on lease, or in exchange, hire, or otherwise acquire any real and personal property, and any rights, patents, or privileges necessary or convenient for the purpose of the Association, and warehouses for the storage of grain and produce of any kind, and any land, buildings, easements, railway sidingß, machinery, plant, and stock-in-trade. (6) To construct, maintain, and alter any buildings, machinery, engines, plant, nnd works that may be deemed by thp Directors necessary, convenient, or fit for 'he purposes of the Association or calculated directly or indirectly to advance the interests of the Association or the members thereof. (7) To borrow or raise money by the issue of or upon bonds, debentures, bills of exchange, promissory notes, or other obligations or securites of the Association, or by mortgage or charge of all or any part of the property of the Association, or of its uncalled capital, or in such other manner as the Direotors of the Association shall think fit. (8) To. make, accept, endorse, and execute promissory notes, bills of exchange, and other negotiable instruments. (9) To purchase or otherwise acquire and undertake all or any part of the business, property and liabilities of, and to amalgamate with any other Association, Company, firm, or person ; the objects of which shall be altogether, or in part,-simi-lar to those of this Association. To invest moneys not immediately required. upon suoh securities as may from time to time be approved of % the Directors. 1 (11) To make advances to members of the Association, upon such real, or personal securities as may from time to time be approved of by the Directors. (12) To receive money on deposit at interest or otherwise. (18) To sell, exchange, improve, manage, develop, lease, mortgage, dispose of, or otherwise deal with all or any part of the property of the Association. 1 (14) To extend the operations of the Association in any direotion which may seem likely to benefit the members thereof. (16) To do all such other things as are incidental or conduoive to the attainment of the above objeots or any of them. The preliminary expenses and those attending the promotion and registration of the Association will be paid by the Association. The liability of the members is limited to the nominal value of the shares held by them. Application for shares can be made to the Secretary of the Company at his Office, National Mutual Company's Buildings ; or to the Brokers, at their Offices, Exchange Buildings, Lambton-quay,