THE OBJECTS

Manawatu Herald, Volume III, 20 June 1891, Page 4

THE OBJECTS

for which' ''the' Association will bo established and powers deeinpd ne-ces-ary lor its successful working are: — (1) To carry on tlio business of a , Co opera tivo AB-ociatiou in all its branches. (2) To buy and s 11 poods, stores, cont-ummul'le mtic'es, chattels, and effects of all kinds. (8) To conduct the sales of the Association upon a cash basis. (4) To offrr- 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 exchauge, hire, or otherwise acqnirfl any real and personal property, and any rights, patents, or privi eges npcessflrv or convenient for the pur pose of the Association, and warehouses for the stores of grain and produce cf tiuy kind, and any. land* buildings, eiwempntfl, r«i way sidinps, mncliinory, | lant, mid stock-in-trade. ; (6) 'I'o construe 1 , nifdnt.iin, aud niter any bui'dinjrs, machinery, engines, |> an', m^l \vuy\i< that" miiy lip df fttned by th-Diri ctnrs necessary oonveniMit, or lit f r lie purp' so of | the Association or calculated directly or indirectly t'i ivlvanco i ho interests of the Associati n or the members thereof. (7) To borrow or raise money by the issue of or upon boiids, debentures, bills- of fxehnnge, .promissory notes, or other ob ig a;o s or becurites of tho Association, or \>y .mortgage , or charge of all or any part of the property of the Association, or of its uncalled capital, or in such other m'nnner'ds the Directors of the Association shall think lit. (8) To make, accept endorse, and execute promissory note-, bills of exchange, and other lKgoaablo instruments. (9) To purchase or ' otherwise acquire and undertake all \ r any. part of Jli« business , property and liabilities of) hnd'to amalgamate with tiny other Association, , Compnny, firm, or person; the objects oi which shall be altoge her, or in t art, similar to those of this Association. '•" (10) To invest moneys not immediately required ugou such securities as.may frojfq tiipe |(|,timo jje r approved of by the?Bk6etors. - (11) To make advances to.me.m-. bers'bf'the Association,' iipoii Wu'ch real or personal securities as may from time to tiiie.be apprdved of by the Dkectorsi * .-, (12) To receive money on deposit kt interest' or otherwise. ■ . ' (18) To sell, exchange, improve, manage, idovelbp, lease, mortgage, dispose of, or otherwise deal with all or any part of the property of tho Association. ■ ■••■ • (14)-iTi) extend the operations of the Association • -in 1 any : direction which, niay seem ■ '-likely to benefit the memberß thereof. ■■'■■ ■■■ ■< (15) To doall !6uch other things as aria in idental or conducive to the attainment of the above objects or any of them. :. •: ■■', i :•■ : :The preliminary expenses and t^oea.attendinglfhe promotion 'and 'registration of the Association will be pay...iby, tbe Association i .■ ' , /. Theftiiability, 1 of the members is limitedflo. the nominal value of the .shares.beld.by them. • ■• '■ . Applioation;for shareSjCau be made • o tii^ Secretary of the Company at Liis Ofifice, National Mutual Company's Buildings ; .or to the Brokers, st tlre'ir 'Offices, Eyohan^e Buildings, Lambton-quay. ! ' "