THE OBJECTS

Manawatu Herald, Volume III, Issue III, 23 June 1891, Page 4

THE OBJECTS

for wMfth <))o Association will he (•"S r.Mif. ! -otl nri'l j^viH's ('.enrae.! neccs nry for ii.-t eucceE3f'ai woiliiug are : — (1) To carry on ih<> husinoss of a Co- operative As ociation in all its brarches. (2) To liuy find s 11 poods, stcres, con urcmnllo os, chattels, and effects of all kinds. (3) To conduct the sales of the Association upon a cash, basis. (4) To offer facilities to farraers for the shipment of their produce to the various markets of the world, and to appoint agents in differfn' localities for the furtherance of this object . (5) To purchase, take on lease, or in exchange, hire, or otherwise acquire any rral and personal property, and any rights, patents, or privi eges necessary or convenient for the pur pose of the Association, and warehouses for the storage of grain and prodr.ee cf any land, and any land, buildings, easements, rni way sidinprs, machinery, [>lant, nnd stock-in-trade. (6) To comfmo\ maintain, at:d alter any building?, machinery, engines, p'an f . »"<1 works that may be deemed by th< j l)ir' dors necessary, convenient, or fit f-r he puvpose> of the Association or calculated directly or indirectly t» a-lvanco the interests of the Assooiati 1 n 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 oh igitio' s oi 1 sccurites of the or by mortgage or charge »;f all or any part of the property of tbo As-socia-tion, or of its uncalled capital, or in s:icli other mnnner as the Directors of the Association shall think fit. (8) To make, accept endorse, and execute promissory note«, bills of exchange, and other negoriable instruments. (9) To pnr.cb.ase or otherwise acquire and undertake all or anv part of the bnsine-s. property and liabilities of, and to amalgamate with any other Association, Company, firm, or person ; the objects of which shall be altogether, or in similar to those of this Association. 1 10) To invest moneys not immediately required upon such securities as may from time to time be approved of by the Directors. (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. (14) To extend the operations of the Association in any direction which may seem likely to benefit tLo members thereof. (15) To do all such, other things as are incidental or conducive to the attainment of the abo^e objects or anv of shorn. The preliminary expeusrs and those attending the promotion aud registration of the Association will be paid by tl;e Assoviition. The liability of the members is limited to the nominal value of the shares held by them. Application for shaves can be rcacle to the Secretary of the Company at his Office, National Mutual Company's Buildings ; or to the Brokers, at their Offices, Exchange Uuildinga, Lambton-^uay.