THE OBJECTS

Manawatu Herald, Volume III, Issue III, 27 June 1891, Page 4

THE OBJECTS

for which the Association will he estahlished and powers deemed neoes^ary for its successful working are: — ' • (1) To carry on the husineas of a Co-operative Association in all its branches. (2) To buy and sell goods, stores, conMiroraaWe r.rtic'es, chattels, and effects' 6f all kinds. ' (8) To conduct \he sales of the Association upon* a cash basis. :i (4) ,To offer facilities to farraors"tor the Rhipmenjb of their produce to. 'tne various" markets of the world, f^nd to appoint agents in different. 'localities for the furtherance of this object . 1 ' (6) 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 foi" -the storage of grain and prpdnoe of any kind, and any land, buildings, r ; easements,- railway eid-jinp-s, machinery, plant, andstook-in- ! trade. ' . (6) To con3traot, maintain, and [alter any buildings, maohiuery, i engines, plant, and works that may bo deemed by the Directors necessary, convenient, or fit for the 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 hy mortgage' or charge of all or any part 6f the property of the ; Association, or of its uncalled capital, or in o,ther manner as the Directors of the Association shall. think fit. (8) To make, accept, endorse, and execute -promissory note?, bills of ■ exchange, and other negotiable instruments. ' (9) iTo purchase; or otherwise apquire .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, similar to those of this Association. 1 10) To invest moneys pot jmjned^ately rqquj^d^jipqn . su6h a s s may from time to time be approved of by the Directqr)3. , ; . „, ', (11) To make advances to membbrs o^. the Association, supb. real or' personal securities as may from^imeto'tiine be approved of by \he Directors. . (12) To' receive money on deposit at interest or otherwise. (13) To sell, : exchange, improve," manage, develop, lease, mortgage; dispose of; or otherwise deal withall o^ yny'part of the property of the Association/ : . V '"■"•"■ > . , (I*4 V'T'o extend 1 the operations of t%e : ; Ass6biation ' in' any direction 1 whicn' may seeni Ukely to benefit the meinb^s thereof^ ■ .••' -.-. , ; (16)' To 96 all : such other- things' as are incidental or conducive to the 1 of che ! abbve objects or 'any of them. , , ■ : ' ■ " r The" prelirnihary "expenses' arid '*th6se a-tjiehding the ; 'promotion' and! regMtrWioii . of the Association will "be'.pW.hy the 'Associ'«tibn. -. The ikbiiity of ]bhe members' is limited (6 J the nominal value of the shafesheld by them. ■. ] ' ■ - . Application for shares can be made to the Secretary of the Company at hi§. jQffipe,; National Mutual CompanyV Building^-; or to the Brt>kersV nt their Offices, Exchange Buildings, Lambton-cuiay.