THE OBJECTS

Manawatu Herald, Volume III, Issue III, 30 June 1891, Page 4

THE OBJECTS

for V i'-li fie Aseocint'nn will lip ps 'nblishel arr"! powers deomod ne-icpp-nvv lor i:a .uecossfnl working arp:— (1) To oarry on (he busings of a Co-operative Association in all its branches. (2) To lmy nnd B'dl goods, sfcoros. eon.nmmnMe nrtie'es, chattels, and effec's of all hinds. (8) To conduct tlifi pales of the Association upon a cash basi?. (4") To offW facilities to farmors for the shipment of their produce to tlie various" markets of the -world, and to appoint ngenfs in different localities for tho fnitheracco of this object (5) To purchase, take on lease, or in exchange, hirp, or otherwise acquire any r^nl and personal proporty, nnd any rights, patents, or I'vivi'eaes lvepsfwy .r e nveniont for the purpose of the Association, nnd warehouses for the fitnrupe of grain and n-o .nee r f nny kind, and nny land, buildings, payments, rai way *iding-*, machinery . plant, nnd stock-in-tr-'/lp. (0) To conitrne^, maintain, and .Iter any hnildinc-s, machinery, oviginw, j^nn l . nnd works that may ")f deemed by th" Direot crs necessary .•inven'Piit, or fit f r !ip mrpf. ix of the Association or calculated directly ov indirectly to advance the inferos' s -)Ctho Associfttim or the members Miereof. (7) To borrow m- raise money hy the i sue of or upon bonds, debentures, bails of rxchnnge, promissory notes, or other üb'ig'»tio s 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 Directors of the Association sball think fit. (8) To make, accept endorse, and execute promissory note--, bills of ex'-lune-e, and other negotiable instruments. (9) To purchase or otherwise acquire and undertake all or any part of thfl business, property and liabilities of, and to amalgamate with any other Association, Company, firm, or person ; the objects of which ahall be altogether, or in ; art, similar to those of this Association. llO) To invest moneys nofc immediately required upon such securities as may from time to time he 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 receivo 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 tho Association. (14) To extend the operations of the Association in any direotion whicb may seem likely to benefit the members theieo'. (15) To do a'l such other things as nre incidental or eorducive to the attninmppt of the above objects or any of them. The preliminary expenses and those a' rending the promotion and registration of the Association will he paid by tlie Associ 'tion. The Haiti iiy of the members is limited to the nomh.al value of the she res heM by them. Application for shares can be made to the Secretary of tbe Company at his Offioe, National Mutual <'ompauy's Buildiigs ; or to th_ Brokers, .t their Offices, En change Buildings, j > Lambton-quay. I