27 



cants shall be eoustrueiT " provisional directors " and shall possess the ixtwers 

 and antliority mentioned in and conferred by any order in council for managing 

 the affairs of the association nntil the first annual election of officers, and under 

 this act the association shall |)ossess all the jiowers of an incorporated company 

 under the "Companies act, ISltT." to hold property, to sue and he sued, make 

 by-laws, and do all things necessary and purtenant to the carrying on of any 

 business for the nuitual benefit and profit of the members subscribing and 

 holding stock : rrovldcd alirai/f) — 



[(I) That a notice of incor])oration containing the names of such applicants be 

 published in the British Columbia (Jazette, for which a fee of ten dollars shall 

 be charged ; 



(/;) That no subscriber may hold or thereafter aciiuire more than one-tenth 

 of the stock allotted by the association; 



(c) That twenty-five per cent of the capital stock be subscribed at the time of 

 making aiijilication ; 



(rf) That all elections shall be by ballot, and each member shall be entitled 

 to one vote only. 



ISA. Every farmers' institute organized prior to the 20th day of May, 189S, 

 and every association incorjiorated iirior to said 20th day of May. 1S9S, under 

 section 1;" of this act. shall be deemed to have been duly and completely organ- 

 ized or incorporated, as the case may be. according to law, and to have complied 

 with and fulfilled every condition and requirement made and imposed by law 

 in that behalf. 



in. It shall be the duty of the secretary of the association so organized to 

 make a return to the superintendent within thirty days after the first of Janu- 

 ary in e?ich year, containing a full statement of the affairs of the association 

 for the year last past, which shall include a duly audited and certified balance 

 sheet, the number of stockholders and the amount of stock held by each, the 

 paid-up capital, assets, and liabilities, the number and class of employees, the 

 rate of wages paid in each case, the quantity and value of output, and the 

 quantity and v.-ilue of goods sold and exported. Such statement shall be certi- 

 fied to by the secretary as correct and by the president, or in his absence by. 

 two of the directors. 



17. The procedure for the liquidation, winding up. and disposal of the busi- 

 ness of any associaticm under this act shall be that iirescribed by the lieutenant- 

 governor in council by order in council from time to time in that l)ehalf. 



18. The penalty for infraction of section 10 of this act shall be a fine of not 

 less than one dollar and not more than twenty dollars for each offence upon 

 summary conviction before a stipendiary magistrate or two justices of the peace 

 having jurisdiction in the district, who shall have power to inqxose costs and 

 order distraint in default of payment. 



19. It shall be competent for any agricultural, horticultural, or dairyman's 

 association at present in existence to be incori)orated or amalgamated with the 

 district farmers' institute in which such association is situated upon the nuijor- 

 ity vote of tlie members of such association at the regular meeting being passed 

 in its favor, providing that prior to the holding of such regular meeting at least 

 sixty days' notice shall be given in writing to the members of the intention 

 to move a resolution to that effect, and if thought advis.ible by a notice pub- 

 lished in a newspaper circulating in each division ; and in case of such incor- 

 poration or amalgamation the combined associations and district institute shall 

 be entitled to any moneys voted by the legislature in supi^trt of any association 

 or institute so incorporated or amalgamated. an<l shall, in addition to its proper 

 rights. ])owers. and ])rivileges, have, and may exercise, all tlie corporate rights, 

 powers, and privileges of such combined associations and institutes: Alirays 



