120 BULLETIN 110 6, U. S. DEPARTMENT OF AGRICULTURE 
granted by the laws of this State to ordinary corporations, except such as are 
inconsistent with the express provisions of this act ; and to do any such thing 
anywhere. 
7. Members. — (a) Under the terms and conditions prescribed in the by-laws 
adopted by it, an association may admit as members, or issue common stock to, 
persons only engaged in the production of the agricultural products to be 
bandied by or through the association, including the lessees and tenants of 
land used for the production of such products and any lessors and landlords 
who receive as rent all or part of the crop raised on the leased premises. 
(&) If a member of a nonstock association be other than a natural person, 
such member may be represented by any individual, associate, officer, or manager 
or member thereof, duly authorized in writing. 
(c) One association organized hereunder may become a member or stock- 
holder of any other association or associations organized hereunder. 
8. Articles of incorporation. — Each association formed under this act must 
prepare and file articles of incorporation, setting forth : 
(a) The name of the association. 
(6) The purposes for which it is formed. 
(c) The place where its principal business will be transacted. 
(d) The term for which it is to exist, not exceeding fifty (50) years. 
(e) The number of directors thereof, which must be not less than five (5) and 
may be any number in excess thereof ; the term of office of such directors ; and 
the names and addresses of those who are to serve as incorporating directors 
for the first term, or until election and qualification of their successors. 
if) If organized without capital stock, whether the property rights and 
interests of each member shall be equal or unequal ; and if unequal, the general 
rule or rules applicable to all members by which the property rights and inter- 
ests, respectively, of each member may and shall be determined and fixed ; and 
provision for the admission of new members who shall be entitled to share in 
the property of the association with the old members, in accordance with 
such general rule or rules. This provision or paragraph of the articles of 
incorporation shall not be altered, amended, or repealed except by the written 
consent or vote of three-fourths of the members. 
(g) If organized with capital stock, the amount of such stock and the number 
of shares into which it is divided and the par value thereof. 
The capital stock may be divided into preferred and common stock ; if so 
divided, the articles of incorporation must contain a statement of the number of 
shares of stock to which preference is granted and the number of shares of stock 
to which no preference is granted and the nature and definite extent of the 
preference and privileges granted to each. 
The articles must be subscribed by the incorporators and acknowledged by 
one of them before an officer authorized by the law of this State to take and 
certify acknowledgments of deeds and conveyances ; and shall be filed in accord- 
ance with the provisions of the general corporation law of this State ; and when 
so filed the said articles of incorporation, or certified copies thereof, shall be 
received in all the courts of this State and other places, as prima facie evidence 
of the facts contained therein and of the due incorporation of such association. 
A certified copy of the articles of incorporation shall also be filed with the Dean 
of the College of Agriculture of the University of Kentucky. 
9. Amendments to articles of incorporation. — The articles of incorporation 
may be altered or amended at any regular meeting or any special meeting 
called for that purpose. An amendment must first be approved by two-thirds 
of the directors *and then adopted by a vote representing a majority of all the 
members of the association. Amendments to the articles of incorporation, when 
so adopted, shall be filed in accordance with the provisions of the general cor- 
poration law of this State. 
10. By-laws. — Each association incorporated under this act must, witbin 
thirty (30) days after its incorporation, adopt for its government and manage- 
ment, a code of by-laws not inconsistent with the powers granted by this act. 
A majority vote of the members or stockholders or their written assent, is neces- 
sary to adopt such by-laws. Each association, under its by-laws, may provide 
for any or all of the following matters : 
(a) The time, place, and manner of calling and conducting its meetings. 
(&) The number of stockholders or members constituting a quorum, 
(c) The right of members or stockholders to vote by proxy or by mail or 
both ; and the conditions, manner, form, and effects of such votes. 
id) The number of directors constituting a quorum. 
