Consumers' Cooperative Statutes and Decisions, to January 1, 1937: The Consumers' ProjectU.S. Government Printing Office, 1937 - 219 pages |
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Page 29
... preferred dividends , reserves or other specified charges . Such contracts must be for a specified time , not less than 1 year . Each contract shall fix a period of at least 10 days during each year after the first , within which either ...
... preferred dividends , reserves or other specified charges . Such contracts must be for a specified time , not less than 1 year . Each contract shall fix a period of at least 10 days during each year after the first , within which either ...
Page 31
... preferred stock . Par value stock shall not be issued for less than par . The general corporation laws shall govern the consideration for which no - par stock is issued . If the articles so provide , common stock may be issued in two ...
... preferred stock . Par value stock shall not be issued for less than par . The general corporation laws shall govern the consideration for which no - par stock is issued . If the articles so provide , common stock may be issued in two ...
Page 32
... preferred stock thus issued . Such preferred stock shall be valid as though paid for in cash . ( G. A. 1935 , ch . 94 , § 25. ) § 8512 - g26 . Service charges . - Unless the articles otherwise provide , the bylaws or the directors may ...
... preferred stock thus issued . Such preferred stock shall be valid as though paid for in cash . ( G. A. 1935 , ch . 94 , § 25. ) § 8512 - g26 . Service charges . - Unless the articles otherwise provide , the bylaws or the directors may ...
Page 33
... preferred stock . In such event the deferred patronage dividends credited to members shall constitute a charge on the revolving fund and future additions thereto , and on the corporate assets , subordinate to creditors and preferred ...
... preferred stock . In such event the deferred patronage dividends credited to members shall constitute a charge on the revolving fund and future additions thereto , and on the corporate assets , subordinate to creditors and preferred ...
Page 37
... preferred stock and any dividends accrued thereon . To pay any deferred patronage dividends or certificates issued therefor . If the fund is insufficient to pay them all , it shall be prorated regardless of the priority specified in ...
... preferred stock and any dividends accrued thereon . To pay any deferred patronage dividends or certificates issued therefor . If the fund is insufficient to pay them all , it shall be prorated regardless of the priority specified in ...
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Common terms and phrases
adopted agricultural amount of capital annotation to section annual articles of association articles of incorporation asso association organized Atty board of directors certificate of incorporation chapter ciation common seal common stock complied contract Coop cooperative association cooperative corporation cooperative marketing cooperative plan cooperative statute corporation or association corporation organized court dairy debts deemed director or officer distribution earnings elected entitled exceed held holders indebtedness issued liability majority vote manner membership name or title nonmembers nonstock notice number of shares paid paid-up capital stock par value patronage dividends payment percent person place of business poration preferred stock principal place profits proxy proxy voting purchase purpose recorder of deeds register of deeds regular or special repealed reserve fund selling shareholders shares of stock signed society special meeting stockholders term cooperative thereof thereto tion transfer word cooperative
Popular passages
Page 88 - ... for as many persons as there are directors or managers to be elected, or to cumulate said shares, and give one candidate as many votes as the number of directors multiplied by the number of his shares of stock shall equal, or to distribute them on the same principle among as many candidates as he shall think fit; and such directors or managers shall not be elected in any other manner.
Page 26 - Associations organized hereunder shall be deemed non-profit, inasmuch as they are not organized to make profit for themselves, as such, or for their members, as such, but only for their members as producers. This Act shall be referred to as the "Co-operative Marketing Act.
Page 121 - The officers of every such association shall be a president, one or more vice presidents, a secretary, and a treasurer, who shall be elected annually by the directors, and each of said officers must be a director of the association.
Page 162 - No corporation shall issue stock or bonds, except for money paid, labor done, or property actually received, and all fictitious increase of stock or indebtedness shall be void.
Page 22 - ... must be a director of the association. The office of secretary and treasurer may be combined, and when so combined the person filling the office shall be secretarytreasurer.
Page 110 - To buy, hold and exercise all privileges of ownership, over such real or personal property as may be necessary or convenient for the conduct and operation of any of the business of the association, or incidental thereto.
Page 115 - Any association may, upon resolution adopted by its board of directors, enter into all necessary and proper contracts and agreements and make all necessary and proper stipulations, agreements, and contracts and arrangements with any other cooperative corporation, association, or associations formed in this or in any other State, for the cooperative and more economical carrying on of its business or any part or parts thereof. Any two or more associations may, by agreement between...
Page 104 - Act, whether limited by shares or by guarantee, shall paint or affix, and shall keep painted or affixed, its name on the outside of every office or place in which the business of the company is carried on, in a conspicuous position, in letters easily legible...
Page 126 - ... capital stock to an amount which at par value would equal the fair market value of the stock or interest so purchased, as determined by the board of directors. In that case the transfer to the association of the stock or interest purchased shall be equivalent to payment in cash for the shares of stock issued.
Page 64 - ... to contract accordingly; and in addition to exercise and possess all powers, rights and privileges necessary or incidental to the purposes for which the association is organized or to the activities in which it is engaged; and, in addition, any other rights, 'powers and privileges 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.