Powers of investment Power to hold moneys or securities Liability Government of association and either alone or in conjunction with others, and gen-. erally do all such other things as are conducive to the attainment of the objects of the association. "12. The association may invest and deal with the moneys of the association not immediately required in such manner as may from time to time be determined, and may apply the net profits of all business carried on by the association to any provident purpose or distribute the same amongst the members, bondholders, debenture holders, or customers or employees of the association on the co-operative plan rateably or otherwise as may seem expedient. "13. The association may receive, take and hold any moneys or securities or real and personal property whatsoever by way of gift or donation or upon any specific trust for the purpose of forwarding any of the objects of the association, subject to any limitations or trusts attached thereto in the acquisition thereof, whether acquired as membership fees or otherwise, and any such moneys, securities or property heretofore or hereafter acquired in trust shall not be liable to the creditors of the association, nor shall the association have power to pledge the credit of the association thereon. "14. The liability of the members of the association shall be limited to the amount (if any) unpaid for membership fees or unpaid upon any bonds or debentures respectively held by them. "15. The association shall be governed by the constitution, rules and regulations passed at the central association thereof at the annual convention thereof holden at Regina on the twelfth day of February, A.D. 1915, and any bylaws, rules and regulations made thereunder, subject to amendment in accordance with the said constitution." 1915 CHAPTER 37 An Act to amend The Agricultural Co-operative [Assented to June 24, 1915.] HIS IS Majesty by and with the advice and consent of the s. 2 (3), 1. Subsection (3) of section 2 of The Agricultural Co- 1913, c. 62, operative Associations Act, being chapter 62 of the statutes repealed of 1913, is repealed. 2. Section 5 of the said Act is repealed and the following 1913, c. 62, substituted therefor: s. 5, repealed "5. The said subscribers and such other persons as may Incorporation thereafter become shareholders in the said association shall thereupon become and be a body corporate and politic under its registered name, with power to carry on the said business and to do anything incidental to the attainment of the said objects, and to forward the interests of farmers and ranchers in every legitimate way, and to purchase, acquire, hold and dispose of real property in Saskatchewan required for the purposes of the association, and to alienate the same at pleasure. in funds of with similar "(2) The said association may contribute to the funds or Investment capital of any company, association or society incorporated by associations any special Act of the Province of Saskatchewan, having objects objects wholly or in part similar to the agricultural co-operative associations, and may subscribe for, purchase, hold, acquire or dispose of bonds, debentures or securities thereof. activities of Grain Growers' "(3) Any association may enroll its shareholders, patrons, May share in customers, or associate members as members of The Saskat- Saskatchewan chewan Grain Growers' Association and may appoint dele Association gates to the convention of The Saskatchewan Grain Growers' Association and otherwise participate in its government and activities; and may enter into any arrangement for joint purchase, sharing profits, union of interests, co-operation, joint adventure, reciprocal concession or other plan to further the objects of either association, with the said Saskatchewan. Grain Growers' Association, including the lending of money to and guaranteeing the contracts of each other. Payment in cash Power to pledge credit Limitation on sales Every association a company Section 25 amended Association apparently out of business "(4) The association shall, except as hereafter provided, pay for all goods purchased upon delivery: "Provided that any association may purchase upon credit from any other agricultural co-operative association or any company, association or society incorporated by any special Act of the Province of Saskatchewan having objects wholly or in part similar to the agricultural co-operative associations. "(5) No association shall sell its goods, wares or merchandise to its shareholders, patrons or customers except for cash. No credit shall be given. "(6) The directors shall not have power to pledge the credit of the association except as aforesaid or for the purchase price or rental of business premises, salaries and incidental expenses, or for moneys temporarily borrowed to pay for goods purchased or expenses incurred in connection therewith or the shipment thereof. "(7) The association, in so far as transactions in farm supplies are concerned, shall, after December 31, 1915, sell only to its shareholders and members of The Saskatchewan Grain Growers' Association. "(8) Every association shall be deemed to be a company within the meaning of section 131 of The Companies Act." 3. Section 25 of the said Act is hereby amended by adding the following as subsection (2): "(2) When the registrar has reasonable cause to believe that an association is not carrying on business or is not in operation, he shall send to the secretary of the association, by post, a letter inquiring whether the association is carrying on business or is in operation: "(a) If the registrar does not within one month of sending the letter receive an answer thereto, he shall within fourteen days after the expiration of the month send to the secretary of the association, by post, a registered letter, referring to the first letter and stating that no answer thereto has been received by him and that if an answer is not received to the second letter within one month from the date thereof a notice will be published in The Saskat chewan Gazette with a view to striking the name of the association off the register; "(b) If the registrar receives an answer from the asso ciation to the effect that it is not carrying on business or in operation, or does not within one month after sending the second letter receive an answer thereto, the registrar may publish in the said gazette and send to the association a notice that at the expiration of one month from the date of that notice the name of the association mentioned therein will, unless cause is shown to the contrary, be struck off the register and the association dissolved ; "(c) At the expiration of the time mentioned in the notice the registrar may, unless cause to the contrary is previously shown by such association, strike the name of such association off the register, and in such case he shall publish the notice thereof in the gazette; and on the publication in the gazette of such last mentioned notice the association, whose name is so struck off, shall be dissolved." Outside dealer's license Application Form A Form B Change of agents License to commercial travellers Authority under license H 1915 CHAPTER 38 An Act respecting Liquor Licenses. [Assented to June 24, 1915.] IS Majesty by and with the advice and consent of the 1. Liquor sellers whose chief place of business is outside Saskatchewan but who wish to take orders in the province for liquor to be shipped in from a point outside, may obtain a license therefor, to be called an outside dealer's license, but such license shall not be considered as authorising either the principal or any commercial traveller or agent of such principal to keep a stock of liquor in Saskatchewan, and no commercial traveller's license shall be granted under the provisions of section 2 of this Act except to persons representing principals duly licensed under the provisions hereof. (2) Such license may be granted on a written application showing where the applicant's chief place of business is situated, and giving the name and address of an agent in Saskatchewan who shall keep account of all sales made by the applicant in Saskatchewan, and shall pay to the government monthly the fees hereinafter provided. (3) Such application shall be in form A in the schedule to this Act, and shall be accompanied by a fee of $100. (4) Upon receipt of the application a license shall be issued in form B in the schedule to this Act, which license shall expire on the thirtieth day of June in each year, subject however to the right of the holder to renew the same on paying the fees hereinafter mentioned. (5) Upon any change of agents the principal shall immediately notify the attorney general of the name and address of the new agent who is to perform the duties required by subsection (2) of this section. 2. Licenses may be issued to commercial travellers upon the conditions hereunder mentioned. (2) Under such license a commercial traveller or commercial agent therein named representing principals whose chief place of business is outside Saskatchewan may take orders in Saskatchewan for liquor to be imported or shipped into Saskatchewan to fill orders taken by such commercial traveller or |