Section 2-10-94 – Board of Directors.
Section 2-10-94 Board of directors. The affairs of an association incorporated under this article shall be conducted, controlled and managed by a board of directors of such number, not to be less than five, and with such terms of office as may be provided by the bylaws. The said directors shall be elected by the […]
Section 2-10-95 – Election and Duties of Officers.
Section 2-10-95 Election and duties of officers. The board of directors shall elect from its number a president and one or more vice-presidents. It shall also elect a secretary and a treasurer who need not be directors, and it may combine the two latter offices and designate the combined office as secretary-treasurer. The duties of […]
Section 2-10-96 – Voting by Mail or Proxy; Fees and Dues.
Section 2-10-96 Voting by mail or proxy; fees and dues. The bylaws may provide, among other things, for voting by the members by mail or by proxy in writing and for membership fees and dues and shall provide how membership in the incorporated association may be acquired and lost. (Acts 1935, No. 220, p. 604; […]
Section 2-10-97 – Membership.
Section 2-10-97 Membership. Under the terms and conditions prescribed in its bylaws, an association may admit as members or issue common stock or certificates of membership only to persons engaged in the production of agricultural products, including the lessees and tenants of land used for the production of such products and lessors and landlords who […]
Section 2-10-98 – Organization With Capital Stock.
Section 2-10-98 Organization with capital stock. Incorporated associations may be organized under this article with capital stock at the option of the organizers. In that event the association shall be organized by the same method and for the same recording fee as in the case of those associations organized without capital stock, except that the […]
Section 2-10-99 – Powers of Association.
Section 2-10-99 Powers of association. An association incorporated under this article shall have the power to: (1) Contract and be contracted with; (2) Borrow and lend money; (3) Issue notes, bonds and other obligations and secure the payment of the same by mortgage or otherwise; (4) Buy, contract for, own, sell, convey, pledge, mortgage and […]
Section 2-10-100 – Associations May Federate.
Section 2-10-100 Associations may federate. Associations incorporated under this article may, in carrying out their purposes, become members of and enjoy the facilities and cooperation of any federation whose members are agricultural societies, organizations or associations whose purposes and operations are in any way promotive of and not inconsistent with the purpose of this article. […]
Section 2-10-101 – How Federation Organized and Managed.
Section 2-10-101 How federation organized and managed. Five or more associations or corporations organized under this article, or whose purposes and operations are in any way promotive of, and not inconsistent with, the purposes of this article, whether incorporated under this article or not, may organize and incorporate a federation with such incorporated associations as […]
Section 2-10-102 – Powers of Federation.
Section 2-10-102 Powers of federation. Any federation incorporated under Section 2-10-101 for the purpose of carrying out the purposes of this article and the rendition of services to its constituent members and their members shall have all the rights, powers, privileges and immunities given its constituent members as an incorporated association under this article. The […]
Section 2-10-103 – Charges for Expenses and Creating Reserve; Patronage Dividends.
Section 2-10-103 Charges for expenses and creating reserve; patronage dividends. An association incorporated under this article may make charges to its members and deductions from the proceeds of their products for services rendered to them, for the purpose of paying the expenses of operation and the maintenance and development of such association and for the […]