Bill 10 (Legislature 9, Session 4)

L9 S4 7615

Alberta — Bills

BILL No. 10 of 1944.

An Act to amend The United Farmers of Alberta Act, 1918. (Assented to .1944.)

WHEREAS a petition has been presented praying for the amendment to

an Act to Incorporate the United Farmers of Alberta, being

chapter 56 of the Statutes of Alberta, 1918, and it is expedient to grant the prayer of the petition; . Therefore His Majesty, by and with the advice and con sent of the Legislative Assembly of the Province of Alberta, enacts as follows,:

SHORT TITLE. 1. This, Act may be cited as "Uwited Farmers of Alberta Act, 1918, Amendment Act, 1944." 2. The Act to incorporate the United Farmers of Alberta, being

chapter 56 of the Statutes of Alberta, 1918, is hereby amended as to

section 2 thereof by adding the following sub sections: "(

c) To buy, sell and deal in, on a co-operative basis, by wholesale or retail, and as principal or agent; groceries, hardware, ,clothing, boots and shoes, and other forms of general merchandise, gasoline and petroleum products, farm products and all goods, wares, equipment and machinery used or required on farms, and to own and operate co-operative gen eral stores; "(

d) To carryon any o'ther business which may seem to the corporation capable of being conveniently car ried on in connection with its business or calculated directly or indirectly to enhance the value of or render profiitable any of the corporation's property or rights,; " (

e) To take, or otherwise acquire and hold, shares or membership in any other company, association or society having objects altogether or in part similar to those of the corporation, or carrying on any busi ness-capable of being conducted so a~, directly or indirectly, to benefit the corporation, and to sell or otherwise deal with the same." 3. The said Act is further amended as to

section 7 thereof by striking out the said

section and substituting the follow ing:

2 "7. The Directors may from time to time by by-law, "(

a) borrow money upon the credit of the corporation; " (

b) limit or increase the amount to be borrowed; "(

c) issue debentures or other securities of the corpora tion; " (

d) pledge or sell such debentures or other securities for such sums and at such pri,ces as may be deemed expedient; " (

e) mortgage, hypothecate, charge or pledge all ?T any of the real and personal property, undertakIng or rights of the corporation to secure any such. deben tures or other securities or any money borrowed or other liability of the corporation." 4. The said Act is further amended as to

section 9 thereof by striking out the said

section and substituting the follow ing: "9.- (

a) The affairs of the corporation shall be managed by a board of not less than nine directors, and the ,corpora tion may by by-law ena,cted at any general meeting provide that the directors may be divided into groups, one of which groups shall be elected each year for a term of not more than three years, and one group shall retire from office each year.

The corporation may also by by-law provide that in addition to the directors elected pursuant to this clause, the repre sentatives of other co-operative associations, declared to be affiliated with the corporation by resolution of the board, at meeting assembled for that purpose, may nominate not more than two persons who, upon resolution of the board, shall be considered members thereof for the term of one year, and thereupon the persons so nominated shall be deemed to have been duly elected members of the Board for the said term of one year. ' " (

b) The ,board of dire,ctors may appoint from among the members thereof one or more executive committees and delegate to such committee or committees such powers and authority as the board may consider expedient.

" (c) "The directors of the corporation may administer the affairs of the corporation in all things and make or cause to be made for the corporation any description of contract whi,ch the corporation may, by by-law enter into' and from time to time may pass by-laws, not' contrary t~ law, to regulate and provide for the qualification for and terms of membership, the qualification of, and election of directors, the appointment, retirement or removal of officers, agents or employees, the time and place for holding meetings ?f members and of directors, and the quorum at ~uch meetIngs and the procedure in all things at such meet Ings an~ generally the cO!lduct in all other particulars of th~ affaIrs of the corporatIOn not otherwise provided for in thIS Act; and may from time to time repeal, amend or reenact such by-laws;

3 "Provided however that every such by-law, excepting by-laws made with respect to agents, officers and servants ~f the corporation, and every repeal amendment or re enactment thereof shall only have effect until the next annual meeting of the corporation and in default of con firmation thereat shall, at and from that time, cease to have effect. "(

d) Notwithstanding anything contained in the last preceding paragraph or in this Act contained, the directors may by by-law provide that the members of the corporation, including all persons who shall become members shall be grouped into local societies, hereinafter referred to as "locals," formed upon the basis of territorial districts or such other basis as may be determined by such by-law, and may, from time to time, vary such territorial or other basis, and may group such locals into such number of territorial divisions as they may ,consider proper.

"Such by-law may further provide that each of the said locals shall be represented at the annual or other meeting of the corporation by a delegate or delegates chosen or selected in such way or upon such basis as may be set out in the said by-law, upon the passing of such by-law. Such delegate or delegates alone shall have the right to vote at any annual or general meeting of the corporation, and shall have the same power at such meetings as the members would have had if said by-law had not been passed.

"For the purpose of the election of directors the by-law may provide that the delegates present at any annual meet ing of the corporation shall meet in district groups a,ccord ing to the district in which the local represented by each is placed and each district group shall elect a director, and the directors so elected shall be deemed to have been elected by the delegates present at the meeting. 5. The said Act is further amended as to

section 10 by striking out the said se,ction and substituting the following: "10. The directors, each year, shall apportion the surplus arising from the business of the corporation in the follow ing manner: "(

a) By setting aside such amount as the directors may deem necessary for and as a reserve fund; "(

b) By setting aside not more than five percent of the net surplus for a co-operative education or wel fare fund; " (

c) The remainder of the surplus shall be divided among the patrons and members in proportion to the volume of business which they and each of them may have done with the association. 6. This Act shall come into force on the day upon which it is assented to.

FOURTH SESSION NINTH LEGISLATURE 8 GEORGE VI 1944 BILL

An Act to amend The United. Farmers of Alberta Act, 1918. Recei ved and read the First time., ............. . Second time Third time ....................................... . MR. COOK. EDMONTON: A Shnitka, King's Printer 1944 Title: 1944 (9th, 4th) Bill 10,

An Act to amend The United Farmers of Alberta Act, 1918

Document details

Collection	Alberta — Bills
Citation	L9 S4 7615
Type	bill
Volume / chapter	L9 S4 7615
Language	en
Format	json
Source	PROVINCIAL
Identifier	5d4952f82061d3d2f8778032af521e7b632b610b

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