The Laws of Texas, 1929-1931 [Volume 27] Page: 26 of 1,943
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14 GENERAL 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.
(h) To act as a stablization corporation when recognized
as such under the provisions of the Agricultural Marketing Act
of the Congress of the United States approved June 15, 1929,
and when so acting to have power to deal in the products of
non-members without regard to the provisions of Article 5740
supra.
Article 5742-A. All the power and authority authorized or
given in Article 5742 is hereby conferred and given to Farmer's
Co-operative Societies now organized, or may be hereafter organized,
under Chapter 5 of Title 46, of the Revised Civil Statutes
of 1925, including the power to organize, own stock in,
manage and control a joint agency or corporation for the accomplishment
of the purpose for which they are incorporated.
SEC. 4. Article 5743 of the Revised Civil Statutes of 1925
is hereby amended so as to read as follows:
Article 5743. Members.-(a) Under the terms and conditions
prescribed in its by-laws, an association may admit as
members, or issue common stock, only to persons engaged in
the production of the agricultural products to be handled 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 part of the crop raised on
the leased premises. (b) If a member of a non-stock association
be other than a natural person, such member may be
presented by any individual, associate officer or member thereof,
duly authorized in writing. (c) Any association as defined
in Article 5738 (c) may become a member or stockholder of
any other association or associations organized hereunder.
SEC. 5. Article 5746 of the Revised Civil Statutes of 1925
is hereby amended so as to read as follows:
Article 5746. By-Laws.--Each association incorporated under
this Act must, within thirty days after its incorporation,
adopt for its government and management, a code of by-laws,
not inconsistent with the powers granted by this law. A majority
vote of the members or stockholders, or their assent, is
necessary to adopt such by-laws. Each association, under its
by-laws may also provide for any or all of the following matters:
(a) The time, place and manner of calling and conducting
its meetings. (b) The number of stockholders or
members constituting a quorum. (c) The right of members
or stockholders to vote by proxy or by mail or by both and the
conditions, manner and effects of such vote and the method and
manner in which an association which is a member may cast
its vote. (d) The number of directors constituting a quorum.
(e) The qualifications, compensation and duties and term of
office of directors and officers; time of their election and the
mode and manner of giving notice thereof. (f) Penalties for
violations of the by-laws. (g) The amount of entrance, organization
and membership fees, if any; the manner and method
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Gammel, Hans Peter Mareus Neilsen. The Laws of Texas, 1929-1931 [Volume 27], book, 1931; Austin, Texas. (https://texashistory.unt.edu/ark:/67531/metapth16362/m1/26/: accessed April 26, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; .