When to be closed.

Statement to

The accounts of the syndicate are closed every year on the thirty-first of December.

Upon the closing of the fiscal term and during the first week be drawn up of January, a statement of the syndicate's affairs is drawn up respecting in duplicate by the secretary-treasurer, duly attested, and one of the duplicates is transmitted to the Minister of Agriculture.

accounts, &c.

Contents of

"1675eeee. Such statement shall be approved by the austatement ditor and contain: and approval by auditor.

Determination of profits.

Reserve fund, &c.

Signature to
contracts,
&c.

Exemption

a. The list of the associates on the thirty-first of December, the number of shares subscribed and the amount paid by each shareholder;

b. A summary statement of the assets and liabilities of the syndicate;

c. A statement of the year's operations, with an indication of the profits and losses;

d. All other information required for the purpose by the by-laws of the syndicate.

"1675ffff. The general meeting, taking such statement as a basis, determines the amount of the profits which it shall allot.

The syndicate may have a reserve fund equal to the subscribed capital. So long as the syndicate does not have such reserve fund, the total amount of dividends allotted yearly shall not exceed six per cent. on the paid up capital.

"1675gggg. All contracts, notes, cheques, orders or documents binding the syndicate shall be signed by the president or vice-president and by the secretary-treasurer duly authorized by the board of management.

"1675hhhh. The property of the syndicate is exempt from from taxes. all government taxes.

Dissolution

“1675ïïïï. If a syndicate cease for two years to own stock of syndicate for breeding purposes and to comply with the requirements of and liquithis section, the Minister of Agriculture may, on application of dation. the board of management, declare it dissolved, realize its property, use the proceeds to pay the debts of the syndicate, and divide the balance of the assets over the liabilities between the associates in proportion to the shares subscribed and paid up.

Responsibility and security of secretarytreasurer.

"1675. The secretary-treasurer of every syndicate is responsible to the syndicate for all the moneys received by him as such, and he shall give security to the amount fixed by

the board of management, to the satisfaction of the president and vice-president of such syndicate.

The security shall be renewed whenever required by the Renewal and syndicate and may be according to form D of this section."

form of security.

2. This act shall come into force on the day of its sanction. Coming into

FORM A

ACT RESPECTING STOCK-BREEDING SYNDICATES

(Mentioned in art. 1675nnn)

The undersigned declare that they become members of a stock-breeding syndicate, with limited liability, under the name of The Stock-Breeding Syndicate, with its principal place of business at (name of the place) in the county of (name of the county), and that they subscribe the amount of capital respectively indicated opposite their

⚫ force.

FORM B

NOTICE OF THE FORMATION OF A STOCK-BREEDING SYNDICATE PUBLISHED IN THE quebec offiCIAL GAZETTE.

(Mentioned in art. 1675nnn)

Notice is hereby given that a stock-breeding syndicate has been formed in the county of

under the name of "The

(or as the case may be) Stock-breeding

Syndicate.'

Minister of Agriculture.

FORM C

NOTICE TO THE PROTHONOTARY AND TO THE REGISTRAR

(Mentioned in art. 1675nnn)

Notice is hereby given that a stock-breeding syndicate has been formed in the county of

under the name of "The

(or as the case may be) Stock-breeding

Syndicate," the principal place of business whereof is in the

parish of

Stock-breeding

secretary-treasurer of The

to The

Syndicate, respectively acknowledge ourselves to be indebted Stock-breeding Syndicate, hereof accepting through its president and vice-president, in the sum of dollars for the use and profit of the said syndicate.

And by these presents we do bind ourselves, jointly and severally, our heirs and successors, one of us for the whole, without division or discussion, to the faithful and complete payment of the above mentioned sum in accordance with article 1675jjjj of the Revised Statutes.

The present bail-bond is made subject to the following conditions, viz:

In case the said

should well

and truly fulfill all the duties and obligations imposed on him
in his capacity of secretary-treasurer of The
Stock-breeding Syndicate, in the county of

and should apply the moneys in his hands for the purposes
and in the manner indicated by the board of management of
the syndicate and according to law, and should render a faithful
and honest account of the said moneys and of his operations
as such secretary-treasurer-then and in such case the present
bail-bond shall be void and of no effect; but, in the contrary
case, it shall remain valid and binding for the purposes of
article 1675jjjj of the Revised Statutes.

An Act to amend the law respecting the protection of settlers and the establishment of Homesteads

[Assented to 9th March, 1906]

[IS MAJESTY, with the advice and consent of the Legis

HIS MVO COTYcil wnd of the Legislative Assembly of Quebec,

enacts as follows:

1. Article 1744 of the Revised Statutes, as enacted by the R. S., 1744, act 60 Victoria, chapter 27, section 1, is amended by adding amended. thereto the following clause:

"The owner of the Homestead may, however, under the Homestead same conditions and upon observing the same formalities as may be hypothefor its alienation, hypothecate it and thereby render it sub-cated, &c. ject to seizure and sale."

2. This act shall come into force on the day of its sanction Coming into

force.

СНАР. 22

R. S., 1750.

An Act to amend the law respecting the Dairy Association of the Province of Quebec

H

[Assented to 9th March, 1906]

IS MAJESTY, with the advice and consent of the Legislative Council and of the Legislative Assembly of Quebec, enacts as follows:

1. Articles 1750 and 1751 of the Revised Statutes are and 1751, re- replaced by the following:

placed.

of associa

Composition "1750. The association shall be composed of at least fifty tion and dec- persons, who shall sign a declaration in the form of the schedule laration to annexed to this section; and every member of the association be signed by shall subscribe and pay, annually, a sum of at least one dollar to the funds of the association.

members.

Ex officio members. How declaration for that purpose is to be made.

Id., 1753, replaced.

Power of

The Minister and the Deputy Minister of Agriculture are ex officio members of the association.

"1751. Such declaration shall be made in duplicate, one to be written and signed on the first pages of a book to be kept by the association for the purpose of entering therein the minutes of their proceedings during the first year of the establishment of such association, and the other shall be immediately transmitted to the Minister of Agriculture, who, as soon as possible after its reception, causes to be published a notice of the formation of such association in the Quebec Official Gazette."

2. Article 1753 of the Revised Statutes is replaced by the following:

"1753. The association shall have power to make regulaassociation tions to prescribe the mode or manner of admission of new to make bylaws for cer- members, to regulate the election of its directors, and the engagement of the secretary-treasurer and other officers and employees of the said association, and, generally, the administration of its affairs and property."

tain pur

poses.

Id., 1753a, amended.

Premiums of

3. Article 1753a of the Revised Statutes, as enacted by the act 54 Victoria, chapter 20, section 1, and amended by the act 63 Victoria, chapter 16, section 1, is further amended, by adding thereto the following clause:

"It is lawful for the Minister of Agriculture to allow, in addiencourage- tion, to each syndicate inspector a premium of encouragement ment. varying from twenty-five dollars to one hundred dollars."