CORPORATIONS 991

An. Code, 1924, sec. 422. 1922, ch. 197, sec. 472.

434. The articles of incorporation of any association organized under
this sub-title or which may elect to come under the provisions of this sub-
title may be amended in the following manner: The board of directors,
by majority vote of its members, may pass a resolution setting forth the
full text of the proposed amendment and also the full text of such section
or sections as may be repealed by such amendments. Upon such action by
the board of directors, notice shall be mailed to each and every member
containing a copy of the resolution so adopted, the full text of the pro-
posed amendment and also the full text of such section or sections as
may be repealed by such amendment. Such notice shall also designate the
time and place of the meeting at which such proposed amendment shall
be considered and voted upon, in the same manner as elsewhere provided
in this sub-title. If a quorum of the members is registered as being present
or represented by mail votes at such meeting, a majority of the members
so present or represented by mail vote, may adopt or reject such proposed
amendment; provided that no amendment may be adopted inconsistent
with Section 432.

Said power to amend shall include the power to increase or diminish
the amount of capital stock and the number of shares; provided, that the
amount of the capital stock shall not be diminished below the amount of
the paid-up capital at the time that the amendment is adopted. Within
thirty days after the adoption of an amendment to its articles of incorpora-
tion, an association shall cause a copy of such amendments adopted to be
filed with the State Tax Commission, who shall record and transmit a
copy in all respects as provided in Section 29 of this article for other

corporations.
See sec. 28 and notes.

An. Code, 1924, sec. 423. 1922, ch. 197, sec. 473.

435. The recording fees for filing articles of incorporations or amend-
ments thereto shall be the same and paid and accounted for in the same
way, as provided in this article for other corporations.

An. Code, 1924, see. 424. 1922, ch. 197, sec. 474.

436. Any association organized under this sub-title may dissolve in
the same manner as is provided for other corporations in this article.
See sec. 93 and notes.

An. Code, 1924, sec. 425. 1922, ch. 197, sec. 475. 1931, ch. 456.

437. Each bona fide Co-operative Marketing Association now or here-
after incorporated under this sub-title shall have the following powers:

(a) To engage in any activity in connection with producing, marketing,
selling, preserving, drying, processing, canning, packing, handling, stor-
ing, or utilization of any agricultural products of its members; or the
manufacturing or marketing of the by-products thereof; or in connection
with the purchase, hiring or use by its members of supplies, machinery,
or equipment, or in the financing of such activities, or in any one or
more of the activities specified in this sub-section and to transport the
products of its members, even though in so doing it may compete with
licensed common carriers;

(b) To borrow money and to make advances to members upon products
of members in the hands of the association.