262.290. Whenever fifty or more registered voters of this state shallpresent a petition to the county commission of the county in which they ora majority of them reside, stating therein that they desire to organize andbe incorporated for the purpose of promoting improvements in agriculture,manufacture and the raising of stock, and setting forth in such petitionthe name and location to be adopted by the proposed incorporation, the nameto be "The (name of county) Agricultural and Mechanical Society of (name oftown or city where the office of said society is to be located)", and thecounty commission shall be satisfied that such persons are registeredvoters of this state, the county commission shall, by order, declare thepetitioners incorporated for the purpose specified in this section, andthenceforth the petitioners shall be a body politic and corporate by thename and style adopted, and by that name they and their successors shall beknown in law, have perpetual succession, sue and be sued, plead and beimpleaded, defend and be defended, in all courts and in all actions, pleasand matters whatsoever, shall have the authority to borrow money, and shallhave power to purchase, hold, lease, rent, mortgage, and receive anyquantity of land with such buildings and improvements as may be placedthereon, and any other property and may, by vote, determine that thereafterthe members of such society shall be composed of such persons as shallsubscribe at least one share of the capital stock thereof, in shares notexceeding five hundred dollars each, said shares to be personal propertyand transferable by agreement; but no transfer shall be binding on thesociety until reported in writing and approved by the board of directors.The amount of such capital stock shall, from time to time, be fixed by thestockholders or board of directors, provided the same shall at no timeexceed two million dollars, and the board of directors may convey, lease,sell and dispose of the property of the society, or any part thereof, forthe benefit of the society and have a common seal, and break and alter thesame at pleasure.
262.290. Whenever fifty or more registered voters of this state shallpresent a petition to the county commission of the county in which they ora majority of them reside, stating therein that they desire to organize andbe incorporated for the purpose of promoting improvements in agriculture,manufacture and the raising of stock, and setting forth in such petitionthe name and location to be adopted by the proposed incorporation, the nameto be "The (name of county) Agricultural and Mechanical Society of (name oftown or city where the office of said society is to be located)", and thecounty commission shall be satisfied that such persons are registeredvoters of this state, the county commission shall, by order, declare thepetitioners incorporated for the purpose specified in this section, andthenceforth the petitioners shall be a body politic and corporate by thename and style adopted, and by that name they and their successors shall beknown in law, have perpetual succession, sue and be sued, plead and beimpleaded, defend and be defended, in all courts and in all actions, pleasand matters whatsoever, shall have the authority to borrow money, and shallhave power to purchase, hold, lease, rent, mortgage, and receive anyquantity of land with such buildings and improvements as may be placedthereon, and any other property and may, by vote, determine that thereafterthe members of such society shall be composed of such persons as shallsubscribe at least one share of the capital stock thereof, in shares notexceeding five hundred dollars each, said shares to be personal propertyand transferable by agreement; but no transfer shall be binding on thesociety until reported in writing and approved by the board of directors.The amount of such capital stock shall, from time to time, be fixed by thestockholders or board of directors, provided the same shall at no timeexceed two million dollars, and the board of directors may convey, lease,sell and dispose of the property of the society, or any part thereof, forthe benefit of the society and have a common seal, and break and alter thesame at pleasure.
262.290. Whenever fifty or more registered voters of this state shallpresent a petition to the county commission of the county in which they ora majority of them reside, stating therein that they desire to organize andbe incorporated for the purpose of promoting improvements in agriculture,manufacture and the raising of stock, and setting forth in such petitionthe name and location to be adopted by the proposed incorporation, the nameto be "The (name of county) Agricultural and Mechanical Society of (name oftown or city where the office of said society is to be located)", and thecounty commission shall be satisfied that such persons are registeredvoters of this state, the county commission shall, by order, declare thepetitioners incorporated for the purpose specified in this section, andthenceforth the petitioners shall be a body politic and corporate by thename and style adopted, and by that name they and their successors shall beknown in law, have perpetual succession, sue and be sued, plead and beimpleaded, defend and be defended, in all courts and in all actions, pleasand matters whatsoever, shall have the authority to borrow money, and shallhave power to purchase, hold, lease, rent, mortgage, and receive anyquantity of land with such buildings and improvements as may be placedthereon, and any other property and may, by vote, determine that thereafterthe members of such society shall be composed of such persons as shallsubscribe at least one share of the capital stock thereof, in shares notexceeding five hundred dollars each, said shares to be personal propertyand transferable by agreement; but no transfer shall be binding on thesociety until reported in writing and approved by the board of directors.The amount of such capital stock shall, from time to time, be fixed by thestockholders or board of directors, provided the same shall at no timeexceed two million dollars, and the board of directors may convey, lease,sell and dispose of the property of the society, or any part thereof, forthe benefit of the society and have a common seal, and break and alter thesame at pleasure.
