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AN ACT
TO REVISE, AMEND AND CODIFY THE STATUTES OF UTAH
Be it enacted by the Legislature of the State of Utah:
TITLE 1
ABSTRACTERS AND ABSTRACTS OF TITLE
1- tained; provided, that such liability shall n d
Every peraon desiring to conduct an abstmct accrue in favor of any person who had actual
business before entering upon such business notice of the error or mistake complained of.
nhall make application for a license to the board
of cointy commissioners of the county in which 1 3-
he proposes to conduct such business. The county ' comminsioners shall, if they deem him a proper Any abstract of title to any real eat. ate or
and competent person, issue a license authoriz- mining claim. certified by any licensed ab-ing
him during all reanonable business hours. stracter or county recorder of this state shall be
and under the supervision of the county re- admissible in evidence in any action or proceed-corder,
to have free access to the records. The ina in any coort, and shall be prima facie evi-license
& hall not issue until the applicant shall dence of the facts therein stated without fur-fib
a bond. running to the county and to whom ther proof, and the certificate to the same of nuch
it may concern. with approved sureties in the licensed abstracter or county recorder shall be
penal sum of not less than $ 10.000, conditioned prima facie evidence of the authority of such
for the faithful abstracting of records and the licensed ahntracter or county recorder.
making of correct abstracts of title. The bond
ahall also provide that the applicant shall be 4-
liable for any mutilation of the records in his The abstracts mentioned in the prrwding see-possession.
tion in order to be admissible in evidence as
therein provided shall be certified under the .
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hand and sral of such licensed abntracter or
Every person conducting an abstract budness county recorder, which certificate shall set forth
and the nureties on his bond shall be liable to what such abstract purports to contain and shall I the person agnrieved for mistakes and errom in contain a statement of the nuthority of the
abstracts for the amount of actual damagea nus- maker thereof.
TITLE 2
I
1 ' AGRICULTURAL COOPERATIVE ASSOCIATIONS 1- ( 1) The name of the aasdatlon.
Thls title is to provide for the intelligent and ( 2) The place where its principal business
orderly marketing of agricultural products by will be tranascted.
the producers thereof through cooperation, and ( 3) The business or pursuit of the associa- thus to minimize speculation and waste and to tion. specifying it in general terms.
ntabilize the agricultural industry. ( 4) The number of its directors, whfch shall f) Associations organized hereunder shall be not be less than five and may be any number in
deemcd nonprofit, inasmuch as their primary excess themof, each of whom shall be a member
nbject is not to pay dividends upon invested capi- of the association or the representative of a
Inl, but to provide a syatem and method of memher corporation, and their term of office.
( 5 ) The names and addressen of the indi-
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sale and distribution by which the producer of
n.~ rieultc~ raplr oducts may secure a reasonable viduals to be its directors until the first annual b~ 2nd legitimate return for his products. meeting.
( 6 ) The time for holding its first annual
meeting.
2- ( I ) The term for which it is to exist, not ex-
Five or more persons, at least three of whom ceeding fifty years.
~ ihall be residents of this state, may form a non- ( 8) The manner of determining the prope* Y
ofit it coiiperative association for the mutual intpresta of the members; and, if organized with
I~ rlpo f itti membercr, with or without stock, for stock, the class or clasnes thereof; the number of
the purpoAes of performing for its members serv- shares of each class and the par value thereof. if
ic, cs connected with the production, manufac- any; also the terms and conditions Upon which
Illre, storing. shipping, utilizing, marketing and stock may he issued.
:: ale of agricultural products or by- products pro- ( 9) Thp extent, if any. to which members
111: ced by them, and connected with the manufnc- or ntoekholders may he liable for the indebted- t- tl~ rinu, s elling and supplying to memhern of ma- iesonr ohlipations of the ansociation.
rhinery, equipment and supplies, and . in the ( 10) ~ hthe~ asstocia tion is orranized under
Fi~ lancing of the foregoing activities. tho pmvisionn of this title and for the P o W s a
herein provided.
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The incorporatom ahall enter into an a m - 4-
mvnt in writing, sinned by thpm anll r111lyw ri- ~ 1 ar, tjr~ l', q nr i~~ cnrpnrntln? q'h dl he domS-fi-'
1 by three of their number, skliug: ited , yi, h + I .,.. ,,,," t:. ,-! cr!; o': ivrc > ii:~ i ~ t : i. n 7~: il" h
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