4. The club shall have at least 25 members subscribing the total amount of $30, who sign the memorandum in accordance with form 1, and send the same to the Minister of Agriculture, Fisheries and Food, and the latter, if he think fit to authorize the formation of the club, shall send a notice to that effect indicating the name of the club and the address of its head office to the Inspector General of Financial Institutions. The Inspector General shall deposit the notice in the register instituted in accordance with the Act respecting the legal publicity of sole proprietorships, partnerships and legal persons (chapter P-45).
The club shall consist of the persons who have signed such memorandum as long as they continue to pay an annual subscription, and of all persons who, in future, shall pay the same.
The amount of such annual subscription shall be $1, but any member may subscribe more if he wishes to do so.
If more than $2 be paid by any member, the board of management may give him seed, fertilizers or any other thing calculated to aid in his farming operations, to an amount equal to the additional sum paid by him.
R. S. 1964, c. 113, s. 4; 1973, c. 22, s. 22; 1979, c. 77, s. 21; 1993, c. 48, s. 192.