4. Every such society so formed shall, for the purposes for which it has been established, enjoy all the powers vested in ordinary corporations, especially that of choosing officers from among its members and of passing by-laws, not contrary to the laws of Québec, to determine the number of its members, the amount of its shares and the mode of levying the same, for its internal management, and for conducting its proceedings and the administration of its affairs in general.
R. S. 1964, c. 125, s. 4.