Articles of Incorporation-What to Contain. C. C. Sec. 594. In addition to the requirements of section 290 [C. C.] the articles of incorporation of any association mentioned in the preceding section must set forth the holding of the election for directors, the time and place where the same was held, that a majority of the members of such association were present and voted at such election, and the result thereof; which facts must be verified by the officers conducting the election. Civil Code 290, p. 376, supra. Power to Take and Hold Property. C. C. Sec. 596. In addition to that provided for in the preceding section, friendly societies and pioneer associations may hold such real estate as may be necessary to carry out their charitable purposes, or for the establishment and endowment of institutions of learning connected therewith. In case any such corporation is the owner, by donation or purchase, of more lands than herein or in the preceding section provided for, such surplus must be sold and conveyed by the corporation within five years after its acquisition. Such sale may be made without the order or decree of the superior court, as hereinafter provided. C. C. Sec. 595. All such corporations may hold all the property of the association owned prior to incorporation or acquired thereafter in any manner, and transact all business relative thereto; but no such corporation must own or hold more real estate than may be necessary for the business and objects of the association and providing burial ground for its deceased members, not to exceed six whole lots in any city or town, nor more than twenty acres in the country; the annual increase, income, or profit whereof must not exceed fifty thousand dollars. Any such corporation now or hereafter having, and having had continuously for the next preceding three years, the care, custody, control, and maintenance each year upon an annual average of not less than one hundred orphans, half-orphans, and indigent minor children at any one orphan asylum, is entitled and allowed to own and possess any number of acres, not exceeding one hundred and sixty, of land in the country, outside of any incorporated city or town, the annual income or profit of which does not exceed fifty thousand dollars. Such orphan asylum must be situated on such lands. The limitations herein provided for do not apply to corporations formed, or to be formed, under section six hundred and two, when the land is held or used for churches, hospitals, schools, colleges, orphan asylums, parsonages, or cemetery purposes, or to corporation organized other than for profit, when the land is timber land, and not exceeding one hundred and sixty acres in extent, and is held or used for the purposes of the organization,. in which case said land shall be subject to all laws regulating the preservation of forests. Power to Alienate Real Property. C. C. Sec. 598. Corporations of the character mentioned in section 593 may mortgage or sell the real property held by them, and may secure the payment of indebtedness by deed of trust or mortgage upon their real property, upon obtaining an order for that purpose from the superior court held in the county in which the property is situated. The corporations above mentioned may also issue bonds, payable at any time within twenty years, as evidence of the indebtedness secured by mortgage or deed of trust. Before making the order, proof must be made to the satisfaction of the court that notice of the application for leave to sell or mortgage or execute a deed of trust has been given by publication in such manner and for such time as the court or the judge has directed, and that it is to the interest of the corporation that leave should be granted as prayed for. The application must be made by petition, and any member of the corporation may oppose the granting of the order by affidavit or otherwise. But nothing herein contained shall prohibit or prevent the trustees or directors of such corporation, under such rules and regulations as they may adopt from disposing of burial plots situated in grounds of such corporation dedicated for burial purposes, without making such application to or obtaining an order from court. Rights of Members Admitted After Incorporation. C. C. Sec. 600. Members admitted after incorporation have all the rights and privileges, and are subject to the same responsibilities, as members of the association prior thereto. Rights of Membership Not Transferable. C. C. Sec. 601. No member, or his legal representative, must dispose of or transfer any right or privilege conferred on him by reason of his membership of such corporation, or be deprived thereof, except as herein provided. Powers of Directors. Civil Code 305, p. 421, supra. Election and Removal of Directors. Civil Code 290, p. 376, supra. Books and Reports. Constition, Art. XII, Sec. 14, p. 432, supra. C. C. Sec. 597. The directors must annually make a full report of all property, real and personal, held by such corporation or by them in trust for such corporation, and of the condition thereof, to the members of the association for which they are acting. Bridge, Wharf, Chute, Pier and Fer ry Corporations. Forfeiture of Charter for Failure to Commence Power to Take Tolls. Annual Reports to be Made and Published. Forfeiture of Charter for Failure to Commence Business. C. C. Sec. 529. Every such corporation ceases to be a body corporate: 1. If, within six months from filing its articles of incorporation, it has not obtained such authority from the board of supervisors, or other governing body having authority in that behalf; and if within one year thereafter, it has not commenced the construction of the bridge, wharf, chute, or pier, and actually expended thereon at least ten per cent. of the capital stock of the corporation: 2. If, within three years from filing the articles of incorporation, the bridge, wharf, chute, or pier is not completed; 3. If, when the bridge, wharf, chute, or pier of the corporation is destroyed, it is not reconstructed and ready for use within three years thereafter; 4. If the ferry of any such corporation is not in running order within three months after authority is obtained to establish it, or if at any time thereafter it ceases for a like term consecutively to perform the duties imposed by law. Power to Take Tolls. C. C. Sec. 528. No corporation mus or take tolls on, a bridge, ferr or pier until authority is gra ~~≈ a California, p. 456. 19 grated theref supervisors, or other governing body having authority in that behalf. Annual Reports to Be Made and Published. C. C. Sec. 530. The president and secretary of every bridge, ferry, wharf, chute, or pier corporation must annually, under oath, report to the board of supervisors, or other governing body having authority in that behalf, of the county in which the articles of incorporation are filed: 1. The cost of constructing and providing all necessary appendages and appurtenances for its ridge, ferry, wharf, chute, or pier; 2. The amount of all moneys expended thereon, since its construction, for repairs and incidental expenses; 3. The amount of its capital stock, how much paid in, and how much actually expended thereof; 4. The amount received during the year for tolls, and from all other sources, stating each separately; 5. The amount of dividends made, and the indebtedness of the corporation, specifying for what it was incurred; 6. Such other facts and particulars respecting the business of the corporation as the board of supervisors or other governing body having authority in that behalf may require. This report the president and secretary must cause to be published for four weeks in a daily newspaper published nearest the bridge, ferry, wharf, pier, or chute, if required by order of the board of supervisors or other governing body having authority in that behalf. A failure to make such report subjects the corporation to a penalty of two hundred dollars, and for every weak normitted to elapse after such failure an fifty dollars, payable in hich the author ved. All such |