Section 38:
Dissolution of Association by resolution of proprietors.
1* * * The said Association may
at any time be dissolved by a resolution to that effect of two-thirds in number and value of the
proprietors qualified to vote at two successive extraordinary meetings specially called for the purpose
of taking into consideration the expediency of such dissolution; provided that not less than three
months shall have elapsed between the first and second of such two extraordinary meetings.
Notes:
1. The words “And it is hereby enacted, that” omitted by Act 12 of 1891, s. 2 and Sch. I.