|1||The name of the Company (hereinafter called the Society) is “CUMANN LUCHT CAPAILLINI CHONAMARA,” (“the Connemara Pony Breeders’ Society”).|
|2||The registered office of the Society will be situated in Clifden Connemara Ireland.|
|3||The main object for which the Society is established is:-
To advance the education and promote agriculture in Ireland by encouraging the breeding of Connemara ponies and their development and maintenance as a distinctive breed and to develop their performance ability.
The following objects set out hereunder exclusively subsidiary and ancillary to the main object set out above and these objects to be used only for the attainment of that main object and any income generated therefrom is to be applied for the main object only:-
provided that the Society shall not support with its funds any object, or endeavour to impose on or procure to be observed by its members or others, any regulation, restriction or condition which, if an object of the Society, would make it a Trade Union. Provided also that in case the Society shall take or hold any property subject to the jurisdiction of the Commissioners of Charitable Donations and Bequests for Ireland, the Society shall not sell, mortgage, charge or lease the same without such authority, approval or consent as may be required by law, and as regards any such property, the Society shall be chargeable for such property, as may come into their hands, and shall be answerable and accountable for their own acts, receipts, neglects and defaults, and for the due administration of such property, in the same manner and to the same extent as such Society would have been if no Incorporation had been effected, the Incorporation of the Society shall not diminish or impair any control or authority exercisable by the High Court of Justice or the Commissioners of Charitable Donations and Bequests for Ireland over such Society, but shall, as regards any such property, be subject jointly and separately to such control or authority as if the Society were not incorporated. In case the Society shall take or hold any property that may be subject to any trusts, the Society shall only deal with the same in such manner as allowed by law, having regard to such trusts.
|6||Income and Property:-
The income and property of the company shall be applied solely towards the promotion of its main object as set forth in this Memorandum of Association. No portion of the company’s income and property shall be paid or transferred directly or indirectly by way of dividend, bonus or otherwise howsoever by way of profit to members of the company. No Director shall be appointed to any office of the Company paid by salary or fees, or receive any remuneration or other benefit in money or money’s worth from the company. However, nothing shall prevent any payment in good faith by the company of:-
|7||Additions, alteration or amendments:-
No addition, alteration or amendment shall be made to or in the provisions of this Memorandum and Articles of Association for the time being in force unless the same shall have been previously approved in writing by the Revenue Commissioners.
|8||The fourth and fifth paragraphs of this Memorandum contain conditions on which a licence is granted by the Minister for Enterprise, Trade and Employment to the Society in pursuance of the Companies Act 2014.|
|9||The Liability of the members is Limited.|
|10||Every member of the company undertakes to contribute to the assets of the company, if the company is wound up while he or she is a member or is wound up within one year after the date on which he or she ceases to be a member, for— (a) the payment of the debts and liabilities of the company contracted before he or she ceases to be a member, and the costs, charges and expenses of winding up; and (b) the adjustment of the rights of contributories among themselves, such amount as may be required, not exceeding €1.|
If, upon the winding up or dissolution of the Society there remains after the satisfaction of all its debts and liabilities, any property whatsoever, the same shall not be paid to or distributed among the members of the Society, but shall be given or transferred to some other charitable Institution or Institutions having main objects similar to the main objects of the Society, and which shall prohibit the distribution of its income or profits and property among its or their members to an extent at least as great as is imposed on the Society under or by virtue of Clause 6 hereof, such institution or institutions to be determined by the members of the Society at or before the time of dissolution, and if and so far as effect cannot be given to such provisions, then to some charitable object.
|12||Keeping of Accounts:-
Annual audited accounts shall be kept and made available to the Revenue Commissioners on request.
|13||We the several persons whose names and addresses are subscribed are desirous of being formed into a
company, in pursuance of the Memorandum of Association.
Dated this 18th Day of Meitheamh 1959:
Witness to the above signatures:-