2. An agricultural society may be formed in each of the counties of Québec and in each electoral district of each town or city, whenever 50 persons have become members thereof and have signed a memorandum according to form 1.
The society shall consist of the persons who have signed such memorandum, so long as they continue to pay their annual subscription, and of all those who shall, in the future, pay such annual subscription at the proper time.
The annual subscription shall be $2; but nothing shall prevent any member from voluntarily subscribing a sum larger than the annual subscription.
R. S. 1964, c. 112, s. 2.