Section 290. Association of farmers; powers of

Any association of farmers,
  residing in any neighborhood, town or county  in  this  state,  now,  or
  hereafter  to  be organized, and acting under a constitution and by-laws
  adopted by themselves for their guidance, which shall be  filed  in  the
  clerk's  office  of  such  town or county and which are not inconsistent
  with the laws of this state, is hereby authorized to lease and  maintain
  grounds  and  structures  for the exhibition and sale of the products of
  their farms or their skill, and for the instruction  and  recreation  of
  its  members  and visitors. Any such association shall have authority to
  let, for rent, locations on their leased grounds to shopmen and  persons
  wishing  to  furnish  suitable  refreshments  for victualing members and
  visitors; to license peddlers to  sell  on  their  grounds  articles  of
  merchandise,  not  forbidden to be sold by any law of this state without
  license from the state; and in the name of such association and upon the
  action and direction of  its  officers,  to  sue  for  and  collect  the
  stipulated  sums  of  such  rentals  and  licenses,  and  to enforce the
  observance of its rules and regulations by the several  members  of  its
  association.   And   such  association  is  hereby  empowered  to  issue
  certificates of indebtedness in amounts of five dollars each,  providing
  that  the whole amount shall not exceed the sum of one thousand dollars,
  which they may sell at a price not below the par value thereof, for  the
  purpose  of  raising  money  for  the erection of buildings, or for such
  other improvements as may be deemed  necessary  by  a  majority  of  the
  members of such association.