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Thames Star, Volume VII, Issue 1963, 20 April 1875, Page 4

-:y-■■■"■■'■■>•■:■:------;---'-Meetingß--10. Any member of committee absent at three consecutive meetings without adequate written excuse shall be deemed to have vacated his seat, and another member shall be elected in his stead. 11. The committee shall have power from time to time to make, repeal, or alter auch subordinate regulations as they may think expedient (but so as they may be consistent with the spirit and object of these rules) for regulating their, own forms of procedure, and the duties of the officers, and for conveniently carrying out the intention of these rules. * 12. The committee shall have power to employ such solicitor, and keep the account of the Society at such bank as they from time to time may see fit. 13. Should it be deemed advisable for the interest of the Society it shall be lawful for the committee to apply for and obtain from the banker or other persons such sums or money by way of loan or otherwise as may be necessary, provided that such sum or sums of money so borrowed shall not in any case exceed one-half the amount advanced by the Society to its members, and for which security hns been taken in the names of the trustees ; and all the property, for the time being, vested, in the trustees of the Society, shall he a security for such money or moneys so borrowed as aforesaid. 14. The committee shall annually elect a chairman from their own body. v .- RULE V. ' ■ ■ . .- -.-..': :-3|jfe- - CHAIRMAN. ■ 1. The chaiicrrmn shall, when present, preside at all meetings of . the Society and committee. 2. The chairman shall have power to convene special meotings of of the Society ror committee." 3. In the event of the absence or inability of the chairman from illness or any other cause the committee shall have power to appoint, one of their number to act in his stead. RULE VI. , - t |; SECRETARY. 1. The secretary shall attend every meeting of the Society and committee, and shall enter minutes of the resolutions and the business of the Society in. the minute book ; he shall keep the accounts in proper hooks to he provided for the purpose (which hooks shall he kept in a fire-proof safe to be provided by tbe Society) ; shall conduct all correspondence IS'd shall attend at the office of the Society at such times and atjuch hours as the committee may appoint for the purpose of receiving tie names of new members, applications for loans, or for any other businesu which the committee may from time to time order to be done, for which duties he shall be paid a salary or remuneration at the discretion of the committee. 2. A schedule of the deeds deposited with the Society shall be kept by the secretary, to be at all times accessible to the trustees and committee. 3. The secretary shall have power to call a special meeting of the committee at any time, stating its object. 4 The secretary and any other officer filling a situation of trust shall, if required,, give such security as the committee may deem proper. RULE VII. TREASURER. " 1. Ihe Treasurer shall be answerable for all moneys of the Society received by him, amd shall on the day following every monthly meeting night pay into the hands of the banker, to the credit of this Society, all moneys received by him, and at the same time leave the banker's pass-book to be made up. * 2. Any neglect to account for and pay over the moneys so received by the said Treasurer as aforesaid shall forthwithjje communicated by the Secretary to the Chairman, who thereupon shall convene a meeting of the committee (notice thereof to be given to the Treasurer), and in case the said Treasurer shall have neglected to pay the money into the bank as aforesaid, :and on request by the committee, shallneglectorrefuse to pay the same to such person as the committee shall appoint, the committee' shall, and they are hereby authorised and empowered to, expel thVsaid defaulter, who shall moreover be liable to be proceeded against m such manner as the committee shall deem fit for the recovery of such money., . 3. For the purpose of the last-mentioned regulation, the non attendance of the Treasurer so in default as aforesaid at such mentioned committee meeting, shall be deemed and considered to be a a refusal on his part to conform to the resolution of such committee. 4.;;1n the month of August in every year the treasurer or secretary shall prepare a general statement of the funds and effects of the Society, an account of all sums of money received and expended on account of the Society since the publication of the preceding annual statement, and every such annual statement shall be signed by the auditors, and countersigned by the secretary of the Society; and every member shall he entitled to receive a copy of such annual statement. RULE VIII. SOLICITOR. 1. The solicitor for and onbehalf of this Society shall peruse and examine the title" to all property offered as security for any of the money or funds of the Society, and shall also prepare and be responsible for the due execution of the mortgages for securing such money and funds before the same shall be paid and advanced; and should the solicitor be of opinion that the title to any properly is not such as can he safely accepted by the Society, he shall signify the nature of his objections to the committee under his hand, and the cost of investigating smch insufficient title shall be borne and paid by the shareholder proposing such property as security. 2. The solicitor shall, whenever an advance is made by the Seciety upon security of freehold or leasehold property, furnish the secretary with a schedule of the deeds relating to the property mortgaged to this Society, and also the policy of insurance for the same as agreed upon by the committee. -, v. RULE IX, AUDITORS. Two auditors shall he appointed from year to year by and from among the shareholders at the last monthly meeting preceding the termination of the financial year for the purpose of .auditing the accounts of the Society, and it shall be their duty to examine and certify to the annual general statement of the funds and effects of the Society preparer! by the Treasurer or Secretary as hereinbefore provided. RULE X. ARCHITECT OR SURVEYOR. 1. The committee shall have power to appoint an architect or surveyor, whose duties shall be, when requested by the committee, to survey any property offered as security, and to send in his report thereon to the committee, and also to estimate the amount to be advanced on all unfinished property, as in rule xix, section 13. 2. The fees to the architect for surveying and valuing shall be determined by the committee, and shall be paid by the borrower. RULE XL REMOVAL OF OFFICERS. The treasurer (except in the case already provided in rule vii.) or the secretary shall only be removable from their respective offices by a resolution of a majority of two-thirds of the members present at a general meeting cispeciaUy convened for the purpose, but the committee shall have power to suspend either the treasurer or secretary until such meeting can be held. RULE XII. SHARES. 1. The value of a share shall be £25, and whenever the amount contributed by an investing member, with or without interest and profits, shall have reached that sum, a share shall be considered as fully paid up. 2. The entrance of all members of this Society shall be dated from the date of the meeting at which the first contribution is made, or if such contribution is not made on a meeting night, then from the next succeeding Eight of meeting. 3. Two or more members shall be allowed jointly to hold one or more shares, and either of such persons who may attend a meeting shall, for the purpose of voting, be deemed the sole proprietor of such share or shares; and on all occasions the vote of such member shaU be allowed as the vote in respect of such share or shares without proof of the concurrence; ©f the other holder or holders thereof. RULE XIII. SALE AND TRANSFER OF SHARES. 1. Any member shall be at liberty to sell and transfer his share or shares, or any one or more of them, on payment of one shilling for each share transferred by such member as a bonus to the Society, and of all fines and subscriptions then due to the Society in respect of such share or shares, with all liabilities and engagements. RULE XIV. SUBSCRIPTION. AND MODE OF PAYMENT. 1. The sum of one shilling shall be paid by every person joining the Society as entrance fee on each share, and one shilling for a copy of the rules and pass-book. ,2. Every investing member shall pay a subscription of five shillings upon each share, provided such share or shares are not paid in advance, and shall upon every subsequent monthly meeting pay the said subscription/together with all fines which may have been incurred