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To the Members OK THE Permanent Investment and Loan Association of Wairarapa.

PURSUANT to the following requisition, and iu accordance with section 16 of the Building and Land Societies Act. 1866, I hereby convene a SPECIAL GENERAL MEETING ol tbe Members of the above Association for TUESDAY, the Bth dsy of February, 1887. at 3 o’clock p.m., in the office* of the Association, Greytown. Bl'lixess ; Amending, repealing, and re-arranging existing Bales, and making new Boles. Q. WYETT, Manager. Greytown I9th January, ISB7. Sib.—We hereby request yon to convene a Special General Meeting of tbe Permanent Investment and Loan Association of Wairarapa, for the purpose of amending, repealing, and re-arranging existing Buies, and making new Buies as subjoined, W. C, Cuff W. Booth F. W. R Seed J. Feller Bm. Skeet D. P. Loasby F. H. Wood 11. Wallen Q. Wtitt, Esq., Manager. Permanent Investment A Loan Association of Wairarapa. PBOPOSED ALTERATIONS AND ADDITIONS. Bclb 1. Line 3. Strike cut the words " tbe Province of Wellington ’’ and add tbe following, “ and the chief office or place of business thereof shall be at Grevtowo, Wairarapa.” Line 7. Strike out “ such,” substitute "each.” Line 8. Add “When they shall be repaid to Shareholders.” Line 10. After " properties ” insert ‘‘ and upon Investment share*.” Line 12. Strike out " six ” substitute " one.” Line 14. Strike out " by mortgage,” substitute " as provided by tbe rules of the Association.” Insert new clause “ to receive moneys on deposit npon terms to be agreed npon.” Line 17. Strike out “ not being married women.”

Bcle 2. Insert new danse “ There sball be two daues of members termed ” Investing Members " and " Borrowing Members." Line 6. Strike oat " shall have been realised or not," and substitute " be investing or borrowing share." Bcle 3. Line 1. Strike out " first meet on the first Tuesday in the month of June, 1873, and sball continue to meet,’' and substitute “ meet for the purpose of receiving subscriptions and other payments." Bile 1. Line 4. Strike out all the words commencing “ such," and ending in Line 5 with “ ballot.” Line 11. Strike out all the words commencing with " and," and ending in Line 13 with " Wellington," and substitute “ and inserted in the report of the Directors issued to members." Line 40. Strike out " Secretary," substitute " Manager." Insert the following " The Auditors shall also inspect all mortgages and other •eeurities belonging to the Association, and ascertain that all premiums ou fire insurance, and all ground rents, have been duly paid, and certify the same. The fee for the auditors’ services shall be fixed by the members present at each annual meeting. Any vacancy occurring during the year shall be filled np by the Directors." Page 5, line 13, Strike ont “ten pounds," substitute • ’ one pound.” Lines 15 and 16. Strike out. Insert the words “ a sum of £6 6s per meeting, or su:b other sum as may be fixed at an annual general meeting, shall be allowed to the Board of Directors for their eerrioes, such amount to be divided amongst them according to attendance. Lines 28 and 29, strike out. Bcle 5. Line 1. After “ Chairman ” insert ‘or any three Directors.” Line 2. After “ time" insert “ upon giving three days' notice in writing and.” Strike ont “ its objects," and substitute “ the object of the meeting." Strike out all the words commencing " any ” to “ object ” in line 5. Line 6. Strike out •• Chairman," substitute “ Manager,” strike ont " memorial,” substitute “ request,” strike ont ■■ thiity,” substitute “ twelve." Line 7. Strike out •* requesting him.” Line 8. Strike out all the words commencing •■ or ” to “ office ” in line 9 ; and substitute ” and stating the object thereof.” Line 10. Strike ont “ memorial or notice of appeal,” and substitute " request.” Line 11 Strike out ” direct the manager to.” Page 6, line 1. Strike out all the words commencing with •‘by advertisement” and ending with “ given ” in line 14, and substitute the following “ Should a majority of the memben present at such meeting decide that it baa been called on insufficient or frivolous pounds the requisitiomsts shall bear whatever expenses may have beeu thereby incurred, and the tame may be deducted from the first .money paid by them into the Society. The diiwcton shall have power to convene a gpsc/al General Meeting of tbe Association at any time, stating the object of tbe proposed meeting. Seven days' notice of ail General Meetings o’ tbe Association, and the business to be transact, shall be inserted m at least 1 one newspaper circulating in the distiict, | No business sha‘l I* transacted at such, meetings, except that t° r which tbe meeting ; has been convened.” j Bcle 6. Strike out all tbe words nVmmencing with tbe following " in line 1. a'<d ending with *' manager "in line 2o of page 7. Lic.es d.i, 30, and 31. Strikeout tbe words "T- islets or ’ in each line. Rile 7. Line 2. Strike ont " Trusties for the time being," substitute Association." Line f. Strike out •■ strong boxes," substitute ” a safe.' Line 7. Strike out “ strong box," substitute " safe." Rent !•». Line 2. Strike out " 1 substitute 2 ’ Liue 4. After “ manaei-r " insert “ and bearing the seal of the Association.” Line n. Strike cut ■■ such at commencement of line Line 7 and 3. Strike ont “it mav remain at iuleiest, subject to tbe Rule.-, substitute “ the amount shall be repaid. Liue 27. Strike out 1 that." Lines 28. 30, 31,33. and 37. Strike cut "second," and substitute “ brst "in each instance. Strike nut all the word? commencing with "provided ' in line 10 and ending with •Director.?’' in line 10. I.;?ert at end of rule “ luvestiug eharehoider? may convert their shares into boirowirg shares, aud may withdraw tlie subscript! in?, with interest and proliis, standing to their credit. The Investment snares ehali be delivered up for the purpose of being cancelKd." Role 11. Lines and 10. Strike out " and after them the holders of shares which have been paid op to £30." Bcle 12. Line 3. Strike ont “ the third," sob-ti' tnte " each.’' Strike out " and of each succeeding year.” Table A. First money column 4th year, 9th mouth strike ont " lod," 7th year, 4th month strike oat " £23 ” substitute “ £22.” Bth month, strike out " 6d ” snbstitate "2d.” 10th month strike cat" 3d ” substitute ‘'2d”. 11th month, strike ont ••£26" substitute 1 £26 " Second money ooiamn, Bth year, 4th month, strike cut •• £l7 ” substitute “ £27." 10th month, strike out ” £24” substitute ”£29.” 11th year, ftui month, strike out “ £46 1 substitute ••£45." 11th month, strike out "£36” •übetitnte ”£46.” Third money column, 3rd year. 3th month, insert ” 9d.” Cth month, insert ‘‘ 61,” 6th year, 4th month, strike ont •• lid Substitute "Id.” 12th year, 2nd month strike out “£47 78 "substitute ”£4s 8s •” sth month, strike ont •• £39 " substitut 49”

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https://paperspast.natlib.govt.nz/newspapers/WAIST18870124.2.13.1

Bibliographic details

Wairarapa Standard, Volume XX, Issue 2021, 24 January 1887, Page 3

Word Count
1,123

Page 3 Advertisements Column 1 Wairarapa Standard, Volume XX, Issue 2021, 24 January 1887, Page 3

Page 3 Advertisements Column 1 Wairarapa Standard, Volume XX, Issue 2021, 24 January 1887, Page 3