Page 3 Advertisements Column 3

Manawatu Herald, Volume XXVII, Issue 3730, 11 December 1906, Page 3

The Foxton Co Building S c OBJECTS AND THE objects of the S to raise by subst members a stock or fum vances to members upi freehold property, by w; without interest; for ass bers to obtain freehold generally for the purpos* by the “ Building Socie The society shall be terc number of shares in for during the existence ( shall not exceed 999. E entitle the holder co an ai and the society shall formed as soon as 150 plied for. No preferenti promoter’s shares shall ! shares shall be issued year of the society’s exi: vacancies caused by wit that time shall not be fill may become members, t or guardian shall act fo their minority. The sig parent or guardian sha for all purposes and his shall be a sufficient dif society. Such parent 0: have power in the nam< to sell or transfer shi exercise all the pri member. No merab more than three shares, shall pay an entrance fe< share, is for a printed c( 6d for each contribution also pay each year for w the sum oi as per share in advance. A shareh formal application obta signed jointly by the sec members, stating the an to the credit of his share such shares cannot be otherwise dealt with by until the return of such cancellation. The fee fc share certificates shall i copy. Each member subscription of is per sh payable fortnightly. An ing the society after the tion meeting, or member tional shares, shall be er benefits, but he shall t pay up the full amount c due and payable from tl ment of the society, with in one sum, or at the ra than one shilling per sha addition to the curren and such entrance fee p< Board of Directors may time determine. Whem of the society shall amou of £i2o, the Directors sh take a ballot among all representing the shares, I of determining which si title the owner to the ad Provided he is a membei than two months in arrei advance from the funds being made by ballot scribed, the next time th society amount to i‘l2o, tion of £IOO shall be mat but by sale—that is to s man shall offer by compi of £IOO, and the raemb c half-an-hour offers the of premium for such sui purchaser. The sum oi shall always be made ballot and by sale, until of the society in good have received by ballot advance for each share Thereafter the ballots e the society shall contim until all the advances h (or liquidated) by forecl profits divided among pro rata. The society 1 itself of the borrowing pc in “ The Building Sociel and shall have no power posits. No director sha question which relates to interest or conduct, or member of his family, n present when any such < be put to the vote. Wh; of shares any member n member shall have but or meeting of the society, who may obatin an ap] ballot in respect of shard in the society, shall be forego his claim thereto any subsequent time, 1