Page 3 Advertisements Column 4

Manawatu Herald, Volume XXVII, Issue 3737, 3 January 1907, Page 3

The Fexton Co-c BtuiidSng See OBJECTS AND ] rTHIl'j objects of Uio Sooi JL to raise by subscri members a stock or fund I vances to members upon freehold property, by way without interest; for assis bers to obtain freehold j generally for the purposes by the “ Building Society The society shall bo ternn number of shares in force during the existence of shall not exceed 999. Ea entitle the holder to an ad\ and the society shall b formed as soon as 150 s plied for. No preferentia promoter’s shares shall be shares shall be issued 0 year of the society’s exisb vacancies caused by with that time shall not be lilld may become members, br or guardian shall act for their minority. The sign parent or guardian shall for all purposes and his 01 shall be a sufficient disc' society. Such parent or have power in the name to sell or transfer shar exercise all the priv: member. No membei more than three shares, shall pay an entrance fee share, is for a printed cof 6d for each contribution b also pay each year for woi the sum ot 2s per share p in advance. A sharehol formal application obtair signed jointly by the seen members, stating the amt to the credit of his share c such shares cannot be \ otherwise dealt with by until the return of such cancellation. The fee for share certificates shall hi copy. Each member subscription of is per shn payable fortnightly. Any ing the society after the : tion meeting, or members (ional shares, shall be ent benefits, but he shall be pay up the full amount of due and payable from thi ment of the society, withe ir, one sum, or at the rat than one shilling per shar addition to the current and such entrance fee pei Board of Directors may time determine. Whcnc of the society shall amoun of £t2o, the Directors she ;ake a ballot among all representing the shares, fc of determining which shi title the owner to the adv Provided he is a member than two months in arrea idvance from the funds being made by ballot a. scribed, Hie next time the society amount to .£l2O, ai tion of TIOO shall be made but by sale--that is to saj nan shall offer by competi if £1 00, and the member ialf-an-hour offers the hij. if premium for such sum mrchaser. The sum of £ hall always be made all mllot and by sale, until ev if the society in good si lave received by ballot tin idvance for each share ov Thereafter the ballots she he society shall continue intil all the advances ha\ or liquidated) by foreclos n-ofits divided among tl no rata. The society sh tself of the borrowing pow n “ The Building Societie md shall have no power h posits. No director shall question which relates to I nterest or conduct, or member of his family, noi oresent when any such qi ie put to the vote. What of shares any member ma member shall have but out meeting of the society, who may obatin an appi