Page 4 Advertisements Column 4

Southland Times, Issue 1129, 13 September 1869, Page 4

at the annual meeting by the shareholders, and any vacancy occurring shall be filled up by the { lommitteo in the same manner as a vacancy in Committee. XXV. — SECBETABY. A properly qualified person shall be appointed hy the Socioty to act a3 Secretary, who shall receive such salary as the Society may appoint. He shall give ample security, in accordance with secfion 18 of the Building and Land Socities let, 1866. He shall pay all monies received by the Society iuto the Bank the day after collection, and he shall sign all cheques or orders for money upon the Society's Bank. He shall keep all the books of the Socioty ; advertise all meetings ; attend such meetings ; take minutes of the proceedings thereat ; conduct the correspondence of the Society ; and perform such other duvies as may, in virtue of his office, devolve upon him, under the instructions of the

Committee. He shall assist tlii Auditors in preparing the Report on the state of the Society's funds, and allocating the annual profits. XXVI.— StfBPLTNH ITTJTD9. In the event of there being no demand for the Society's funds for investment, they shall bo inxesfced in name of the Trustees, in real j securities within the Province. j XXVir. — appeai.3. | Any shareholder who may feel aggrieved by | any decision of the Committee, may appeal .froni their decision to the Annual General Meeting. of tho Society. XXVIII. — NOTICE 3TO MEMBEBS. All notices shall be deemed duly served (except when otherwise directed by these rules) by putting the same into the Post-oflbe, addressed to tlie "party, at the place of abode given by him or her to the Secretary. XXIX. — TEBMINATION OF THE SOCIETY. '• When the value of each unadvanced share i shall amount to the sum of £25, and all expenses I and liabilities of this Society shall be fully pail and satisfied, (he account* shall be finally audited ; and the Trustees shall satisfy the legal claim of each member whose liabilities to tho Society have been paid or discharged, and the Society shall terminate ; and the Trustees, with the advice of the Solicitor of this Society, shall deliver up to each member, or his or her legal representatives, the title deeds and other documents which shall have been deposited with them by such member as a security to this Society, and shall and will, if required, execute all necessary conveyances, releases, or receipts of payment at the expense of the party bo requiring the same ; and thereupon the maior part in number of the members present

as any meeting, - specially convened, by giving seven days' notice to each member, shall have full power to declare this Society at an end, and all the accounts thereof finally closed ; and such dissolution shall be effectual in law and equity, and shall discharge and release all the members of the said Society. XXX. — DISPUTES BEEBRRED TO JU3TICH3 Every matter in dispute between the Society, or any person acting under the Society, and any individual shareholder or member thereof, or any person claiming on account of any member, shall be referred to two Justices of the Peace, in terms of the " Building and Land Societies Act, 1866." XXXI. ALTEBATIONS AND AMENDMENTS, AOT> I DISSOLUTION" OF THE SOCIETY. I These rules shall not be altered or amended, or I the Society dissolved, except in pursuance and in conformity with the said Act.

SCHEDULES.

paid by the said Motgagees as Trustees aforesaid, to the said Mortgagor (the receipt whereof is hereby acknowledged), He, the said Mortgagor, doth hereby convey and assure by way of Mortgage unto the said Mortgagees, as such Trustees, A;&ii As the same is more particularly set forth and delineated on the plan on the margin hereof, aud coloured red, together with all buildings and erections thei'eon, and all and singular the appurtenances thereunto belonging ! To Hold the same uuto and to the use of the said Mortgagees, and their successors in office as Trustees aforesaid, and their assigns for ever. Peovided nevertheless, and it is hereby expressly declared and agreed by and between the said parties to these presents, that if the said Mortgagor, bis Heirs, Executors, Administrators, or Assign.?, do and shall from time to time, and at all times during tbe continuance of his or their interest in the said Society, in respect of Shares of the said Society, presently held by him, well and truly pay all the subscriptions, interest payments, and redemption money, and other sums of money ; and observe and perform all the regulations on his or their part, to be respectively paid, observed, and performed according to the rules of the said Society, duly certified and deposited in accordance with the provisions of the Building and Land Societies' Act, 1866, and the Building and Land Societies' Act, 1866, Amendment Act, 1867, in respect of the Baid shares in the said Society, held by him, and in respect of the | premises hereby conveyed and assured. And 1 also do and shall keep tbe buildings erected or to I be erected on the aforesaid land in good repair ; and do and shall pay all sums of money expended i by tbe said Society in the Insurance of the buildings on the aforesaid land, within ten days after the same shall become due ; which Insurance the officers of the said Society are hereby authorised to effect to the extent of £ ; then these presents, and every article, clause, and thing herein contained shall be void and of none etfect ; anything herein contained to the contrary thereof, in any wise notwithstanding ; but in the event of rhe said Mortgagor, his Heirs, Executors, Administrators, and Assigns, failing, neglecting, or refusing to pay all or any of the subscriptions, payments, and redemption money aforesaid, so as the same or any of them shall be three months in arrear ; or to observe and perform »U or any of the regulations on his or their part to be respectively observed or performed, or shall neglect to keep the buildings erected or to be erected on the said land, in good repair, or to pay the annual sums by way of insurance, or any of them, within tea days next after the same shall respectively become due; or if he shall become bankrupt or insolvent, or make any composition with or any assignment for the benefit of his creditors, then, and in either of these . events, the aforesaid Mortgagees, Trustees of the said Society, or their successors in office, shall be entitled, as and when they shall think fit, either to sell the aforesaid property in the manner hereinafter mentioned, or in their option to enter into possession of the lands hereby conveyed or intended so to be by way of Mortgage ; to let and demise the same ; to uplift, receive, sue for, and recover the rents, issues, and profits thereof ; and out of the sums bo recovered, to pay all charges necessarily incurred in letting the premises, and receiving the rents, and in keeping the buildings on the premises in proper repair ; and to apply the . remainder towards the liquidation of all payments due to the said Society ; and in either of the events aforesaid, or in the event of the said rents, issues, and profits, being insufficient to liquidate the aforesaid payments due to the said Society, it shall be lawful tor the said Morcgngees as Trustee aforesaid, or their successors in office,