Page 4 Advertisements Column 4

Southland Times, Issue 1158, 3 November 1869, Page 4

Building and Land Society's Rulesthe retiring Members shall be struck off from the top of the h'st. (See Meetings of Committee.) XXIV. — PBE3IDBNT. The President (or in his absence the senior member of Committee) shall be convener of all meetings ; and the President (or in his absence the senior member of Committee present) shall offer the funds of the Society for competition ; and shall also countersign as Treasurer all cheques upon the Society's Bankers. He shall be elected at the annual meeting by the shareholders, and any vacancy occurring shall be filled up by the Committee in the same manner as a vacancy in Committee. XXV.— SECBETABY. A properly qualified person, who shall be a member of the Society, shall be appointed by the Society to act as Secretary, who shall receive such salary as the Society may appoint. He shall give ample security, in accordance with section 18 of the Building and Land Societies Act, 1866. He shall pay all monies received by the Society into 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 Society ; advertise all meetings ; attend such meetings ; take minutes of the proceedings thereat ; conduct the correspondence of the Society ; and perform such other dude 3as may, in virtue of his office, devolve upon him, under the instructions of the Committee. He shall assist the Auditors in preparing the Report on the stats of the Society's funds, and allocating the annual profits, xxvi. — sußPLtra funds, and powbb to bobbow. In the event of there being no demand for the Society's funds for investment, they shall be invested in name of the Trustees in real securities within the Province. The Trustees, with the sanction of the Committee, may take up money on debentures, for the purposes of the Society, at a rate of interest v not exceeding 10 per centum per annum, such amount not to exceed at any time the estimated receipts of the Society for the ensuing 12 months; °such debentures to be signed by one of the Trustees, and countersigned by the Secretary, without personal liability, and to be paid out of the funds of the Society, XXVII. — APPEALS. Any shareholder who may feel aggrieved by any decision of the Commi; toe, may appeal fro^n their decision to the Annual General Meeting of the Society. XXVIII. — NOTICES TO MEMBERS. All notices shall be deemed duly served (except when otherwise directed by these rules) by putting the same intd the Post-office, addressed to the party, at the place of abode given by him or her to the Secretary. XXIX.— TEBMINATION OP THE SOCIETY. When the value ol each unadvanced share shall amount to the sum of £25, and all expenses and' liabilities of this Society shall be fully paid and satisfied, the accounts shall be finally audited ; and the Trustees shall satisfy the legal claim of each member, whose liabilities to the 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 so requiring the same ; and thereupon the major 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 BEPEBBED TO JUSTICES. 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.— AI.TEBATIONS AND AMENDMENTS, AND DISSOLUTION OP THE SOCIETY. „. _Tuese rulea^hall not be altered s>x amended, .or the Society dissolved, except in pursuance and in conformity with the said Act. SCHEDULES. Farm A. for Transfer of Share. In consideration o£ ihe sum of £ paid to me ; I,- do hereby transfer to his [or her] heirs, executors, administrators, and ♦assigns Shares in the Western District Building and Land Society, subject to the several rules, obligations, and conditions under which I hold the same at the time of the execu- ' tion hereof. And I, the said ■ do hereby agree to take the said shares, subject to the same rules, obligations, and conditions. — As witness our hands this day of 18 Witness Form Bfor Mortgage. This Deed, made the day of in the Year of Our Lord One Thousand Eight Hundred and , BETWEEN of , in the Province of Southland, New Zealand, Member of the Western District Building and Land Society, hereinafter called the Mortgagor, of" the one part; and Trustees of the said Society, hereinafter called the Mortgagees, of the other part : Witnesseth that in consideration df-tihe~&um of p"3unds sterling, in "hand, paid by the said Motgagees as Trustees aforesaid, to the said Mortgagor (the receipt whereof is "hereby acknowledged), He, the said Mortgagor, doth hereby couvey and assure by way of Mortgage unto the said Mortgagees, as such Trustees, All As the same is more particularly set forth and delineated on the plan on the margin hereof, and coloured red, together with all buildings and erections thereon, aud. all and singular the appurtenances thereunto belonging j To HOLD the same unto and to the use of the said- Mortgagees, and their successors in office as Trustees aforesaid, and their assigns for ever. Pbovided nevertheless, aud it is hereby expressly declared and agreed by and between the said parties to these presents, that if the said Mortgagor, his Heirs,. Executors, Administrators, or Assigns, do and shall from time to time, and at all times during the 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 j and observe and- perform all the regulations on his or their jiart, to be respectively paid, observed, and performed according to the rules ot the said Society, duly certified and deposited in accordance with the provisions of the Building and Land Societies' Act, 18S6, and the Building and Land Societies' Act, 1866, Amendment Act, 1867, in respect of the said. shares in the said Society, held by him, and in respect of the premises hereby conveyed and assured. And also do and shall keep the buildings erected or to be erected on the aforesaid land in good repair ; and do and shall pay all sums of money expended by the said Society in the Insurance of the buildings on the aforesaid land, witbin 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 present^, and every article, clause, aod thing herein contained shall be void aud of none eifeet ; anything herein contained to the contrary thereof, in any wise notwithstanding ; but in the event of the 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, bo as the same or any of them shall be three months in arrear ; or to Observe and perform all or any of the regulationsonhisor 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 1 sums by way of insurance, or any of them, within ten d»ys nest after the tarn* ■fcaJimpwtivtily Nttßto