Page 4 Advertisements Column 4

Southland Times, Issue 1159, 5 November 1869, Page 4

Building and Land Society's Rulesthe retiring Members shaU bo struck off from the top of the list. (See Meetings of Committee.) XXIT. — PBEBID BNT. The President (or in his absence the senior member of Comroittee) 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 Hankers. He shall be elected at the annual meetiug by the shareholders, and any vacancy occurring shall be filled up by the Committee in the same manner as a vacancy in Committee. XXV. — SECBETABr.. 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 auaplo Becurity, 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 ho 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 dudos as may, in virtua of his office, devolve upon him, under the instructions of the Committee. He shall assist the Auditors in preparing the Report on the states of the Society's funds, and allocating the annual profits. XXVI. — StrBPLTTS FOND 3, AND POWEB TO BOBROW. In the event of there being no demand for the Society's fund 3 for investment, they shall be imested 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 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 mouths ; 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. — APPEAM. Any shareholder who may feel aggrieved by any decision of the Commit tue, may appeal fro v their decision to the Annual G-eneral Meeting of the Society. XXVIII. — NOTICE 3 TO ITEMBEBS. All notices shall be deemed duly served (except when otherwise directed by the3e rules) by putting the same into the Post-office, addressed to the party, at the place of abode given by him or her to the Secretary. XXIX. — TBBMINATION OF THE SOCIETY. When the value oi' 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, wifch the advice ot the Solicitor of this Society, shall deliver up to ? each member, or his or her legal representatives, 2 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 deolare this Society at an end, and all the accounts thereof finally closed j and such dissolution shall be effectual in law and equity, and shall discharge and release all the members of the said Society. . - XXX. — DISPUTES SEFEBBBD TO JITBTIOBB. Etrery 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, AND DISSOLUTION OT THB SOCIETY. These rules shall not be altered or amended, or the Society dissolved, except in pursuance and in conformity with the said Act. SCHEDULES. Form A for Transfer of Share. In consideration of the 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 execution hereof. And I, the said do hereby agree to take the said shares, subject to the same rules, obligations, and condition*. — 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 Dißtrict 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 of the sum of pounds starling, in hand, paid by the said Mofcgagees 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, 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 anJ erections thereon, aud all and singular the appurtenances thereunto belonging ; 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. PaoviDED nevertheless, and it is hereby expressly declared and agreed by and betwaen the said parties to these presents, that if the said Mortgagor, his Heirs, Executors, Administrators, or Assigns, do and sdall 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 ihe 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, iv respect o£ the said shares in the said Society, held by him, and in respect ol 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, within ten days after the same shall become due j 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 thpig herein contained shall be void and of none elfect ; anything herein contained to the contrary thereof, in anywise notwithstanding*; but in the event of the said mortgagor, his Heirs, J£xecutor», 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 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 aaid land, in good repair, or to pay the annual sums by way of insurance, or any of them, within ten daft neat after th« iraae ihallrt^p-Mit^rely two'ai*