Public If ©tic©. agree upon. Such remuneration shall be paid by the member whose property has been examined ty such Surveyor. XXIII. — ATTDITOBS. At the annual meeting of the Society, one Auditor shall be appointed by the shareholders, and one by the Committee ; and they shall assist the Seoretary in allocating the annual profits of the Society ; and shall audit the accounts yearly in terms of Bule VII. The Auditors shall receive such fee as the Society may from time to time appoint. XXIV. — OFFICE BEABEBS. The affairs of the Society shall be conducted by a President ard Comratttee, consisting of Nine Members, to be elected at the first General Meeting of the Society. Six of the Committee shall retire annually, and their places shall be supplied at the Annual Q-eneral Meeting of the Society, to be held on the first subscription night in September each year. Any vacancy occurring in the course of rhe year shall be filled *up by the remaining Members of Committee, but every person elected by the Committee shall retire at the first ensuing Annual Meeting of the Society. Betiring Members shall be eligible for re-election. A list shall be kept by the Secretary of the order in which Members of Committee are elected, and the retiring Members shall be struck off from the top of the lisc. (Sco Meetings of Committee). XXV . — PREBIDENT. The President (or in his absence the senior member of Committee) shall be convener of all meetings ; and shall also countersign as Treasurer all cheques upon the Society's Bankers. He shall be elected at the annual meeting by the shareholder?, and any vacancy occurring shall be filled up by the Committee in the same manner as a vacancy in Committee. XXVI. — SECBETA3T. 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 be 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 5 conduct the correspondence of the Society, and perform such other duties as 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 state of the Society's funds, and allocating the annual profits. XXVII. — SXTBPLTJS FTTNDS, AND POVTEB TO BOBBOW. In the event of there being no demand for the Society's funds for investment, they [may"} be invested in name of the J Trustees m 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 par annum, such amount not to exceed at any time the estimated receipts of the Society for the ensuing 12 months j 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. [Should the Committee at any time be unable to lend the Society's funds on first-class security at 8 per cent, per annum, it ehall be lawful for them by a majority of seven tenths, the President's vote being counted, to decide to ballot out members holding unadvanced shares of not less than four years' standing, provided always that members of the oldest series shall be first balloted oat. and such balloting out shall take place in such manner, at such times, and to such extent as the Committee ehall decide, and. euch shareholder shall receive the full amount of the profits standing to his credit.] XXVIII. — APPEAX3. Any shareholder who may feel aggrieved by any decision of the Committee, may appeal from their decision to the Annual General Meeting of the Society. XXIX. — NOTICES TO HEMBEBS. All notices shall be deemed duly served (except when otherwise directed by these 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. XXX. — TEBMINATIO» OV SHABES. When the value of any unadvanced share shall amount to the sum of £25, the accounts shall be audited, [and the amount of such share or Bhares paid to the holder thereof,] and tke Trustees ehall satisfy the legal claim of each member whose liabilities to the Society have been paid or discharged, and with the advice of the solicitor of the 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. XXXI. — DISPUTES SBFEBBED TO JtTSTICBS. 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 th® Peace, in terms of the " Building and Land Societies Act, 1866." XXXII. — ALTEBATIONS AND AMENDMRNTB, AND DIBrtOIXTTIOCf OJ THE SOCIETY. These rules t»haLl not be aheraior amended, or 'be Society fiissoived, except in pursuance aud in 'vu-forimity with the said Act.
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https://paperspast.natlib.govt.nz/newspapers/ST18730318.2.23.2.2
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Southland Times, Issue 1716, 18 March 1873, Page 1 (Supplement)
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944Page 1 Advertisements Column 2 Southland Times, Issue 1716, 18 March 1873, Page 1 (Supplement)
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