Page 2 Advertisements Column 1

Southland Times, Issue 1719, 25 March 1873, Page 2 (Supplement)

Public Xoticc. NOTICE. WE, the undersigned members of the Wes tern District Building and Land Society, hereby request you to convene a special meeting of shareholders, to be held on Wednesday, the 26th March, 1873. Business — Alteration of the Society's "Rules. John W. Matthews, President James Ireland Richard Rocke George J. Grant J. L. M'Donald 1 Wm. Gunn M. Instone John Wilson Johß Tall To the Secretary, Western District Building and Land Society. Kiverton, 2lst February. 1873. IN compliance with the above requisition, a special meeting of shareholders of tbe Western District Building and Land Society will be ' held in the Magistrate's Courthouse, Riverton, on Wednesday, 26th March, 1873, at 7.30 p.m. Business — Alteration of the Society's Rules. Qt. REID, Jun., Secretaiy. UTILE 4 *! OF THE WESTERN DISTRICT BUILDING AND LAND SOCIETT, EIVERTON.* Rules of tbe Society hitherto in force are horAhv repealed, and tha fnii/vnr"«»a »«.!.»«. adopted in lieu thereof : — I. — NAME AND OBJECT OP THB SOCIETT. This Society shall be called the Western District Building and LaDd S >ciety, and is established for the purpose of raising by fortnightly subscriptions and otherwise, as aftermentioned, a fund from which to make advances to members to the value of their shares, to enable them to erect or purchase one or more house or houses, or acquire freehold or leasehold estate, Xi be mortgaged to the Society for the purpose of securing the repayments, by these rules provided, and to facilitate the accumulation of small sums of money for those purposes, and others provided for in the following rules. II. — ENTBANCB PEES. Each member on admission shall pay an entrance fee of 2s 61 per share. in. — SHABES. The shares of the Society shall be of the ultimate value of £25 each. [All shares current on the 23rd March, 1873, shall be deemed to be *" A" shares, and all transactions and the records thereof arising out of or relating to such shares during tho period- of their currency shall distinctly show and set forth that the Bbares dealt with are " A" shares.] [All shares issued on and after the 24th March, 1878, shall be deemed to be ordinary shares of the Society, and shall not require any distinguishing mark.] rv. — MINOBS. Females (not being married) and minors may become members of the Society, but shall not be allowed to hold any office. V. — SHABE BUB9CBIPTIONS. The subscriptions of the shareholders shall be 2s per share per fortnight. [Tbe subscriptions on all shares issued on and after the 24th March, 1873, shall be payable on, and date from, the last subscription night in March and September in each year, provided that Bhares can be taken up on any subscription night by the payment of arrears thereon from the last subscription night in March or September as the case may be ] For the purpose of receiving these subscriptions and all other payments due under these rules, attendance will be given in the Court House, Riverton, or such other place as the Committee naa— l^-wf«il— appoint, fl*om *7 tn Q An tHo ccninps of every alternate Monday, upon which day tbe subscriptions shall be due and payable. Tbe Committee shall furnish the shareholders with pass-books, wherein all payments made shal be entered and initialed by the Secretary or other person entitled so to do. Fajments of subscriptions may be made in advance, for which discount at the rate of 24 per cent per annum shall be allowed for periods of not less than six months. VI.— IINEB. Any shareholder failing or neglecting to pay his subscriptions for two fortnights shall be fined 2d per 6hare for every fortnight thereafter during the first half year he or she may continue in arrear ; 4d per share ior every fortnight during the second half year ; 6d per share for every fortnight during the third half year ; and so on, incnasin 2d per share per fortnight for e\ery succeeding half year. When the fines on unadvanced shares shall equal the amount of subscriptions paid by a member, the share or shares, and interest of such member in the Society, shall become forfeited and cease. All shares on which the entry money only has been paid shall be deemed to be forfeited and abandoned within one month after the same have been taken up. VH. — MEETINGS OP THE SOCIETT. The meetings of the Society will be held in the Court House, Riverton, or elsewhere, as the Committee may appoint, upon notice and otherwise, as provided by law. ' An Annual General Meeting of the Society shall be beid on the first subscription night in October in each year, at which shall be submitted a report of its proceedings, and a general statement of the funds and effects of the Society, specifying in whoso custody or possession the said funds or effects shall be then remaining, together with an account of all sums of money received and expended on account of the Society •ince the publication of the preceding periodical statement, and such periodical statement shall be attested by the Auditors, appointed as hereinafter mentioned, and shall be counter-signed by the Secretary, and shall be printed, and every member shall be entitled to receive a copy of such periodical statement ; and at this meeting the office bearers shall be elected. Every shareholder (minors and females excepted) residing within a radius of 1 mile from the Resident Magistrate's Court House, shall attend the Annual General Meeting of the Society, or in default thereof pay a fine of 2s 6d each meeting. A Special Meeting of tbe Society may be held from time to time, and at any time the Committee may appoint. It shah be competent for seven or more shareholders to sign a requisition to the [Secretary] to convene a Special Meeting of the Society, and the [Secretary] shall do co by advertisement in two consecutive numbers of any local newspaper or newspapers. But should a majority of the •hareholders so convened decide that the meeting has keen called on insufficient and frivolous grounds, the parties calling it shall bear the expense thus occasioned. Tbe object of every Special Meeting shall always be distinctly stated both in the requisition and notice, and no business shall then be entered upon except that for which the meeting has been convened. Fifteen members shall be a Quorum at any general or special meeting. It shall be in the power of tbe Society at any each general or special meeting to appoint a Committee of shareholders for any special pun pose. Each shareholder present shall have one vote, and the President or the Member of Committee presiding in his absence, shall have a deliberative as well as a casting vote. All decisions .that may be come to by a majority of tbe shareholders present at any meeting, provided such decisions are in conformity with the rules.fchallbe binding upon all shareholders. * All the words in brackets are the proposed alterations of the rules.