IMAGE EVALUATION TEST TARGET (MT-3) '*- 1.0 I.I i^y^ WIS |iO ■^~ ■■■ la Ki 1 22 S 144 ""^ :^ |i£ 12.0 I ^ 1-25 1.4 |i.6 « 6" ► y] ^.^• '/ Photographic Sciences Corporation as WEST MAIN STRHT WEBSTER, N.Y. 14^a0 (716) 873-4503 ,v \o CIHM/ICMH Microfiche Series. CIHIVI/iCMH Collection de microfiches. Canadian Institute for Historical Microreproductions / Institut Canadian de microreproductions historiques S> Tschnical and Bibliographic Notaa/Notas tachniquaa at bibliographiquas Tha Institute has attamptad to obtain tha bast original copy availabia for filming. Faatures of this copy which may ba bibliographically uniqua, which may altar any of tha Imagas in thn reproduction, or which may significantly change the usual method of filming, are checked below. 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This item is filmed at the reduction ratio checked below/ Ce document est film* au taux de reduction indiqu* ci-dessous. 10X 14X 18X 22X / 12X 16X 20X 26X 30X 24X 28X 32X The copy filmed here has been reproduced thanks to the generosity of: Nationai Library of Canada L'l^xempiaire fiimi fut reproduit grAce d la g4ndrosit6 de: BibiiothAque nationale du Canada The images appearing here are the best quality possible considering the condition and legibility of the original copy and in Iteeping with the filming contract specifications. Original copies in printed paper covers are filmed beginning with the front cover and ending on the last page with a printed or illustrated impres- sion, or the back cover when appropriate. All other original copies are filmed beginning on the first page with a printed or illustrated impres- sion, and ending on the last page with a printed or illustrated impression. The last recorded frame on each microfiche shall contain the symbol —^-(meaning "CON- TINUED"), or the symbol V (meaning "END"), whichever applies. Ltm images suivantes ont At6 reproduites avec le plus grand soin, compte tenu de la condition at de la nettetA de I'exemplaire film6, et en conformftA avec les conditions du contrat de filmage. Les exemplaires originaux dont la couverture an .lapier est imprimte sont filmte en commenpant par le premier plat et en terminant soit par la dernidre page qui comporte une empreinte d'impression ou d'illustration, soit par le second plat, salon le cas. Tous les autres exemplaires originaux sont filmte en commen^ant par la premiere page qui comporte une empreinte d'impression ou d'illustration ut en terminant par la derniire page qui comporte une telle empreinte. Un des symboles suivants apparaltra sur la derniftre image de cheque microfiche, seion le cas: le symbols -^ signifie "A SUIVRE", le symbols V signifie "FIN". Maps, plates, charts, etc., may be filmed at different reduction ratios. Those too large to be entirely included in one exposure are filmed beginning in the upper left hand corner, left to right and top to bottom, as many frames as required. The following diagrams illustrate the method: Les cartes, planches, tableaux, etc., peuvent Atre filmte d des taux de reduction diffirents. Lorsque le document est trop grand pour dtre reproduit en un seul cliche, il est f iimi d partir de Tangle suptrieur gauche, de geuche A droite, et de haut en bas, en prenant le nombre d'images n^cessaire. Les diagrammes suivants illustrent la mithode. 1 2 3 1 2 3 4 5 6 t. A N A J> -^ ■^m^ RULES A OF THE V NOVA SCOTIA Permanent Benefit Building Society AND ^ AVINGS UND. / ^ m^::z^ HALIFAX, N. S. : S. Sb:LI)P:N,7l GRANVILLE STREET, 188G. RULES OF THE NOVA SCOTIA Permanent Benefit Building Society AND P AYINGS VUND. f' HALIFAX, N. S. : S. SELDEN, 71 GRANVILLE STREET 1886. K^ Z10 2 k;6 N(5 FOU THE K. S. Permanent Benefit Building Society AND ^-A.viisrGf-s' iFuisrx)- RULES. Formation and Objects of the Society. a This Society shall be known as "The Xnv-i q. •Oli' Pn^: Vr p^.^^^^^^ Win, of a s:^::e:?^:t::^S^Lt-iS ^^i^?^- =^^ subscribe. ° ^^ ^''^^'^ *^ '^^^^ members when they pala ^^illli'be^^Stl^t ^'^Tf - "-^ «^-es not shares so subscribed bv Uhmi,, 7 '-^^ ailvance on said share or payments requi ed to be^Jnle bvT ^^^"""? *«, ^he Society the gage of freelloldor WlS; ;^^^^^^^^^^^^ ^^ by a iort- .-vs may be agreed upon. ^'""^'^'^y^ ^nd such additional security both by tlB navments of ,>f „ t ° "Ismail sums of mcney II. Shares, Sabsoriptions, Mode and Time of Payment, &o doiLJeadf'"""''^"^''^"'' »'-"''» '»- ''U,ul„J and eighty .i S'°re1f'lS7'*t"d°toT°' "-T '""" "^ '»•» """- per cent per aunun „ J tJ ? bUrst H'V" "'? "'T^' '* «>'« of interest is six per cot S' ™,'''°['y '=.'-'»''• ^'''''='> -^"'d rate per cent. The sa.d subscriptioi.s may at the option of tho member bo paid either monthly, quarterly , half yearly or yearly in advance. When paid in advance, for a period of not less than six months or more than one year, the Directors may, if they see fit, allow a discount thereon at the rate of five per cent per annum, on shares bearing six per cent interest, and a discount of four per cent jier annum on shares bearing five per cent interest. c Members may pay in advance the amount stated in the proper table annexed to these rules according to tho rate of interest agreed on, for any share or shares which shall be denominated "Paid up Shares." d An indefinite number of shares may be issued, and tho IJoard shall have power to limit the number of shares to bo held by any one member, and also may within one month after any person has become a subscriber, decline to admit any such person as a Share- holder, and in that event shall return any moneys he has paid to the Society. e For every share taken in the Society, the sum of two dollars per share shall be paid as entrance money at the time of the appli- cation for the shares, and a like proportion for every part of a share. Provided that the ]>oard shall have power under special cicum- stances to change or remit the amount of the entrance fee. / The monthly subscription on each share, not paid up, together with all fines, shall be paid to the Treasurer at the office of the Society at Halifax on the first Monday in every month between the hours of 10 a. m. and 8 p. m., or at such other time and place as may be appointed by the Board, until the share be fully realized. g Every Shareholder neglecting to pay his subscriptions at the time appointed, shall be fined for each share as follows, five cents for the first month, and ten cents for every subsequent month. Ji Every such Shareholder shall be charged forty cents per annum, as long as he continues a member of the Society, for each and every share held by him, not paid up, for office and other contin- gent expenses, which sum shall be due and payable on the first Monday in August of each and every year. / The proprietors of paid up shares shall on withdrawal or maturity pay five cent on the interest accrued on the shares held by them in lieu of the annual fee for contingent expenses. j Any shareholder (not having received an advance) continuing to neglect the payment of his monthly subscription until the fines incurred thereby shall equal all the moneys actually paid by him, shall thereupon cease to be a Shareholder, and forfeit all his interest in the Society. 7c All receipts for subscriptions paid to the Society shall bear the signature or initials of a Director, and of the Secretary and Treasurer, and shall be given on the Shareholder's receipt book, which must be produced on every payment. I Shareholders shall receive a certificate of their shares, signed by at least three Directors, and countersigne*! by the Secretary and Treasurer, which certificate nmst be produced on the transfer or withdrawal of any share. The certificate must also be produced to entitle those shareholders who have had an advance of money to receive their title deeds ; and those who have not had an advance of money, to receive at maturity of share the sum of four hundred and eighty dollars for every uuadvanced share. If any such certifi- cate should be lost, the Board may issue a duplicate thereof, on the shareholder deposing or making a statutory declaration before a Justice of the Peace that the said certificate had been lost, and paying for every such duplicate the sum of fifty cents — the said duplicate shall expressly state that it is given in place of the cer- tificate lost. III. Power to Change Six per cent, to Five per oent. Should the Board at any time deem it to be for the interest of the Society, they shall be at liberty to require any members holding investment shares on whicl* interest is payable ut si.\ per cent, to withdraw and cancel the same, and after one nlonth^5 notice given in writing to that effect no further interest shall bo payable thereon, but such shares shall fully participate in profit and loss to the time of withdrawal, provided that said Board shall be bound, if such member apply therefor, to issue to him paid up shares without entrance fee at five per cent, interest as nearly as possible equiva- lent to the amount so withdrawn, and shall also in the event of his said shares so cancelled (being monthly subscription shares, issue to him if he requires it other subscription shares, of like number to those withdrawn, at five per cent, interest, without any additional entrance fee. IV. Power to Borrow and Receive Money on Deposit- The Directors shall have power to borrow money and to i-eceive money on deposit, in large or small sums foi- the use and on the security of the assets of the Society, and to pay such interest therefor, and under such regulations as they may from time to time deem advisable. The amount so borrowed shall not at any time exceed one quarter of the amount for the time being secured byj mortgage to the Society. V. Mode of Obtaining an Advance of Money. « There shall be a monthly meeting of the members of the Society at 8 o'clock on the evening of every Tuesday after the first Monday in each niontli at the office of the Society, which shall be open to persons applying to become members. At suth meeting the money to bo advanced shall bo pnt np to competition in one sum by the Secretary, or such other person as the President, or in his absouco the Vice-President or Dil^'ctor presiding at such meet- ing deputes. The Shareholder, or person applying to become a SharoholdcM', who shall at such sale bid tlie highest premium per cent. tli(M'et'or, shall bo entitled to have the whole, or such part of the said money, as ho shall require awarded to him, and the balance of money if any renuiining after such sale, shall in like manner be juit up to competition and awarded to the Shareholder or pereon api)lying to bi^conie such, bidding the highest premium therefor^ and so on until the whole of the money shall be disposed of. b Every applicant for an advance, shall, immediately upon a sum of money being awarded to him, deposit with the Treasurer the sum of two dollars per share, sueli deposit to be considered as part payment of his subscriptions after tlio advance shall have been made, but should such applicant decline to take up the amount awarded to him, or fail to otter to the Society satisfactory security within the peiiod hereinafter limited therefor, lie shall forfeit to the Society the two dollars per share so d(!posited by him as aforesaid. c Every applicant to whom money is awarded, shall within tAventy days after such auai'd, take up the luone}'^ and give security according to Rule VII. d The Directors shall have power to advance to members on the security alone of any uuadvanced share held by them. They may also at any time take security upon personal property, or any other security in addition to real estate security for an advance to any member. e In the event of an advance being made on the security of unadvanced shares, such shares shall on th"' maturity or with- drawal be applied to the repayment of such advance, if the same be not previously repaid. / Slould a holder of a share or shares on which inten-st is ])ay- able at five per cent, apply for an advance thereon, the Board shall not be bound to make such an advance, but may on his withdrawing said shares issue to him other share or shares of like or less number at six per cent, interest, on Avhich an advance from the funds of the Society shall be made if required. Should such five per cent, shares be withdrawn and said si.x per cent, shares issued in lieu thereof on which said advance is made, the l>oard shall be at liberty to remit the charge for entrance fee on the last mentioned shares, and said shares so withdrawn shall fully participate in profit and loss to the time of withdrawal. 7 VI. Short Loans. I'ersons desirous of becoming shiireholilers for the purpose of obtaining an advance for a shorter time than that indicated by the " Tables," may subscribe for shares in any month subsequent to the first, upon payment of such .special entrance fee as may be agreed upon, and shall receive in respect of such shares the amount as indicated in cohunn IJ. of ihe table calculated on the rate of interest agreed to be paid him opposite the month in which such shared are subscribed, and shall thenceforth pay the regular monthly subscription according to eaid rate of interest, and otlier payments on saiil shares, until sucli shares are fully rciib'/pil. VII. Security for Moneys a"',anced. // Wlien an application has been duly mad'^ by any person roijuiriiig an advance, he shall at onct givt iMtice of the nature anil situation of the property intended to be oll'ered for the security thereof to the Secretary, who shall forthwith transmit the same to the Surveyor, when directed by the Board to do so ; and tbf Surveyor shall, after the receipt thereuf, examine the property mentiune to the Trustc'cs from loss or damage by tire, unless dispensed with by said IJoanl, in such Insu- rance Comi)any, and in such name or names as shall be approved of by said iJoard, and for the beneHt of the said Tiustecs iind their suoces!?ors in office, for sucli an amount as said i^oard shall direct, anil he shall produce and lodge the ^jolicy and the •' renewal receipt " thereof, with the Secretary of the Society when and a» often as is required, but not later than the forenoon of the day of expiry, and in case of default in so insuring, it shall be lawful for the said Seci-etary to effect and keep up such insurance, and the said nioitgagor shall pay to the said Trustees, or their successors in 11 office, all sums of money paid by them for such insurance. And, in the meantime, the amount thereof, with interest thereon at six per cent, per annum, and all fines imposed or to be imposed for the non-payment thereof by the present or any amended rules and regulations of the said Society shall be a charge on the said hered- itaments <'in(l premises, and the said Trustees, or their successors in office, shall have the same remedies for the i-ecovery thereof as for the recovery of the other moneys intended to be secured. h In case of non-payment of any insurance premium, as afore- said, the mortgagor shall be liable to the same tines as would be payable on subscriptions in arrear for a similar amount. c If any Shareholder whose property is thus insured shall do, or cause, or permit to be done any act, matter or thing Avhereby the validity of such insurance may be affected or impaired, the Direc- tors shall have power to at once compel repayment of the amount of his advance then remaining unpaid, and other moneys as per rule XIX. as if he was in arrear. (/ Wlienever any property mortgaged to the Society sustains damage by tire, the Trustees for the time being shall receive the amount payable in respect of the damage so sustained from the insurance office in which such property has been insured, and shall give a receipt for the same, which receipt shall be a sufficient dis- charge to tlie person or persons liable, by virtue t.f any policies of insurance, to pay such money ; or the Trustees may, in their dis- cretioii, enter into an arrangement with any such insurance company for the restoration of the property, in lieu of the receipt of the sum so insured, e 1'he money, so to bo received as last mentioned, shall, if advi- sable, be ai)plie(l, so far as the same shall extend, in repairing the damage so sustained, or the money shall be applied in payment and satisfaction of the moneys mentioned to be secureil by the mort- gage deed, or other security, and the surplus (if any) be paid to the mortgagor. nnes rable ■;s or nsu- (m1 of Itheir rect, ewal d as y of for the hs in • XII. Register of Shareholders. a Tlie Secretary shall keep a register, in which he shall enter the christian name and surname, the profession, trade or busiiiess, and place of aljode of each member of tlie Society, with the shares tltey lidlil, their numbers, and when taken up, when cancelled and the particulars of any transfer ti.ereuf ; ami as often as any Shareliolder sliall cliange his place of abode he shall, within one month thereafter, give notice thereof in writing to the Secretary, ■who shall make an entry in the register accordingly. h All notices, circulars, correspondence, documents, or com- 12 munications of any kind whatsoever shall bo deemed duly served if forwarded by messenger or through the Post Office to the address last given on the register. XIII. Joint Owners of Shares. If any two or more persons shall take or become the holders of shares in this Society, in their joint names, the joint owners of shares shall, in matters connected with this Society, be reckoned as one member only, and the owner whose name has priority on the register shall alone be recognized in, and have power to act in the Society. XIV. Minors becoming Members. The consent of the parent, master, or guardian of a minor that such minor shall be admitted a member into the Society shall be testified in writing, and be in such form as tlie Solicitor of the Society shall advise ; and no minor shall be admitted a member without the special order of the IJoard for that purpose. XV. Transfer of Shares. • Any Shareholder, on giving previous notice in writing, according to form ]]., to the Secretary, shall be at liberty to sell or transfer his shares to any member or other person to be approved of by the Eoard, on payment of all fines and liabilities then due to the Society in respect of such shares, and discharging all other engage- inents, and euch purchaser or transferee shall hencefortli be regis- tered as a member of the Society. XVt. Shareholders Withdrawing. a Any Shareholder who shall be desirous of withdrawing any .shares on which he has not received an advance, shall be allowed to i\o 80, on giving one month's notice in writing, according to form D, of his intention, and shall receive in respect of each share the sum stated in the proper table annexed to these rules ; and each share so withdrawn shall be charged with and bear a proportionate part of any loss that may have accrued or been declared previous to such withdrawal, and the amount of such loss shall be deducted iling IS from the {unount payable on such shares withdrawn as aforesaid, provided that said proportion of loss may be estimated as per rule XIX. if. And may be payable only where the expenses, liabilities and losses of the Society exceed the balance of the contingent fund IS therein set out ; and provided also that in no one month shall more than one-half of the funds on hand in cash be applicable to the demands of the withdrawing Shareholders without the consent of the Board. b If more than one Shareholder shall give notice to withdraw at one time they shall be paid in rotation, such number of shares as the Board may determine, according to the priority of notice ; but widows and children of deceased members shall always have priority. Sliareholders withdrawing shall pay a canceling fee of fiftj' cents per share to the contingent fund. c In case of the withdrawal of shares all fines and fees incurred previously to any such withdrawal shall be deducted from tlie amount which the Shareholder would be entitled to receive. But no fines subsequent to tlie date of withdrawal, as fixed in the notice, shall be charged, and no further interest shall be allowed, except in case of the Society declining to pay the same, at tlie time vequired. d If, at any time, it should be the opinion of the Directors that more unadvanced shares will be payable at one period than the funds of the Society will be likely to meet, it shall be lawful for them, whenever they may deem it necessary, to determine that the withdrawal of such shares shall commence, and to fix the time of said respective Withdrawals, and to fix by ballot the order of Avithdrawal, and the amounts payable on such shares shall be the same as those payable on voluntary witlidi'awals, except that no cancelling fee shall be required. XVII. regis- any ed to form the each )nate ious icted Shareholders becoming Lunatic or Insane. In the event of any Shareholder becoming lunatic, or of unsound mind, no fines shall, during such lunacy or unsoundness of mind, bep ayable or accruable for arrears of subscription, or otherwise, on any share or shares he may hold ; but if such afflicted member hold unadva!iced shares his committee or guardian, legally appointed, shall be entitled to withdraw the amount payable to such Share- holder, as in the case of withdrawing Shareholders, but in case there should be no such committee or guardian, then the party nearest in relation to, or having charge of, such afflicted Shareholder, shall, if the Board shall think fit, be entitled, after such person shall have given to tlio Board six months' notice, and satisfactory evidence of the lunacy of the Shareholder, but not previously, to receive the amount due to such Shareholder, at the date of his lunacy, with i I 14 interest thereon, deducting in any case, such lines as may liavo been incuri'ed by him previously to the date of his becoming luniitic or of unsound mind ; which date the Board shall, after investigation, determine, subject, however, to any and every condition the Hoard, for the security of the Society, may think proper to require from the party applying for the withdrawal of such amount, but such withdrawal shall be made only upon payment of all proportion of losses payable in respect to said shares so withdrawn. XVIII. Death of Shareholders. In case of a Shareholder dying, no right or benefit or survivor- ship shall be had or claimed by the surviving Shareholders, (except as hereinafter provided) ; but the share or shares, and interest of such deceased Shareholder, shall go and belong to his executors or administrators, who shall have and take as much benefit and advan- tage by, from, and under these rules as the deceased Shareholder ought to have had, or could or might have had, in case he had been living ; and such executors or administrators shall be subject or liable to the payment of all subscriptions, fines, forfeitures, losses, and other moneys imposed or made payable, and by and to the ob- servance and perf(jrmance of these rules or an}'' new or amended rules in force for the time being, in all other respects as the deceased Shareholder ought to have been, or could or might have been sub- ject, or liable to, in case he had been living ; and may vote and act in all cases whatsoever as fully as the deceased Shareholder whom they represent might have done if living. Nevertheless, one exec- utor or administrator only shall vote, and if two or more claim to vote, preference shall bo giveji to the one whose name has priority in the probate or letters of administration, and shall, if the Board i ink lit, be registered as the person alone entitled to the shares of tl 5 deceased Shareholder. Provided if no probate of will or letter of adnnnistration be p oduced to the Board at any meeting within twelve months after the decease of the Shareliohler, then the Board shall be at liberty, at or after the expiration of that term, to allow the sliares and interest of such deceased Shareholder !o go and belong to liis widow or children, or next of kin as the Board shall think fit ; and the Board may pay or distribute the subscriptions paid in by the said Shareholder to his wi'low or children, or next of kin, as the Board shall decide, adding [)rofits and deducting loss thereon, us in the case of withdrawing members, unless such persons shall wish to continue subscribers, in conformity with these rules, ^subject in any case to every condition the Board, for the security of tlie Society, may think proper to require from the persons so taking the shares t 15 and interests of the deceased Shareholder. IJut if no legal repre- sentative shall claim a right to the shares and interest of such deceased Shareholder within one year from the date of his last payment ; and the IJoard cannot, after enquiry, and the insertion of an advertisement in a newspaper, circulated in the county wherein such Shareholder resided, ascertain that there is any person legally or benehcially entitled to receive the same, they shall have power to order that such shares, interests and benefits be forfeited, And they shall thenceforth become the property of the Society ; ifrovided always, that the Board shall have power to pay sooner than twelve months if they think fit to do so. XIX. Contingent Fund. a A fund to be called the Contingent Fund shall be formed of the entrance, annual and other fees, all fines imposed, and the pre- miums given for money, out of which, as far as the same will go, shall be paid the salary of the Secretary and Treasurer, and the expenses of working the Society, and all other incidental expenses of whatever nature. h If, upon investigation at the annual meeting of the Society, it shall be found that there is a surplus in the contingent fund over and above what is required for the working of the said Society, and for payment and discharge of all its debts, liabilities and losses, it shall be lawful for the Directors, after leaving such sum in the fund as they may deem necessary as a " rest," to pay the balance into the general fund to the credit of the contingent fund, which balance may be divided and entered as a bonus to the credit of each share, in proportion to the shareholder's contributions to tlie gene- ral fund, with the accumulations calculated as fully paid up to date and not in arrear, and be applied in shortening the time stip ulated in the tables fore, or said balance as they shall deem best for the interest of the Society ; provided that it shall be lawful for the Directors at any subsecjuent period of the Society's duration to draw upon the whole or any part of the sum or sums paid into the general fund or otherwise disposed of as a bonus as aforesaid, should tlie current receipts and the amount in the contingent fund at any time diminish, so as the said fund should be unable to bear the sum chargeable against it. The said rest may also be paid into tlie General Fund to the credit of the " rest " account, and may be drawn out again at any time should the objects for which it is set apart require it. c The profit and losses of said Society may be ascertained and distributt.'d by said Board ([uarterly, semi-annually, or annually, but for the maturity of shares as hereto- may be applied to such other purposes 16 not less often than once a year, iit a time before each annual meet- ing, 'Nvhen the ]{oare borne alike by each of the investing and borrowing Shareholders and niembers in propor- tion to their contributions to the general fund with the accumula- tions thereon at the time such loss is declared by the said Board, computing the said contributions as if fully paid up to date and not in arrear, which proportion the Board shall determine. (• In the event of the said Shareholders being called upon to bear any loss, the same shall be paid by them either immediately or by monthly or periodical instalments, or at the maturity or with- drawal I'f the shares, as the Directors shall determine. If the same be not paid immediately, interest thereon at the rate at which said shares have been subscribed shall be paid by them at such times as said Directors sliall determine. li!! XX. Payment of Fines— Arrears. All tines incurred by a Sliareholder shall be payable with his next monthly subscriptions ; and all payments which shall become due from any Shareholder, where the juode and time of payment are not hereinbefore prescribed, shall be made in one payment, at the next subscription meeting, unless the Board shall consent that the same be received by instalments. If any member be in arrear in respect to his .-subscription or fines, or other moneys due to tlie Society for more than one monthly meeting, every payment afterwards made by such member, if not sufficient to discharge the whole thereof, shall be applied first in liquidation of what shall be owing for the first month, and then in the discharge of the arrears of every suc- ceeding month. The Board shall fix the amount of fines for omitting payment of moneys due to the Society, for which no pro- vision may have been previously made. 17 XXI. Intenruption at meetings. If any iSliarcholder shall at any meeting, in the opinion of a majority of the members present, misconduct himself, or interrupt the business uf tlio meeting, he shiU, on the reiiuest of any Shareholder, 1)0 ordered by the President or other presiding officer, to leave the meeting ; and should he neglect or refuse so to do, for the space of ton rainutt!s, he shall pay a fine not exceeding four dollars — the amount of sucli tine to be fixed by the President, or presiding officer at such mooting. Should a Shareholder so misconduct himself, or commit any act, as in the opinion of the Board, may warrant his expulsion from the Society, the Secretary shall give him one month's notice, to sell or withdmw his shares ; and in default of his so doing, he shall, at the ex])imtion of the month, stand expelled, and be entitled to receive on his shares the sum then payable, and shall at, and after, the oipimtion of the said month, be no longer considered a Shareholder. XXII. Mode of Voting. The Trustees, Directors, and officers, shall be elected, and all • luestions decided, except where herein otherwise provided, by a majority of votes of the Shareholders, to bo taken by ballot, if demanded. Shareholders shall be entitled to vote upon the following scale, namely — one share one vote, three shares two votes, and one vote for every two shares above three ; provided that no Shareholder shall vote by proxy, or bo entitled to more than ten votes. The President of the meeting may vote, and in case of an equality of votes, he shall also huvo the casting vote. A minor may vote through the medium of his Trustee or Guardian, ai registered in the Society's books. Xo mombor of the Society shall vote on a tjuestion which immediatiily rolatc^s to ur ailects his indivi dual interest. XXIII. Disposal of Surplus Funds. a If at any time the Directors shall be unable to dispose of the money on hand by way of advances to members, they shall call a special mooting of the members, and announce the fact to them. And if the money in hand shall not then be taken up voluntarily by proper notices, according to the rules prescribed for the witli- ♦Irawal of shares, they shall in the presence of the members attending such mooting, proceed by ballot, in such form as shall be prescribed 18 l»y die Directors, to dispose of so luaiiy shares, as the money in hand, will warrant, among such of the members as shall not previous- ly have received their shares in advance ; and the person or persons-, whom the ballot shall determine to be liable to take the share or shares ballotted for, shall forthwith 1)0 obliged lo withdraw from this Society to the extent of one ^huro, for such first ballot, and shall 1)e subject to the rules prescril)cil for the withdrawal of shares, so far as the same are applicable. Hut no member shall be subject to such ballot a second time, until all the Shareholders shall have been once subjected to such ballot. b If the Board shall not deem it expedient to adopt the plan hereinbefore set out, for the application of the accumulated funds, they are further empowered to lay out and invest the same, in tht' names of the Trustees for the time being of the Society, in such lawful manner as the said Board may deem most beneficial to the Society ; and the said Trustees shall hold and stand possessed of the said funds, or the investments thereof, subject to, and to be disposed of, from time to time, according to the order of the said Board, who are hereby empowered to make such order, from tinu; to time for varying the investment of the said funds, or calling in the same, and disposing thereof, in such lawful manner, as they Khali deem most conducive to the interests of the Society. XXIV. .^±: '!'! ill ^ Trustees. a There shaL l)e three 'rruste«*s of this Society. Hon. William .1. Almon, Stephen Selden and Kobie I'niacke, of Halifax, shall continue to be such Trustees, subject to these rules. The Trustees shall remain in office for life or until they resign, or are removed sis herein provided, or become otherwise disqualified. h The funds and property of this Society, shall be vested in the Trustees for the time being, subject to these rules. All deeds, writings and securiti(;s to and from the Society shall be made and taken in the names of the Trustees for the time being for the use and benefit of the So(!i(!ty, and tlie Trustees may, if they require it, be furnished at (jacb aminal meeting with an alphabetical list of all such Deeds, Mortgages, lionds and Securities. c Every Trustee shall be the lioMer of, at least, three paid up sluires, or ten monthly subscription shares in the Society. i/ The Trustees shall iv ({(tin'o, Im; Directors, and entitled to V(jte at the Board, on all ordinary business coming before it, unless objected to by a majority of the Directors present, (not being Trustees), but in no case shall tho}' vote when their own conduct is the subject of investigation or for the a])pointment of a President or Vice-President or on any otlier (piestion relating to tlie Constitu- tion of the Board. ■ iii. 19 ■e. The Trustees foi* the time being shall make all ))ayraent8 on 1)ehalf of the Society by checks upon the bankei-s, to be signed by s\X least one Trustee, being tirnt signed by one Director, and coun- tersigned by the Secretary and Treasurer. Previous to a bank ccomo vested in the Trustees hereinliefore named and api>ointed. / If after request made, by order of the Board, to deliver up the deeds, papers, aud other projMjrty, belonging to the Society, any former Trustee, or his representatives, shall persist in retaining any of them, he or they shall be expelled from the Society, and shall forfeit all money he nuiy have paid to the Society, and all interest or share in the assets thereof, and shall, if necessary, be compelled, by all legal and equitable means, to give up and transfer the same respectively. j During the interval between the death, removal, or resignation of a Trustee, the remaining Trustee or Trustees, shall be competent to act in the execution of the trusts reposed in them, as fully as if there was no vacancy in the trust, and the appointment of another. h The Trustees shall not be chargeable with more money than they, respectively, shall actually receive, and any one, or more of them, shall not be answerable for the other, or otliers of them, nor for the acts, receipts, neglects, or defaults, of the other or others, but only for his, or their own acts, receipts, neglects, and defaults, respectively, nor be accountable for any banker, or other person whom any part of the money or property belonging to the Society, shall be deposited, nor for any misfortune, loss or damage, which may happen, in the execution of the powers and trusts there contain- ed, or in relation thereto, except the same shall happen by, or through, their own wilful neglect or default respectively ; and it shall and may be lawful for the Trustees, out of the moneys which shall come to their respective hands, to retain and to reimburse himself,, aud themselves, and also to allow his and their Co-Trustee, and Co-Trustees, all costs, charges, damages and expenses, which they, or either of them, may sustain, in the execution of any of the powers or trusts, vested in them or either of them, or in .elation thereto, / At the termination of this Society, or on the resignation of any Trustee, he or the\ may reciuire idemnity from the Shareholders,, .securing him, or them, from all future liability in respect to the trust;, which bond, or deed, of idonniity^ the Directors, for the time being, or a committee of any tluee of tliem, are hereby fully authorized to execute and deliver, tor, and on account and behalf of, all the Shareholders of this Society, and which shall be as effectual to- bind them, and the property and eilects of tlie Society, as if made,, executed and delivered by each member thereof — the expenses of Avhich shall be paid out of tlio contingent fund. m The Trustees shall Ije paid such compensation for their services, as a majority of the Shareholders shall determine at the Annual Meeting of the Sociotv. \m 21 of lers,. ust;. leir the XXV. Directors. a This Society shall be managed by a Board of five Directorn exclusive of the Trustees, three of whom shall go out of office at the Annual Meeting, but be eligible for re-election. The tlirec who go out of office, sliall be taken in rotation fron>. the top of the list of the present )irectorfl, and every newly elected Director sliall bo added to the foot of the list : Provided that, if any Director bo desii'ous of resigning, or shall be removed from office, or die, such Director shall be considered, one of the three to go out of office. i Every director shall hold at least three paid up shares, or ten monthly ubscription shares in the Society, and shall be separately elected by the shareholders except as herein otherwise provided. e The bankruptcy or insolvency of any Director, or his com- pounding with his creditors, or his being in arrears for subscriptions or other payments for over two months, or his becoming other- wise unfit or incompetent or disqualified to act, shall be sufficient cause for his removal from office. And the Directors shall, at a special meeting, called for that purpose, by a vote of not less than two-thirds of the whole number present, have power to decide as to the incompetency or unfitness of such Director, and may remove him from such office, for any of the causes named. The ■Directors shall have power, within two months, to fill up any vacancy, that may arise in their own body, or in the office of Secretary and Treasurer, in the course of the year, by a vote of a majority of the Directors pr(!sent. But said appointment shall be submitted to the Shareholders at the next Annual Meeting for approval, who may, if they think fit appoint another in his stead. d The Board shall annually elect one of said five Directors as President, and another as Vice-President. They shall divide themselves into such rota as they may deeri expedient. e They shall meet, at least, once in every month, to transact the general business of the Society, at which meetiny, three shall form & quorum, exclusive of any Trustee present. The bank books shall be exhibited and the amount paid in since last meeting declared, and entered as the first minute, together with the balance in the hands of the bankers. / The books of the Society shall be inspected by the Board. They shall take all necessary precautions for i>rotecting the interests of the Society in regard to property mortgaged to it. oard. On proper application therefor, being made to the President, or in his absence the Vice President, all said books shall be open for inspec- tion by any member, at all reasonable times. He shall give im- mediate information to tlie Prt'sidfiit of any circumstance tliat may come to his knowledge, which he appreliends will be of advantage or disadvantage to tlie Society, in order tliat the Presiileut may deliberate on the necessitv of taking immediate measures, and calling a special meeting of the ISoanl. h As Treasurer he shall receive all tlie monthly subscriptions and other payments and moneys, an«l shall deposit the same in tilt' Bank, to ti)e credit of the Society as soon as practicable. For services as Secretary and Treasurer he sliall bo ])aid such an amount, and in such manner, as shall be dntt.'nnincd by the Board. XXXI. Security by OflBcers. The Secretary and Treasurer, or any other person filling an oflSco of trust, may become bound in a bond, jjursuant to the Act of (•eneral Assembly, 12 Victoria, Cap. -12, Sec, 9, and according to the usual form heretofore in use, in such penal sum, and with such sureties as the Board may from time to time approve of, for the i •20 faithful execution of su<:h otticc, and for such of the Society's property as may bo entrusted to his or their charge, and for render- ing a just and true account according to these rules. Provided always the Board shall have power, as often as it deems it advisable or prudent so to do, to rc(iuirc the Secretary and Treasurer, or any person filling an office of trust, to file a bond, with two sufficient sureties, in an additional penalty, the amount of which shall be fixed, and be discretionary with the said Board, provided also that said Board may not reriuire such Bond but may in lieu thereof but for the like purposes, take such other sufficient security from any such officer, as it shall think prudent. XXXII. '"''■■' ' Auditors. One Auditor shall be elected annually by the Shareholders, and one by the Directors, — they shall remain in office one year, and be eligible for re-eleation, — they shall audit the Society's accounts after every twelfth monthly meeting, when the yearly accounts, shall be immediately closed, audited, reported, and a periodical statement thereof published under the direction of the Board signed by the President and Auditors, countersigned by the Secretary ; and a copy thereof shall be sent to each Shareholder. The Auditors shall be paid such compensation for their services as a majority of the Shareholders sliall determine, at the Annual Meeting of the Society. XXXIII. Annual Meeting. A general Annual Meeting of the Shareholders, shall be held at the Society's office Halifax. Seven days notice of such meeting, given in two newspapers published in the City of Halifax, shall, be sufficient notice of sucli meeting. r •■ ' . ^ ' ^, XXXIV. Agents. The Directors shall have power to appoint agents to transact any l)usiness outside of the City of Halifiix for the Society, within the scope of their instructions in writing, and to pay them out of the funds of the Society such remuneration for tlieir services as they shall think reasonable. Subscriptions or repayment may bo paid by members, or other borrowers, to such agents when duly authorized to receive the same, at the time hereinbefore provided and such Ajront rsliall forthwith transmit the same with an account to the •85- 27 •f t any 11 the the- they paid rized such > the Treasurer. Tlie Board may reiiuii-e the agents to furnish a iJond or other security, according to JIulc XXXI, for the faithful execu- tion of the duties required of them. yj ■ XXXV. Change of Officers. n The Officers of the Society, (not including the President, Vice-President, Directors and Auditoi-s) shall remain in office for life, or until they resign, or are removed from office by the Board, for cause of which the Directors shall be sole judges. f> The said officers of the Society shall be suspended or removed from office only by a 8i)ecial meeting of the Board, to be called for that purpose. c In case of a vacancy occuring, the Directors present at a special meeting of the Board, shall appoint a person duly qualified to supply such vacant office. XXXVI. Eeference of Disputes to Arbitration. The Board for the time being, or the major part of them, shall determine all disputes "which may arise concerning the affairs of the Society, or respecting the construction of these rules, or any of the clauses or things herein contained, or of any of tlie bye-laws, addi- tions, alterations, or amendments thereof, or any difference which shall or may hereafter arise between the Trustees, Officers or other Shareholders of the Society, and the decision of the Board, if satisfactory, shall be conclusive ; but if not satisfactory, reference shall be made to arbitration, pursuant to 12 Yictt)ria, Chap. 42 Sec. 18 : The five arbitrators alreadv elected, sliall continue to be the arbitrators under said section, and tlu! Board shall, fn>m time to time, elect other persons to fill vacancies occuring among said arbitrators, so that the number thereof shall be at least five. None of the said arbitrators shall be beneficially interested, directly or indirectly in the funds of the Society. In each case of dispute the names, of the arbitrators shall l)o written on pieces of paper, and placed i:i a box ; and the three whose names iire first drawn by the complain- ing party, or by some one appointed by him, shall be arbitrators to decide the matters in diflerence, whose decision or the major part of them, shall be final and binding on all parties. The costs of the reference shall be paid by such party as the arbitrators shall direct. The party re([uiring the arbitration shall deposit with the Secretary three dollars. 28 xxxvir. Termination of Membership. Whenever the subscriptions on a share, as stated in the proper tables, calculated on the rate of interest agreed to be paid, shall amount, with the nett contigencies continuing to liis credit, to the sum of $480 the holder will, on returning the certificate and paying all proportion o' losses determined in accordance with these rules and interest thereon, and all arrears of subscriptions, lines and other payments due, receive that sum out of the funds of the Society on each unadvanced share. And on each advanced share, whenever the same shall amount to the principal and interest due to the Society, less any amount credited thereto from the contingent fund, and when all arrears of subscriptions, fines, l)roportion of losses, interest, and other payments due, are paid, the Trustees will, with the advice of the Solicitor to the Society, deliver up to his or her legal representative the title deeds and other documents which shall have been deposited with them by such Shareholder as security to this Society, and shun and will at his or her request, endorse on his or her mortgage, a release for all moneys intended to be secured thereby, pursuant to the 12 Vic, Chap. 42, Sec. 23. The holders of "Paid Up" shares also, on returning their certificates and paying all dues to which they have become liable and proportion of losses aforesaid, and interest as shown in the proper table, will be entitled to receive out of the funds four hundred and eighty ilollars on each share, — whenever that share together with the nett contingencies continuing to the credit of each share, shall bo realized. And thus the membership of both investing and borrowing Sluirehoidors shall then terminate, and their liability to the Society t'oase, and this rule shall be applicable both to shares already subscribed, as well as to those hereafter to be subscribed bj' nieiiib(!rs. XXXVIII. New Rules and Alteration of Rules. Xorule herein contained nor any rule hereafter to be made, shall bo altered, rescinded, or repealed, unless at a general meetiTig of the Society — fourteen days notice of the inteuiled alteration to be given by circular, sent to eacli Shareholder, signed by the Secretary, and also ])y public notice in two or more newspapers if the Directors shall think tit, and in pursuance of a reii[uisition addressed to the Jioard, hy seven or more of the Shareholilers ; which requisition and notice shall be publicly read at two usual monthly meetings of tlu; Society to be held next before such genoral meeting; and no such alteration or repeal shall be made, unless with the concurrence of three-fouiths of the Shareholders pr(.'sent at such meeting, or such 20 alteration or repeal may be made by a Committee appointed by said .Shareholders pursuant to 12 Vie. chap. 42, sec. 7. XXXIX. Oonstruction of the Bules. In the construction of these rules, and all the by-laws made by virtue tliercol", the term "Shareholder," shall extend either to one person,- or lo several persons liolding a share or shares jointly ; and " Mortagor," to one or more persons having received an advance of money and giving security as before mentioned. A word in the singular number shall be applicable also to the plural, and vice versa — the term " he" or "him" applied to a Shareholder, shall extend to a female as well as a male, or to several persons holding one or more shares jointly, — the word "month" or " monthly" shall be considered to relate to a calendar, and not to a lunar month — wlienever any officers of the Society are mentioned, the term " officers" shall include the Trustees, Directors, Bankers, Solicitor, Surveyors, Auditors, Agents, Secretary and Treasurer, and his assistants. The word " Board " shall mean the Board of Directors of the Society and shall be the same body described as a "Committee" in 12 Vic, chap. 42 sec. 10. XL. Explanation of the Tables hereunto annexed. Table I refers to shares bearing interest at six per cent, per annum. Table II refers to shares bearing interest at live per cent. The first column in each table contains the number of months and years during which the subscriptions are paid, according to the I'ate of interest. The second column (A) in each table shows the progressive in- crease of subscriptions per month at compound interest, — in other Avords, the amount a subscriber is entitled to claim on the first of every month on account of jtrevious snhscriptions, of course exclnxlrr of the subscriptions due on that day. The third column (B) in each tiil>le contains the advance that subscribei;^ are entitled to receive for each share on account of subsequent subscriptions ; consequently what would be advanced to a member taking additional shares, or to a new member, if the advance be granted when the subscription commences. 'J'he fourth column (C) in each table contains the total amount of the second and third, and therefore shows at any time what sum is an exact equivalent for the subscriptions on one share for 30 the outivo iniriod ; and shows the valiu; of "Paid up shaiikh" at any pci-iod of the Society's tUiration. XLl. Members to be Bound by these Bules. livory ninmbor on admission to the Society, shall under a ii'ie of one dollar purchase from the Secretary a copy of these rules, and every member, both present and future, shall be^ bound by an«l subject to everything herein contained. And although the intent and moaning of the same, or any part of them, may not be fully sot forth, or may be omitted in any mortgage or other security that a member shall have executed to the Society, the same shall bo l»iniling as fully as tho' no such the property comprised in the s«me> in the person or persons*, for the time being, entitled to the equity of redemjjt'on thereof. And we do hereby request, that an entry of such payment and satisfaction may be made in the margin of the said registrar book, opposite to where sucli deed is registered. As witness our hands and seals this day of A. D. 18 r.. 8." L. 8. U 8. L. 8. Acknowledged before a Justice of the Peace. fAs occasion liiag require the above form thill he altered.) I'orm of Mortgage^ 'jfHiS iNOBNtURB made the day of in the year of oUr Lord One Thousand Eight Hundred ahd Eighty Between of the one part, and »I1 of Halifax aforesaid, Trustees of the * Nova Scotia Permanent Benefit Build- ing Society and Savings' Fund," established under the rules thereof pursuant to Statute^ of the other part Whereas the said who is a member of the said Society, and holder of shares, therein numbered upon which interest is payable at the rate of per centum per annum, l»a agreed to pay to the said Society a bonus or premium, according to the rules of the said Society, for the privilege of receiving the full amount of said shares prior to the same being realiied, which entitled to do upon executirtg such mortgage security as is hereinafter contained. And the sulu 80 advanced amounts to and the interest chargeable thereon is dollars per centum per annum. TT 34 i' I ; i I ;» , ,.> 1 ;N"ow this Indextuue WITNE8SET1I, tliivt ill coiiaidoratiou of the sum of to the anid now advanced and paid by the said Trustees, parties hereto of the second part, out of tlio funds of the said Society the receipt of ■whicli said sum in full satisfaction and dischar;,'e of said shares in the said Society, the said do liereby acknowledge, and from the same do release and discliarge the said Trustees and the said Society and the funds thereof forever by these presents the said doth grant bargain sell assign enfeof transfer release set over and contirm unto the said Trustees as aforesaid and their heirs and assigns and their successors in oitico, All that togetlier with all and singular tlie houses, outhouses, })uildings ways easements prohts commodities hereditaments aiul appurten- ances whatsoever to the same belonging or in any wise appertaining, and the reversion and reversions remainder and remainders rents issue and pnjtits thereof and of every part thereof, and also all the estate right title interest claim property and demand of the said of in to or out of tlio same and every part thereof. To Have and to Hold the said lot piece or parcel of land above described and every part thereof with the appurtenances to the sole and only use benefit and behoof of them the said their heirs and assigns and successors in office forever SUBJECT, nevertheless, to the provisoes and agreements hereinafter contained that is to say provided always nevertheless and it is hereby declared and agreed by and between the said parties to these presents that if the said executors administrators or assigns shall from time to time and at all times pay all the subscription moneys tines interest insurance premiums and other payments v liich shall become due according to the rules and regulations for tlii- .me being of the said Society in respect of the said shares and siiall from time to time observe perform and keep all the present .-r any new or amended rules and rc'jnlations of the said Soclcti/ liercafter to he made and the covenants aiul agreements hereinafter on his or their part to be observed performed and kept and the conditions contained in a cortain Bond or obligation bearing even date herewith from the said party of tiie first part to the said Trustees, and shall not caufie or permit anything whatsoever to be done or committed, and shall not omit or neglect to do anything to the above described premises whereby the same are or may be injured or permanently depreciated in value ; then these presents and every article matter and thing herein contained and the estate hereby created granted and assured shall cease determine and be utterly null and void to all intents and purposes anything herein contained to the contrary thereof in 35 any manner notliwltlistanding ; but in case diifault sliall bo made in the payment of such sums of nioney us aforesaid or any of them or any part thereof respectivuly, or in case the said lioirs executors administrators or nssi^ms shall nej,'lect or refuse to ol)serve periorm and keep all or any of the nre.sentor any new or amended rules or regulations of the said 8 "ciety hereafter to bo made or the covenants hereinafter contained and the condi- tions contained in the said bond art to be observed performed and kept and the conditions contained in said Bond or obligation, or shall cause or peiniit anything Avhatsoever to be done or conunitted or shall omit or neglect to do anything to the property in said Indenture and these presents described whereby the san)e are or may beinji'red or permanently depreciated in va'ue or shall attempt to sell or dispose of or in any way part with the possession of the said hereinbefore (iewcribed property or any ot it or to remove the same or any part thereof out of the or sufl'er or permit the same to be seized or taken in execution without the consent of the mortgagee his executors administratois or assigns or successors in otfce to such sale lemoval or disposal tbei'eof lirst had and obtained in writing. TnKN, and in such case it shall and may be lawful for the mortgagees executors administrators or assigns or successors in office with or their servant or servants and with sucVi other assis- tant or assistants as may require at any time during the day to enter into and upon any lands and tenaments, houses and premises wheresoever and whatsoever where the said goods and chattels or any part thereof may be, and for such persons to break and force open any doors, locks, bars, bolts, fastenings, hinges, gates, fences, houses, buildings, enclosures and places for the purpose of taking possession of and removing the said lierein- l»efore described personal property : and upon from and after the taking ])ossession of such goods and chattels as aforesaid it shall and may be lawful and the mortgagee his executors, administrators, or assigns, or successors ia office and each or any of them are hereby authorized and empowered to sell the said hereinbefore descril)ed j)ersonal property or any part thereof at public auction or private sale as to them or any of them may seem meet: and from and out of the proceeds of such sale in the iirst place to pay and reiml)urse or themselves all such sum and sums of money as may then be due by the said mortgagor on said shares by virtue of these presents and all and eveiy the sum and sums of money which but for said mortgage security and indenture would according to the rules of the said [Society have hereinalter been payable by the mortgagor for subscriptions moneys lines and other payments and which sliall on such default neglect failure removal or sale become due and payable in atlvance and be considered in arrear together with all such costs charges expenses as may have bet>n incurred by the mortgagee executors, administrators or assigns or successors in ofhce in consequence of the default neglect or failure of the mortgagor his executors, administrators and assigns in the payment of the said sum of money with interest theron as above mcMitioned. or in conse- at the rate of dollars per centum p(!r annum lia" agreed to pay to the said Society a bonus or l)remiuni according to the vules of the said Society for the privilege of receiving the full amount of said shares ^rior to the same being 40 ^ealize(^^ which entitled to do upon executing such mortgage security as is hereinalter contained. And the sum so advanced amounts to and the intc'est chargeable thereon is dollars per centum per annum. Now THIS Indeniure witnessf;th, that in consideration of the sum oi" to the said mortgagor now advanced and paid by the- said mortgagees parties hereto of the second part, out of the funda of the said Society the receipt of which said sum in full satisfaction and discharge of said shares in the said Society;, the said mortgagor do hereby acknowledge, and from thesaiae do release and discharge the said mortgagees and the said Society and the funds thereof forever by these presents the said m,ortgigor do bargain sell assign transfer set over and confirm unto the said mortgagees and theiv heirs and a^ssigns and their successors ii> office, All th(»e To Have and to Hoid t . ame and every part thereof to the sole and only use benefit and beiioof of them the said mortgagees their executors administrators and assigns for ever and their sitccessors in office, provided that if the said mortgagor executors administrators or assigns shall from time to time and at all times pay all the subscription moneys fines interest and other pay- ments which shall become due according to the rules and regulations for the time being of the said Society in respect of the said Shares and shall also from time to time observe perform and keep all the presc-'nt or any new or amended rules and regulations of the said Society hereafter to be made and the covenants and agreements; hereinafter on his and their past to be observed performed and kept and the conditions contained in a certiiin Bond or obligation bearing even date herewith from the said mortgagor to the said mortgagees then these presents and every article matter and thing herein contained shall cease determine and be utterly null and void but in case default shall be made in the payment of such sums of mon.ey as aforesaid or any of them or any part thereof respectively, or in case the said mortgagor ' heirs executors administrators or assigns shall neglect or refuse to. observe perform and keep all or any of the present or any new or amended rules or regulations of the said Society hereafter to be made or the covenants hereinafter contained and the conditions cimtained in the said Bond or any of the herein mentioned provisoes ; then and in such case and immediately thereupon a\) and every the sum and sums of money which but for these presents would according to the rules of the said Society have thereafter been pay- able by the said mortgagor for subscription moneys fines and other payments shall bect)me due and payable to the said Society in advance aud shall be considtred to be then in arrear and payable. And the said mortgagees or their successors in office shall thereupon or at any time thereafter have p-'wer to sell either at private sale or public, auction said shares stock and property hereby conveyed or any part thereof for the most money that can be gotten tlierefor and out of the proceeds in tlu; first place pay all the cosks and charges by them incurred in and about said sale and in the next place shall reimburse and retain to themselves all said moneys so due, in arrears and payable by said mortgagor to said Society on account ^Rl a 41 of said shares as far as ihe same will go. and the balance if any shall jDay to said mortgagor his executors administrators or assigns. And the said mortgagor doth hereby Authorize and Empower the said mortgagees and their successors in office for the purpose of fully eftecting said sale for him the said mortgagor and in his name or otherwise to sign seal and deliver all and every receipt release transfer deed or other instrument whatever, to take adopt and use all necces- sary steps and proceedings at law or otherwise for the sale of said shares and the realizing therefrom the moneys so due and in arrear. And the said mortgagor executore and administrators covenant with the said tiustees their heirs assigns and successors in ottice that the said mortgagor executors administrators or assigns will pay or cause to be paid unto the said trustees their assigns or successors in office, the several sums of money which under or by virtue of the said rules and regulations of the said bociety shall henceforth become due and payable in respect of said shares at the respective times and in manner prescribed by such rules and regulations and also all taxes rates charges expenses assessnients imposed or to be impased on the said shares and property so hereby assigned. In Witness Whereof the parties to these presents have hereunto set their hands and seals the day and year first above written. r- Signed,. Sealed, and Delivered ) in prefjenoe of / Form of Award. We the major part of the arbitrators duly appointed by the Directors of the Nova Scotia Permanent Benefit Building Society and Savings' Fund do hereby award and order that [specifying the nature of the award.) I Dated thi* day of A. D. la I I m 43 < Q TABLE T. SIX PERJJ^ENT. TABLE. Advances- First, Second and Third Years. DATE. 1st Month 2 3 4 5 6 7 8 9 10 11 12 •< (( (( (( (( << Ist Month , 2 3 4 5 6 / 8 9 10 11 12 i 7 << (( (( <( (( On account of On account of past future TOTAL. 5 subsLTiption. subscription. A. S C ^ « c t c $ c 00 240 00 240 00 1 9 4J 40 238 80 241 20 2 4 82 237 58 242 40 3 25 236 37 243 62 4 9 68 235 15 244 83 5 12 13 233 92 246 05 G 14 58 232 70 247 28 7 17 07 231 4: 248 52 8 19 55 230 22 249 77 9 22 05 228 97 251 02 10 24 55 227 72 252 27 11 27 08 226 45 253 53 12 20 62 225 18 254 80 • • 32 17 223 90 256 07 •• 34 73 222 62 257 35 •• 37 30 221 33 25e 63 •• 39 88 220 05 259 93 • 42 48 218 75 261 23 • • 45 10 217 43 262 53 47 72 216 13 263 85 • ■ 50 37 214 80 265 17 • 53 02 213 46 266 48 • • 55 68 212 14 267 82 • 58 35 210 80 269 15 13 14 15 16 17 18 19 20 21 22 23 24 ! 1st Month. a: < o CO 2 u 3 (( 4 (( 5 (( 6 <( 7 (( 8 n 9 (( 10 (( 11 (( 12 <( . 61 05 209 45 270 50 . 63 75 208 10 271 81 . 9 132 135 139 142 14=) 148 151 154 157 161 164 85 90 97 03 13 25 37 52 67 83 03 23 175 03 304 173 52 306 171 98 307 170 47 309 168 92 311 167 35 312 165 80 314 164 22 315 162 63 317 161 05 318 159 44 320 157 84 322 88 42 95 50 05 60 17 74 30 88 47 07 167 45 156 23 323 68 170 70 154 60 325 30 173 95 152 98 326 94 177 22 151 35 328 57 180 50 149 72 330 2-2 183 80 148 07 331 87 187 12 146 40 333 52 190 45 144 73 335 18 193 82 143 05 336 87 197 I 18 141 37 338 55 200 ' 57 139 67 340 24 203 , 97 137 97 341 94 On aoa ount of n futiiru TOTAL. JS subsiription. 1 S O s « C 1 ~" c 192 76 287 18 37 191 34 288 62 38 189 90 290 07 39 188 43 291 52 40 186 98 292 96 41 185 52 294 44 42 184 03 295 90 43 182 56 297 38 44 181 07 298 87 45 179 58 300 36 46 178 08 301 86 47 176 55 303 37 1 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 dQ 67 68 69 70 71 72 45 '-_ 9* StX PER CENT, tASLE. Advanceg-Seventh. Bighth and iTinth YeaM, DATE. n- 1st Month 2 3 4 5 6 7 8 9 10 11 12 << ^ 6 363 32 58 30 421 e 7 " 367 53 56 20 423 O 8 371 77 54 08 425 ^1 9 376 03 51 95 427 10 380 32 49 80 430 11 " . 384 62 47 65 432 12 " . 388 1 93 45 50 434 c 23 30 37 43 52 62 73 85 98 12 27 43 12 16 40 463 52 75 14 OS 465 83 42 11 73 468 15 10 9 40 470 50 80 7 07 472 87 49 4 75 475 24 23 2 39 477 62 00 00 480 00 109 110 111 112 113 114 115 116 117 118 119 120 393 27 43 33 436 60 397 63 41 lo 438 78 402 02 38 9^ 440 97 406 42 36 75 443 17 410 85 34 53 445 38 415 32 32 30 447 62 419 78 £0 07 449 %b 424 28 27 82 452 10 428 80 25 57 454 37 433 •35 23 28 456 63 437 92 21 00 458 92 442 50 18 70 461 20 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 i h' I lahle of Discount on Subscriptions Paid in Advance. (six per cent shares.) Number of SubscriptioiH aUvancu. paid ill $ C 1 ^ $ t i B ' • e 20 -.f ■■. 27 $ 35 % / 43 :it; 53 u G3 ' la 77 ■~^ 4» TAl;i,K 11. Fin: rii: ( i:.\j. rtiiLUs. Advances First, Second and Third Years. jjATi:. f Ist Month 2 ■' :\ 4 (i s «( 10 II • Ml ui'Cddi.t (' l.iisl liltbs. liplii.Tl. 4 () s 10 IJ 11 k; IS ■JO • )•> (' 00 01 O'J 04 OS V2 17 2:\ 30 :^7 40 On ill iMuiit iif iMliiri' -subs i'i|itiiiii. V •240 •2: S2 7s 7;{ ■|'i iTA 1.. 8 24) 24 1 212 2i:{ 244 24r) •2M\ 247 24S 24!) 2.10 2r)l (' 00 I 00 01 ( :{ 0.") 08 II 1.-) ID 2:j 28 1 ^ (( 7 8 !) 10 II 12 1st Month .... 24 <;,") 227 (is 2.")2 •.v.\ 13 .) >• 2(1 77 220 02 2.^).-} ;{'.) 14 :] 2.S SS 2-.'.l .->7 2.-.4 4.-) l.> 4 •A\ 02 224 no 2."),-) r>2 m % .^> ' • ,s:j i:. 22:{ 4.'! 2.")() oS 17 « 1 " •••• :i7 4;-) 221 28 2:)S 7M 11* c 8 " :v.i (>2 220 20 2.")i» 82 2;) i\ " 41 78 21'.) 12 2(iO 90 21 lit 4:! IK) 21 S 02 201 !)S 22 II 4(1 ll> 2 Hi 02 2(i:{ OS 2,1 U2 4S .'{7 21,-) 82 204 10 24 Is t M(.utk o 8 4 b: < <) t; 'r» ■ 7 9 8 cc 10 11 as no r.2 r>\) 01 04 (H) ()S 70 7.'{ 7") ,■>(■> so 02 27 ."lO 70 o:{ so 88 18 r>o 21i 72 2i:$ 00 2 1 2 r.o 211 'M 210 2') 20'.) 12 207 08 200 8.^) 20a 72 204 r^i 203 42 202 25 2(r) 'JOO ^07 2(1S 20!) 270 ■ )-.) 27,-5 274 27.". 270 28 40 :)-2 04 7'* 8S 01 1.1 .so 45 00 26 27 2S 20 •:,(} :\] :!2 ;!5 aft .00 ini: ri:i! < i:\t. t miles. Advances Fourth, Fifth and Sixth Years. HATi;. Ist Mcnth <> • > s !) 10 II VI < III in'cimiil (if past sviliSLii|jti(ji:. >S(I .s-J S4 N7 so ill !M O'.l 01 04 (• ■Si' 1". no S") '22 ',S 07 :!."•. 17 .-)S 01 (Ml ;u'i iiiiiit if liitiiri' sub.!>i:iii)ti')ii. '20 \ 1!!0 I'.KS 107 I'.iC. ni.-) 104 in-j i:ti i'.;o ISO (• 10 [VA 75 ns 40 22 o;{ .So (ir> 4:{ 2S (2 •n.TAi,. s 278 280 281 282 28:$ 284 280 287 288 280 200 202 (■ 02 08 2.") ■i'.i (12 80 (10 20 40 00 81 o;{ 37 .'^8 .•!0 40 41 42 ■r.\ 44 4(; 47 48 li-t Month .; I y ! t ^ 1 '10 II 12 10(5 lo^s 111 ii:; iii; lis i-_i I2;{ I'M) 12.S I. SI i:;4 01 ;{S 8") WW 83 ;i,s 8r> ;{7 00 45 00 18(5 1S5 isi is;i isi 18(1 170 178 171) 17.-. 17t 78 57 WW 10 .S7 (12 .•<7 12 S7 CO 05 2ii;{ 25 49 2!H 48 50 2! 15 71 51 ■"Ki ')"i -,•) 2! 18 •20 :.;? 200 45 54 :i(!0 70 5;i :!0l 07 .-6 ;i03 24 57 .•!04 50 58 .•{05 77 50 .'{07 05 CO ■Ji '1^ Ist M.-iith •> .1 W 4 5 / , N 10 II 1.) '. \•:x^ i:{o 141 144 1 1(> 14'.) 152 154 157 ICO IC2 1 05 50 15 73 .33 05 57 20 83 50 15 83 52 171 170 ICO 1C7 Ilii) 1(15 103 1C2 KH 1.50 1.58 l.'-.7 1 1 47 17 87 hh 25 03 (;2 28 07 02 28 .-{' 8 ;;oo 310 312 313 314 3IC .117 .-il.s .3-JO .321 322 3:1 02 00 20 50 82 13 45 78 12 45 SO 01 02 03 (■4 (i5 CO C7 08 CO 70 71 72 51 I'll i: rEii (i:yT. tahlics. Advances- Seventh, Eighth and Ninth Years. * DATE. 1st o o o 4 a < 8 (I 10 II 12 Month Oil ill'CoUll .■,iiti>i I'ipii t of ids 170 I7:i ITf. I7!» 181 1S4 187 1'li(ltiiill. 1;") l.Vt !:>i ir.o N! 14, I4(i 144 ii:? 142 140 (■ r>7 .'..'5 i;{ 7;i ir TUl'A • C c ft, (• *-. ;i24 IT) ."2.") ,")0 :{2() 87 ;{28 21! ;{2!t (>() s.so IKS :>:i2 :<7 S.'i'i ,•' S.'!.") 1.-^ :5.S() ")') ■S.S7 <)ii XVJ :{s 73 74 75 76 78 71> Si» 81 82 83 84 u I 00 I 1st ^lontli 2 " .1 4 5 " C. i 8 !l 10 11 12 201 48 i;;!t :!2 204 X\ I. ST itO 207 20 VM\ ■17 210 07 I :i.-) (IH 2 1 2 !•.". !:!;{ oo 21.") i^-r* i:i2 1") 218 /•> 1 :!0 70 22 1 CmS 12!t 2:{ 224 1)0 127 78 227 a") 120 :)o 2:iO .")() 124 8;; 2;i;i 17 1 2:1 .'>;") ;m() :m2 :$4;i .SI") :{4() ,S18 .Sl'.l S,"0 .sr)2 \\-)'.\ 80 2;! 07 10 ;".") 00 ■1.") Ol .ss 8.") .s:i 82 8.'> s? S,S 80 !»0 Irl 02 03 '.'4 O.-) e l^t Month .) " 3 4 .") " (i 8 !» 10 II 12 'yM\ 2:ui 242 2-1.") 2(8 2.- 1 2.-4 2.i7 2(;o 2()3 2C.() 270 4.") 45 1,") ■17 .'•.0 ").") 0(1 121 l-.'O 1 !8 117 li:> II 1 ('.7 Ml 7") Id'.t 8.") 1(8 '.If) IOC) 18 1 0." Sf) ;{."» 8.') .S:. 83 .SO 78 2.-) 7" la f)0 01 :i."8 .•'01 .s(;2 :wA ;;f..") ,".(•.7 ;l(;s ::7o ;!72 :;73 •SO ,MI HI.' 82 ;!s ,s.'> 02 !.") (M) ,">') !2 '.'7 '.IS litO 101 !i'2 1(3 Ii4 |i'5 10(1 !07 10s 62 Fivi: run cr:\i. tables. Advances-Tenth, Eleventh and Twelfth Years. DATE, w O 1st Month 'J " 3 4 / 8 1) M) I U 112 On ;ucount of siilis rif.tion. •J7t; 'J7!» 'J.S-J 285 28'.) 21)2 2'.!.') 2'JS .S(i2 .SO.-) .■]()8 r.2 08 88 «8 2S 1 1 i 2 28 • HMU't'dUIlt of ' flUuiu siilisori|itiuii. loa 101 100 !I8 •.*7 !);") o:) 02 W 80 87 8") ( 1st Month .'Ml S.o 84 10 2 " ,sir. 17 82 4:{ .S :U8 48 80 1 1 c: •1 .S2I 82 70 III a; f) M2.-. 1(> 1 i 42 > C. .'{28 .'').'{ 7") 74 ^ 1 '" %i lirsi 00 74 {•a •^ 8 " 3:^-) 'M .'i") ••« :?;{8 70 70 ().") 10 .'M2 12 (18 O.'i 1 11 :m.-. .'■)."> (i7 2:5 ( 1" " ;mo (X) (Jo .'50 (• 1st Month •Arr2 1 47 Cu\ / i 2 *' .'}.-..-, 0.^) (;2 02 :{ :2 r^ :{()(; 47 T^^\ i'. (■> ;!7o .•57:5 00 f;r. 0() 18 |i 8 •'{77 12 rA 40 .'{80 1 70 40 (iO 1 10 .'{SI 1 28 47 , 82 111 .187 ! 0) 4(5 1 CO I 12 301 ' ;)2 44 ■ 20 4i(; 1 24 , 417 07 410 70 421 4.-) 42:5 20 42 1 0(5 42^ -I 1st M 4 5 I s i i> ! 10 I 11 I 12 ntit On arctmnt of On account of pivst future TOTAI^ 43 subsi;ripticin subsLTiptioii, a o A. k.^ :^ !? ■ (■ . <: 3!).-) 17 42 30 437 53 145 3'.)8 vS2 40 55 43U : 37 14« 402 48 38 72 441 20 147 4(r, j 17 3(i 88 443 (5 148 4M) 87 35 03 444 90 143 413 i 58 33 18 440 7() 151) 417 ; 32 31 32 448 04 151 421 07 29 45 450 52 152 424 : 83 27 57 452 40 153 42S : (;2 25 ()() 45)4 28 154 432 40 23 : 78 45() 18 155 ■i:u> 22 21 8<) 1 458 (J8 155 l.st M..1 1 O " 3 ei 4 -i 5 G 7 " H 8 '■l' » 10 11 112 nth 440 03 443 88 447 73 451 02 455 50 459 40 4(13 33 407 27 471 •>•> 475 20 479 IS 480 00 19 97 18 04 10 12 14 10 12 23 10 28 8 32 35 4 38 39 39 400 (K) 401 92 4(i3 85 405 78 407 73 409 (>8 471 C5 473 02 475 00 477 59 479 57 •180 00 157 158 159 109 101 l()-2 103 104 105 lOS 107 168 54 Tabic of Discount on Suhiicriptioni^ paid in advuM*, (five peu cent .siiAiira.) DTvmber of fSubsrriptions paid in advance. 1 2 3 t t t i to 11: ti .'i. 4. T). (i. t • M. !>. 10. 11. I-.'. i:v 1!. 1.'.. 11). 17. is. hi. 'Jv>. I) ) •2-1. •Jli. • >- 'JS. 2.K 'Mi. ',i\. ;{.•-). ;{(•.. :'.:. ;•,!». 40. 41. 4-J. IN ID EX. I'"(irin;Uii)ii ami Olijt'cts of tlif Snciety .Sii,iri;.<, Siil)si.'ri}>tiiins, N'odr ami Time of l'ayim*nt, iScc Power to eliiin^i! Six jjtT cont to Viw j)er edit . . , I'owLT to hoiTo.v iiiiil recL'ivi; Mont.'y on Ihiposit Mode of ohlaiiiiii',' an Ailvauco of Money Shoit L(>;ins Siiiiiily for Money Adv.-iiieed l'o\v»'r to Sill i;\(;lia",L,'(' or Kedeein I'roperty on Mortgage.. I'lirciiase and Sale of I'roperty lloi'i'ow in:,' McmhIkts 1 nsuianee of I'reini.se.s l!et,'i.'stvT of Shareholders .loint ( )\vni'r.-; of Siiares .M inors Ix'conuiiL,' Mend^ers Transfer of .Shares Siiaieholder.s \S itlidrawing Sliiireholders heeoniin;,' [..iniatie ami In.'sane heath of Siiareholder.-i ( 'ontingeiit i'nnd I'aynient of i-'inci .Arrear.s Inrerruiitioii at Mceting.s .Mode of Voting , 1 >i,-[;osal of .-^tirpius Fnnd.s 'i'rustee.i , r> s 10 10 10 II V2 \-2 ]-2 \'I \:i .14 l.'> k; . 17 .17 .17 .18 Dnvetor.s •_'! l're>idi'nt and \'iee-l'iesideiit "J'i Hankers -J."} Solie'itor • ■ ■ ' 'J.'.\ Siii-vi yor '2i Seeri't.uv ;nid Trea-uier •_'."> Seem ity I'V ( )tiieer.-i •_',"> Auditors 'Ji> Annii.al eeting '..'i'. Agents 'JfJ < hanu'e of Oliieei-ii ;;7 ll'ferenee o( { .'i^nntes to .Arbitration ■.,7 Ten) una' ion of Meinli'i'.shii) 'JH New Ituh's .ami ,\!ter;ition.s of itide.s lVS ( oiistrnel ion of thi' Iluh's tj'.> {•!x|ilanalioi! of Tables hereto ann.;xed :.''.» M"'nd>ers to ip- h mnd hy these llules :;0 Contiini.iti :ii of Present Otlleei'^^ UO .Schedule of l'"oriiis :, 1 Six per cent. Tahhs, iTalii.^ 1 ) -1." 'J'al»le of |)i.scouiit on ."^idjsei'iittioni paid, in advanee, i(') [leroenn. 17 ■(■) Five jier eent Tallies, (Tah f '_'). Table of Di.sc(junt on .'■■nli.^enptions paid in advance, {o perOvinthri't ( #1 ( (