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The copy filmad h«r« hu b««n raproducad thanks 
 to tha ganarosity of; 
 
 Harold Campbell Vaughan Memorial Library 
 Acadia University. 
 
 Tha imagas appaaring hara ara tha bast quality 
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 Tha laat racordad frama on aaeh mieroficha 
 shall contain tha symbol — ^'(maaning "CON- 
 TINUED"), or tha symbol ▼ (maaning "END"), 
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 L'axamplaira filmA fut raproduit gricm i la 
 gAn^rosit* da: 
 
 Harold Campbell Vaughan Memorial Library 
 Acadia University. 
 
 Laa imagaa suivantaa ont AtA raproduitas avac la 
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 Un daa symbolaa suivanta apparaitra sur la 
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 caa: la symbols -*• signifia "A SUIVRE ', la 
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 d'Imagas n^cassaira. Las diagrammas suivants 
 iliuktrant la m^thoda. 
 
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She Co-o^jcvatiuc J^ocictij, 
 
 LONDONDERRY, 
 
 LIMITED.) 
 
 GENERAL RULES. 
 
 CHAPTER I. 
 
 -INTERPRETATION AND GENERAL 
 QUALIFICATION. 
 
 I. laterprelat'um.—ln the construction of those Rules 
 including this rule, the following woids and expressions 
 shall have respectively the meanings following, unless the 
 subject matter or context are inconsistent therewith: — 
 
 (1) Words importing the singular or plural number shall 
 respectively include the plural and singular numbers ; words 
 importing the masculine gender only shall include the 
 teminine gender. 
 
 (2) " The Act " shall meaii the Nova Scotia Joint Stock 
 Companies' Act. 
 
 (3) "The Board of Directors" .shall mean the directing 
 body of a society or companv. 
 
 (4) " Lands" shall include tenements and hereditaments 
 (")) " He," "him," and "person^' shall include a companv 
 
 or society. 
 
 (6) '• Nominal capital " ;;hall mean the amount of tli- 
 shares allotted for the time being, including any which may 
 have been purchased on account of the society. 
 
 (7) "Tlu; society" .shall mean the .society nauud in th.^ 
 letters patent 
 
 (8) A direction given by the society shall mean a dire. - 
 tion given by any of the rules of the society, or by any lule 
 ot the society made sub-scquently ; and the words - subj^.^r 
 
 3 0'/ 3^ 
 
2 PLACE OF KUSIN'KSS -MKMRERSHIP. 
 
 thereto" following any such .lirection, shall uu.u. ^' m|l|;s^-l^ 
 a rulo is .na<le, an.l so far as no s.u-h vuU' .hnvts otherw.sr. 
 
 •2. Qaali1ication.-V:.ery rule herein ^-l^^^Yif'T!t\lil- 
 
 adoptea^.y the society in so far only as is consistent wUh 
 such qualilication. 
 
 CHAPTER II.- NAMES, OBJECTS, AND PLACE 
 
 OF BUSINESS. 
 
 3 Navie, Ofrds, and Powers of the Societ!/-The name 
 and ob^:"s ^f ti!e society shall he those stated .n the le 
 I . t The society shall have full powers to do all tlun^s 
 
 deal with any building thereon. 
 
 4. Registered Office.-The registered ^^^^ «^/['f ^^^^,f,^;. 
 shall V,e at Acadia Mines, Londonderry, in the Countj ot 
 
 Colchester. 
 
 CHAPTER III.- MEMBERSHIP. 
 Sec. 1 - Members. 
 
 5. Who are Me>nh.rs.-The society shall c^-;;;;^;^ j^^ 
 shareholders nan>od in the letters patent, and all such otlur 
 Arsons as the uiles direct, or the directors may adnut. 
 
 6 Shares to be held h,, J/.»,6er.-.-Sul.ject to the provi- 
 sions of he Act, Nova Scotia Joint Stock Companies Act, 
 :aX individual 'shall hold at least one trnnsferable share. 
 
 7. Payment on AppUration.-Ereryver^^^ shall pa^ on 
 applying for admission, 2D cents, tor which he shall leceuf 
 a cojiy of the rules. 
 
 indivKlull ,„ay l.« „u..,le oitl.ev in tl,» f"'™ -' ^X' 
 these Rules, o: hj u.akln, sucl, r'^-T^^^^^^Z^ 
 nil aiiplicatioii loi- iiumissioU; and tile b.giiature oi * y 
 
MKMHP.HSHM' 
 
 3 
 
 I 
 
 I 
 
 for a copy of the rules in the form contained in tho said 
 1 uU's, either l.y the applicant oi' on his liehalf. 
 
 0. Hoio Ap/>Ii<;i(ion,i xludl bt dmll loith. — Every applica- 
 tion tor a'lnii>sion shall I.e consideiTil l,\ tlie directors at 
 their first nieijtin-,' after it is made, or so soon thereafter as 
 it is practicaMe ; and if it is aj.proved, the name of the 
 applicmt fhall l)e entered on the list of members and the 
 re^'i.ster of shares hereinafter tnentioned, for the number of 
 shares recpiired to be held l.y tlit; rules, or any ]ar<,'er num- 
 ber applieil for and allowed to bt; held thereby, upon such 
 ajtproval and such conlifuiation tliereof, if any, as the society 
 may direct. 
 
 10. Notice of Refusal or Adi/iission. — Notice of the re- 
 fusal of an application, or of the entry of the name of any 
 applicant on the list of members, signed by the secretary, 
 sliall^ be sent to the api.licant, at the address mentioned on 
 the form of application or receipt, within one week after 
 such refusal or entry is made. 
 
 11. liepayment of the Eatrance Fee. — The sum paid on 
 an ap|)lication for admis.sion shall be repaid on demand to 
 the person by whom or on who.se behalf it was or puiports 
 to have been paid, within one calendar month after the dat'> 
 of the said notice in the cases followin" : — 
 
 (1) If the application is refused ; 
 
 (2) If it is not granted within three calendar 
 months after the application. 
 
 (3) If it is based on a payment made on behalf of 
 any person without his authoriiy. 
 
 12. How For))is to be referred to. — The forms used on an 
 application shall be numbered, and tiled in the otHce of the 
 society, and referred to in the list of members. 
 
 13. Adinisifion of Married Women. — A married woman 
 may be admitted a membei of the society, and may hold 
 and deal with any shaie and other interest in the society, 
 as if she were unmarried, as is provided in the ^Married 
 Women's Property Act, 1884. 
 
 H. Admission f Minors. — A minor not under the aye 
 of sixteen years may be admitted as a meml)er, and execute 
 
* CAI'lTAL. 
 
 all iiistiuiiicnts and </iM- all ac.|iiittances tiocfssarv to h.- 
 .'xecutcd or j^ivn under tli." r.drs, l.m uimv not ho a director, 
 trustcf, iiianiiurr or ticasiircr of tlic society. 
 
 lo ]V;//>,h-rnra/' „f M^uiherx a„d VurtUtl Ceasnlion of 
 Memln'rxh,i,.~\ iMTson. all of wlios.- shaivs liavo \u-vn 
 tnmstcrrcd, witlidniwn, repaid or forfeited under the lules. 
 .shall cease to l.e a niend.er, and no nienil.er may vote at anv 
 lucetm^r (,f the society, either ).er;sonally or l.y deputy, 
 
 (1) If lie holds less than the nuinher of shares re 
 quired to he taken upon ailniissioii : 
 
 (2) If he is in arrear of iiis suliscriptions. 
 
 Sec. 2 — List of Members. 
 
 1 G. Whrre to he kept awl Entries thereon.— T\w Diroctois 
 shall keep at the re-ristered oliice of the society, a list of the 
 names, occupations and address<>s of all n)ernl)ers, open at 
 all convenient times to the insp<>ction of the members ; and 
 each meudier shall ,i,dve notice of anv change alFectin.' him- 
 self, or be subject to a fine of 25 cents. No person whose 
 name does not appear on such list, other than a deputy, shall 
 have any right as a member of the society ; and the directors 
 shall cause to be erased therefrom the names of -dl .such 
 persons as cease to be members under the rules. 
 
 rhdn,s to he entere,] on, or removed from the List.- 
 
 17 
 
 A person who claims to be placed on or retained on or re- 
 moved from the list of members, shall appiv in thV tirst 
 instance to the directors for that i)uriK)se, aiid if refuse.!, 
 may api)eal to the next ordinary busines meeting held after 
 the receipt of notice of such refusal, which maf make such 
 Older on the matter as it thinks tit. 
 
 CHAPTER IV.— CAPITAL. 
 Sec. 1- Share Capital. 
 
 ly. Nominal Vahie.—The capital of the societv shall be 
 raised by shares of such nominal value, payable l)y such in- 
 stalments, at such intervals, with such tines, if any, in 
 default of payment as the society may direct, and subject 
 thereto by shares of the nominal value of live dollars, 
 
CAPITA! 
 
 payaM ' as fo all shan's rcr|iiirr(I to In- luld at tin- rafc of 
 "•0 cfMits prr ncrk, with a fine ot" L'.") i(>iits |,(.r (juartiT on 
 noli iiaviiifiit. 
 
 r.». /ii.-<ft//,iir),/s.- V.-.uh iiistaliiiciit shall \<i- payal.lr at, 
 such placf, and on such days, hctwc ii such hours,' and to 
 such jMT>oiis as the I )iicct()rs from time to time fix. 
 
 *_'(). I'ouyr tu I'aif it, Anflcipntion.- - A mciiihcr may pay 
 thf wholo n\- any part of any instalm<nt in anticipation of 
 thf pt-riod when it will hecom.' due, and (he Directors may 
 allow an-hiite of not cxccodin;; tlie inte of five per cvnt. per 
 annum u})on any such anticipated payment. 
 
 1' I. Cnsrf< of Disfrrsf. — Tlu^ Directors may remit any fine 
 incurred l>y non-payment of any instalment, if the noii-pay- 
 ment appears to them to have arisen fmm sickness, distress, 
 want of work, or any other sutHcient n'ason. of wliich a 
 written statement, signed hy the defaultini,' memher or some 
 p<'r.son claiming to act on Jiis hehalf, lias heen ,i,'iven to the 
 secretary at the time wlieii the payment ought to have been 
 made. 
 
 L'2. Application of Dividends w Pai/ vp ^7<r/7r.«.— Unless 
 the society directs otherwise, the dividends payable, 
 
 ( 1 ) Upon the yhare capital held by any member ; 
 
 (2) Upon any purchases made by "hin- ; 
 
 sliall not be paid to him until all shares which he is recjuireil 
 to hold are fully |)aid, but shall accumulate and be applierl 
 from time to time in payment of the sums due un such 
 shares. 
 
 2:J. AUotment of i<har''s.—"i:\iv Directors shall allot to all 
 members other than the shareholders mentioned in the letters 
 patent, upon their admission, or admission and approval, as 
 the case may be, such number of .shares, as they apply for, 
 and shall similarly allot from time to time,'the .s'har.-s 
 applied for by any mcml)er, or required to make the nomi- 
 nal value of his shares not less than the capital c.editea i:o 
 him, provided that the number of sliares so allotted does 
 not raise the total investment of any member to a sum ex- 
 ceeding one thousand dollars, or such lesser sum as the 
 society may diiect. 
 
I M'Hai.. 
 
 Sec. 2 - Enforcement of Debts to Society. 
 
 ■Jl. /,\rnr> 1-1/ nt' Sinii.-t 'liif n it' I ■ r l! It I ■'■<, It ihl For/rifarf'. iit 
 S/itii'.s. All -niHs (liif tiiiiii :in\ iiHiiil.rr, tur .>uiisrriiili(iiis 
 or (iliii'iwi-r, ^ll.ill I'f irrit\.'l:il>ir tl'iui liilii, Ills cxcutols 'il 
 lulmiiii.^ti.iK.rs, iis ;i ild.t .Uic to t\n- .Muirty. 'riu- sf.Tctui v 
 .-.liiill hiv iM't'oif ciu'li ui-.liiKirv l.n.'>iiifss nicftirii,' a r«-tui-ii «,f 
 all such sums, and tli<-i<'U|>()ii tin- iiirrtin!^ luay — 
 
 ([) i)ii-cct tlif r.Daid ct Dirrctors to taki; legal 
 proceodiui^s t'ur the H'c ivcry tlu-n-nt ; 
 
 (:i) If till' sum is due ill ifsjicct ot" a share, declare 
 such siiaie t'l he lort'eited in sueh eas s as the society 
 may direct and sulijecl th.'iv!o it' any i>aymeut thereon 
 lia> lie-n in arrear for three r deiidar months. 
 
 ■J,"). Elfrrt <(,ul Ii»;iiiisfiiou of FovJ titan' — U [.on a declara 
 tioii of toiU'iture of a share, all sums paid or credited theie 
 on shall hecoiiie the pioperty of the Miciety ; hut the 
 forleiture may he rcmittt'd if the sum due is jiaid within 
 one caleiiilar month from the date of a notice of forfeiture 
 which shall he sent in eaeh cas.' to the rei,Mstered addiess 
 of the membt'i- within one week after the declaration 1 1 
 forfeiture. 
 
 Sec. 3 — Loans and Deposits. 
 
 ■IC). Lo<ins oil th''. See iriti/ of' Aijr-^e)nf'ntf<. Jiowd^, <o- 
 Mort,(t/in ; to what (unuu/it, and lioM nutij h niade : 
 
 { 1 ) 'I'he directors may obtain advances of mom;y for 
 the |)Ui|ioses of the society from time to time from any 
 persou, whether a member of the ^ociety or not, upon 
 ihe security of bonds, or ai,'reeineiits, or of a mortgage 
 either legal or eiiuitalile of any properly thereof ; 
 
 {•2) The amount so obtaiiieil sliall not exceed one- 
 half of the nominal capital of the society witliout tht> 
 previt)us authority of the society. With such authority, 
 it may be any sum not eNceeding the amount so 
 authorized ; 
 
 (■'5) The Directors may make any such loan on such 
 terius as to the time and manner of repayment as it 
 thinks tit. 
 
r\riT\l, 
 
 
 I 
 
 (l) ''"Ik latf (if iiiti'r«--^t nurccil (.. Lc '/wiw oi; unv 
 siicli .■ulvanfR iii.iy K.- juiv rut'- in't csrccdiii'^' six i.fi' 
 rent. |cr anniiiii, or smli lii'^'h. r !;it'' as any sj.ccial 
 gt'in'iiil iiifcliii^ iiiav aiitii(iri/.i- ; 
 
 (•'/ Any lioial <ittlif s,,, icty iii:,\ ',„■ inadc a s|i((itif 
 tliaii,'"' ii|i()ii any lands of tin- society spt'cili.c! tlMTcii; 
 <.ir in any sclicdnic tin'i,-t(.. lUit a scjiaraf" rc','i-tcr 
 sliall I.I- kept of all sudi l.-rnds ; 
 
 (0) Aiiysiicli l.ond i isljaiv may Ik- issind. ui' ic-icc- 
 in» .t oi- niortL,'aLrc inadr. as a cMitiiiiiinLr sftMiritv to 
 covfT any sum not cxcccdini,' tlir linols aforcsnjd, dm- 
 or to ln'coinr dtir upon the aciount o!' tlic .society to 
 any [ifison witli wlmm it mav Imnk. 
 
 1*7. I'oir,,- /,, I!M','ive Dtjttfiit.-.. — 'I'hc Dircct(r,s may 
 K-ff'ivc from any iicrsons. whcllur nicndifrs oi' riof. on 
 deposit, \viiIidra\va])lo on sm-li iiMticc, licint,' not less tlian 
 two clear ('ays, as tliey ti.\ from time to time, any sums, 
 \vitliiii the total limit mentioneil in liulc •_'»;, not ex'ceodinij 
 .^1 in any one payment, nor >; 100 tor any one depositor : and 
 if the society has any witlidrawiMe capital, no payment 
 thereof sliali he made while any claim due on aeeount of aiv 
 such deposit is uiisatistied. 
 
 Sec. 4 - Investments 
 
 2^^. Porcfr ft, J„rext Sxr/n'tis ('<tj>'>t(,I. — The Diveetois 
 may invest any part of the capital of the society in adva>ices, 
 v.n the security of real or persona! property, iir.)vided that 
 no such investment he made in the shares of anv society or 
 company other than (.ne with limited lial.ility. and may niake 
 any such investment in the rej^dsteied iianiV of the soc:et\-. 
 
 Sec. 5 — Repayment of Capital. 
 
 -it. Jiej,<ii/)/u'itt Coiiipnl.-iori/ o/i Memiiir.^. — Suliject to the 
 p.iynient of, ,^r a sufficient provision for, all suhsi.stinu claims 
 on the society, the directors, with the approval^of any 
 general nieetin;,' may apply any moneys lor wiiicli theV 
 cannot lind j)rotital)le investment, in payment of— 
 
 (1) 'I'he shares of any member avIio l-.as houi,dit of 
 the society less than any amount ti.xed hy the ordin.ary 
 l»usines.s nicelinifs in any prescriljed time ; 
 
SHAfiES. 
 
 (2) '\\\" excess ot' sluices held hy those who hold tin' 
 hiritest nuinV)ev :d)ov^ those -ho hold tlie next lar;^'est : 
 jirovided that no ineuiliei- hf reijuircd to accept less tiiaii the 
 t'uU sum }):ii(l upon each share paid (.tr. and that the nundx'T' 
 of shares held hy any niend)er shall not he reduced below 
 the nundier re(|uired, hy the rules of the society, to lie held. 
 
 ;)0. lieixiiiini'idx on the licqucs' of Mciuhfirs. — Subject as 
 aforesaid, the directors may, in the case of any transfeiable 
 share leijuired to be held by a uieiidier desirous of with- 
 drawing from the society, on the application of the holder 
 of any such shaie, rej)ay any sum not exceeding the amount 
 then credited thereon ; and sliall repay tXw. whole sum so 
 ci'edited in any case wiiere they refuse to contirni the trans- 
 fer of any such share which is fidly paid u{). 
 
 31. iS/t((rfs Rt'pail to he Extiiujuished. — All such repay- 
 ments shall be made on the resolutions of the Directors, 
 which, with the receipts for tlu; money paid, shall be entered, 
 or referred to, on the registei's after-mentioned, designating 
 any transferable share by the numb'er to be given to it, and 
 thereupon t'ne .'^haves in respect of which such j)ayments are 
 made shall be extinguished. 
 
 32. Moiicijs lift w'dJi tJif ''^ocift^/ after Xotice of Ji''pn>/- 
 iiieiit.-~li' a member who has re^'eived notice that the 
 Dii'Cctors are prepared to pay him off, leaves the sum to lie 
 thus repaid in the hands of the society, he shall not be 
 entitled to any interest thereon after the expiiation of the 
 time nauied in the notice of i-epayinent. 
 
 CHAPTER v.— SlTAItES. 
 
 
 Section 1 Shares Generally, 
 
 W/ierc Tiiu) or morn Joint //'.;/(/';/'.s-.— Shares may be 
 held by two or more individuals jointly, either of whom may 
 i;ive a valid receipt for any interest or dividend payable 
 thereon ; and all notices relating to any sucli shares, given 
 to such one as they jointly direct, as in default ot any 
 direction, to the one whose name stands hrst in the books 
 of the society shall be sutlicientiv <'iven. 
 
HUARES. S) 
 
 •Vt. Limit to l)'-vi(hinJs. — Dividends sliall not l>t' calcn- 
 hitcd on or lor any fraction of five dollars, or of a calendar 
 mrntli. 
 
 35. Urn o/ S(>c!:'/i/on S7tn,',^.~T]a^ society sliall ha\o a 
 lion on tlie shares of any meinlier for any debt diie to it liy him 
 and inny set off any snin credited to the nieniher thereon in 
 ()!■ towards the payment of such debt. 
 
 Sec. 2 — Transferable Shares. 
 
 3(5. IIoK- /o 6r ,^,7o/^,/._All transferable; shares allotte>l 
 by the society shall be numbered continuously, and all such 
 as are not taken to be held by the members named in the 
 letters patent, shall be allotted to tl:o ori;;inal holders there- 
 of by the Directors in the order of the numbers ; and all 
 such as are taken to be so hold shall lie entered in the share 
 register after mentioned, under the names of such members, 
 in the alphabetical onlei', by the order of the numb(>rs, 
 beiiinniui; \\ith one. 
 
 37. *s7^fr/v' B,,jiKii'r. — The Directors shall keep a sliare 
 registei-, in which, under the nuud)er of eacli share, shall l)e 
 entered the name of tlie member to whom it was o)-iginallv 
 allotted, or under whose name it is entered : and if the share 
 is cancelled, as is hereinl cfore provided, the date of such 
 cancellini;. 
 
 3j<. .S7u<?v- Lcdycr. — The directors shall keep, as part of 
 the share legister, a letlger, containing, in .separate columns, 
 under the name of each member, the huuiIkts of the .shares 
 oiiginally allotted to, or entered in the name of, oi .subse- 
 (piently acquired by such member, with the dates of such 
 allotments, entries, and transfers icspectively.and a reference 
 to the pages containing the names of the transferors ; the 
 number of all shares transferred, with the date of such 
 transfers respectively; a refeivnce to the pages cntainin-; 
 the names of the transferees ; and such paiticulars of the 
 amounts paid u])on such sh;:res as the directois direct. 
 
 3<). Forma oj y'/voi.sA?'- Transfejs shall be in one of the 
 lorms hereinafter contained, or as near thcneto as the case 
 allows ; they shall be numbeied continuously, and sliall state 
 the nunilier of each share transferred ; and shall be executed 
 
10 
 
 SHARKS. 
 
 by the transferor and transferee, and kept in the office of 
 the society, and entered under tlieir nuniltcrs in a register of 
 transfers, with such other particulars as tlie committee direct ; 
 and the number of each transfer shall be entered in the share 
 ledger, under the name of the transferor and the transferee. 
 
 40. Regisiraiion of Transfers. — No transfer shall be re- 
 gistered, if made by a member indebted to the society, 
 without special order of the directors ; and until the transfer 
 of a share is registered no right shall be acquired against t\w 
 society by the transferee, nor shall any claim of the society 
 upon the transferor be affected. 
 
 41. To whom Transfers may he made. — Any share may be 
 transferred with the approval of the committee to any other 
 member at the option of the transferor ; but if the transferee 
 is not a member he must be approved of as a member by the 
 Directors, accordinu; to the ])rovisions of the rules relating 
 to the admission of members, before the transfer can be 
 registered ; and if the transferee is a woman known to be 
 married or about to be married, such consent or application 
 as is required by the rules upon her admission shall be re- 
 quisite before the transfer can be registered. 
 
 42. Fee on Transfers. — Upon the transfer of any share 
 there shall be paid a fee of ten cents. 
 
 43. Shares held in Trust. — No entry of any trust shall be 
 made upon the share register. 
 
 44. Sale oj Share.'< to Pay Debts. — The Directors may» 
 in default of payment by any member indebted to the 
 society in any manner contrary to its rules, to an amount 
 not less than three-fourths of the sum paid up for the time 
 being on any transferable share held by him, sell and 
 transfer in the books of the society such share to any ])erson 
 entitled to hold the same under the rules, for the best price 
 obtainable therefor, and apply the proceeds in or towards 
 the discharge of the debt so due and any expenses incurred 
 in or about the same, paying over tiie balance thereof (if any) 
 to the member, without being res])onsil)le for any loss 
 occasioned thereby. And any transfer so made shiill 
 extinguish all right of such member in the share so trans- 
 ferred, and shall opei ate as an original i.ssue thereof, subject 
 
SHARES. 
 
 11 
 
 to tlie credit to l)e yiven to the purchaser for all payments 
 previously made thereon. 
 
 4^). Limit to Amount Expended on Repojjinents.—The 
 amount expended in the repayment of any transferable 
 •shares shall not exceed any sum placed at the disposal of 
 the Directors for that purpose from time to time by the 
 general meetings of the society, and shall be regularly stated 
 in the accounts of the society. 
 
 46. Payments on Account oj ^/i«re8.— Payments made 
 on account of shares by a member who holds anv trans- 
 ferable share not fully paid shall be carried to the "account 
 thereof, and distributed equally among such shares, if more 
 than one. 
 
 Sec. 4— Transmission of Interest. 
 
 47. Nomination Book. — Any member not under the a^e 
 of sixteen years may, by a writing under his hand, delivered 
 at or sent to the registered office of the society, nominate 
 any person, not being an officer or servant of the society, 
 unless such officer or servant is the husband, wife, father^ 
 mother, child, brother, sister, nephew or niece of the 
 nominator, to whom his interest in the society, including 
 shares, loans, or deposits, shall be transferred at his decease'^ 
 provided that the total amount credited to him in the books 
 of the society does not exceed ,$500, and may from time to 
 time similarly revoke or vary such nomination; and the 
 committee shall k'-ep a book wherein the names of all per- 
 sons so nominate d shall be regularly entered, and shall cause 
 any nomination so revoked to be erased therein. 
 
 48. Notice of the lUyht to Nominate. —A notice of the right 
 of nomination shall be sent to every individual member who 
 has not exercised this right, with the report ot the tirst ordi- 
 nary business meeting in each year of which a report is 
 circulated among the n. nnbers, and shall be otherwise given, 
 as such meetings may direct. 
 
 49. Fee on Nomination or Revocation. — A member shall 
 pay a fee of ten cents for the entry of every nomination or 
 revocation, whether or not accompanied l)y a fresh nomina- 
 
 i 
 
12 
 
 SUARES. 
 
 tion, and one fee only sliiill be charged for tlie entry of ,(11 
 the names in any nomination or revocation jiaper, if more 
 than one. 
 
 .")0. Proceed in;/» 071 the Death of (i Member: 
 
 (1 ) Upon receiving satisfactory i»roof of the death of 
 a nominator, the coniniittee shall either transfer the 
 shares nominated in manner directed, or pay to every 
 person entitled the full value of .his interest, at their 
 option, unless the sliares if transferred to any such 
 nominee would raise his interest in the soeietv to an 
 amount exceeding ."iflO'JO, in which case they siiall pay 
 him the full value of sucli shares not exceeding the 
 sum aforesaid ; 
 
 (■J) If any mendier entitled to an interest in the 
 society not exceeding ."?-">00 dies intestate, and without 
 having made any such nomination as aforesaid, which 
 lemains unrevoked at his death, the Directors shall 
 transfer or pay sm'h interest, without htteis ot admin- 
 istration, to or among the persons who appear to a 
 majority of the Directors, ujion such evidence as t]i(>y 
 may deem satisfactoi'V, to be li'- law entitled to receive 
 the sanie ; 
 
 (3) Upon the death of any memljer who has an 
 interest in the society exceeding ^oQO, or transmitted by 
 his will, and a notice in writing given by his executor 
 or administrator to the st^cretary of the society, stating 
 the death of such member, and the Christian name, 
 surname, profession, or business of .such legal represen- 
 tative, and specifyinir tlie nature and amount of hi.s 
 interest or claim ; and the production, if the case 
 requires, of the probate of the will of, or lettt^rs of 
 administration to, such memb(r, and of such evidence 
 (if any) of his de.ith as may be re(iuired by them, 
 the Directors shall either transfer the shares, or 
 other interest of the member specitied in such notice, 
 in the books of the society to his legal I'epi'eseutative. 
 or shall pay to him the sum which repiesents the full 
 value tiiereof, and may make such transfer or paym(>nt 
 at their discretion, unless the transfer would increase the 
 
OOVERN'MKNT AM) ADMrSlSTR \r ION". 
 
 l;) 
 
 intcro.st of tijo transf. n . ,-ii, ;!,,. soc-ictv t<> iiiorr tli.iii 
 SlOnO, in wliich ruse tlicy slmil make tlic payiiifiit in 
 inuiicy. 
 
 •■)1. Ej-.tmction of T i-diisfi rahlr Shnri>i. -M -inv sliai-c sd 
 paid for is a trnns^f.-ral))*' sliar", an riiti y of the j. :i\ nioiit sluill 
 \v nia-h'oii till- n',<,'ist('i-of transfers, in niannor lici-ci?i!)cfoii« 
 )«rovi.I.-cl, on tlic repayment ot a tiansfeialilc sliare, an.l 
 thereupon sucli share shall l.e e\tini,Mnslie(l. 
 
 •rl. TranxtW ti) Mok>' M'uiihrr!<hij). Every iKiniince oi- 
 otht-r person to whom any share is tiansteired under this 
 y^'ction shall tli(>reliy hoconie a mendx'r of the .societv, if not 
 previously a niemher. 
 
 ^ r)3. Ildhtcrnpfcij of a Mewher. —Thv provin'mis of lUil. 
 r>0 Hs to the executor or administi atoi' of a deeea>ed menil.er 
 shall apply, with tlie reijuisite variations, to the trustee or 
 assiiijnee in bankruptcy of a bankrupt member. 
 
 ")!. Joijif /folders of -SAa/vw.— On the decease of a joint 
 holder of any share it shall be transferred into the nam.- of 
 the survivor on his applieatior. 
 
 CHAPTEIl VI._G0VERN3IENT AND ADMINiS 
 
 TRATIOX. 
 
 Sec. 1.— General Meetings. 
 
 55. Ordinari/ and Special Mfetiw/i^. — Meetings of the 
 members shall be either general, which include 1 1) o: (inarv 
 busine.ss meetings, (2) special general meetings : or monthlv, 
 
 50. Or dinar ijBnsiiu'ss Merti tigs. ~Tiw first ordinary busi 
 iiess meeting of the society after it is e.stablislied shall be 
 held at such a time as the Directors named in the Lf-tters 
 Patent h\, and the subsequent meetings in eacli ."rd, Gth, 
 *JtIi, and li'th month after the tirst meeting, on such davs 
 and hours as are tixed by the resolutions of any such meet- 
 ings from time to time, and so far as lui such resolution 
 extends by tlie Director.*. 
 
 o7. Montldij Meetingx. — Monthly meetings shall l)e held 
 as the oidinary business meetings direct : and shall have 
 oUch functions as is so directed, and .so f.ir as no such direc- 
 lions extends the followinii' functions : — 
 
 i 
 
14 
 
 GOVERNMENT AND ADMINISTRATION, 
 
 ( 1 ) To discuss the affairs of the society ; 
 
 (2) To explain the principles and rules of the society ; 
 
 (3) To make suggestions for the consideration of tho 
 Directors ; 
 
 (4) To recommend the namerj of persons suitable for 
 election as officers of the society ; 
 
 58. Functions of Ordmary Business Meetings. — The 
 functions of ordinary business meetings shall be : — 
 
 (1) To receive from the directors, auditors, or any 
 other officers of the society, reports upon the business 
 of the society during the period embraced therein and 
 the state of its affairs at the date thereof, which, except 
 any such meetings directs otherwise, shall be made to 
 every such meeting ; 
 
 (2) To elect the directors, auditors, and other 
 officers of the society, excepting those whose ajtpoint- 
 ment is given by the rules to the directors ; 
 
 (3) To transact any other general business of the 
 society. 
 
 59. Time and Place of Holding such Meetings. — Any 
 ordinary business meeting may tix, from time to time, its 
 place of meeting, which, where no other place is so fixed, 
 shall be the reg'stered office of the society. 
 
 60. Notice of Time and Place of Meeting.— Such notice 
 shall be given of the time and place oi the fiist ordinary 
 bu&iness meeting as the directors named in the Letters 
 Patent direct, and subsequently, notice of the time of every 
 ordinary business meeting, and of the place where it is to 
 be held if ic be other than the registered office of the society, 
 and in case the meeting has to elect any officer of the 
 society of what officers are to be then elected, shall be given 
 by affixing such notice conspicuously in the registered office 
 iind every place of business of the society for fourteen clear 
 days before the day of the meeting, and otherwise, as such 
 meetings may direct. 
 
 61. Special General Meetings.— ^pecidl general meetings 
 shall be convened by the secretary, either on an order of the 
 directors, or upon a requisition signed by twenty members, 
 
f 
 
 GOVERXMENT >!rp ADMIVISTRATION. 
 
 IT) 
 
 and shall be held as soon hs possil)].' aftor tlie receipt of 
 such order or requisition, and at the onnnarv place ,ind time 
 ot the business meetings of the society, unless any ordinary 
 business meeting fixes any other place of meeting. 
 
 02. Notice of Special General Meetini/x.—'Sotkf^H con- 
 vening a special general meeting shall state the time and 
 place thereof, and the purpose for which it is cimvened, and 
 shall be posted to the registered address of all the meujbers 
 not less than six clear days l)efore the dav of meetux' unless 
 in any case of emergency where the directors unanlmouslv 
 direct a shorter i otice to be given. 
 
 63. Where Members may give Notice.— U the secretary 
 does not convene a special general meeting in manner 
 required herel)y, for seven clear days after a requisition there- 
 tor signed as hereinbefore is provided has been delivered at 
 the otiice of the society, any of the requisitionists may give 
 such notice of the meeting as is provided by Rule 6?, and 
 shall have a claim upon the society for all costs (if any) 
 propeily incurred in giving such notice. 
 
 64. Business of Special General Meetings.— A. special 
 general meeting cannot transact any business not specified 
 in the notice convening it, nor unless the notice convening 
 It has been given according to the rules. But an ordinary 
 business meeting may be made special for any purpose of 
 which notice has been so given, provided that such business 
 is not brought on until the ordinary business is ccnclmled. 
 
 65. Quorum of General Meeting.— An oidinary business 
 or special general meeting mav proceed to busines.s, if ten 
 members are present within an hour after the time tixe.l for 
 the meeting; otherwi.se the meeting, if a special gene. a! 
 meeting convened on the requisition of the members, shall 
 l>e dissolved, Imt if an ordinary business meeting or a special 
 meeting convened by order of the directors 'shall stand 
 adjourned to the week following, at the same time, and shall 
 be held at the principal place of business of the society 
 unless any resolution of an ordinary business meeting directs 
 otherwise, m which case it shall 'stand adjourned to such 
 place as is so directed ; and the meeting so adjourned may 
 proceed to Ijusiness whatever is the number of meml)ers 
 
(i 
 
 fiOVF.liNMKNT ANTi \riMINI>TliATIi iX. 
 
 present. Nn iMi'ctiiiLr slial! Ikcoihc iiicotiipcti'iit to transact 
 Uljsitif-s tn>!i! t!ii.' VNaiit (»t' a tiuoiriin arising alter the ch.air 
 lifts l)t't'ii taken. 
 
 Gli. i'dii-'T 1,1 AiljiiiiriiiH'iit — A)iy general ineetiii:^, tluly 
 constituted, may ailjourii t(i such ]il:ice as llit- iiieiiiber.s |ii<- 
 MUt ilii'ect, wiihm thirty days, and may cdiifiiiue any such 
 .id jourumt-nt ivum tiiiio to time. No linsii.iess sh;dl be 
 i'luu-lit im at any adjourned meeting; which coidd not have 
 )m rii tfaiisarted at the orii^inal nieetitiif ; and tlie same notice 
 sliall Ix; j^'iven at any meeting,' afljourned t'of more than tbui- 
 teeu days as was leijuirefl for the o^i^dn:^l meeting;. 
 
 G7. Qaoruiii ill Moathn/ M''':tlii(js. — A uiontlity UKietili;,;; 
 siiall lie dissolved ifsucli nundier of members are not pieseut 
 within such time after ilx^ hour of meeting as the meeting 
 a|)))ointiiiL,' them fixes, and subject tliereto if ten members 
 are not present witldii liftten minutes. 
 
 ^9>. ( 'hmnaait, of MietiiKjn. — Every meeting shall Jiave a 
 chairman, who shall ntjt vote unle&s tlie \otes are etjual, 
 when he shall have a casting vote ; and v/ho. in the absence 
 of the president ot the society shall be any director willing 
 to preside; and in the alisence of any .such director such 
 person as the meeting selects. 
 
 G'J. Votes. — (l) Each individual ni«>ml)er present, wlio 
 holds such numljer of shares as an individual is remiirid to 
 apply foi, and is credited in the books of the society with 
 a sum ecpial to one share, and is not dis(jualilied l»y Rule 
 15, and such one of the Joint holders of the like number of 
 shares credited with the like sum and not f o distiualitied as 
 they api)oiiit in writing, shall have one vote. Proxies shall 
 be admitttxl only ;is the society may direct, and under the 
 conditions so stated. 
 
 70. Hull- Votes filuil he Takoi. — Votes shall be first taken 
 by show of Jiands. unless a ballot on any iiuestion is 
 demanued Ijy tive members present, when they shall be 
 taken by ballot, as the society may direct and suliject 
 thereto, as ilie directors t^x. Subject to any special direc- 
 ti<jn contained in any rule of tht.' society or Act of Parlia- 
 jneuf. ail (jiiestions sliali be determined by a majority of 
 votes. 
 
(iOVEHNMKNT AVI> ADMINISTRATION. 
 
 17 
 
 71. Coihliirt of Mnn}„r». — 'V\u' flirfctnrs, if tlu'v find it 
 nMiuisito, may pas.s resolutions for rc^ulHtini; the conduct of 
 nifniLers at nieetinjj.s, or the tin»e after which divisions shall 
 not l.e taken ; which shall l.e Lindinj? on all the members, 
 subject t.j any resolution of the ordinary business meetings 
 thereon. 
 
 Sec. 2.— Managrement. 
 
 7 2. How Board of Directors to he Formed. —The business 
 of th«' society shall le conducted by a board of directors which 
 shall consist ot the president, treasurer, secretary, and 
 eij^ht other directors. 
 
 73. Retirement and re-eliyibility of Directors: 
 
 (1) At each ordinary business meeting such number 
 of the existing directors as the society may direct, and 
 and subject thereto one-fourth part shall letiie and an 
 equal number shall be elected. A retiring Director 
 shall be immediately eligible. 
 
 (2) If a vacancy caused by the retirement of any 
 Director is not filled up by the meeting by which it 
 ought to have been filled under the rules, the retiring 
 Director may continue to act until the next ordinary 
 business meeting. 
 
 74. Removal of Directors. — A director mav be removed 
 from office at any time by two-thirds of the members present 
 and voting at a special general meeting, which may there- 
 upon proceed to fill up his place by a vote of the majority 
 of the members present votin<'. 
 
 7"). Qualifications of a Director. — No person can be a 
 •lirector who is not a member; and a person who holds any 
 j.lace of profit under the society other than an otlice 
 remunerated in manner proviiled by Rule 89, shall be dis- 
 qualified from being a committee-man ; and any peison who 
 accepts such a place, or becomes bankrupt, or is concerned 
 in the inofits of any contract made with the society, except 
 as a member of any society or company which contracts 
 with or does any work fur" it, shall thereupon vacate his 
 office. 
 
18 
 
 noVKHNMKNT AND ADMrMSTRATION. 
 
 7fi. Vnrmirifs- f/oir to hi' ftlh'il ^ip —A \ ficaiu y in tHf 
 nunihor of directors iirisiii;,' frnm any siicti flisrjuiiliHcatinu 
 as aforpsiiid. or tin' if'iiiovjil of any dirt'ctor whost- |>lat«i is not 
 lillcd up l>v the tiuttini,' l>y wliicli lu' is rcniovcl, or tlu'deatl), 
 rcsi;,Mnition, incapacity tor actinir, or n-tusal to act, of any 
 Director, shall lie tilled up with some (|ualiHed jierson. as 
 tlie society may dire<-t and subject theret) ; (1) It it arises 
 in the int<'rval between two ordinary Itusiness meetiiif.s, Ky 
 the reiiiainint^ inendx'is of the hoard of directors, or if 
 not so tilled, hy the next in«M'ting ; {'!) If it arises at any 
 such nieetin;;, hy the meetinj;, and in the last case any 
 Director who may resij^ii shall he immediately re-elii,'ihle. 
 Kvery person so appointed, or elected hy the nieetin-,', to 
 lill any vacancy shall he substituted for the mendier who 
 has caused the vacancy, and shall retire from otKce at the 
 time when such mendx'r would have retiied. 
 
 77. Generid Puwer.^ of the Board of Directors. — The 
 directors shall control all bu>ines.s carried on hy or on 
 acount of the society, receive and give receipts for all 
 iiK'i.eys due to it, determine all purchases or sales, and the 
 prices to be paid or charged for the same, and make all con- 
 tracts enteretl into by or on behalf of the society for any of 
 the objects for which it is foimed, including all purchases 
 and contiacts relating to land, excepting such (if any) as the 
 society may direct to l-e subject to the a])proval or authorisa- 
 tion of a general meeting, ami if the society has any land, 
 building, or mortgage rules subject to these ; and all such 
 contracts shall be signed and attested as they direct from 
 time to time. They may, from time to time, (Migage, remove, 
 or discharge all managers, salesmen, or employees of any 
 description lequired to conduct any such business, and fix 
 th^'ir duties, salaries, or any other remuneration, at such 
 rates, and re(|uire them to give such security, either in the 
 forms hereinafter contained, or in such other forms approved 
 of liy them, as they deteimine. They shall decide on the 
 evidence to be ])roduced for establishing the claim of any 
 nominee, executor, administrator, or official trustee to any 
 share in the society ; and may institute, prosecute, compro- 
 mise, or refer to arbitration any suit, debt, liability, or claim 
 aiiainbt, l)y, to, or on the society , and in any case for which 
 
OOVBRNMENT AND ADMINISTKATION. 
 
 19 
 
 thf. ruk-s of the society do „„t .,x,.,v..sly provi.le. n.uy 
 ex.rc.s,. any power which cuul.l l.e exercised hv the society 
 in general nu-et.n- other th..., such hs by the"law for the 
 tune l,e,ng may l,e required t,. I. e exercised l,v m.cI. nieetin<rs, 
 and M. that ,n the exercise of any such power they do nothm-' 
 inconsistent with the previous resolutions of such meetings 
 An.! all acts or on ers done or yiven l.y the directors in the 
 name and on hehalt of the society under any power hereby 
 Kuen then shall bmd the society ami eyery n.imber thereof 
 as tuiy usif they had been actsor orders of a n.ajoritv of the 
 n.en.bers ot the society, at a general meeting thereof," actiiK' 
 in rxercise of the powers given theu. l,y the rules. 
 
 78. Duty of the Board of Directors to Summon Me.tiru,. 
 Provul. Books, ^..-It shall be the duty of the .lirectl; 
 under such penalties, ,t any, as tl.- society ,uay direct : 
 
 (]) to convene all meetings of the society according 
 o the rules thereof, subjec-t to the provisions herein 
 l.eton' contained as to special general nieetin-s ; 
 
 (L) To provide proper books for entering the accounts 
 ot all business carried on on behulf of the society and 
 the minutes of all meetings thereof, and of th<-ir'own 
 proceedings, and for making all such entries as are 
 hereby required or as any gener.d meeting may direct : 
 {6) io provide such forms as are necessary in con- 
 sequence of the provisions of the rules, and for Uie same 
 being kept, made up or used in such manner as in their 
 discretion they think desirable ; 
 
 (4) To provide a sufficient supply of copies of the 
 annual balance sheet and books. ;f rules tocomnly with 
 the directions of the general Rules. 
 71). To lay .Statement of Accunnts and Report b,fore th. 
 General Meetm,s-The directors .shall pivpar.- a staten.ent 
 of the accounts of the .society, in such form ;.s the ordinary 
 biismes:; meetings direct from time to time, and lav thein 
 duly audited by the persons appointed to audit the same" 
 betore each ordinary busine.ss meeting, unl,,-ss such meetings 
 direct otherwise, and in that case before such meetings as 
 they may direct accompanied by a report on the position of 
 the affairs of the society, signt .1 bv the chairman of the 
 meeting at which such report is adoi)ted. 
 
20 
 
 r.OVKRNMKNT AND ADMINISTRATIOV. 
 
 80. Tim*; Pluce. of Mye.tinif, and Quorinn of th>' Dire.'- 
 tors. — Th<* hoiinl of diuH-tors sliull meet at such tiiue.s ninl 
 jilaccs as t\w ordinary business incctinj^s direct, and, so far 
 as no such direction extends, at such times and phices as 
 they (h'termine, hut sliall not proce«Ml to liu.siness unh^ss 
 such numl)er of niemhers as the society may direct, and 
 suhject tliereto jiot uiih'Hs tliree meml)ers are present. No 
 director shall vote on a <iuestion on which he is personally 
 interested- 
 Si. FlncH for JVon-uttendance. — The ordinary business 
 meetin^fs may im|M)se fines on any memher of the hoard of 
 directors for non-attendance, provided that no such tine is 
 retrospective. 
 
 82. Chairman of the Board of Directorn. — Every meet- 
 ing of the directoi-s shall have a chairman, who shall he the 
 president of the society if present, and in his absence such 
 one of the diiectors as they appoint. The nuijority of votes 
 shall decide, hut the chairman shall have a second casting 
 vote. 
 
 83. Special Meeiingtf of the Board of Directors. — A 
 special meetin<if of the directors may l)e called by a notice in 
 writing given to the .secretary ])y such number of members, 
 at such time before the day fixed for the meeting as the 
 society may direct, and subject thereto by two members one 
 clear day before such time. The secntary shall communi- 
 cate every such notice to each of the directors as soon as 
 possible after the receipt thereof; and no other business 
 shall be done at the meeting than the business named therein. 
 
 84. Appointment of Sub-committees. — The board of direc- 
 tors may delegate any of the powers hereby given to them 
 to a sub-committee of its own members, who shall, in the 
 functi<jns e-itrusted to them, conform in all respects to the 
 instructions given them Ijv the board of directors. 
 
 Sec. 4.— Officers of the Society. 
 
 %b. Apjioi/itmeht of President, Tr 'surer, and Secretary. 
 — There shall be a secretary and treasurer of the society, 
 and a presiding officer with the title of president ; and the 
 

 (JOVKUXMKXT AM. ALMI MSTIUTlnN. 21 
 
 following. r..g„latio,..s sl..II ..pjlv to ,...1, ..f ,1.. ,..};.■.,•• 
 (I ) ir.. shall 1.. ,.l-.t..I Mf tl.M first onlinarv l.u.si,..ss 
 
 1'^ :l.sM..Hl.fH;.| fn,n. olHo. l.y th. sa.n. .in- most ., • 
 wl.u-h ar. .hs<,UHliti<.ations fW,- ,. clin-.tor, a,., shu h^ 
 
 (3) He shall h,> r,-d.Vil,|,., and if no Hurr^ssor is 
 appo.nt.cl on th. t.nnination of his ofJi.v, shall c^, 
 t.nu.. ,noffl... until tho n.xt regular period 'of docto 
 
 nell^nr] '"?■'" ''""'^•" ^''^'" '- «"•"' "P^'tthe 
 
 :i;eJ!:;:to;^^''^^'^^''^"'''-'''---^''^H''^^^ 
 
 (0) The person appointed to till up a vaeancv shall 
 confaue m otHee o,dy till the regular tiu.e of dec u. 
 subject to provision (3). tiecuon, 
 
 86. Z»,.//e« o/M... Oftc.rs.~The duties of the Officers 
 appointed under Rule 85 shall respectively he as folio, s:- 
 
 (1) The Presidknt (a) shall take the chair, if pre- 
 sent a all jneefngs of the society or of the di^ecto^rs ; 
 
 (6) He shall sign the reports to he laid before the 
 meetings of the society, which shall he previously su .- 
 
 (-) iHE IREASURER (a) shall supervise the accounts 
 and payments of the society, which shall he en tercd in 
 tie books thereof as he from time to time directs, subject 
 to the orders of the directors • 
 
 thi^^^"\'^'''",'^^ ^'"^""^ ^''^^ direct(,rs at such times as 
 
 til n r ' ^"'^ '"^ ^'^""" "^ ^">' ^^^^^'^ ^l^'^'-tion at the 
 farst meetuig in every month, a statement of the business 
 
 torstquTre?' ^'"""^^ "'^' P-ticulars as the direc- 
 
 (c) He shall iHscharge any other functions lelatin.r to 
 the receipts or payments of the society which the 
 directors may direct ; , >.n . 
 
•70 
 
 (.(iVKKNMENT AND ADMINISTRATION. 
 
 ('/) Any ixt'Hcral incotinf; may .substitute the hankers 
 (jf till' sucicty ill plact' of tlic trciisurtT, in w liicli case 
 any liutit's litTciiy assigned to tlie treasuror may he 
 (lisc'hargt'il in such nianner as the nicetin;:; directs, and 
 the eh'ction of an otiicer as treasurer shall ceast; to he 
 made ; hut the uiet'ting may substitute an additional 
 directoi' and fix the time of his r<!tir(^ment. 
 
 {.'5) TriK Skcrktarv {a) shall summon and attend all 
 meetings of the society and of the directors, and of 
 any counnittee, if so required hy the committee, and 
 shall keep minutes thereof in such manner as the 
 directors direct ; 
 
 {b) He shall make sucli returns relating to the busi- 
 ness of the society as the directors require ; 
 
 (c) He shall have cha'ge of the documents and other 
 papers of the society, and if recjuired by tin; directors 
 shall keep the accounts in such manner as they direct ; 
 
 ((/) He shall keep alL the books relating to shares, 
 loans, or deposits requiied to be kept under the rules 
 of the society, and the list of members, and -^liall receive 
 all contributions, tines, and other payments due from 
 the niem))ers to the society, and keep the accounts 
 theieof, and pay over the amount so received as the 
 directors direct ; 
 
 (e) He shall in all things act in the discharge of his 
 iluties under the diiection and control of th(^ directors ; 
 
 (/") Unless the society directs otherwise he shall not 
 sit on any committee except he is n ineTnber thereof in 
 virtue of his otHce. 
 
 (4^) General It/.— It shall be the duty of every ollicer 
 of the society, having the receipt oi' charge of any 
 moneys thereof, his executors or administnitors, at 
 such time as the society may direct, and sul)ject thereto 
 as the directors reijuire, or upon demand made, or 
 notice in writing given or left at his last or usual place 
 of residence, to give in his account, as may be retjuired 
 by the society or the directors, to be examined and 
 allowed or disallowed by tliem, and on the like demand 
 or notice to pay over all moneys, and deliver all 
 property for the time being in his hands or custody to 
 such pei'sou as the society or the directors appoint. 
 
nOVERNMES-T AVn ADMINISTRATION. ,., 
 
 "phv hi,« 1,0" ,;„1 :,",;;, "■'","■'• i'™"-"- "f run. xl 
 
 from ,i,„e to t n ?.,::; ■'■'■7''':''- <1': 'H-oto,, ,„av 
 
 «oc,V,y or .,,!.Hnt«l .,, th" S*';: '' ''■ " "''■*■*'•" ''-^ "'- 
 nicotines shall homt-uJ,'T ^ f'^-f^inaiy l.usinrss 
 
 '^ny moneys of the loeLv T 'T'"'''' "'^ "^^'"^ ^'^ 
 soZ-ietv mav direct he 'nr^". ""''"' ''^"''' P^^'^'^y ^<« the 
 office/eiHH- toom; tr/ "''"^'^^^^ '^'^'^^"t^^" ^^' his 
 -ith 'or without ^^\^rcHrT "' '" '^^"^^^ ^''^-^• 
 
 to tl.e forms in these rnl.^ n . ' '''^"■'"- '-'^^^O'clir^;,' 
 
 from time to^^:t^^:^'^^:^^^-y^^VV^^^^ 
 society in such sun o^ fl, ? r 1 /^curity of a guarantee 
 true Lcount of r rnn ' ''^'•^"•' '•<'^^'^""^' a full and 
 account^ L soaL r%'"'""''' «'' ''^^'''''y ^im on 
 the director reru:';,;^ ^r A '""' "^ ''" ""^'^ ''"^ *" - 
 from hin. to the^.Cfjty '^"^"""^ "' ^^'' -^'"-^ <'»•' 
 
 Sec. 5.- Conduct of Business. 
 
 »cK.tj. .1,.,,, I,.',,,,!,! fo'„,;°;,.;;':*,7 " '°"''" "•'" '■^' ""■ 
 
 ceived nZT "* "r"^' into' l!„,.k^^^n ,„„„ev, ,,.. 
 i-^eneial .\Jcenng~X\\ payments above such sum as the 
 
24 
 
 (iOVERNMENT AND ADMINISTRATION. 
 
 m'uei'iil meeting's fix from time to time, shall be made by 
 cheqiies, si;,'i!eil as tli»' society may direct, and subject 
 tlieieto. 
 
 'J4. ,Sfnl of the Society — its Custody and Use. — The 
 Kocietv shall have its name engraven in legible characters 
 upon a seal, »vhich shall bear such device, and shall be in 
 such custody as the societ" may direct, and subject thereto 
 such i'.s the directors appoint ; and shall be used only under 
 the authority of a resolution of the directors, the date 
 whereof shall be inentioned on the instrument to which the 
 seal is attached ; and shall be attested by the signature of 
 two directors and the countersign of the secretary. 
 
 'Jo. Use of N(tme of the Society. — The name of the 
 society shall be mentioned in legible characters in all notices, 
 advertisements, and otficial publications, bills of exchange, 
 promissory notes, endorsements, cheques, or orders for 
 money or goods purporting to be signed by or on behalf of 
 the society, and on all bills of parcels, invoices, receii)ts, or 
 letters of credit of the society, and shall be conspicuously 
 painted or affixed, and kept })ainted or affixed on the outside 
 of every office or place of business of the society. 
 
 96. Complaints and sugge>itions by Members. — A mem- 
 ber who has any complaint to make as to the quality, 
 quantity or price of any goods supplied by the society, or 
 the conduct of any officer or servant of the society, or any 
 suggestions for better carrying into etiect the oV)jects of the 
 society, shall send the particulars of such com))laint or 
 suggestions to the directors, who shall inquire into and 
 decide upon then), subject to an appeal from any such deci- 
 sion to an ordinary business meeting ; but no such complaint 
 shall be brought before any such meeting except on appeal. 
 
 'J7. Employment of .Members. - Except the diicctors 
 sh'juld direct other. .ise in any case, the holding shares in 
 the society shall not be lequiied as a condition of 'in- 
 ployment. 
 
 Sec. 6. -Evidence. 
 
 98. Minutes to beEvidtnce u/ Proceedings. — The minutes 
 of all meetings of the society or directors, containing such 
 
ACCOUNTS AND RETURNS. 0- 
 
 particulars as the direr-tms; fi;.v.-.f e 
 
 CHAPTER Vir.-ACCOUNTS AN'D EETURXS. 
 Sec. l.-The Auditors. 
 
 100. A'umber of Auditors.—Thn-e slmll 1,0 ,„l,i, f , 
 the ap,,„,„t„«„t „f any p„Ui„ uudito,.: tt L'dit"!"' '° 
 
 101. Appointment of AwHfors : 
 
 (1) Tlieauclitois shall be elected at the first oi-dinarv 
 business ineeting of the societv nn,l off °'^i"'^'> 
 cli.,11 ,„*■• .* ! J't^'-iet}, and attorwan s one 
 
 s lull retire and one shall be elected at each ordiinr • 
 Imsiness meeting, the order of retirement of ?he i ^^^ 
 auditors being fixed by themselves • 
 
 (!') A retiring auditor shall be re-eligible • 
 
 be hi e^lT?; '" ""' *^PP<^i'^t»'-^t ofan auditor mav 
 ue niiea up oy the committee • 
 
 (0 No servant of the society can b. an auditor : 
 
 mav j; V.r 'T ">eeting, in ]{.„ of electing an auditor 
 
 auditor, and thereupon the appointment of the 'then con- 
 
26 
 
 ACCOUNTS ANT) URTrUNS. 
 
 tiiniiiiLj luidilor sliall he vacutcd, jiml tlic audit shall be con- 
 
 durtcd liv siicl) jiiililii' auditor; 
 
 ((■») Any sulisc(iii('iit i^'ciiriai nicftiiii^ may vary such 
 diintinii liy siilistitutiiii,' tlif Jiaiiiti of another ))uhlic 
 niiditor, oi-. liy a resolution, whcieot" notic(^ has been 
 ^i\rii as ill thi- i'asc of a special i^eneral nieetini;, niav 
 lesi iiid tlic same; and theren|ion the nieetinj; shall 
 elect aiiditdi's, who sliail r(>tire and be re-elii'i})le as is 
 |>i(i\:iled liy chliises (1) to (.')). 
 
 Id:.'. Piifn s i)f' Anilitors : 
 
 ( 1 ) </(■/(./•(?/.— Tlie auditoi's shall audit the accounts 
 ct the siH'ii'ty to be prepared liy the directors as herein- 
 betore pro\ ided. t'ur the peiiod intervenini,' fruni the 
 ti'i Illation ot' the socit>ty, or their last audit, to such 
 tiiue as the society may tlirect, and subject thereto to 
 tin- bcijiiiniui,' of the last calendar month previous to 
 1 aidi or.liiiary business meetini;. and shall lay before it 
 a balaiue slie<>t of the receipts and ex]>enditure of the 
 stvietx during the peiiod to which the audit extends, 
 and a s;atenicnt ot' its assets and liibilitie^ at the time 
 ot siuli audit, botli sii.'nt\l \'\ tlicm. which shsll specifv 
 the total amount of ail moneys t>orrowed hv the societv. 
 distuii;uisliini: the character of the securities on which 
 <-ac!i IS obtained. 
 
 V-) AtuiUtil Biihitur ^ht'tf. — The auditors shall 
 examine the annual balance sheet, anil verify tlie same, 
 vxuh the accounts relatinj; thereto, and shall either sign 
 t!ie s;uue as fomul by them to K- correct, dulv vouched 
 .tuvl in ae-,vniance with law, or s^vciallv report to the 
 svviety in what resjvots they rind it incorrect un- 
 voucht\l. or not in acoorvlance with Ia"v. 
 
 UKv Anrc-.v or' th(' Auditors.~The auditors shall he 
 fixXhUsl to call tor aiui examine aiiy jxiper or document 
 Ivlouiriuj; to the society, and jh;Ul make a sfvcial report to 
 the Svxnety uivn :uiy matter cvmnecte'l with the accounts 
 which apjvans to them to niH^uire notice. 
 
 UU. AnditcJ Accounts tC' ?y Biniin.j on th^ Jlemr-rrs. 
 — Kvory Isilauo-' shtvt siimed br the auditors and approved 
 of by the meetiiu to which it i/ rr^sentevi. shall b« bindiss 
 
PROFITS. 
 
 27 
 
 the next o,,ii„a,'^,,:,'';„;:";„;.li';,!;>' ■'""»'»• '"-«'■•■ '-r-e 
 
 105. Copy of Accounts and Remrt \ ... , 
 
 •^l^al' ■ a-pt always In '^: '^ ''"' "•'.''''•' "^' ^'''' -"''tors 
 
 lOG. Ji>miinrranon of the Auditors 'n, ,-. 
 receiv. such roumneration as th/- o^^H^^^^^^ •^''■''J 
 
 vote them from time to ti.,u' ^"''•'"'•^ry husuH,.ss nH.,.tin.^s 
 
 Sec. 2. -Inspection of Accounts. 
 107. Individual Right of hisprrtion \. , 
 person havin. an interest n tl.XsiZ;/ ""."'•"'•• ^•'- 
 inspect the books and tlie nanu^nf T '''■'"^>' "'■■'>' 
 
 roasonaf>h, hours at the t "^ d^I c^ ::;7;' "" ■''""'^'^" 
 any place where the same^are kenf , f ^T ''""T'^' ^'' '^'' 
 tions as to the time and n.^'j^^^f "J^ ts ^^^k ' '^^"'^- 
 »'e made from time to time hy the ., "' d . 'V"r 
 
 SOCietv, eXCent thlt nn .„ I f ''"' '^•^' HH-etlM-s u\ t I.- 
 
 an office,- o/ he „ ° t '' Te "■'' '"' r"'"' ""'"» '"• '- 
 resolution thereof "bS'Lve I ''^" ■ :"'""'"»-'l I'.v -^ 
 
 (1) ^'ratnitousJv a conv of fh,. I.>^f i > , 
 
 sheet. ' '-^ "^ aniiiial balaiiff 
 
 (!') To every p-rson on d.-n.and a copy of the rule • 
 
 C H A PT Eli \- 1 1 J . - J • I to FI T.S. 
 Primary Charges. 
 
 100. Tl 
 
 account of, the 
 
 ^'H.p'ont.ofaII th.hu.u.-.scarri.doul. 
 ■ society, sliall he applied as follows:—' 
 
 'V. or on 
 
28 
 
 PROFITS, 
 
 (i) IMuclion of Fixed SloH- ,lc—J„ „ 1„ r 
 •; .e value of tl,e «x„l .„„.k a„j'„l ^ „J;,r;oc:; °' 
 
 r«iuc.tio„ of t.,0 preiin^;, :r;iS'i';r^7:'" ""; 
 
 (•1) -Dividend on Share Camini r 
 fi.na to ^hich ; I fin, s hi?) ■' ''*■ T""''' » ■■<»"'"•'' 
 
 '- »s ,hey extend in payn,e„t of a"lT„ch al™"''' '' '" 
 the time ivlien thev l,e?,^, I " I'usniess mw-tings fix l.eforc 
 
 ..•-s.«„run,es:'i,7d';;.:;rotE;l^. ^'""' "" ""'" '° ■'-- 
 
^'■-Pt-TKS ANI, F..VPti.srON- 
 
 C'*' MEMBEKs. 
 
 3!) 
 
 Distribution of Profits. 
 
 I>;-ofats left after pmvidi.rfrti;; ,'' '''''^'^'^^^^^ of the net 
 l^^O shall l>e divided h^tJ^^l^'' "'"'''■^^'^ «P^^'Hed in rule 
 
 «/ their Vnvch^^^l^J^^'^'^^^^^ to the an.onnt 
 shall not exceed ;ne hal c hf '^' ''^"'" ''^^ '''^'^'^'^ 
 ^vould be entitled as n,enlbers '"'" '° "^'''^'' ^'»'>' 
 
 113 rr/pf //e>a^,o„ of Dividends • 
 
 come receivable. shalU: "e j eHo ^ f ^^ ^^"^^ '- 
 Joans, Avithdrawal.le on sucl no • '"',^' "'^'"^'^'^ '^'^ 
 
 e "i-Sr^ -f^„^,^.;-/_e.^^^^^^ Prom i. rerUU„ 
 "Ppropnation of the:* I ron"rton of 7 "'"f '"'■'^'' "'"* 'l"' 
 
 CUAKTER IX.-BISPUTES AXD EXPULSIOK O. 
 
 MEMBERS. 
 
 » ...en.her, or „„<k.,. tl,e u'i<" of Jl I""""'/''"""'"-' 'l'™"«i' 
 or .n.v offioo,. Unoo, .aal,'"b:l^'r.»r„f,o,t^".!!--->- 
 
 lule is reo-istered coi, " i"^ ^ociely after thi.s 
 
30 
 
 AI.TKRATION UF HILKS. 
 
 ,lc..tccl, non. of vvhmn are .li.rctly or iuclir.vtly intn- 
 est.'d ill the funds of the society. 
 
 (O) Fac.n*c/e.s in the nun.l.er ot arbitrators shall .<^ 
 tili;i l>vthe first ,eueral .ne<-ti.i, after they occur, and 
 if not then tilled, l.v the direetors. 
 
 C',) The costs of an arbitration shah bo boine as tie 
 J:;rLs direct, and each party sha 1 ^^'l^^^_ 
 sum as the society din-cts, and subject thereto, txsodol 
 lurs and a half, to abide their d.'cision. 
 1 1 G How a Member may be Kxprlhd.-A member may 
 bee nelled by the vote of two-thirds of the -embers prs'n 
 at t St ell .'eneral meeting of the society, upon a cha.g. t 
 :^H^:'o? o;iduct detrimemal to the society, conimunicaed 
 ;:^in.1.v order of the committee for such ^-^ -^^^ m' 
 „Kiy direct, and subject thereto tor one calendai month bctoie 
 the' nieetiu!^. 
 
 117 Payment of Exp.Ued Member.-X "'^^"'^f'" ^^^. 
 expel .1 shall be paid the full sum paid on ^^yf^'^V^'t 
 olt • h Id bv him at the date of the resolution oil- 
 .xpulsion ■ and all tra .ferable shares held by him shal e 
 X h g^^-d upon such payment bcng tendered^ vv^^e- 
 the member accept the tender or not ; ^^^^ ^^^ ^^, 
 rincr to th- minute of expulsioa and the date o such tenati 
 Slbeideon the register of shares under all such shaie,. 
 118. Be-aJmcss-un of Expelled Member^So exj^elUn 
 JXv shall be re-admitted except by a vote ot two-thirds 
 of t"' tnembers present at an ordinary business meeting, oa 
 a motion of which notice has been given. 
 
 CHAPTER X.-ALTERATION OF RULEH. 
 
 1 1 ^^aiori(u Jienvislte to Make Alterations, subject to 
 Pr^sJ 7tke Letters Patent and the Act.-Any rule 
 of the society mav be repealed or altered, or any neu le 
 be made! by\he ' members voting at any special geneial 
 meeting, by a majority of two-thirds. 
 
Forms op INSTRf.MKNTS. 
 
 31 
 
 CHAPTER XII.—FORMS OF JXSTIirMKXTS. 
 
 I-'O. Jnsfrumenfs s/ml/ Innw the Mloving Forms _Th.- 
 Histruincuts irtrrml to in tlic prcmlin- rules shall 1„. ir, thr 
 torms tollowm- or as near tlirroto as tlic ms.. allows TIic 
 (late, tho nunu. of the .sooioty. and. if the c-asp nM,uirp. :ni 
 address to tl,e directors shall in all .>ases l.e preHxed :— 
 
 (1) Application for Admission by an Individual: 
 
 (a) By Application for Sfiarrs—l, tlie undersigned, 
 
 herei>y apply for shares in the aU.ve- 
 
 nanied society, in respect of which I ag.ee to make 
 the payments required l,y the rules o{ the soci.-tv .nul 
 otherwise to he I)ound therehy. 
 
 Signature of applic ant. stating his a.l.lifHs and occupation. 
 
 (b) I^y Payment for a Copy of 7.'«^«.— Received 
 this day a copy of the rules of tlie ahove-nanied 
 society, tor wliicli I liave i)aid [on account of the under- 
 mentioned applicant*] tlie sum re.juired to l.e paid on 
 an application for admission to the society 
 
 (2) Transfer between Individ ttals.—Thii^ instru- 
 ment, made day of 188 , between 
 Aot ,_and B of , witnesses, that in con- 
 sideration ot the sum of S , paid by the said B 
 to me, I, the said A, hereby transfer to the said B his 
 executors, admini.^ ■ rators, and assigns, the shares 
 numbered , now standing in niv name in the 
 hooks ot the above-named society, toehold the sai<l 
 shares upon the same conditions on which I now hold 
 the same, and that I, the said P., hereby accei.t the 
 said shares, subject to the said conditions. [n witm-s 
 whereof we have hereto set our hands. 
 
 Name of Transferor. 
 
 — Xame of Transferee. 
 
 ' Omit tiie words in brackets if the payment is made by the Applicant. 
 
32 
 
 F0UM3 OF INSTRUMENTS. 
 
 H) [^ircemrnt '>r Bund of Security h>j Offlccrs. 
 U) Without a .Sure /.y. -This a^reeinent nuul. the 
 aayof In.twe.-n A 1., ot 
 
 and th. Co-op-vativ,. Soc'lety, L..uh,u.hn-.y, Ln.u nl 
 
 til h.a at^VacUa Min.s, in th. e nu.ty of toU:h.^ 
 
 t.,-. Wh.reas th. sai.l A li has been api-o m -d o 
 
 , ■ ,. , f hi the society on condition ot 
 
 icitncsscd as follows : 
 
 The society agrees with the said A I?, 
 
 ,S,..e salary or o,lu r ciuiv alont, if any ; if no., omit thin „art 
 uUoKi^tiitT.l 
 
 The sdd \ B, in considei-ation of the prennsos, agrees 
 V til ihe * society to render a. just and true account 
 
 f 1 tnonevs received and paid hy him on account of 
 tt so ety/at such times as the rules thereot appoint 
 
 d to pi over all the moneys remaining in h.s hands 
 u assi-m and transfer or deliver over a proper y 
 ( n Uuling books and papers) belonging to the societ> 
 n 1 . hands or custody to such person or persons as 
 he society or the directors thereof appoint, according 
 to the rules of the society, together with the proper and 
 le"al vouchers for such payments ; 
 
 'And in case of any default in performance of these 
 agreements, then that'ho, his heii-s, executors, or a. m m- 
 is'trators, shall pay the society the sum o dol a s 
 
 as liduidated damages. In witness whereof th said 
 A B and the undersigned D, in the --e and by the 
 authority of tlie society, have set then- hands the Neai 
 and day tiist aforesaid. 
 
 tVitncss 
 
 to th: 
 
 aUjniitures 
 
 A B 
 C D 
 
 [Description of ..ftice (if any) huld by him in 
 
 (h) With a Surdy.-Knou- all men by these presents 
 th. t we A B of and C D, of 
 
 surety lot and on behalf of the said A B are jointly 
 and severally held and tirmly bouu.l to the Co-operative 
 Si ie y, Lo ulondeiry, Limited, established at Acadia 
 
FOHMS OK INSTHL MKNTS. 
 
 33 
 
 Mines, in tlif ('(iiiiit\ nt ( 'olrlic f. r. in (Ik mmh <>i 
 t<' l'<' i'iii 1 t.) the sail! .>(,ciffy (u tin ii rcit.iin alt(Mni\. 
 fnr uliirli paynniit well an-l tnil\ to l.c made u •• jciintiv 
 and sc\-. Tally I'ind uni'-rhcs and eac^ji of ns liv iiinisclf, 
 our and caili ofour licirs, exicuters, and jidiiuiii.stiatois. 
 firndy l.y these |.rcsent.s scaled witli om seals. 
 I >:tf((| tins (lav of 
 
 WhtT'iis the at)(>\e l.niindcn A I', j-as lnin duU- 
 a|)|ioiiitrd to tiie oHicc of nf the .^oeietv 
 
 estal'Iished as aforesaid, :ind he, tcy.th.'i u ith thf aliov'.- 
 I'oiin-len C I ), as hi- suictv, iia\f entered into the 
 aliove-rontained li,,nd, sulijeet to the eonditions iierein 
 aftei' contained; now, therefore, tin- condition of the 
 aiio\e-tontiuned l»ond is such tliaf if the said A I', do 
 rendei' a just tmd tinie account of nil tneiievs receixed 
 and |>aid l.y him en acc<*unt of the said society, at sn 'li 
 times as the rules thereof appoint. ai;d do paV over all 
 the moneys remaining,' in his liai.d>. and assi<»ii and 
 transfer or deliver over all piopeity (ineludini,' hooks 
 and jiapers) belonging,' to the said society in his hands oi- 
 cust(<dy to such person or persons as the saiil societv 
 ()!■ the dir(>ctors thereof appoint, accordinir N) the rides 
 of the said society, togetlicr with the proper and lei;al 
 \oucheis for sucli pa\ nieuts. then the alio\ c-contained 
 liond shall lie void, lait (itlierwise sliall remain in iuU 
 force. 
 
 The si'als and signatiuTs of the ofticcr aiirl sun tv shonld b(< 
 atlixt'd liere. 'I'lic seal may be a wafer jmt oppohiio the 
 iiaiiio of the siKnin^r party, on whicli lie slioiild juit eiir 
 fmwr, and say. " I ilelivci- this as my art and dci'd." 
 
 Scaled and dtli\crcd in the presence ( f us—- 
 
 (' D, of 
 K F, of 
 
 There must be two witnesses to each siRnalnre. but tbesanu- 
 persons may witness botli. If tlie (itliccr anil liis snretv 
 
 sit,'n before ditVereiit witnesses the f;iim of witnc -in'' 
 sliould be re|!eated. 
 
 (I) Condition of a Bon'l by or as svcuritti for a 
 Mani:ijir or Store/;' tjier icho has charac of Go'ds ,,■,■? 
 
34 
 
 KitKMS OK issTinMr.NT>;. 
 
 l.wfullv nutki.,, away w.t h, or ^v.ltnlly < / ;; > 
 
 u>mt Ml" or Osiii'' any ot tlif niont)», ^ - 
 
 ;;:::h;uHiis.orT.i^.^sinius.i.u.,.ori.-.T.^^^^ 
 
 .10 n-n.lrr u just un-l t.u.- uccouut, ^c. [us m tonn -M- 
 
 ERRATUM. 
 
 Pag. 0, clause 34-For tl.o words "f.v. dollars ivad 
 ••one dollar."' 
 
LIST OF RULES. 
 
 rHAI'TVlFl r. Intkki-kktaiion 
 
 AM) (iKNKKAl. I^IAI.IKKATION, 
 1. riittTprctatioii. 
 '.'. t^imlifli-iitlon. 
 
 CHAITKU II. Namk. oaiKtTH, 
 
 AM) I'l.ACK OK Itl'r^INK.HH. 
 
 ',i. N'liiiU', (il)j('c»s, iind iKjwere of 
 
 4. HeKislcrrd ofHcti. 
 
 CHAI'TKIt III. -Mkmhkksmu-. 
 
 Sec. 1. Members. 
 
 i"). Who (ire nienif)f rM, 
 
 »). Shiircs to l)t! held by mcinbcrs. 
 
 7. Pa.\ nii'iit oil ii|)|ili('iilioii. 
 
 5. ATii)li<'jitinn by hii itiilividiiivl. 
 y. How iippliiatiun V) be (Icalt 
 
 \vitt>. 
 
 10. Notice of refusal or iidrni^ision. 
 
 11. Hepaynient of the entriiiuu fee. 
 
 12. How forrn.s to he ref'MTod to. 
 
 13. Aiiiiiinsioii of iimrrieil ".vo'n-n. 
 II. AdiiiiAHioii of iiiiiioix 
 
 1.). Withdrawal of iiieinhers and 
 partial cessation of meinbor- 
 ship. 
 
 Sec. 2.— List of Members. 
 1(5. Where to be kept and entrieH 
 
 i: 
 
 18. 
 19. 
 20. 
 •Jl. 
 22. 
 
 •23. 
 
 thereon. 
 Claims to be entered on, or re- 
 moved from list. 
 
 (HAPTKIl IV. C'Ai'iTAL. 
 Sec 1.— Share Capital. 
 Nominal value. 
 Instalments. 
 
 Power to pay in anticipation. 
 Cases of distress. 
 Applii-ation of dividends to pay 
 
 lip shares. 
 Allotment of shares. 
 
 Sec. 2. Enforcement of Debts 
 to the Society. 
 
 24. Pteeovery of snnia due nnder 
 
 rnlca and forfeitui-c of pharos. 
 
 25. Etfeet, and remission of forfeit- 
 
 ure. 
 
 Sec. 3.— Loans and Deposits 
 
 26. Loans on the seeurily of u«;ree- 
 
 ments, bonds, or inortKaKes, 
 to what amount, and hew 
 may be made. 
 
 27. Power to receive deposits. 
 
 Sec. 4. Invesiment-i. 
 2M. Power toiiuest HUiphiseaiiital. 
 
 Sec. 5. -Repayments of Capital. 
 
 21*. Hepaynient eoTiipulsor> on 
 
 iiiembi^rM. 
 ,'10. Uupiyiiu.'iit on the reciuest of 
 
 memlKTH. 
 ,11. ."Shares repaid to be extiiiKUi- 
 
 s'led. 
 H2. Moneys left with the Hociety 
 
 alter notice of repayiiu'iit. 
 
 CHAPTKK V. 8HAUKS. 
 
 Sec. 1. -Shares Generally. 
 
 33. \N'here two or more joint hol- 
 ders. 
 .S4. Limit to dividend.s. 
 3.>. Lien of society on shares. 
 
 Sec. 2. Allotment and 
 Transfer. 
 
 :<C. How to he allotted. 
 
 .37. .slijire -"Kister 
 
 .iii, Hhart! ledger. 
 
 3!». Koriim of transfer. 
 
 10. Kegi.st raiion of transfers. 
 
 41. To whom transfers may be 
 
 niaile. 
 
 42. Kei) on transfer. 
 
 43. .Shares hold in trust. 
 
 41. Payment of stamp duly by the 
 
 society. 
 4,'). Limit to amount expended on 
 
 repayments. 
 Uj. Payments on account of shares. 
 
 Sec. 3.-Transmis6lon of 
 Interest. 
 
 47. Nomination book. 
 
 48. Not ice of the ri^ht to nominate. 
 4!t. Fee on nomination. 
 
 50. Proceeding on the death of 
 
 member. 
 
 51. Extinction of tran.sferable 
 
 shares. 
 .")2. Transfer to make membership, 
 oil. Hankruptcy of a member. 
 54. Joint iiolders of shares. 
 
 CHAPl'KIl VI.-GOVKKXMENT 
 AM) AD.MI.MrtTKATION. 
 
 Sec. L— General Meetings. 
 
 .T.5. Ordinary and special meetings. 
 M. Ordinary business meetings. 
 ,'>'. Monthly meetings. 
 ■"i8. Kumtions of ordinary business 
 meetings. 
 
LIST OF RULKS. 
 
 .-,0. Time and piarc n 
 
 if hiildiiik' 
 
 such iiicetiiit;^ 
 CK. Ndliii' of tunc ai 
 
 a plai. 
 
 .>f 
 
 meet hit,'. 
 
 til 
 
 SDOelil 
 
 A ^reiieral iiiectn.jis. 
 
 Sec. 0. Evidence. 
 
 rtS. Minutes to be evidfnec of pfo 
 
 ceriiinH's. . 
 
 99. What to 1 e sufficient notui-. 
 
 (■>: 
 
 !;'• N;;tiee'Jf".l')cck;rK.neral.,..ct- cilAl'TKH VII.- Arret NTS AM. 
 * intJS. IM-.Tt-HN.-'. 
 
 Wlien- nii'inbers may gi^t' g^^ ^ The Auditors 
 
 «■ "JSiS or ., i»i n,> ,». N;;;;;;;;;;,;;;,:;';Ii';;S„„.. 
 
 ^i;- SnvV;:t;"'lu:nbMaken. i;:;;: ',::^nneration of auditors. 
 
 71. f;,nduet of nunil)(-rs. gec. 2. -Inspection of Accounts 
 
 Sec 2.- Management. ,„; individual iIkIi' "'' '"^l'^''>'''", 
 
 , , ,■ ,„... to ho lOS. Copies of annual vtun. r.nd 
 7-i. How hoard ot dirertors to DC up.. «■ ^tj,^,_^_ 
 
 hiriucd. . . 
 
 telirenioi'.t and re-clik'didit> 
 
 71. 
 
 Ti'i. 
 
 ndes. 
 ('HAPTKT{ Vlll. Pi;oKiis. 
 100. Primary charu-es. 
 
 110. Meinhcr.-A in arvear of suhscrip- 
 tions. 
 
 111. Dividends when not pas^sed b.\ 
 n transfer. 
 
 Distribution of Profits. 
 
 ,.f ilirectliv:-. 
 Removal of directors. 
 (,)ualiti(atii«ii. 
 
 Vacancies h.ow folic lu'.ed up- 
 77 Cencral i owers. 
 -s 'na directors tosumnuiTimect- 
 ' ■ iii^^s provide hooks, etc. 
 -9. To lav stateinent (.f iuvouiits jijvision of net profi 
 
 ar.dr.'t.ortbetorctheKcnerai ij-- J.^j^j, ,^,i^,,,i,,n of diMdends. 
 .0 ThnrS- "f "lectin,, and uC Capitalixation of prolits. 
 
 (oiorum of the director.-.. ciiXPTFi; IX.- Disl'lTIvS .\NI) 
 
 SI. Fines for nonattcndaace. '[."xiri '^lON oK Mkmi'-i'-HS. 
 
 i i;;:;:'!;;rnu:lin:;soyu;e hoard, n.. l.isputes-how U, he deter. 
 It A'pp.d.itn.enf of suh-commit- ^^^^ j,;;--'„,„„,„ ,„,, he ex- 
 
 ■ ' )>clled. ,, , , „ 
 
 c^^ c. Officers of the Society. 117. ]>«ynient of exiu'lied mem ici. 
 Sec. 3. Onicers ui in. j.^.;.^,, ,„is^ionof expelled mem- 
 
 8.5 Aiipointment of president. • i,^.,,_ 
 
 treasurer and secretary. , .,, . I>'I'K1' \ \i ti:K-\ noN or 
 
 (if, Duties of these othceis (H.VPIM' ■^; ,•).':"'" 
 
 S?: HHcers appointed hy the com- 111 r.-.s. 
 
 mittoe. 119. .Maiority n MUisde to n,aKc 
 
 88 \ssistants to secretary. ■ ■ 
 
 89 Peiuuueration to oflicers 
 •lb'. Security by otUecrs. 
 
 iilteralions. 
 
 Sec. 4.- Conduct of Business. ,,_,, 
 
 91. 1 loaliuK's shall ho for ca^ji- 
 <)•> I'avmeiit of moneys mtohank. 
 in rnvnient by eheciues. 
 ;.M. Seal of the society -its custody 
 
 and use. . 
 
 Hi Use of name of the society • 
 ^6. Complaints and suggestions 
 
 hv meinhers. , 
 
 97. Kiiiploymeut of mtmhcrs. 
 
 CllAPTKP XL Fiunis of 
 
 INSTIUMKNTS. 
 
 liistruiH.nts shall have the 
 
 forms lollowniL". . . 
 (D Application for admis.siou h\ 
 
 iin indivitlual. . 
 
 (•.'(Transfer between lu.'ui- 
 
 duals. ., .,, ,,, 
 
 (•5) S.'curitv hy oltU'crs will ,ni 
 
 and with surety. 
 (1) condition of bond foraman 
 
 ager or stcreki'cper. 
 
 I 
 
 I 
 I 
 
lil 
 
 lit 
 
 I 1 
 
 m..