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The following diagrams illustrate the method: Les cartaa. planches, tableaux, etc.. peuvent Atre fiimAs i des taux da reduction diffArents. Lorsque ie document est trop grand pour Atra reproduit en un seul ciichi. il est filmA i pertir de Tangle sup^rieur gauche, de gauche i droita. at de itaut mn ba^K^an prenant la nombre d'imegea nAcassaira. Las diagremmes suit^ents illustrent la mithoda. ^ 1 »2 3 1 6 '^^i»«i*ir J- $'^ *A^a " ;i;^ j( s^ > / RULES L OF tHE ■ J\^«ijV[^«jj3"'^''^933*'''^^^ « ' Incorpo<«'ated and Enregistered according to Act of Parliament, Cap. 69 of tiie Consolidated Statutes of Lower Canada, aStti July, 1887. ■ K , MONTREAL: ■WITNESS" PRINTING HOUSE. 821 ST. JAMES STREET. ■s i T. i 1 t • ,# ■ i / i o ■ -. ■■■ ?'. ^"5 1 / ^ • ■ " ■^--^^. ■ i-^— am fe; ' * •W"'' ■ • '' ■'^^.■s:-. * J ' MfiL. S tt -ii,'^* 1 (^ '>^^ ^A ^fe4^s^i^j.S.u4 ^^ ...• ,V, iS'wAi ^tettl._ "' ^ - Si.l. '.;. ^ RULES. Rule 1.— The Society shall be called " The Rotal Mutual Building Society," and is incorporated under cap. 69, 0. S. L. C. RtLB 2— The object of the Society is to afford to its members facilities to become proprietors of houses and other retd estate, within a radius of lif teen miles of the General Post OfiBce, Mobtreal. Rule 3. -The capital shall be 6,000 shares of $200.00 each. This may be increased, aV provided by chapter 32 V. 42 apd 43, section 2. No member shall hold less than five, or more than twenty shares •on any one registered account or number. Upon obtaining an appropriation either by ballot or sale, each share his book represents shall entitle a member to draWtwo hundred dollars from the funds of the Society, repayable according to Rule 25. Sixty-two dollars and fifty cents subscriptions shall be chargfed for eacn two hundred dollars advanced, and payable in accord- ance with^ruled 21 and 25. ILLUSTRATION: In the case of ^ member, at the close of the second year's opera- tions, obtaining an appropriation on a ten share book, his account would read : — Due the Society for Loan 92,000 00 Due the Society for Subscriptions $625 00 Less two years paid » . . ,y 52 00 ^ 573 00 TiUe. Object «2;573 00 ■-5J3 b a - return of appropriation falls due . . 300 00 1 Payment of $13.00, 3 months after the last of the above 6 payments falls due 13 00 -$ 573 00 $2,673 00 OkpitftL I Thereby enabling a member to obtain'^ ■JM n ing m oit th a fe>!Pa4ftte rftoaa . . Number of ■bares to one scoount. Subaoriptiona chargeable. 9 This would be written oflF as follows : '40 Quarterly Returns of appropriation. . , . ^? $2,000 00 SUBSCBIPTJjON TiCCOUNT. 40 Quarterly Payments of $6.50, 130 Pay- ments of $2 00, or 520 payments of 50o . . . . $260- 00 6 Quarterly Payments of $50.00, the first payable 3 months from the date the 40th lUuBtration. '<3 lis discharge eleven yeara '9 -*Sp^:I" ..iA^S-A.,-* I ?*.*.V A'-.-^-Jl' Vii, « -liTA ilj'h. .',H*i«j«iA''S!; f'^'n^rjii !^^t«Kt.ii^^4»^^ Entrftnoe fM. Oonditiona of < > RcLB 4.— The entrance fee shall be one dollar for each account or number, and admiBsion to memberihip shall be by a majority vote of the Directors, and no member shim have the right to trans- fer his shares without the approval of the majority of tne Directors. ^dii;iilo^lrftor ,_ Subsequent ^to August 30th, 1887, admission to membership 30th August, 1887. "»*11 •» >» accordance wi|;h either of the following conditions:— BubMriptions 1st The amcront of suWriptions due from the 13th April, 1886. to be paid in fuU. ^f^ jhe date of admission to be paid in full. Bubflcriptlons 2nd. The amount of subscriptions due from the 13th April, 1886, iiSS'^A*^ i^t ^ *"y *'*** "P '° ^^^ ^^^ August, 1887, inclusive, including fines at 3%h Aurait 1887 *^® '■**® ®? one cent per share per week, may be registered until an may be regis- appropriation is obtained from which the sai^ arrears, together tered. with the fines thereon, shall be deducted. Rule 5. — The subscriptions are five cents per share per week, payable for the term of 1,250 weeks, dating from the 13th April, 1886. I' 4 Dues. meetings. Fines on arrears. Dislraealof funds. Annual mtetingw Auditors. Management. Directors. President Vice-President ~~ Trustees. Quorum. m Rule 6. — The' subscriptions are payable only on Tuesday ._ every week, between half-past seven and half-past nijie p'clock in the evening, 'At the Society's place of meeting ; but in case of any holiday iallitig on Tuesday, the subscriptions shall be payable the next legal da.f^ If the subscriptions are not paid when due (every Tuesday) a fine of oneb cent per share per week, after one week's grace, shall be added to the suDscriptions, and the payment of arrears cannot be received without the fines, unless nie member pay as many weel^ subscription in advance as he may be in arrears. The\(tinds of the Society shall be used : 1st, to pay the working expenseii. 2nd, to grant appropriations to members as provided' by the Rules. Rule 7.— The financial year will close on the 31st March, and the Annual General Meeting of the Society shall be held on the fourth Wednesday in May, for the reception of the Report of the Board of Directors for the previous year, the election or re-election of Directors and three Auditors for the ensuing year, and the transaction of such other business as may be then submitted. Rule 8.— The general affairs of the Society shall be conducted by a Board of Directors, who shall meet at least once a month, on the second Wednesday or any other day, and at such hour as may be determined upon. Rule 9. —The Board of Directors shall be composed of eleven members, five and six of whom shall retire alternately from ofBce each year and be eligible for re-election. The President and Vice- President to be chosen by the Directors from among themselves. The Directors so elected shall, at any of their regular meetings, appoint three Trustees who shall be exc^cio members of the Board iti addition to the eleven Directors. Five members of the Board, inolading the Praaiden t) ah^l fprm ja r^i^ nr^yp, ^^ ^^^^ _ **«e ifs-ii ^ii!S&v^^^J«^'i>j;,i> Tliere shall also be appointed by the Board a Secretary-Treasurer, a Notary, on Advocate and a Valuator, whose respective appoint- ments shall be for one year, or during good behaviour, and with such remuneration as the said Board shall deem adequate for the services rendered by such persoon. An additional Valuator shiJl be selected to act with the official Valuator in each examination made. RVL« 10.— Any member of the Board being more than thirteen weeks of subscriptions in arrears, shall thereby De diaqualified to act as such,- and any Director failing to attend the meetings of the Board for three successive months, unless prevented by illness or other unavoidable cause, shall cease to be a Director. Any vacancy of the Board, from any cause whatever, or any office becoming vacant between the annual meetings, shall oe forth- with filled by thb Board at An ordinary monthly meeting. '^ ROLB 11.— The Secretary-Treasurer shall, before entering upon his duties, give security to the satisfaction of the Board. His dutie* shall be to receive and disburse all moneys belonging to the Society and keep a correct account thereof. He shall tiJce into his care, and be responsible for, all the books of the Society. He shall attend all subscription and all business meetings of the Society and shall take minutes of all such meetings. He shall see that all properties, which are mortgaged or owned by the Society, are insured in com- pliance with Rule 19. He shall immediately after the granting of an appropriation call the attention of the member getting such, to the various rules affecting the same, so that no unnecessary time may be lost before the monev is invested. He shall opive to eveiy such member the form which is provided by the Society, and shall impress upon the member not to delay in filling it up, as such form is necessary for a correct valuation. He shall see that all cheques before being cashed are signed in compliance with Rule 13, He shall present a monthly cash statement at each board meeting and all accoimts against the Society. He shall also report all mem- bers who are in arrears of subscriptions more than three months, and all who are in arrears of returns of appropriations more than six months. He shall carry on all corresi>Maden<3e on behalf of the Society, and keep a co^y thereof, and wmt report at each BoaM meeting any event of importance in ooMP^tion with the Society that may have transpired since the^former meeting.. He shall also submit the reiJorts of the Notary and Valuators. Any member being desirous of examiiiiing the books or papers of the Society may do so by ^ving the Secretary notice of his inten- tion in writing; but anjr inspection must be in the presence of either the President, Vice-President, or one of the Trustees, and must take place at the Society's place of meetiiig, at such a time as may be convenient to the officers of the Society, within fifteen dajrs after the member has made his application for an inspection. Should more than one application be made, the members shidl make their examination in rotation, No abstract or copies from the Society's b >oks shall be taken without the consent of the presiding officer. In the event of all the Officers named above having refused to serve at this inspection they shall forfeit their office. '^flsorstary- TreMorer. Notary Advooata. Valaatora. Direotora dl«iu»Ufled. n. ■i Filling TAoaaciea. Duties of Becretary- Treasurer. Examination pf booliB. -*^-l ■/.;*' f.^^ £(. J-~ W «^ ^ -y-'^iZijiVi ■ \ Direoton* Mteiidanoe ■jt ineetingi. V. Bank. Cheques. Bu)U Duties of Trustees. 6 , RcLl 12. —The Secret^ry-Treamirer and twp Direotoni in rotation ' Bball attend every Tuesday, exce^i^it be a holiday, when they •hall attend the next legal day, between ' half-past seven and ^alf-past pine in the evening (or on such other day or hour as may be ap- tx)inted hy the Board) at the Society's place of meeting, to receive subscriptions, returns of appropriations, or any y other payments Chat members may have to make \ and in case of non-attei^dance of anv Director in his turn, he shall be fined one d~ollar each time, unless he sends an,, efficient substitute, being a member, to take his place on such bcowiions, oif unless he be prevented by illn^s, or other unavoidable cause. ^ Rdlk 13.— The Secretary-Treasurer shall ttebosit in any Qhiur- tered Bank in Montreal th&t may be selected by the Board, to the credit of the Society, all moneys ^hich hi shall receive on behalf of , ■ the Societv, within twenty-four hours after their receipt, and the ^ Trustees snail inspect the bank book once a week. > Cheques to draw airjr money from the baidc must be signed by the President and two of the Trustees and .countersigned by the' '' Secretary'Treasuirer. Rdlb 14^— ;In ^ase it shall be necessary or expedient to bring or defend any autioii, suit or prosecution, criminal as well as civiT, in law or in equity, touching or concerning the property or dssets, rights or claims, of this Society, or touching or concerning the ' breach or non-performance of any of the articles, matters and tnings herein contained, the same shall be brought or defended by or m the corporate name of this Society, but no such proceedings shall be taken or, defended without the. approbation of three-fourths of the' members of the Board. « Rule 16.— The Trustees and all officers of this Society shall be chargeable only for such moneys as they shall respectively actually hav^ ireoeived on account of this Society, notwithstanding their joining in or signing any receipt or receipts for the sake of con- formity, and shall not be answerable the one for the other or others* of thenu Nor shall any Officer be answeralt^le for any loss which may happen to the Secie'ty, unless the sAitie shall happen by, or through, his own act or default. In case the Trustees appointed as hereinbefore mentioned, or any, or either of them, or any (uture Trustee or TVustees to be appoin^ted ^ hereinafter mentioned, or the survivors of them during tiie con- tinuance of the Society, shall die, become desirous of reqigining, or be discharged from, 6r become incapable of acting in the trusts In him or them reposed by these Rules, or be guiltv of any gross neglect or improper conduct, of which the members of the Board of Directors, assembled at a inonthly or special meeting, shall be the judges, or sh^U remove to a distance of more than five miles from the place of iteeting, (unless he (k they shall have a place of bdlbiness, or be frequently witUn the said distance of five miles from the place of meeting) or become insolvent or tkankrupt, the Secretary of the Society for the time being, on receiving notice in writing from any member of the Society, j)r having himself knowledge of such death, X V* *&1 -/'*,^S l^jlt # rotation ley shiUl laif-paat y be*p- I receive tymento lance of h time, take Kis ne^ or I, to the ehalf of i and the ^ Ibythe ^. by the' >nnff or ciriT, in dssets, ing the I tnin^ »y or in ihall be I of the' hall be ctuall^ p; their of con- • others * I which by, or or any. >oii^tea hecon- |if,orbe )n him ^lect or 'ectors, S;e8, or ace of or be •lace of of the tm any death. r, Ai: desire; incapacity, ite^^t, improper( conduct, renioval, bankcuptoy or insolvQncy, Bnall report the same to the Board of Direotun at their first (r^erular or special meeting, and when any complaint is made againstany of the Trustees, such person ^complained against shall- have nd^vm from the Secretary a reasonable time before such meeting of~the Board of 'Directors, and the members assembled at such mt^ting shall hear and determine the suluect matter of such notice, abd may thtTrefore remove any Trustee OL Trustees, a,pd in such case shall proceed at enoe to elect and appenit tf new Trustee or Trustees, in heu of' the Trustee or Trustees so dead or removed ; apd when and as often as any new Trustee or Trustees shall be so appointed, |he Trustee g/Trustees so remov^^shall cease to-be a TrustQB or Trustees, and shall be incapable o( acting as such after the appointment of a fresh Trustee -tii- Trustee has been,xtuly enrolled ; but the continuing Trustee or Trustees' foir the time being, and such newly appoin^ Trustee or Trustees shall have the same powera, and be vested with the Haine trusts, as shall by virtue of these Rules xlevoWe on, or become vested in, the said Trustees, to be appointed as specified in Rule 9, and on request the estate and interest, money securities, and funds belonging to the Society, shAtl be HO assigned and trandBferred when necessary, as to vest in such continuing and newly ai^winted Trustees, at the expense of the Society. Provided always that, in case x>f Any Trustee beinff removed and a new one appointed in his stead, siich removal shall not operate to his prejudice as a Member of the Society, so long as he shkll think proper to continue tBereiH, and to conform' to the Rules and Regulations thereof-: and upon such Trustee or Trusts' death/ or removal, all and every deeds, papers and^ther property 'beloiufing tothe Society, in custody or possession of such deceased or removed 'nristee, shfJl be demanded by the^ecretary Treasurer for the time being, for and on behalf of the continuing and newly appMnted Ti^usteM ; nad if the same be withheld, or in case of ref u&l to tnuisfer his esuite and interest^in any propertyigfiven as security. Of mortgaged to the Society /by the representative of such deceMed Trustee, or by such removed Trustee, the party or parties' so with- „ holding or ref usinj^ shall cease to be a member of tne Society, and forfeit all the money he or they may have paid to the Society, and all interest or' share of the assets thereof, an^ shall Be compelled by all legal and equitable means to give up and transfer the same. RCLB 16.— AH writings or securities to «nd from the Society shall be made out in the name of said Society, su^ed by the Presi- dent (or in his absence by the Vice-President) tBe Trustees and Secretary-Treasuren copies of which deeds ^shall remain in theroare of said Secretary-Treasurer^ or shall Iw lodged in a box having three different patent locks and keys, one of ,such keys to be hem by each Trustee ; and such box shall hedeiKMfted with the Bankers in the names of the Trustees of the Society, or with such other person, or person's, or place, as the ofipicers of the Society shall appoint for safe custody. \ RIH.K IZ.-yIn the event of a member dying, his heirs, adminis- trators or assigns, will enjoy each and every advantage sueLm'ember was entitl ed to, after t^r have proved to the Boar4 of Directors Duties of TruatMa ContiHued. Deeds. DeoMued membeis. T ■^ . •■■ y -m^ p. /"' ^ r>. i . 8 Register. Xotioes. ^ their fight ; nevertheless only one heir, administrator or assign shall vote. The Board shall have power to pay to the legal repre- sentative or representatives all moneys, less ' working or other expenses and fines, that may have been paid iiito the Society by such Wember ; all such moneys must be applied for in writing, and shall be paid within such time after the decease of suoi member as may be provided by law. RuLl^ 1^— 'The Secretary shall keep a register in which he shall require every person admitted as a member of the Society to write* in jull, or cause to be written, his name, profession or trade, ' and place of abode. As often as any member shall change his place of abode, he shall within one month thereafter,' give notice thereof to the Secretary in writil!^ ; and all notices, (except as provided by Rule 30) addressed to members according to the last entry in tne^ Roister, shall be deemed duly served by putting the same, prepaid, into the Post Office, four days previous to any Meeting, or otherwise, for which such notice is sent. - RuLR 19. — In Case any member neglects to insure property pledged to the Society in accordance with the Rules, the Secretary shall, uiider the directions of the Officers, insure or cause to be in- sured from loss by fire all such premises belonging to or pledged to the Society, in the name of this Society, ,and continue such insurance from time to time, for such amount as the Directors may deem necessary and proper, and the amount paid for such insurance shall be advanced out of the Societ;^'s funds ; but the money so expended shall be refunded to the Society witmn one month of the time of payment having been made, under a fine not exceeding one per cent, per week for every week exceeding the month, until such insurance money be repaid, ^whenever any property belonging to this Society shall sustain an^ damage by nre the Trustees and^ecretary- Trea^urer for the time being shall receive the amount qffhe damage so sustained, from the Insurance Office in which such property shall have been insured, and give a receipt for the same, which receipt shall be a sufficient discharf^ to the person or i^rsons liable by virtue of any policy or policies of insurance to pay such money. The money so received shall, if the Directors deem it expedient, be expended in repairing the damage sustained ; but if the member requires it, the whole of the insurance money shall be paid to him, on ms giving satisfactory security on real estate, for po much of the original amount of the appropriation as remains unpaid. RniiB 20. — ^Whatever number of shares a member may have, he shall have but one vote on each registered number. No voting by proxy shall be allowed, except in case of women and fildren who may be represented by husband, father or guardian. Appropriated RuiiK 2L — A fuember obtaining an appropriation for any shares exd^Li *^'^^ ^ exclud«d^ as far as such sliares are concerned, from all „from fitS* fwtwe appropriations, and shall continue to pay his week ly sub^ approprtfctloBi ^wription s r egu hu ^^ gnfajecT to Rule B.^dtiring' the ^^Bole tiiaae / Inauranoe. Voting ' ?*♦ V I', (^ ■•Il.&u'^^' -. Kt^jt* .i^v^ ^ij^ %\^ K'^'^'yv. . .. ff "■ ....«<3. V ;.. ff ^Ap be, shall be ottFweek previous that he is paying the return of the appropriation; and after having paid for all the returns of appropriation, he shall con- tinue to pay in accordance with Rule 25, in respect of that por- tion of his subscription which shall remain unpaid, for any share or shares in respect of which an appropriation has been obtained. RcLK 22.— A borrower shall have no fiurther voice, interest or benefit in the Society from the date upon which his last payment falls due, as shown by the illustration in Rule 3. RcLB 23.— When the finances of the Society are, in the opinion of the Board of Directors, sufficient to justify them in the declara- tion of an appropriation, they shall declare one or more, if th6y deem it expedient to do so, and notice of the time fixed for such appropriation to be drawn, or sold, as the case ""^ ' ■ •■ • posted in the Society's place of meeting, at least to such ballot or sale. Rule 24.— Appropriations are granted by ballot, and by sale'^to the highest bidder, alternately. The mode and conditions of awarding appropriations by ballot or sale will be regulated by the Board. Thbpremium paid by members purchasing appropriations goes to the General Fund of the Society. The Directors may declare more than one appropriation to take place on the same day or evening. Should it be advisable or necessary to declare appropriations, and should there be no Board meeting for want of a rnionim, or for other reasons, the President, or in his absence the Vice-President and Secretary-Treasurer, may declare such appropriations and give notice thereof, provided there are sufficient moneys ready for that purpose. RcLK 25.— A member having obtained an appropriation, shall, before he can receive the amount thereof, givd security to the satis- faction of the Board of Directors, by a first mortgage on real estate. The amount of such appropriation will be refunded to the Society at the rate of ten per cent per annum by monthly or quarterly payments as may be most convenient to the member. When the whole advance shall have been repaid, he shall continue at the rate of ten per cent per annum on the amount advanced until such time as lie shall have paid the whole amount pf sub- scriptions due the Society as stated in Rules 3 and 5. The p^ment of returns of appropriations in all cases will date from the first Tuesday after the money, or any portion thereof . is advanced to the member. The following shall be the routine of a member obtaining an advance. He shaJl obtain a form from tlie Secretary which he shall fill up with the full particulars of the property. It shall then be given to the Valuators who shall inspect and give their report tliereon jQ^tbe Secretary withm seven days from tha rwnaipt thereof • if ifar Balance of aubaoriptions. Borrowers. When appropriations may be declared. Ballot and sale v alternately. v Conditions. Pr^um. Vice-President "* and Secretary- Treasurer may declare appropriations. U^ Beonrity.- i;] L Date of first return. Sontine. jM^iOA oeore tar y wiMun se ven d ays from the r e o o ipt th eta of ; if ifa» report of the Valuators be unfavorable, the Secretary shiJl call a 'H^ 10 Routine Continued meeting of the Board and such meeting shall call upon the borrow- ing member to submit other and more suitable property. Should the Valuators deem the property of sufficient security, theJfotary shall examine the deeds of the property and report thereon to the JBoard, and, if approved, the Board of Directors shall call upon the lYustees to sign for the amount which the Valuators mAy consider the said property to be worth. If the property be worth less than u if'?^""*- j^ *^® borrowing member's appropriation, the surplus shall be paid to the member on his giving satisfactory proof to the Board that its value has been expended in improving the ^ purchased prpj)erty, or giving sufficient se ut of the he proper f the mem- ) complete Banker's, ;he Board, I by, sale ; riod^ said her meet- lember in « iptions in nation by by ballot opriation, ig to (five t he may lall, after of appro- US appro- member ibers are nne year tors shall priations, itount of a allowed extended ppropria- .11 pay a For every »f appro- bors shall BBsary to i Amending or repealing rules. RoLK 29.— Members holding less than twenty shares on any one book, may increase the number of shares on said book up to but not exceedmg twenty, within ten years from the 13th April, 1886, by paying all arrears, as provided by second clause of Rule 6. Books cannot be increased which have obtained appropriations. Rule 30.— A General Meeting of this Society may at any time be convened Iw public notice, written or printed, signed by the President or Secretary, in pursuance of a requisition for that purpose signed by not less than one half of the members, which requisition shall state the object for which the meeting IS called and shall be addressed to the President or Directors • General meeting whereupon each member shall be notiSed of such meeting and the purpose thereof, through the post-office or daUy press, or both, at least Bfteen days previous to such meeting taking place ; but three-fourths of the members present at such meeting must concur m such object. RuLESL^New rules may be made, or old ones amended, or repe^ed, at the annual general meeting of the Society, provided members are notified that such new rules are to be enacted, or old ones amended, or repealed, at least fifteen days previous to such meeting takmg place, but three-fourths of the members present must concur. Rule 32. —When the last appropriation shall be paid to the member obtaining the same, the Society shall call in all arrears of subscriptions and returns of appropriations, and no further returns of appropriations shall be called beyond the time said last appro- priation is made up, and the Society shall be wound up ; the arrears coUeqted shall be divided among the meinbers pro rata. Rule 33.— Any member wishing to withdraw from the Society wiU be allowed to transfer his stock therein to any person or persona whomsoever, in accordance with last clause of Rule 4, on makmg[ a proper and formal assignment thereof, duly attested by two witnesses m the transfer book of thei Society, and the said transferee shall be subrogated in aU the rights, privileges and obhgations of the said transferer. Members who shall fail to pay subrenptions for one year shall, upon due notice being given by the Secretaiy, forfeit aU moneys and interest in the Society. S^ chapter 69, C. S. L. C, section 16. Should any member, by any unforeseen cause, become unable to pay the regular weekly subscrip- tions, he may submit his case in writing to the Board, who sh^ have power to purchase the shares of the said member, or suspend the payment of subscriptions ; but in no case shall a suspension be granted for a longer penod than one year. This Rule cannot be applied to any book which has obtained an appropriation. Any member taking advantage of this rule, in having his luba mption auapgded, jshaUjotJ^^e ^^^ i'i'LJlH^U?^ during auoh Final appropriation. Withdrawals. Forfeiture. Direoton may purchase books, or suspend sub~ scrtpUons. BOBpaUlOB DaJiifi Sj^'SiH <" '•c"^'""* &> . -v 12 • I ■ RuLB 84.— Whenever there shall be no denumd for the funds and there OM be to \he credit of the Society a W^LSS to Burpiu. ranoi. powerecf to lay out and insert the same in the name of the SciX m such lawfuf manner as the said Board may deem most ben^S and«juaUy»ecured»safirstmortKage. -SteChaptSSTc. aSa, AppUoation. •tnS^^iS'lw **** P>»ctical appUcation of these rules, and aU ppuoation. «nien4ment8 ihat maAereaf ter be made thereon, the interpretation of the Directors shall be accepted, but a member may apSfrom their decision to a General Meeting. »ppeiu irom \ 4* • \ ''^ ^» ■\- i^ 5- ; ..A.--"- L ^ , * ^f. , -^ik-. ■ . |,3- ^Jfc^-h- i^^^y- ^^^'■iv- j ■■ r> .y. gMB^^'-' 1 — --^-«*f- ^p> V ■ , • - ■P'V _ » ^^ i i,,'^ • /-^ .' -!»■ V '.. ■"■^J - * i/*'' L. " • •^ >Aa^ i ,5% ■*^l.':-','*'--t'«'''f;'.-: ■-t*",'^'>' ('.iiltiAfi ^ l*^\ ^k ' t i \ X ^^ % \ :.^y € /' ■•■.^ ,. ;. Jv ryfr— ■» ^''''t<^. ■3 tm