The law of friendly societies, and industrial and provident societies, with the acts, observations thereon, forms of rules etc., reports of leading cases at length, and a copious index

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Monograph

Identifikator:: 875232663

URN:: urn:nbn:de:zbw-retromon-2698

Document type:: Monograph

Title:: The law of friendly societies, and industrial and provident societies, with the acts, observations thereon, forms of rules etc., reports of leading cases at length, and a copious index

Place of publication:: with the acts, observations thereon, forms of rules etc., reports of leading cases at length, and a copious index$gTenth edition, revised and enlarged

Publisher:: Shaw and Sons

Year of publication:: 1881

Scope:: 1 Online-Ressource (XII, 303 Seiten)

Digitisation:: 2017

Collection:: Economics Books

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264 MODEL RULES FOR A BENEVOLENT SOCIETY. mittee or general meeting shall direct; namely, in any savings bank certified under the Act of 1863, or Post Office Savings Bank, in the public funds, or with the Commis sioners for the Reduction of the National Debt, or upon government or real securities in Great Britain or Ire land (a) or in the purchase of land as after mentioned, or in the erection or alteration of offices or other buildings thereon. 2. The committee of management, with the consent of a. special meeting of the society called for the purpose, may purchase or take on lease in the names of the trustees any land in the county where the society’s registered office is situate [or in any other county where it has an office] not exceeding one acre in the whole, and may sell, exchange, mortgage, lease, or build upon the same (with power to alter and pull down buildings and again rebuild), and no purchaser, assignee, mortgagee, or tenant shall be bound to inquire as to the authority for any sale, exchange, mort gage, or lease by the trustees, and the receipt by the trustees shall be a discharge for any moneys arising from or in con nexion with such sale, exchange, mortgage, or lease. 3. Mortgages or other assurances for securing money to the society may be vacated by a receipt indorsed, signed by the trustees, and countersigned by the secretary, in the form contained in the third schedule to the Friendly Societies Act, 1875 [or if a special form be provided, in the form herein specified, or in the form specified in the schedule to these rules]. XIII.—Disputes. 1. If any dispute shall arise between a member, or person claiming through a member, or under the rules of the so ciety, and the society, or any officer thereof, it shall be referred to arbitration. 2. At the second meeting of the society after the registry of the same, five arbitrators shall be elected, none of them being directly or indirectly interested in the funds of the society ; and in each case of dispute the names of the arbi trators shall be written on pieces of paper and placed in a box or glass, and the three whose names are first drawn out (a) [Any other securities upon which it is proposed the funds. should be invested should here he specified.]

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