FOR AN INDUSTRIAL AND PROVIDENT SOCIETY. 271 
vested in it; and may manage, lay out, lease, and sub 
lease (whether at rack rent, on building, mining, quarrying, 
•or improving leases, or otherwise howsoever, and whether 
to members of the society or other persons), and may dis 
pose of and sell from time to time, whether to members or 
other persons, any lands or buildings for the time being 
held by the society; and the purchase-money, rents, and 
other moneys to be received in respect of any lands or 
buildings shall be appropriated as the members direct; and 
the society may advance any moneys to members on the 
security of real or personal property. Mortgages to the 
society may be discharged by receipt endorsed thereon in 
the form in the schedule to these rules. 
4.—Mode of holding Meetings.—Voting. 
The half-yearly meetings of the members shall be held on 
the first day in the months of and in every 
year; the meeting held in the month of shall be 
considered as the general annual meeting. The meetings 
shall be held at the registered office of the society, or at 
■such other place as any half-yearly meeting shall determine 
■on. No meeting of the society shall proceed to business 
unless at least members of the society, entitled to 
vote thereat, be present within one hour of the time of 
meeting, otherwise such meeting, if it be the ordinary 
annual or half-yearly meeting of the society, or a special 
;general meeting convened by the committe of management, 
shall stand adjourned to that day week; but if it be con 
vened by notice from the members, shall be absolutely 
■dissolved. But any general meeting may adjourn from 
time to time for any period not exceeding clear 
•days, and no meeting shall be rendered incapable of trans 
acting business by the want of a quorum after the chair has 
been taken. 
At every half-yearly meeting of the society a general 
statement, signed by three of the said committee and the 
secretary, showing the transactions of the society during 
the past half-year, its present condition and the state of its 
affairs generally, and the auditor’s report and balance-sheet, 
shall be read to the society, and the books and accounts 
■and the statement of accounts audited and approved by 
the auditors, shall be produced for the inspection of the 
members, and such other business transacted as may be 
■deemed proper and expedient. The said committee may of 
their own authority call a special general meeting at any 
time, and such meeting shall also be called upon the