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  Commissioners ­
  for  the  Reduction  of  the  National  Debt,  or  upon
government  or  real  securities  in  Great  Britain  or  Ireland ­
  (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,  mortgage, ­
  or  lease  by  the  trustees,  and  the  receipt  by  the  trustees
shall  be  a  discharge  for  any  moneys  arising  from  or  in  connexion ­
  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  society, ­
  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  arbitrators ­
  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.]