FOR  AN  INDUSTRIAL  AND  PROVIDENT  SOCIETY.  271
vested  in  it;  and  may  manage,  lay  out,  lease,  and  sublease ­
  (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  dispose ­
  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  convened ­
  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  transacting ­
  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