Full text : 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

272

MODEL  RULES

requisition  in  writing  of  any  members  sent  to  thesecretary,
  stating  therein  the  purpose  of  such  meeting;:
and  six  clear  days’  notice  in  writing  shall  he  sent  to  the
address  of  each  member,  specifying  the  time,  place  and
objects  thereof;  and  at  any  such  meeting  no  other  business
can  be  transacted  than  the  business  specified  in  the  notice
convening  it.  Each  meeting  shall  choose  a  chairman,  whoshall
  be  one  of  the  said  committee,  if  any  are  present,  who,,
if  at  any  meeting  the  votes  are  equal,  shall  have  the  casting ­
  vote.  All  questions  shall  be  decided  in  the  first
instance  by  a  show  of  hands,  unless  five  members  present
demand  a  ballot,  in  which  case  a  ballot  shall  be  taken,  but
no  proxies  shall  be  .admissible.  Each  member  shall  have,
only  one  vote.
5.  —Making  or  altering  Rules.
That  no  new  rules  shall  be  made,  nor  any  of  the  rules
herein  contained  or  hereafter  to  be  made  shall  be  amended,,
altered,  or  rescinded,  unless  with  the  consent  of  a  majority
of  the  members  present  at  a  general  meeting  of  the  society
specially  called  for  that  purpose.
6.—Registration  of  Shares.
A  share  register  book  shall  be  kept  by  the  secretary,,
in  which  shall  be  entered  the  following  particulars  :—The
Christian  and  surname,  place  of  residence,  profession  or
business,  and  date  of  entrance  of  each  member  of  the
society,  the  number  of  shares  held  by  each  member,  with
the  number  and  value  of  each  share,  the  date  when  the
member  became  such,  and  the  date  at  which  he  ceased  tobe
  a  member  in  respect  of  any  share.  If  several  persons
are  registered  as  joint  holders  of  any  share,  any  one  of  such
persons  may  give  effectual  receipts  for  any  profits  payable
in  respect  of  such  share.  [All  transfers  of  shares  shall  be:
registered  in  a  similar  way.]
7  (a).—Transfer  of  Shares.
Shares  shall  be  transferable  [or  as  the  case  may  he.]
Any  member  may,  with  the  consent  of  the  committee  of
management,  transfer  all  or  any  of  his  [transferable]  shares
to  any  other  member  of  the  society,  or  to  any  other  person,
upon  giving  one  calendar  month’s  notice  in  writing  to  the
secretary,  such  notice  to  contain  the  Christian  and  surname,
(a)  This  rule  is  to  be  adopted  only  if  the  shares  or  some  of
them  are  to  be  transferable.
            
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