276 
MODEL HULES 
the first place, in the repayment of moneys borrowed, or- 
any instalment cine in respect thereof, and subject thereto 
to any provident purpose in such proportion as may be 
agreed upon at any half-yearly meeting of the society. 
[The rule may, if thought fit, state specifically the purpose or 
purposes to which the profits are to he applied.] 
14.—Officers of Society. 
At the first meeting of the society, after its registry,- 
there shall be elected by a majority of the members then 
present persons as a committee of management, a 
treasurer, secretary, and two auditors, who shall all con 
tinue in office until the general annual meeting of the 
society, unless previously removed by a resolution of the 
majority of members present at any meeting called for 
that purpose ; and at every general annual meeting 
of the said committee shall go out of office in rotation, and 
others shall be elected in their place ; and at such meeting 
a treasurer, secretary, and auditors shall be appointed for 
the ensuing year, or in failure thereof the officers last 
appointed shall continue to hold office ; and if any such 
officer dies or is removed previous to such meeting, the 
said committee shall appoint a person to fill the vacancy. 
All retiring members of the said committee or other officers 
of the society shall he immediately re-eligible. The 
officers of the society shall receive such remuneration for 
their services as shall be agreed upon at any general annual 
meeting. 
Every person appointed to any office touching the receipt, 
management, or expenditure of money for the purposes of 
the society shall, before entering upon the duties of his 
office, give such security as shall be deemed sufficient by 
the committee of management, 
15.—Management. 
The business and affairs of the society shall be conducted 
by the committee of management, who shall have the 
control of all business carried on by or on account of the 
society, the determination of the persons to be employed 
therein, the rates of payment to be made for work or ser 
vice done on account of the society, and the appointment 
and removal of the salesmen or other officers necessary for 
conducting the business, and may assign to any such 
officers such duties and salaries as they think fit, subject to 
the approval of the half-yearly meetings.