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APPENDIX I.

ABSTRACT OF RULES

PORA

PERMANENT BUILDING SOCIETY.

CONSTITUTION OF THE SOCIETY.

PAGE

185

ib.

ib.

186

ib.

1. Name of Society, how established, and place of

business II. Objects are to raise a fund for making advances to

members, and, generally, for the purposes allowed

by the Act III. Monthly Subscription Meetings, when to be held,

and (2) at what hour IV. Annual Meetings, when to be beld; notice for the

same; and (2) business to be transacted thereat V. Directors' Meetings, when and where to be held ; (2)

what constitutes a quorum ; (3) who may call a

Meeting
VI. Special General Meetings, when to be summoned;

and how ; (2) expenses thereof; (3) circulars to
state objects of meeting ; (4) Secretary neglecting
to summon to be fined ; (5) what business may be

transacted thereat
VII. Adjournment of Meetings
VIII. Notices to members how to be served; (2) when

meeting void on account of defect in notice. IX. Votes at Meetings, how to be taken; who entitled to

vote
X. Arbitrators to settle disputes ; (2) their appointment

and selection in cases of dispute; (3) arbitrators
dying, resigning, or refusing or unable to act, to

be replaced
XI. Alteration, and Rescission of, or addition to Rules,

187 ib,

188

ib.

189 PAGE

when and how to be made; (2) construction of rules; (3) questions as to, who to decide

ib.

XII. Expenses and Contingencies, members' contribution

thereto; (2) what to be used therefor; (3) when
expenses or losses exceed the amount of funds
available for the same; (4) triennial valuation of
liabilities and assets to be made; disposal of sur-
plus profit; bonus; (5) when proportions of division

of profits may be altered XIII. Society how to be dissolved

190 192

same

MEMBERS. XIV. Members, how to be admitted ; (2) to be furnished with a pass-book

ib. XV. Lost Pass-book ; (2) fraudulent production of the

193 XVI. Pass-books to be left for Audit

ib. XVII. Qualifications of Members ; (2) refusal to admit or continue a member; (3) forfeited shares

ib. XVIII. Register of Members ; notices by circular; (2) register of shares

194 XIX. Members may inspect books; and have copies of their accounts

ib. xx. Marriage of Female Members ; 'shares may be

entered in their own names, or transferred to their
husbands ; notice to be given to secretary; fines
in default thereof

ib. XXI. Bankruptcy of a Member; effect on shares

195 XXII. Lunacy of a Member ; (2) what to be done in

cases where no guardian appointed; (3) what,
where an advance has been made to afflicted
member

ib. XXIII. Death of a Member; his shares to be transferred;

(2) if more than one transferee who entitled to
vote; (3) payment of money in case of intestacy . 196

197

SHARES AND SUBSCRIPTIONS.
XXIV. Unadvanced Shares ; (a) paid up shares; (6) sub-

scription shares; (c) deposit shares; (d) pre

ferential shares; entrance fees
XXV. Subscriptions when to be received; to be paid over

to the bankers
XXVI. Certificate of Shares
XXVII. Discount on payments in advance
XXVIII. Transfer of Unadvanced Shares, how to be

made
XXIX. Withdrawai of Unadvanced 'Shares ; 'notice

ib. 198 ib.

thereof; (2) priority of previous applications for an

ib.

PAGE

advance over notice of withdrawal; (3) where inte-
rest has been allowed on payments in advance,
proportionate part to be deducted ; (4) part of a
share may be withdrawn; (5) fees on withdrawal ;
(6) shares to be paid out in rotation, or propor-
tionately to subscriptions paid in; withdrawn
shares chargeable with due proportion of excess of
losses or expenses; (7) preference of representa-
tives of deceased or insane members; (8) next to
them of realized shareholders; (9) scale for pay-
ment of shares, and withdrawal tables ; (10) fees
and fines due to be deducted from amount payable;
(11) general power of directors to regulate with-

drawals
XXX. Surplus l'unds, directors may invest, or, cause

members to take same; (2) in case of members
not attending to receive compulsorily withdrawn
shares, no further interest to be allowed ; (3) ballot
for compulsory withdrawals

198

200

201

ADVANCED SHARES.
XXXI. Advances of Money, how to be made ; (2) pre-

inium ; (3) terms for advances; (4) who eligible
to apply for; (5) additional entrance fees; (6)
member shall pay a deposit to cover fees ; (7) shall
find security by way of mortgage; (8) shall furnish
duplicate particulars of property ; (9) second mort-
gage; (10) member wishing to ascertain probable
amount of advance on any proposal security, shall
give notice; (11) when an advance is for twelve
years or more: (12) member may continue to hold

his unadvanced shares, or cancel the same
XXXII. Expenses of survey shall be paid by member;

mortgage expenses may be repaid in instalments XXXIII. Commission (if any be charged) to be appro

priated to Expenses and Contingencies; exemp-
tion of borrower from contributing any further
sums; (2) directors may allow commission to be
treated as an additional advance; (3) unabsorbed

commission may be returned
XXXIV. Advances to purchase at Auction may be made

to members ; (2) so also may advances for the pur-
pose of building ; (3) in case of non-completion

by members, the society may complete and sell XXXV. As to Mortgages. Statements to be made by

mortgagor for policy of insurance; fines for neglect
thereof; directors to inspect premises ; (2) repay-

203

204

205

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206

ment subscriptions, when to be paid ; (3) advanced
members to be bound by rules; (4) receipt to be

endorsed by directors
XXXVI. Security for Advances. Powers to be contained

in mortgage deed; in case of compulsory sale dis

count to be allowed; bankruptcy of mortgagor XXXVII. Redemption of Mortgaged Property ; notice

to be given; amount payable, how to be calculated;
redemption fee; receipt

207

210

GENERAL REGULATIONS AS TO THE SECURITIES. XXXVIII. Power to Directors to extend period of Repay

ment for advanced members; notice to be given;
how amount of loan to be calculated ; (2) mort-
gagor shall furnish evidence of the unimpaired
value of his security ; (3) commission may be
charged

211 XXXIX. On reduction of the Mortgage Debt, Directors

may discharge portion of the premises from the
security

ib. XL. Member may transfer his right to an advance ; fees

payable thereon ; (2) if member be desirous to sell
property mortgaged, purchaser must stand in his
place; (3) expense of conveyance

212 XLI. Ñember may substitute other property for the mortgaged property

ib. XLII. All mortgaged property to be insured in the names

of the society ; fines in case of neglect; (2) in
case of damage by fire what receipt to be sufficient
discharge to the insurance office

213 XLIII. Where property subject to ground rents, or other

payments, member to furnish particulars of, and to
produce receipts for, same; fines in default

ib.

OTHER REGULATIONS AS TO SHARES.
XLIV. Fines on unadvanced shares; (2) on advanced

shares ; (3) when equal to subscriptions paid, shares
may be forfeited ; (4) directors may allow advance
repayments to be deferred; (5) member's pay-
ments to be applied first to discharge fines; (6) fines
on advance repayments payable quarterly ; (7) fees
of consulting ac ary when to be arged to

member
XLV. Interest allowed on unadvanced shares may be

altered; corresponding alteration for advanced
members

214

215 MANAGEMENT AND OFFICERS.

PAGE

216 217 ib.

ib.

ib. 218

XLVI. What Officers to be appointed; their remunera.

tion, and tenure of office
XLVII. Officers to give security
XLVIII. Seal, device, custody, and use of
XLIX. Power to borrow; whom from ; to what extent;

acknowledgments for deposits or loans .
L. Directors must hold shares; when to retire; (2)

future election of; (3) bankruptcy or resignation
of; (4) appointment of chairman and deputy-
chairman; (5) one director to attend meetings for
receipt of money; in default to be fined ; (6) rotas
of directors ; (7) to inspect books; (8) renumera-

tion
LI. Surveyor ; (2) his fees : (3) and remuneration :
LII. Solicitor ; (2) his business ; disputes as to his

charges how to be settled; (3) to inspect securities LIII. Agents, appointment of LIV. Bankers ; who to sign cheques ; (2) money

received
from members to be paid to them ; (3) current
expenses of society; (4) to have custody of securi-

ties
LV. Secretary ; (2) his duties ; and fines for neglect of
LVI. Appointment of Auditors ; (2) of consulting actuary
LVII. Trustees
LVIII. Remuneration of Officers, over and above their

salaries
LIX. Officers to be indemnified against all losses, unless

arising through their own neglect
Consulting actuary's certificate

ib. 219

ib. ib. 220

ib.

ib.

221 ib.

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SCHEDULE OF FORMS.
A. Of application for admission as a member
B. Of transfer of shares
C. Of application for an advance
D. Giving particulars of property to be purchased

[Forms of conveyance, if to be in Rules].

222 ib. ib. 223

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