✨ Continuation of Legislation Text




229
of such Society or Branch shall be held, and every such Registrar
is hereby required to file and keep the said copy of the Rules and
certificate amongst the records of his office, and thereupon such
Society or Branch shall be denominated "Certified Friendly
Society," and all Rules, alterations, and amendments thereof, when
certified and registered as before mentioned, shall be binding upon
the several Members of such Society or Branch, and all persons
claiming by or under them

  1. For every such Certificate of Rules of any Friendly So- Fee for certificates.
    ciety a fee of Two Guineas shall be paid to the said Attorney
    General or Barrister so certifying, and for every Certificate of Rules
    of any Branch of such Society a fee of One Guinea, and for every
    Certificate of amendment, repeal, or alteration of Rules of any So-
    ciety or Branch, a fee of One Guinea shall be paid

  2. Every Treasurer or other person who has the custody of the Treasurer to give
    money of any Society or Branch established under the provisions bond.
    of this Act, before he shall be admitted to take upon him the exe-
    cution of any such office, shall become bound in a bond according
    to the form set forth in the Schedule C to this Act annexed, with
    two sufficient sureties, for the just and faithful execution of such
    office, and for rendering a just and true account according to the
    Rules of such Society or Branch, and at such times as he shall be
    required so to do by a Trustee or Trustees of the said Society, or by
    a majority of the Members present at any meeting of such Society,
    in such penal sum of money as by the Trustees or Board of
    Management shall be deemed expedient, and every such bond to be
    given by or on behalf of such officer, shall be given to the Trustees
    of the said Society or Branch for the time being, and in case of for-
    feiture it shall be lawful to sue upon such Bond in the name of the
    Trustees for the time being for the use of the said Society or Branch.

  3. The Trustees or Treasurer or other person who has the cus- Trustees, &c., to in-
    tody of the money for the time being of any such Society or Branch, vest fun ls.
    shall, and they are hereby required, from time to time, by and with
    the consent of such Society or Branch to be had and testified in
    such manner as the Rules shall direct, to lay out and invest such
    part of all sums of money as shall at any time be collected, given,
    or paid to and for the purposes of such Society, as may not be
    wanted for the immediate use thereof, or to meet the usual accruing
    liabilities of such Branch or Society, in the names of such Trustees
    in any Savings' Banks, subject to the provisions of Acts in force re-
    lating to the same, or in any public funds, or at interest upon Govern-
    ment securities, or on mortgage of freehold or leasehold property,
    such leasehold being for a term of years absolute, of which not less
    than twenty years shall be unexpired, or in or upon the security of
    any Government stocks, funds, or debentures, or any rates authorised
    to be levied and mortgaged by any Act of the General Assembly,
    or on any loan to any Member of any such Society on the security
    of any policy of assurance effected on his own life, provided that the
    amount of such loan shall not exceed the actual estimated value of
    such policy at the time such loan be made, and from time to time,
    with such consent as aforesaid, to alter and transfer such securities
    and funds and to make sale thereof respectively, and all dividends,



Next Page →



Online Sources for this page:

VUW Te Waharoa PDF NZ Gazette 1856, No 32





✨ LLM interpretation of page content

πŸ›οΈ Continuation of Friendly Societies Act, 1856: Fees, Treasurer Bonds, and Fund Investment (continued from previous page)

πŸ›οΈ Governance & Central Administration
16 August 1856
Friendly Societies Act, Fees, Attorney General, Treasurer bond, Investment, Public funds, Mortgage
  • Attorney General