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The Pamphlet Collection of Sir Robert Stout: Volume 16

Solicitor

Solicitor.

30. A Solicitor or Legal Agent shall be appointed by the Directors, who shall examine the title deeds of all page 12 property offered as security to the Society, and shall in all cases render to the Directors a report in writing whether such titles be deemed by him to be good and sufficient for the purposes of the Society. He shall prepare all mortgages and other instruments in favour of the Society; and the cost and charges of, and relating thereto, and of any investigation of title connected therewith, shall be paid by the Member requiring the advance, or deducted out of the money he may be entitled to receive for any Share or Shares in advance, in the manner hereinafter prescribed.