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The Pamphlet Collection of Sir Robert Stout: Volume 46

Appendix II. — Rules and Regulations of the Shetland Fishermen's Widows' Relief Fund

Appendix II.

Rules and Regulations of the Shetland Fishermen's Widows' Relief Fund.

1. That this Fund shall be called The Shetland Fishermen's Widows' Relief Fund, and its registered office shall be in Lerwick, in the County of Zetland.

2. That the object of this Fund shall be to assist and relieve the Widows, Children, and other Dependents of Shetland Fishermen, left destitute by disasters at sea.

3. That the Fund shall consist of (1) the balance remaining over of the Fund raised for the relief of the families of the Fishermen lost in the gale of 20th July 1881. after providing for the distress occasioned by the calamity; (2) contributions, donations, or bequests; (3) subscriptions of life and annual Contributories; and (4) interest or income accruing on said Fund, and unexhausted or unappropriated during the year.

4. That it shall be administered by a Board of Directors, consisting of nine members, to be elected by the Contributories, and three ex officio members, and that at all the meetings of the Board three shall be a quorum. That vacancies occurring in the Board during its tenure of office shall be filled up by the remanent members thereof. That no Contributor shall have, by reason of his contribution, any right or claim to any benefit or participation in the Fund, which is hereby declared to be purely charitable; but the control and administration of the income and capital thereof shall be and subsist in the said Board of Directora, who shall alone have the power to deal with applications for relief.

5. That the ex officio members of the Board shall be the Sheriff-Substitute of the County, the Convener of the County, and the Chief Magistrate of the Burgh of Lerwick.

6. That three of the elected members of the Board shall retire annually, but shall be eligible for immediate re-election. The first annual meeting for election of Directors shall be held at Lerwick on the Seventh day of December, 1881, at which meeting nine Directors shall be elected by ballot, and the order in which these Directors shall annually retire from office shall be determined by page 12 the number of votes given to each—the three lowest in number retiring first, and so on in this order; and in case of equality of votes, the Directors shall, at their first meeting thereafter, determine the order in which such Directors shall retire. That the Board of Directors shall, in all cases, remain in office till their successors are appointed.

7. That the Board of Directors shall annually elect from among themselves a permanent Chairman and Deputy-Chairman, who shall preside at all meetings of the Board, and at the annual meeting of the Contributories to the Fund. In the absence of the Chairman and Deputy-Chairman, the Directors or Contributories present respectively may elect a Chairman. At all meetings of the Board of Directors or Contributories, the Chairman shall have a casting vote.

8. That the Board of Directors shall annually appoint, upon such terms as to remuneration, or otherwise, as they may think fit and proper, a Secretary and Treasurer, who may be one and the same person. The Treasurer shall annually, on or before 1st December in each year, make up a general state of the Fund, showing the capital and revenue accounts as at 11th November previously.

9. That the Board of Directors for the time being shall have power to elect a Patron or Patrons, and to fill up vacancies in that office as the same may arise.

10. That the capital sum of the Fund, which, it is declared shall in no case be encroached upon,—except in so far as it may be necessary to do so to meet any deficiency in the sum appropriated to the relief of the families left destitute by the disaster of 20th July, 1881—shall be invested in the names of three Trustees, who shall in all cases be elected from the members of the Board of Directors, and who shall be appointed at the first annual meeting of the Contributories to the Fund, and vacancies shall be filled up at any subsequent annual or special meeting thereof. The foresaid Secretary shall have powers to sue implied by or conferred on Trustees or other officers of Friendly Societies by the Act 38 and 39 Vic., cap. 60.

11. That the Board of Directors shall have power to enter into an agreement with the Shetland Relief Committee to take over and administer the fund raised for the relief of the dependents of those lost in the gale of 20th July, 1881, on such conditions as may be agreed on by parties.

12. That the monies of the Fund shall be invested only in the Government Funds, or in unexceptionable Heritable Securities in Scotland; but until or while any portion of the Capital is uninvested, it shall be competent to deposit the same in any Bank of issue in Scotland.

13. That all persons shall be considered Contributories to this Fund, and shall be entitled to attend and vote as such at the meetings of the said Contributories, who shall either (1) contribute the sum of Five pounds sterling as a single and Life Payment to page 13 the Fund; or (2) subscribe Five Shillings or upwards annually towards it. Annual members shall be entitled to vote at any meeting prior to and inclusive of the first Annual Meeting subsequent to the payment of their subscriptions.

14. That there shall be an Annual Meeting of the Contributories to the Fund as soon as practicable after 1st January in each year after the year 1882. on a day to be named by the Board of Directors, of which due notice shall be given by advertisement in the local papers or otherwise, as may be determined upon by the Board, and at which meeting the vacancies in the Board of Directors shall be filled up: the Directors shall produce a Report of their proceedings during the preceding year, and the Treasurer his annual account, duly audited, as hereinafter provided.

15. That the Treasurer's Accounts shall be duly audited once a year by one of the public auditors appointed under the Friendly Societies Act, 1875.

16. Special Meetings of the Contributories shall be called by the Chairman of the Board of Directors either ex proprio motu, or on a requisition in writing signed by ten Contributories, setting forth the business to be disposed of.

17. The Board of Directors shall have power to frame such Bye-Laws as they may think proper for the better carrying out of the objects and intentions of the Fund; but no such Bye-Laws shall come into effect until the same have been approved of at an annual special meeting of the Contributories to the Fund.

18. No alteration, amendment, or rescission of the rules and regulations of the Fund shall be made except with the consent of four-fifths in number of the Contributories present at a special meeting called for the purpose, after due notice given by advertisement for four successive weeks in a newspaper published or circulating within the County, provided always that no alteration, amendment, or rescission shall be competent which shall in any way defeat or subvert the objects of the Fund, as herein provided.

19. In the event of the Fund lapsing from any cause, or being dissolved or wound up, the same shall be handed over to the Commissioners of Supply for the County, and the Corporation of the Burgh of Lerwick for the time being, in trust for the foundation, endowment, or maintenance of a Public Hospital, or of such other charitable or benevolent institution, for the behoof of the inhabitants of Shetland, as they may determine upon.