Building Societies, Ontario.

Chap. 22.—The members of any Permanent Building Society in Ontario may, by a two-third vote, determine that all shares thereafter subscribed for shall be fixed and permanent capital, which may not be withdrawn. They may fix the proportion (not less than 20 p.c.) of amount of each share to be payable on subscription, and when the premium (if any is exacted) shall be payable. The society may declare and pay dividends periodically on the amounts paid up on such shares.