Other formats

    Adobe Portable Document Format file (facsimile images)   TEI XML file   ePub eBook file  

Connect

    mail icontwitter iconBlogspot iconrss icon

The Pamphlet Collection of Sir Robert Stout: Volume 88

[Notes from Special General Meeting of the Investment Shareholders of The Manawatu Permanent Equitable Building and Investment Society. 28 September 1878]

At a Special General Meeting of the Investment Shareholders of "The Manawatu Permanent Equitable Building and Investment Society," held in the Public Hall, Palmerston North, on Saturday, the twenty-eighth day of September, 1878, at two o'clock in the afternoon, Mr. D. H. MacArthur, the Chairman of the Board, in the chair, the proposed draft new Rules having been read, the following Resolutions were carried respecting the same :—

Proposed by Mr. James Linton, seconded by Mr. Henry McNeil, and carried unanimously, "That after the first paragraph of Rule II. there be added the following words—' Provided always that persons withdrawing Investment Shares for the purpose of taking up Capital Shares with the moneys received on so withdrawing shall not be liable to pay entrance fees on such Capital Shares.' "

Proposed by Mr. Henry McNeil, seconded by Mr. James Linton, and carried unanimously, "That after the seventh paragraph of Rule VII. there be added the following words—'The Board may from time to time cause to be paid to any Director or Directors all or any portion of the actual expenses incurred by such Director or Directors in attending any meeting or meetings of the Board or in transacting any business of the Society.' "

Proposed by Mr. Henry McNeil, seconded by Mr. William Miller Lewis, and carried unanimously, "That the blank in Rule X. be filled up with the words 'a Tree.'"

Proposed by Mr. James Linton, seconded by Mr. William Miller Lewis, and carried unanimously, "That after the first paragraph of Rule XIV. there be added the following words—Provided always that the Board may waive the necessity of giving three months' notice of intention to withdraw in the case of any Shareholder who binds himself to take up Capital Shares with the monies received by him on withdrawing his Investment Shares.' "

Proposed by Mr. William Miller Lewis, seconded by Mr. John James Waldegrave, and carried unanimously, "That there be inserted between the words 'that' and 'all' in the first line of the eighth clause of Rule XVIII. the following words, viz.,—'in the case of all advances made after the passing of these Rules.' And also, that the words 'June, September, December, and March' be altered to 'May, August, November, and February,' and the words September and March be altered to 'August and February.' "

Proposed by Mr. Henry McNeil, seconded by Mr. James Linton, and carried unanimously, "That in the third clause of Rule XXIX. there be made the following alterations—The words 'Upon the elections for Directors' be altered to 'At any general meeting,' and the words 'but no vote by proxy shall be given on any other occasion' be struck out."

page 25

Proposed by Mr. William Miller Lewis, seconded by Mr. Peter Manson, and carried unanimously, "That the existing Rules of the Society be repealed, and the Rules as drafted, and copies of which have been sent to each member of the Society, be adopted as the Rules of the Society, subject to the alterations made therein by the resolutions already passed."