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The Pamphlet Collection of Sir Robert Stout: Volume 7

Securities to be Taken in Name of Trustees

Securities to be Taken in Name of Trustees.

21. All deeds, writings, and securities to and from the Society, shall be made and taken in the names of the Trustees for the time being; and immediately on the receipt of any deeds, writings, and securities on behalf of the Society, the same shall be lodged in a box or safe (the custodian of which shall be determined by the Board, who shall be responsible for its contents, except in case of loss by fire, thieves, or other inevitable accident), and all and every person or persons paying any sum or sums of money to the Trustees on behalf of the Society, shall be indemnified and held harmless for all losses, costs, and damages that shall arise by reason page 12 of such payments, and such person or persons shall not be bound to i quire into the appointment of any new Trustee or Trustees, or to see to the application or non-application of the moneys so paid as aforesaid. When any Trustee for the time being of the Society shall have any transaction with the Society, or shall receive an advance on any share or shares, his securities and undertakings shall be given to the other Trustee or Trustees for the time being.