The Pamphlet Collection of Sir Robert Stout: Volume 7
Duties and Charges of Solicitor
Duties and Charges of Solicitor.
25. The Solicitor for and on behalf of the Society shall peruse and examine the titles of all property from time to time offered as security to the Society, and by order of the Board, or at the request of any person purchasing property, shall prepare the conveyance or other assurance thereof; and shall prepare, peruse, and examine the mortgages for securing the moneys and funds before the same shall be advanced; but should the Solicitor be of opinion that the title to any property is not such as can safely be accepted by the Society, he shall signify the nature of his objection to the Board under his hand, and the cost, of investigating such insufficient title shall be borne and paid by the member proposing such property as security out of the subscriptions (if any) paid by the member proposing such security, or the Board shall have power and discretion of requiring such member to make a deposit in part payment of such costs before his application shall be entertained. The Solicitor shall transact all other professional business of the Society, for which he shall receive a fair and reasonable remuneration, but no charge shall be made for his attendance at any meeting, or for general advice. The Solicitor shall, when requested so to do, attend all meetings of the Board of Directors, and all meetings of the members of the Society. The Solicitor shall at any time, upon the request and at the expense of any mortgagor, furnish him with an abstract of the title, or a copy of the security given by him.