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The Pamphlet Collection of Sir Robert Stout: Volume 7

Depreciation of Property

Depreciation of Property.

36. It shall be lawful for the Society or the Board at any time, without notice, when in the opinion of the Board the property given as security by any member has been injured by him, or is suffering depreciation through mismanagement, or from any cause whatever, to enter upon and take immediate possession for the use of the Society.