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The Pamphlet Collection of Sir Robert Stout: Volume 7

XVIII. Deposit Account

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XVIII. Deposit Account.

Board of Directors may receive deposits.

1. In furtherance of the objects of the Society it shall be lawful for the Board of Directors to receive moneys on deposit in such sums for such periods and at such rate of

Society's funds and property vested in Trustees to be security for deposits.

interest as they may direct: and for any sum or sums so de-posited, together with the interest which may become due and payable thereon, the funds arising from the payments by the members of this Society, and all the property for the time being vested in the Trustees of the Society, shall be a security for the repayment of the said deposits and interest

Board of Directors to prepare regulations respecting deposit account.

thereon.

2. The Board of Directors shall prepare regulations for the efficient management of the Deposit Account, and shall from time to time determine the rate of interest to be allowed on deposits.

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