Other formats

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


    mail icontwitter iconBlogspot iconrss icon

The Pamphlet Collection of Sir Robert Stout: Volume 7

XXX.—Termination of Society

XXX.—Termination of Society.

When the value of each unadvanced share shall amount to the sum of £60, and all expenses and liabilities of this Society shall be fully paid and satisfied, the accounts shall be finally audited; and the Trustees shall satisfy the legal claim of each member, whose liabilities to the Society have been paid or discharged, and the Society shall terminate; and the Trustees, with the advice of the Solicitor of this Society, shall deliver up to each member, or his page 23 or her legal representatives, the title-deeds and other documents which shall have been deposited with them by such member as a security to this Society, and shall and will, if required, execute all necessary conveyances, releases, or receipts of payment, at the expense of the member so requiring the same; and that thereupon the major part in number of the members present at any meeting, specially convened, by giving seven clays' notice to each member, shall have full power to declare this Society at an end, and all the accounts thereof finally closed; and that such dissolution shall be effectual in law and equity, and shall discharge and release all the members of the said Society.