Widows Fund Society Act 1850 (SA)

'rat hqem*n may

form thcntselves into 11. AND Bli IT ENACTED, t h n t (subject to the provisioiis of ;L

society, . a . raise certain Ordinancc No. 12, of 1850, " To Establish mid Regulate

a Fund for their mu-

+ l i d Imncfit, and tnako Benefit Building Societies," so far as the same arc Incorporated

i t d ~,	OC.	with this Ordinance in manner after rncntionetl,) it shall and may be
lawful to m d fur said Society, in this Province,-to raise from tiGe to time, by Subscriptions of the several Members ofsaid Society, or by Voluntary Coutributions, a Stock or Fund for the mutual benefit OS their Husbands, IVives, or Children, Kintfred, or othcr Nominees, ancl
t o and for the several Members of said Society froln time to time io
:~sscmble together, and to make, ordain, and eonatitutc, such proper and wholesome Rules for the better government and guidance of the same, as to the ma,jor part of tllc Jlembcrs so :tssembled to~e the r
Aall seem meet, so as such Rules shall not be repngnmt to the express Pro\ isions or Regulations of this Ordinance, and to impose and inflict such reasonnblc Fines and Porfciturrs upon the several hIculbcrs of said Society nlio s l d l offend against such Rules as sllall bc just a d necessary for doly enforcing.tl~e same, to be resprctively p l ih to
such uses for the benefit of s d Society, s s said Society by said

I'ower t o alter and Rules shall direct, and also fi.om time to time t o alter and nmcnd

amclid Ruies.	such Kulcs, as occasion shall rcquire, or to mmol and repeal the same, and to make new liules in lieu thereof, under such restrictioirs as in
the said Ordinallcc hereinafter nmitioned is contained.

l'PuStew Iiiy Out 111. Axn EE IT ENACTED, that it s l d l ancl may Le la~rful to and

surplus o f ccrntri-

),utions, and to Lrinc for the Trustccs for the time l ~ e i i ~ g of said Society, n l j r l tIlev anA

P " to ac- hcreby a u i l l o r i d and rqp i r ed f?om Lime to time; ~ ~ ~ ~ ~ bp and rviih tllc

count.

consent of said Society, to be had and testified in such m;rnnel. as sliall bc directed by the Gelxral Rules of said Sociihty, to lay out or d i sposed si~cll part of 2x11 such bums of monry as shall a t any time be rollrctcd, given, or paid to and for the beilcficiid ends, intriits, and purlmxs of said Society, as the csigrncies of said Society a h d l

.

not call for the imnicdiatc npplicotioo or cspcnditure of, either 011 real or hel-itiillc securities, 01- heritable property, to be approved of "z --.L

as abi.cmicl (<U& sccnrit~es to bc taken in the imne of' the sairI.

Trustees ibr the tiiric being), and from time to time, a i t h sucll con-

L/' sent as aforesaid, to alter aud transfer snch secnritieb alld filllcls, 2nd to inake sale t l w e o i respectively, and that all tllc diuide~lds, h i e - rest, and proceeds, which shall from tiiric t o time iirisc fi.olr.1 the

1 muurvs so laid out or invcstclcl as aforesaid, dial1 from time to time Be hrbugllt to account by such Trustccs, and ~lliill bc applied to and for thc usc of tlic said Society according to tile ltulev thercof.

Effda of Society to 1P. A s n nr IT ~?XACTED, that all Rcnl and IIcritablc Property,

be vested i n the Trus-	teEsf,,r the time bri,,g, lloneys, Goods, Chattels, and EBkts: uliatcver, and all 'I'itlcs,
who rimy bring and dc- Secu~ities for hlonep, or other abl ip tory Instrunlcnts and i;vidcilccs
feud Actions, &c. or hlurliments, and all other kXccts lvhatever, ilnd a11 Ilig!its or Claims bcloi~ging to or had by said Society, shall be vcstcd m thc

Trustee+

h' irlvrs after the age

1. A m nr: 1-r iCa.\(>~m, that a Minor inny bccolne a Xcniber. iiX 'ears may be

of said $ocithty, and sh;tll bc clril)owered to c ~ r c u t c i 311 ~rlstrumcnts, h l m b c r s and haw

give all ~icccs--; !~y .iccluitt:~nces, ancl eli,joy 311 tlic, Privileges, ancl bc lcgd aut~iority.

linl,lc

lialjle t o nil the Rrspor~sil~ility ;q)perts~i~ling to J l ( d ~ e r s of ~t~:itru.ect

ilge, not wit1rst;~ndir~g his or her incapacity or disability in I,aw to

NO insurance to be act for himself or herself: h o v r n m ALWAYS, that sucbl~ h ' ho r be

effected on life of

minor, under six years admitted into said Society by and with thc consent of his or hrr

uf age. I'arc~its, Masters, or Guardians, end that 110 hfi t~or under the age of

Six Years shall be allowed to bcroinc :I RIeiubrr of said Society, and

tha t no lnsl~rance sliall be effected in the said Society- on the life of

m y hlirior uuder Six Years of age.

~ r o v i s i o n s of Ord i - ITTIT. Axn BE r r E s n c ~ m, that all the pro\ Esiow, of n cert:ii~i

nmce t o establish :md

rogu la te f i cnof i t~u~~~. O I - & ~; ~ C C, NO. 12, l 850, i n t i t u l d " Arr 0rtlilla11c.c to cst;dlisIl

S~cietics~ No- 12, illld ~c~gulate I: e w fit Uuil ding S O C ~ ~ ~ C D, ) ' may be :il)piica bl c> to the

1350, extcllded t o this

Ordinance, ~ ) L ~ I O S ~ S of the said hc i e ty, and to *]W f i > r n ~; n ~, ( s o ~ ~ f i i~g, ~ m ~ P I ~ I Y ) ~ i li n c>-* P,

;rltd altering the r u l c ~ iheieof, and sllidl o ~ t m t l aucl nrq, ly t o tilt +; l l c j

h i. E. F. YOUNG,