Western Australian Repealed Regulations

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This legislation has been repealed.

FRIENDLY SOCIETIES REGULATIONS 1924 - REG 89

89 .         Board may raise moneys by mortgage

                The Board may raise moneys by way of mortgage of the lands under its control, or any part thereof, for the purpose of improving such lands; subject to the following conditions: — 

            (a)         The amount of money to be borrowed, the several works proposed to be executed, and the amount proposed to be expended upon each of such works shall be first approved by a majority of two-thirds of all the members of the Board;

            (b)         A statement in writing setting out the above particulars, and a memorandum of the consent of the Board, signed by the Chairman thereof, shall be forwarded to the Registrar for the approval of the Governor in Council;

            (c)         The consent of at least three-fourths in number of the societies and branches represented on the Board shall be obtained, signified by a majority of the votes of the members of each such society or branch present and entitled to vote at a special meeting of the same called for that purpose, and communicated to the Board to the effect in Form No. 51 annexed hereto, and a memorandum thereof shall be sent to the Registrar by the Board in Form No. 52 annexed hereto, accompanied by the consents in Form No. 51 received from the societies and branches. [S. 45 and S. 47 (1, n).]

BOARD ACCOUNTS



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