1964 Ed.]
Co-operative Societies Rules.
[CAP. 33
A 11
[Subsidiary]
(d) produce applications for loans, if any, for determination by the committee in accordance with the priority of receipt; and
(e) submit any other business for consideration by the committee.
36. Minutes of committee meetings shall be recorded forthwith by the secretary in the minute book and shall be signed by the chairman or other presiding member and by the secretary and shall contain the following particulars—
(a) the names of the members present and the date of the meeting;
(b) the name of the chairman or other presiding member; and
(c) a short statement of all matter discussed and decisions made and a record as to whether each decision was made unanimously or by a majority.
37. Any member of the committee who, without due excuse approved by the committee, fails to attend at three consecutive meetings of the committee shall be deemed to have vacated his office which shall thereupon be filled as provided by rule 38.
38. (1) Vacancies occurring on the committee shall be filled within eight days by the election of substitutes elected by the remaining members of the committee:
Provided that when such election does not take place the Registrar may appoint the required substitutes.
(2) Any substitutes elected or appointed under paragraph (1) of this rule shall hold office until the expiration of office of the committee.
Minutes of meetings of committee.
Failure to attend meetings of committee.
Vacancies on committee.
powers.
39. The committee may borrow money on behalf of the registered society to an amount not exceeding such total amount as may have been fixed in accordance with rule 20.
40. The committee may, subject to the approval of the Registrar, open a banking account. All cheques shall be signed by two members of the committee and the secretary:
Provided that with the authority in writing of the Registrar previously obtained cheques may be signed by one member of the committee and the secretary.
41. (1) The committee may—
(a) appoint such clerks or employees as it considers necessary; and
Banking account.
Employees.
1964 Ed.]
Co-operative Societies Rules.
[CAP. 33
A 11
[Subsidiary]
(d) produce applications for loans, if any, for determination by the committee in accordance with the priority of receipt; and
(e) submit any other business for consideration by the com-
mittee.
36. Minutes of committee meetings shall be recorded forth- with by the secretary in the minute book and shall be signed by the chairman or other presiding member and by the secretary and shall contain the following particulars-
(a) the names of the members present and the date of the
meeting;
(b) the name of the chairman or other presiding member; and
(c) a short statement of all matter discussed and decisions made and a record as to whether each decision was made unanimously or by a majority.
37. Any member of the committee who, without due excuse approved by the committee, fails to attend at three consecutive meetings of the committee shall be deemed to have vacated his office which shall thereupon be filled as provided by rule 38.
38. (1) Vacancies occurring on the committee shall be filled within eight days by the election of substitutes elected by the remaining members of the committee:
Provided that when such election does not take place the Registrar may appoint the required substitutes.
(2) Any substitutes elected or appointed under paragraph (1) of this rule shall hold office until the expiration of office of the committee.
Minutes of meetings of committee.
Failure to attend meetings of committee.
Vacancies on committee.
powers.
39. The committee may borrow money on behalf of the regis- Borrowing tered society to an amount not exceeding such total amount as may have been fixed in accordance with rule 20.
40. The committee may, subject to the approval of the Registrar, open a banking account. All cheques shall be signed by two members of the committee and the secretary:
Provided that with the authority in writing of the Registrar previously obtained cheques may be signed by one member of the committee and the secretary.
41. (1) The committee may-
(a) appoint such clerks or employees as it considers neces-
Banking account.
Employees.
sary; and
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