by the parties and in the manner indicated shall be presumed to have been properly made, drawn, accepted or endorsed until the contrary be shown; and in no case shall it be deemed necessary to have the seal of the company affixed to any such draft, bill of exchange, promissory or other negotiable instrument, nor shall the president nor any other officer of the company, so making, drawing or endorsing any such promissory note, bill of exchange, draft or negotiable instrument for said company, be subjected individually to any liability beyond his liability as a member of the company.

15. No member of the company shall be liable for Limited the debts or liabilities of the company, in respect of liability. any shares held by him, which have been issued by the company or its directors as fully paid-up shares, under the provisions of this act or otherwise, nor shall be held liable in respect of any shares not so issued to a greater amount in the whole than the amount thereof held by him after deducting therefrom the amount actually paid to the company on account of such shares, unless he has rendered him elf liable for a greater um by becoming surety for any debt of the company; but no shareholder who has transferred his interest in the stock of the company shall cease to be liable to the amount unpaid on shares so held by him. for any contract or the company entered into before the date of such transfer, so as any action in respect thereof shall be brought within six months after such transfer.

shares, etc.

16. (1) The company may upon such terms as Duly paid up the directors deem for the interests of the company, issue fully paid-up shares of the company, and may, upon such terms and such prices as the directors deem in the interest of the company, pay and allot such shares in payment of the whole or any part of any cost incurred under Section 2, Clause (m), and also may, upon such terms and at such price as the directors. deem in the interest of the company, pay and allot any such fully paid-up shares in payment or part payment, for service of or any work done by contractors, engineers, solicitors and other persons who may have been or may be engaged promoting the

Paint and affix.

Head office."

incorporation, undertaking or work of the company, and may, upon such terms and at such prices as the directors deem in the interest of the company, allot and pay over such fully paid-up shares, in whole or partial payment, for the purchase, lease, or other acquisition of any lands, water rights, franchises, crops, machinery, patents for invention or patent rights, processes, letters patent, or information or any property which the company is hereby authorized to acquire, construct, operate or own in payment of the shares, bonds or any other obligations of other companies which the company is hereby authorized to acquire;

(2) The issue, allotment or payment of such fully paid-up stock by the directors of the said company shall be binding upon the company, and shall make the same fully paid-up stock, and the same shall not be subject to any calls for any purpose whatever, and the holders of the said stock allotted or paid, as aforesaid, shall not be subject to any personal liability whatsoever in respect thereto;

(3) All shares allotted and accepted in accordance with this section shall have voting powers equally with those subscribed and allotted in the usual manner.

17. The company shall paint or affix, and keep painted or affixed, its name, with the word "limited" after it, on the outside of every office or place in which the business of the company is carried on, in a conspicuous position, in letters easily legible, and shall have its name, with said word "limited" after it, mentioned in legible characters in all notices, advertisements, and other official publications of the company, and the other writings used in the transaction of the business of the company, and for every neglect of a full compliance with the foregoing provisions of this section by an officer of the company, the company shall be liable to a penalty not exceeding twenty dollars.

18. The head office of the company shall be at Glace Bay, in the County of Cape Breton, or such other place in Nova Scotia as the directors may by by-law determine.

shall cease

19. If the company does not bona fide commence When act business under the provisions hereof within two years from and after the passing of this act, then this act shall become and be utterly null and void and of no effect.

shall com.

20. The company shall not commence business When company until twenty-five per cent, of its capital is subscribed mence bus and ten per cent. of the capital stock is paid up.

ness

Be it enacted by the Governor, Council, and Assembly, as follows:

1. Rev. Dominic Viola, D. D.; Rev. A. McD. Incorporation Thompson, D. D., Parish Priest, both of Glace Bay, in the County of Cape Breton; Anthony Pisoni, Trader; Felex Dapentha, Trader; Anthony Del Vecchin, Trader; Thomas Cozzilino, Contractor; Anthony Martinglo, Trader, all of Sydney, in the County of Cape Breton, aforesaid, Lawrence Barro, of Dominion No. 4, in the County aforesaid, and John Gusinerini, of Dominion, in the County aforesaid, all of them members of the Society of Saint Rita, together with such persons as are or become members of the society hereby incorporated, are hereby constituted and declared to be a body corporate, under the name of St. Rita's Society of Nova Scotia, hereinafter called "the society" for the following purposes and objects:

Head office.

Subordinate branches.

By-laws.

Funds, how invested.

Real estate,

how held

(a) To unite fraternally all persons entitled to membership under the constitution and laws of the society;

(b) To improve the social, intellectual, financial and moral conditions of the members of the society, and to educate them in integrity, sobriety and frugality.

(c) To provide by means of monthly assessments, a beneficiary fund sufficient to assure the payment of a fixed amount to the heirs of departed members and to sick and injured members.

2. The head office of the society shall be at such place, within the Province of Nova Scotia, as may be determined by by-law of the society.

3. Subject to the constitution and laws of the society, territorial branches, subordinate to the society, may be established throughout Nova Scotia, under the title and number designated in the charter granted by the society constituting such branches, and subject to such provisions, conditions and with such powers. as the society may, from time to time, determine; provided, however, that such powers shall not be in excess of those conferred upon the society by this act.

4. The society may make rules and by-laws for the guidance of its officers and members, the control and management of its funds and generally for regulating every matter and thing proper or necessary to be done for the good of the society and the prosecution of its object and business.

5. All moneys in funds of the society that are not required are to be invested in the government savings bank, or in any other bank of good standing, or in securities which are a first charge on the land in fee simple, or in municipal debentures. The interest accruing from the amounts so invested shall go to the general funds of the society.

6. The society may receive, take and hold real and conveyed. and personal property by purchase, gift or demise,

to an amount which shall not exceed in all ten thousand dollars, and the association may, by by-law, determine the manner in which such real property shall be held and conveyed, subject to the laws of the Province in which such real or personal property is situate.

etc.

7. The society may borrow money, and may also at May mortgage, any time pursuant to a resolution of the members of the society, at a regular meeting, sell, mortgage, lease or transfer the real or personal property owned by and in the name of the society.

8. The said society shall have power and authority General power to do any matter or thing necessary to carry out any of the above objects, or incidental or conducive to the same, subject, however, to the laws of the Province of Nova Scotia.

etc.

9. The society is hereby empowered to sue for Assessments. and collect all entrance fees, subscriptions, assessments, and all other accounts and moneys due the society, or which may hereafter become due and owing to the society. All entrance fees, subscriptions and assessments shall be due and payable at the times fixed by and according to the terms of the present or future by-laws of the society.

liability

10. No member of the society shall be liable in Limited his person or separate estate for the debts of the society, unless such members has secured liability by becoming surety for said debts, but the property, real and personal, funds and subscriptions to said society, shall form the assets of the society, and be liable for the debts and liabilities of the same.

11. All rules and by-laws of the society, and every By-laws repeal, amendemnt and re-enactment thereof, shall be subject to the approval of the Governor-in-Council.

sued.

12. The society may sue and be sued in the name of Sue the society.