| By-Law 7: | |
Each
share of the Society shall be of the par value of $5.00 and the minimum
number of shares which may be held by each member shall, subject to the
provisions of the Act, Regulations and By-Laws, be prescribed from time
to time by the Board. |
|
| By-Law 21: | |
| (a) | Notwithstanding the provisions of By-Law 7, a member shall within the
first six (6) months of his membership pay and thereafter maintain contributions
to the value of at least twenty-four (24) shares. The Board may extend
the time within which such contributions shall be paid. |
| (b) | Notwithstanding
the provisions of By-Law 7, a member whose name was entered in the
Society’s
register of members prior to the enactment of this By-Law, shall within
the first six (6) months of enactment of this By-Law, pay and thereafter
maintain contributions to the value of at least twenty-four (24) shares.
The Board may extend the time within which such contributions shall
be paid. |