29. (a.) All moneys and or negotiable
instruments paid to the Society or its order shall as soon as possible after its receipt
be paid to the credit of a bank account in the name of the Society.
(b.) Each cheque or withdrawal form shall be signed by
not less than any two of the Convener, Deputy Convener, Treasurer and Secretary or two
members nominated by the committee;
(c.) Funds of the Society may be invested by placing on
deposit in any bank, savings bank or deposit company that carry on business in New
Zealand, in or upon government securities in New Zealand, in or upon any mortgage of real
estate in New Zealand or any other security approved by law for the investment of trust
funds, as approved by the committee or such other investment as may be authorised by the
Society in General Meeting from time to time.
(d.) The Society shall have the power to borrow money
for such purposes and on such terms as the Society in General Meeting shall think fit. |