REG. No., 14,661 R, NORTHANTS.
RULES OF THE Rushden Co-operative Services LIMITED.
(a) The rules hereto annexed entitled "General Rules for an Industrial and Provident Productive Society (Form 4P)" and numbered 1 to 89, shall be the rules of this society, subject to the Special Rules thereof.
(6) The rules next following are the Special Rules of the society, whereto the General Rules therein referred to are respectively subject, and the interpretation clause thereof applies.
THE SPECIAL RULES OF THE SOCIETY.
I. General Rule 3.The name of this society shall be the RUSHDEN CO-OPERATIVE SERVICES LIMITED.
II. General Rule 3.The special objects of the society shall be to carry on the business of selling drugs, medicines, toilet requisites, photographic materials, surgical appliances, and the sale and supply of optical appliances and instruments, and to carry on the business of general dealer, and to buy, sell, manufacture, produce, and deal in goods, consumable articles, chattels, and effects of all kinds, both wholesale and retail, and generally to engage in any business, trade, or industry which may seem to the committee of management directly or indirectly conducive to the interests of the member-societies.
III. General Rule 4.The registered office of the society shall be at High Street, Rushden, in the county of Northampton.
IV. General Rules 7 to 12.The society shall consist of the Rushden Co-operative Society Limited (Reg. No., 2,050 R, Northants.) and all other registered societies which may from time to time be admitted, together with the following persons :
H. BAILEY, A. GREEN, W. S. BAYES, W. BROWN, C. GINNS, F. MARRIOTT, R. NEWELL, L. PARKINSON, A. WATTS,
being members of the committee of management or officials of the Rushden Co-operative Society Limited.
The aforementioned individuals shall continue to be members of this society as long as they are officials or the members of the committee of management of the Rushden Co-operative Society Limited.
Any individual member ceasing to be an official or a member of the committee of management of the Rushden Co-operative Society Limited shall thereupon cease to be a member of this society, and the committee of management of the Rushden Co-operative Society Limited shall appoint some other person, either from its number or one of its officials, to become a member of this society in the place of the person disqualified from membership.
The above-named society and every other registered society admitted shall be required to hold at least five £1 shares in the society, and as many additional shares as they may apply for and the committee agree to allot. Shares shall be paid up in full on allotment. Each individual member shall hold a £1 share only which shall be repaid on cessation of membership.
V. General Rule 19 (2).The total amount which may be obtained on loan shall not exceed £20,000 as may be fixed from time to time by a general meeting.
VI. General Rules 35, 42, 44, and 47.Ordinary business meetings of the society shall be held half-yearly or yearly, as the management committee determine, and shall be constituted by the members of the management committees of each subscribing society and the individual members of this society. Each member shall be entitled to one vote. The quorum of a business meeting shall be five.
VII. General Rules 51 to 61.The committee of management shall consist of the committee of management of the Rushden Co-operative Society Limited.
VIII. General Rules 54, 62, 65, and 73 (3).The committee shall from time to time engage, remove, or discharge all managers and other employees, and shall fix their duties, salaries, or other remuneration and require them to give such security as the committee determine. The secretary of the society shall be the secretary for the time being of the Rushden Co-operative Society Limited. The auditors of the society shall be the auditors for the time being of the Rushden Co-operative Society Limited.
IX. General Rule 83.Interest on share capital shall be paid at such rate not exceeding 5 per cent per annum as the committee of management determine. No interest shall be paid on the shares of individual members. The assets of the society shall be reduced at such annual rate or rates as the committee of management decide from time to time and the remaining profits shall be paid to the member-societies in proportion to the trade of their members with this society, and shall be used in the first place in paying to each member of a member-society purchasing from this society a dividend on his purchases from this society at the member-society's rate in respect of purchases by its members, and any balance shall form part of the general balance of the member-society or societies.
X. The society shall, either by itself or in conjunction with any other society, have power to join or establish a pension or superannuation fund for the benefit of its employees, and to make contributions thereto and to enter into a trust deed for this purpose, and to act as trustee or joint trustee of the fund. It shall act as such trustee or joint trustee through its committee of management.
XI. General Rule 2.''The Act" means the Industrial and Provident Societies Act, 1893 to 1954.
XII. General Rules 13, 28, and 79.The committee shall keep at the registered office of the society a register of members in accordance with Section 5 (1) of the Industrial and Provident Societies (Amendment) Act, 1954, constructed in accordance with Section 5 (3) (b) of that Act. Any member or person interested may inspect the particulars contained in the register other than those mentioned in Section 5 (1) (b) and (c) of that Act.
The share register shall not contain a ledger account.
XIII. General Rule 69.The registered name of the society shall also be mentioned in all its business letters.
XIV. General Rule 73.The auditor shall not be an officer of the society. He shall be an approved auditor appointed under the Act.
XV. General Rule 80.On the dissolution of the society by instrument of dissolution the last annual return must be made up to the date of the instrument.
The society shall not publish any balance sheet unless it has previously been audited by the society's auditor, and if the auditor has made a report on the balance sheet such report shall be incorporated therein. The copies of balance sheets required to be sent to the Registrar with the annual return shall incorporate any reports of the auditor.
XVI. General Rule 81.The maximum price for a copy of rules shall be 2s.
XVII. General Rule 82.This rule shall not apply to this society.
XVIII. General Rule 88.The resolution required for change of name of the society shall be an ordinary resolution.
For the Rushden Co-operative Society Limited. (Reg. No., 2,050 R, Northants.)
H. BAILEY, A. GREEN, Two Members of the Committee.
R. R. GRIFFITHS, Secretary.
LEONARD PARKINSON, A. WATTS, W. BROWN, R. NEWELL, C. GINNS, F. MARRIOTT, Members.
R. R. GRIFFITHS, SECRETARY...
Reg. No., 14,661 R, Northants.
ACKNOWLEDGMENT OF REGISTRY OF SOCIETY.
RUSHDEN CO-OPERATIVE SERVICES LIMITED is registered under the Industrial and Provident Societies Act, 1893, this 6th day of September, 1955.