8 



12. — The proportion which each member has in the property of 

 the Society, shall be according to the whole amount paid for hia 

 share ; and should the Institution ever be dissolved, the property 

 shall be divided accordingly. But in the event of such a dissolution, 

 all donations shall be returned, if required, to the donors, or their 

 representatives ; and all members who have sold property to the 

 Society at a reduced price, shall have the option of re-purchasing it 

 at the same price. 



13. — Each member of the Society shall be at liberty to sell or 

 dispose of his share ; and, if not previously disposed of, it shall, at 

 his death, descend to his representative : but the Society shall decide, 

 by ballot, whether the purchaser or representative shall be admitted 

 as a member of the Institution. When any share is transferred, all 

 arrears due upon it must be paid up ; and the representative or 

 assignee of a Life Governor shall not be exempted from the Annual 

 Subscription of Half-a-Guinea, without paying a sum of Five Guineas 

 in lieu of such subscription. 



14. — The annual Subscription shall be paid to the Treasurer in 

 advance, in the month of November, or within a month after the 

 General Meeting in each year. If any member neglect to pay his 

 subscription before the ensuing Annual Meeting, he shall be excluded 

 from the benefits of the Institution, until all arrears due on his share 

 be paid up ; and if any member shall neglect paying his subscription 

 for two years, he shall, after notice given him to that effect, be ex- 

 cluded from the Society, and shall forfeit all right and interest in the 

 property of the Institution. 



15, — If any member, or any one introduced by him, shall cause 

 any loss or damage to the property of the Society, that member shall 

 make good to the Society the loss or damage so sustained, 



16. — ^Any member who is guilty of improper condnct towards the 

 Society, and persists in any breach of its laws, may be expelled from 



