1. The construction, improvement and management on Co-operative principles (as set out in the appendix of these rules) of houses for occupation by members of the Society.
2. The provision and improvement on the Co-operative principles of land or buildings for purposes connected with the requirements of the members occupying the houses provided by the Society.

1. Members may be expelled by resolutions carried by the votes of two-thirds of the members of the Society present and voting at a general meeting of the Society. Written complaints of conduct detrimental to the interests of the Society must have been sent to the members complained of at least one month before the meeting. These complaints shall contain details of the conduct complained of and shall call upon the members to answer the complaints and attend the meeting. If the members in question do not attend the meeting, the meeting may proceed in their absence.
2. A person who is expelled from membership shall only be readmitted by a resolution carried by the votes of two-thirds of members present at any general meeting.

1. The Society shall have the power to borrow money for the purpose of the Society in whatsoever manner it may determine, including the issue of loan stock, providing that the amount of money borrowed remaining undischarged at any time shall not exceed £1,000,000.
2. In the case of a loan from the Society's bankers or on a mortgage the Society may pay such rate of interest from time to time as may be negotiated by the Society. 7 In the case of loans from any other source, the Society shall not pay interest at a rate exceeding 1% per annum above the Co-operative Bank Limited base lending rate for the time being, or 6.5% per annum, whichever is higher.
3. The Society shall not receive money on deposit, but nothing in this rule shall prevent the Society from receiving the returnable payment provide for in rule 24(ii)
4. Subject to the proceedings of this rule and to the provisions relating to loan stock contained in rules 18, 19 and 20, the committee shall have power to determine and vary from time to time the terms and conditions on which money is borrowed or loan stock issued.

1. Subject to payment of or making sufficient provision for all subsisting claims on the Society, loan stock shall confer a right to repayment of the principal from the Society where:
   1. members cease to be members as provided in rule 11 and they (or their representatives) make written demands for payment, or
   2. the Society dissolves
2. Subject as aforesaid, the Society may from time to time repay to loan stock subscribers the whole or any proportionate part of loan stock
3. On repayment of loan stock the subscriber to whom it is repaid shall surrender the certificate to the Society and the loan stock so repaid shall be cancelled forthwith.

1. Each General Meeting shall be convened by the Secretarial Group by notice in writing delivered to the address of each member at least two clear days before the date and time of such meetings.
2. Each notice convening a General Meeting shall state:
   1. which of the three types of General Meeting is be convened;
   2. the date, time and place of the meeting;
   3. the business to be transacted at the meeting.
3. The address of a member for the purpose of service or delivery of all communications of the Society shall be that of the accommodation provided by the Society for such member.
4. Proceedings at a General Meeting shall not be invalidated in the event of accidental omission to deliver notice thereof to a member, nor by a member's non receipt of such notice.
5. All members shall be entitled to attend and vote at a General Meeting and each member shall be entitled to one vote.
6. The time, date and place of each General Meeting shall be determined either by the previous General Meeting or by the Secretarial Group.

1. the receipt of the accounts, balance sheet and Auditor's report thereon;
2. the receipt of the Committee's report on the state of affairs of the Society, together with any other report which may be requested by the preceding Ordinary General Meeting;
3. the appointment of the Auditor;
4. the transaction of any other general business of the Society which has been included in the notice convening the meeting.

1. the approval of the budget for the following financial year presented by the finance group and signed by the treasurer;
2. the establishment of the following year's level of returnable payment required of every tenant in respect of the accommodation provided by the Society; such payment being returnable in full upon leaving the accommodation, subject to the provisions of rule 16;
3. the election of the members of the Finance Group and Secretarial Group of the Society who shall together form the Committee members for the forthcoming financial year;
4. the transaction of any other general business of the Society which has been included in the notice convening the meeting;
5. the agreement, if the Semi-Annual General Meeting sees fit, of the policy upon which any savings or remissions arising in the next financial year are to be distributed in accordance with the Co-operative Principles appended to these rules.

1. An Ordinary General Meeting shall be convened either by order of the Committee or upon written request to the secretary signed by at least one-tenth of the members of the Society. Such requisitions shall state the business for which the meeting is being convened;
2. The Secretarial Group shall convene the meeting within five days of receipt of the said order or request, and the date of the meeting shall be within fourteen days from the date of such receipt;
3. Should the Secretarial Group fail to properly convene the meeting, the orderer of requisitioners may themselves give notice of and convene the meeting, and the Society shall reimburse them for any cost incurred;
4. The only business which shall be transacted at an Ordinary General Meeting is that mentioned in the notice convening the meeting.

1. No business shall be transacted at any General Meeting unless a quorum of members is present.
2. If no quorum is present within one hour of the time appointed for the meeting, the meeting shall stand adjourned to the same day in the next week at the same time and place. If at the adjourned meeting no quorum is present within half an hour of the time appointed for the meeting, the members present shall become quorum.

1. With the consent of the majority of the members present, the chairperson of the meeting may adjourn a meeting. Any adjourned meeting shall only transact the business left unfinished or unattended to at the meeting from which the adjournment took place.
2. Every adjourned meeting shall be deemed a continuation of the original meeting and any resolution passed at the adjourned meeting shall for all purposes be treated as having been passed on the date on which it was in fact passed. It shall not be necessary to give any notice of any adjournment or of the business to be transacted at an adjourned meeting.

1. Subject to any contrary provision in these rules, or in any Act of Parliament, a resolution put to the vote at any general meeting shall be decided by a simple majority of those voting upon a show of hands.
2. A secret ballot may be demanded either immediately before or immediately after a vote by a show of hands;
3. If a secret ballot is demanded when any resolution is put to the vote, it shall be taken if one-quarter of the members present support such demand on a show of hands;
4. Where a secret ballot is taken, it shall be taken at such time and in such manner as the Chairperson shall direct;
5. On a secret ballot being taken, a resolution shall be decided by a simple majority of those voting therein, subject to any contrary provision in these rules as to the majority required for resolutions to be carried;
6. Unless a secret ballot is demanded, a declaration by the Chairperson as to whether a majority on a show of hands has carried or defeated a resolution and an entry to that effect in the minutes of the proceedings shall be conclusive evidence of the status of the resolution;
7. Any questions as to the acceptability of any votes shall be determined by the Chairperson whose decision shall be final.

1. they are under the statutory age for attaining a legal majority;
2. if they are bankrupt, are parties to arrangements with their creditors, are incapacitated by physical or mental illness or convicted of an indictable offence.

1. At their first meeting after the beginning of each financial year, the Committee shall elect a President and Vice-President from their own number to hold office until the first meeting of Committee held in the following financial year. If both the President and the Vice-President are absent or unwilling to chair any Committee meeting, the committee members present shall elect one of the their own number to be President for the meeting.
2. The President and the Vice-President may resign their office by notice in writing to the Secretary, and should this occur the Committee shall forthwith elect Committee members to fill the vacant posts.
3. The President and Vice-President may be removed from office by a vote of a majority of Committee members present at a special meeting called for that purpose.

1. to purchase, sell, build upon, lease or exchange land, including the agreement and acceptance of any liability for any resultant expenses, and to enter into contracts and settle contract terms;
2. to settle the terms of engagement and remuneration, if any, of the Secretary and other officers of the Society and of any consultant, agent or employee employed by the Society in the furtherance of its objects;
3. to mortgage any land, including the agreement and acceptance of any liability for resultant expenses;
4. subject to the Society's Agreement with the Housing Corporation, to appoint Managing Agents and to determine, revoke, alter from time to time, and at all times enforce as it thinks fit, the terms and conditions on which the property of the Society is to be let and managed;
5. to appoint and remove all solicitors, architects, surveyors and employees of every description;
6. to pay expenses (including travelling expenses) necessarily incurred by Committee Members in the execution of their duties;
7. to compromise, settle, conduct, enforce or resist either in a court of law or by arbitration, any suit, debt, liability or claim by or against the Society;
8. to affiliate or subscribe to any organisation in such manner as the members in general meeting may from time to time determine;
9. to implement any policy determined in accordance with rule 24(v).

1. Subject to the agreement of a majority of members present and voting at general meeting, the Committee may delegate any of its powers to Working Groups appointed in general meeting of the Society, which shall be governed by the provisions herein contained for regulating the meetings and proceedings of the Committee so far as they are applicable. Any decisions made by such Working Groups shall be reported to the next meeting of the Committee or to the next ordinary general meeting of the Society, whichever is sooner.
2. Subject to the agreement of majority of members present and voting at general meeting, the committee may delegate such of its powers as may be necessary or expedient to Managing Agents appointed under rule 42(d)

1. summon and attend all meetings of the Society and of the Committee and keep the minutes referred to in rule 54;
2. keep the register of members and other registers which these rules require to be kept, fulfil all the Society's statutory obligations to the Registrar and to the Housing Corporation and have charge of the seal of the Society;
3. produce or give up the books, documents and property of the Society in her/his possession whenever required to do so by a resolution of the Committee or general meeting.

1. keep all the books of accounts and receive all contributions and other payments due to the Society from the members and from other persons and pay over the amounts so received and directed;
2. produce or give up the books, documents and property of the Society in her/his possession whenever required to do so by a resolution of the Committee or general meeting.

1. they are under the statutory age for attaining a legal majority;
2. if they are bankrupt, are parties to arrangements with their creditors, are incapacitated by physical or mental illness or convicted of an indictable offence.

1. a register of members containing the following particulars;
   1. members names and addresses;
   2. a statement of the share held by each member and the amount paid therefor;
   3. a statement of any other property in the society held by each member;
   4. the date on which each person was entered in the register as a member and the date on which any person ceased to be a member;
   5. particulars of the Agreement held by each member;
   6. the names and addresses of the Society's offices with their respective offices and the dates on which they began and left office.
2. a duplicate register of members containing all the particulars in the original register of members except those described in paragraph a(ii), (iii) and (v) hereof. The inclusion or omission of the name of any person from the original register of members shall, in the absence of evidence to the contrary, be inclusive that such person is or is not a member of the Society;
3. A register of loan stock and the holders thereof;
4. A register containing particulars of all mortgages and charges on land of the Society.

All books of account, registers, securities and documents of the Society shall be kept at the registered office or such other place and in such manner and with such provision for their security as the Committee shall from time to time determine.

1. a copy of the report of the auditor on the Society's accounts for the period included in the return, and
2. a copy of each balance sheet made during that period and of the report of the auditor on that balance sheet.
3. A copy of the annual return, auditors report and balance sheet shall be submitted to the Housing Corporation.

1. in narrow-range investments within the meaning of Section 1(4) of the 1961 Trustees Investments Act;
2. in shares of any building society which has been designated under Section 1 of the 1959 House Purchase and Housing Act;
3. in shares or on the security of any society registered under the 1965 Industrial and Provident Societies Act;

1. Every dispute between a member, or any aggrieved person who has been a member within six months previous to the dispute, or any person claiming through such member or aggrieved person or under the rules of the Society, and the Society or an officer of the Society shall be referred for arbitration to the Registrar. The Registrar's decision shall be binding and conclusive on all parties without appeal and shall not be removable into any Court of Law or restrainable by injunction. The Society may apply to the County Court for the enforcement of any such decision of the Registrar's.
2. Before the arbitration, the complaining party shall deposit with the Society the sum of one pound to abide by the Registrar's decision. The costs of the arbitration shall be borne as the Registrar directs.

1. for the appointment of any inspector to examine and report on the affairs of the Society, or
2. for the calling of an Ordinary General Meeting of the Society

1. an order or resolution to wind up the Society as is directed with regard to companies by the 1948 Companies Act (except that the term Registrar shall, for the purpose of such winding up, have the meaning given to it by rule 77(b), or
2. by the consent of three-quarters of the members testified by their signatures to an instrument of dissolution in the form provided by Treasury Regulations.

1. words importing the singular or plural shall include the plural and single respectively;
2. "the chief registrar" and "the registrar" shall mean the central office of the Registry of Friendly Societies;
3. "property" shall include all real and personal estate (including loan stock, certificates, books and papers);
4. "these rules" shall mean the registered rules of the Society for the time being;
5. "amendment of rules" shall include a new rule and the recession of a rule;
6. "the Society" shall mean the Society whereof these are the registered rules;
7. "member" shall mean one of the persons referred to in rule 6;
8. "Committee" shall mean the executive Committee provided for under rule 31;
9. "Officer" shall include the Chairperson, Vice-Chairperson, Secretary and Treasurer of the Society and any other Committee member for the time being and such other officers as may be appointed under rule 47;
10. "Secretary" means the officer appointed to be Secretary of the Society or any member of the Society's Secretarial Group acting as her/his deputy;
11. "Treasurer" means the officer appointed to be Treasurer of the Society or any member of the Society's Finance as her/his deputy;
12. "Working Groups" means elected bodies of members as may be appointed under rule 44(a) and shall include the Society's Secretarial and Finance Groups;
13. "Housing Corporation" means the Housing Corporation established under section 1(1) of the 1964 Housing Act and "the Society's Agreement with the Housing Corporation" means the Loan Agreement and Legal Charge executed between the Society and Housing Corporation.