Transactions of the Institution of Engineers and Shipbuilders in Scotland, Volume 51

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Page xiii - The income and property of the Association, whencesoever derived, shall be applied solely towards the promotion of the objects of the Association as set forth in this Memorandum of Association...
Page xxx - Such notices shall specify the nature of the business to be transacted and no other business shall be transacted at that Meeting.
Page xiv - Every member of the company undertakes to contribute to the assets of the company in the event of the same being wound up during the time that he is a member or within one year afterwards for payment of the debts and liabilities of the company contracted before the time at which he ceases to be a member, and...
Page xiv - The fourth paragraph of this Memorandum is a condition on which a licence is granted by the Board of Trade to the Association in pursuance of Section 23 of the Companies Act 1867. For the purpose of preventing any evasion of the terms of the said fourth paragraph, the Board of Trade may from time to time, on the application of any Member of the Association, impose further conditions, which shall be duly observed by the Association.
Page xiv - WE, the several persons whose names and addresses are subscribed, are desirous of being formed into a company, in pursuance of this memorandum of association, and we respectively agree to take the number of shares in the capital of the company set opposite our respective names.
Page xiv - Association, in the event of the same being wound up during the time that he is a Member, or within one year afterwards, for payment of the debts and liabilities of the Association contracted...
Page xxix - The Council may refuse to continue to receive the subscriptions of any person who shall have wilfully acted in contravention of the regulations of the Institution, or who shall in the opinion of the Council have been guilty of such conduct as shall have rendered him unfit to continue to belong to the Institution...
Page xv - Acts, 1862 to 1900; and terms used in these Articles shall be taken as having the same respective meanings as they have when used in those Acts. 3. The Objects of the Institution are those set forth obIects of the in the Memorandum of Association.
Page xiii - Association, as set forth in this Memorandum of Association, and no portion thereof shall be paid or transferred, directly or indirectly, by way of dividend, bonus, or otherwise, howsoever, by way of profit, to the...
Page xxii - The Council shall meet as often as the business of the Institution requires, and during each Session — that is, from October till April — Uie Council shall meet at least once a month.

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