4720

ROYAL ‘GAZETTE.

Primary Lodge, whose names may be included in such vote as aforesaid, and their associates and suc- cessors, members ofsuch County Lodge or Primary Lodge. (as the case may he), shall be and become, from the time of ﬁling such certiﬁcate as aforesaid with such Registrar, a body politic and corporate, as aforesaid, by the name of such County Lodge, and by the name, number and place of location of such Primary Lodge.

VI. It shall and may be lawful for the Trustee or Trustees ofeach County Lodge or Primary Lodge so incorporated, and he or they are hereby empowered, fromtimetotime, by and with the consentofsuch Coun- ty Lodge or Primary Lodge, to he testified in such manner as may be directed by their By-laws, to lay out and invest all such sum and sums of money as shall from time to time be collected, and not required for the immediate exigencies of such County Lodge or Primary Lodge, in real estate or on mortgage, or in public or other stock or funds, or in such other manner as. such County Lodge or Primary Lodge shall deem best, and from time to time, with the like consent, to alter, sell and transfer such securities, real estate or funds respectively, and otherwise to re-invest or dispose ofthe same; and the Certiﬁcate, Bill of Sale, Deed, or other instrument of Transfer Sale, or discharge of such estate, or fund or security, shall be made underthe seal of such County Lodge or Primary Lodge, and signed by the Trustee or Trustees and Presiding Officer of such County Lodge or Primary Lodge; and all such investments shall be made, and securities taken, and sales and transfers made in the corporate name and capacity of such County Lodge or Primary Lodge.

VII. It shall and may be lawful for each County Lodge and Primary Lodge, when so incorporated as aforesaid, to receive from the Trustee or Trustees, from time to time, in their corporate name, sufﬁcient security by bond, with one or more surety or sure- ties: or otherwise; and also to demand and’reccive from any other ofﬁcers appointed by the said County Lodge or Primary Lodge, slich security as they may deem proper for the faithful performance of'liis or their respective duties, and that he or they will well and truly account for, and pay, and invest, from time to time, all such sums of money, funds or other property as may come to his or their hands or under his or their control belonging to the said County Lodge or Primary Lodge, as directed by the said County Lodge or Primary Lodge. ‘

VIII. No member of the Grand Lodge aforesaid, nor of any County Lodge or Primary Lodge here— after to become incorporated, shall have an; power to assign or transfer to any person or persons, whom- Soevcr, any interest which he may have to or in the funds or property of such Grand Lodge, or Count or Primary Lodge, but the same shall at all times be and remain under the control of such Grand Lodge or County or Primary Lodge; and no property or stock of any kind, belongino to such Grand Lodge, or such incorporated Couhty Lodge or Primary Lodge, shall be subject to the payment of the private debts of any of its members, nor be liable to be taken in execution by any Judirinent Creditor against any individual member tliereoti'.

IX. The joint property of the said Grand Lodge, or of each ofthe County and Primary Lodges, when incorporated, shall alone be held liable and respon- sible for the debts‘ and engagements of the said Grand Lodge, or of the County or Primary Lodge owning such preperty.

X. Upon the dissolution of any County Lodge or Primary Lodge, hereafter incorporated under this Act, the property held by it at the time of such dis- solution, after the payment ofthe debts and engage- ments of such County Lodge or Primary Lodge, shall be disposed of, sold or Conched in such manner as the members present at any regular meeting when such dissolution shall have been determined upon by a two‘third vote may direct; and in case no dis— position of the funds and property of such County Lodge or Primary Lodge shall be made, then all such funds and property which such County Lodge or Primary Lodge may he possessed of at the time of such dissolution, shall be [pm fur't‘o vested in the Grand Lodge aforesaid, to he by such Grand Lodge applied ﬁrst to the debts or liabilities of such dis- solved County Lodge or Primary Lodge, and the balance, if any, in such manner as the said Grand Lodge may deem best for the general interests of the Order in Prince Edward Island.

XI. If at any time hereafter any one or more of the County Lodges or Primary Lodges shall become so far involved as to be unable to meet its.engage- ments, then, and in such case, it shall and may be lawful for the said Grand Lodge to enter into and upon, and take possession of the property, both real and personal, of which the said County Lodge or Primary Lodge becoming so inVolved shall be pos-. sessed; and the same, and all debts owing to the said County Lodge or Primary Lodge, and all liens and securities therefor, and all the right of action of the said Corporation for any Goods or Estate, real or personal, shall thenceforth and thereafter be and become vested in the members, trustees or officers appointed for the purpose of managing the real and personal estates and eti'ects ofthe said Grand Lodge and their successors and assigns; and upon so cuter- ing and taking possession of the said estates and effects ofthe said County Lodge or Primary Lodge, the said G 'and Lodge, so far as the said property shall extend, shall be and become liable for and subject to all debts and liabilities contracted by such County Lodge or Primary Lodge in its cor- porate capacity, and shall and may, thencefbrth, substitute the names or name of such Trustee or Officers, as aforesaid, for the time being, and of their successors in all actions then pending, and in their own names or name bring and prosecute all such actions or action, suits'or suit as the said County Lodge or Primary Lodge might otherwise have done, and may give such releases and discharges as might have been given by the said County Lodge or Primary Lodge, and may sell and convey all such property, both real and personal, as the said County Lodge or Primary Lodge was possessed of or entitled to at the time of such insolvency, and may give all such Deeds as may be necessary for the proper con- veyance ofthe same. ‘

Xll. This Act shall continue in force for the

period of ten years from the time of the passing thereof.