RAILWAY SOCIETY LIMITED
OF THE SOCIETY
office of the Society is
at the Railway Station, Quainton Road, Quainton, Aylesbury,
Buckinghamshire, HP22 4BY.
Date of this version approved:
31st December 2015
SHARES AND SUBSCRIPTIONS (Continued)
The first annual subscription of an associate or a member as
specified in Rule 5(b), 5(d) and 10 shall become payable on joining
the Society. The second subsequent annual subscription shall become
due on the anniversary of the payment of the first annual
subscription save that family associate subscriptions shall become
due on the same date as the nominating member or associate, and save
that existing members and associates on 19th April 1980 shall be
deemed to have joined on lst July 1979.
Any member or associate whose subscription is in arrears three
months-after the due date shall cease to be entitled to any of the
privileges and facilities deriving there-from. An associate
whose subscription is thus in arrears shall cease to be an associate
of the Society providing that notice of such cessation has been sent
to him by registered post to his last known address."
An unpaid annual subscription due from a member shall be a debt due
to the Society from the member and may be set against the amount paid
by him for any share or shares in the Society. If at any time the
amount thus due from any member equals or exceeds the amount paid by
him for his share or shares in the Society, then he shall cease to be
a member and his share or shares shall be cancelled.
No member or associate shall take any public action or make any
public statement in the name of the Society, or otherwise do anything
directly or indirectly to represent that any proposal, action,
or statement of facts or opinion has the approval of the Society. The
Executive Committee alone (or any person authorised by it) may make
announcements and publications in the name of the Society
A member or associate may be expelled for conduct detrimental to the
Society by a resolution passed by a two-thirds majority of the
members present and voting at a General Meeting of the Society, such
vote being taken by secret ballot, provided that notice in writing of
the conduct alleged against the member or associate is given to him
at least 28 days before the aforesaid meeting, and he is given an
opportunity thereat to answer the allegations made against him.
A member so expelled shall be paid the full sum paid or credited on
any shares in the Society held by him at the date of expulsion less
any amount then due from the member to the Society and his shares
shall be cancelled. An associate so expelled shall be repaid any
portion of any subscription paid by him that is unexpired as at the
date of expulsion.
No expelled member or associate shall be re-admitted except by a
resolution passed at a General Meeting of the Society by a two-thirds
majority of the members present and voting.
The Executive may at any time without stating any reason refuse to
accept a renewal of any subscription specified in Rule 5(b), 5(d) and
10 or refuse to issue shares to any person (whether such person is a
member or not) or refuse to accept an application for Associate or
Family Associate membership.
Upon a claim being made by the personal representative of a deceased
member or of the trustees in bankruptcy of a bankrupt member to any
property in the Society belonging to the deceased or bankrupt member
the Executive Committee shall transfer or pay such property to which
the personal representative or trustee in bankruptcy has become
entitled as the personal representative or trustee in bankruptcy may
A member may in accordance with the Industrial and Provident
Societies Act nominate any person or persons to whom (subject to the
provisions of the Act as to amount and the persons to whom a valid
nomination may be made) any of his property in the Society at the
time of his death shall be transferred. On receiving satisfactory
proof of the death of a member who has made a nomination the
Executive Committee shall if and to the extent that the nomination is
valid under the said Act either pay or transfer in accordance with
the Act the full value of the property comprised in the nomination to
the person entitled thereunder.