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Company Documents

Memorandum and Articles of Association

ARTICLES OF ASSOCIATION OF
MIDLAND AND GREAT NORTHERN JOINT RAILWAY SOCIETY

Interpretation Objects Members General Meetings
Notice of General Meetings Proceedings at General Meetings Votes of Members Corporations Acting by Representatives at Meetings
Council of Management Borrowing Powers Powers and Duties of the Council Disqualification of members of the Council
Retirement of members of the Council Proceedings of the Council Secretary Accounts
Audit Notices Dissolution Rules or Bye Laws
Indemnity      

 

DISSOLUTION

63. Clause 7 of the Memorandum of Association relating to the winding up and dissolution of the Society shall have effect as if the provisions thereof were repeated in these Articles.

RULES OR BYE LAWS

64.
(a) The Council may from time to time make such Rules or Bye Laws as it may deem necessary or expedient or convenient for the proper conduct and management of the Society and for the purposes of prescribing classes of and conditions of membership, and in particular but without prejudice to the generality of the foregoing, it may by such Rules or Bye Laws regulate:
(i) The admission and classification of members of the Society, and the rights and privileges of such members, and the conditions of membership and the terms on which members may resign or have their membership terminated and the entrance fees, subscriptions and other fees or payments to be made by members.
(ii) The conduct of members of the Society in relation to one another, and to the Society's servants.
(iii) The setting aside of the whole or any part or parts of the Society's premises at any particular time or times or for any particular purpose or purposes.
(iv) The procedure at General Meetings and meetings of the Council and Committees of the Council in so far as such procedure is not regulated by these presents.
(v) And, generally, all such matters as are commonly the subject matter of Society rules.
(b) The Society in General Meeting shall have power to alter or repeal the Rules or Bye Laws and to make additions thereto and the Council shall adopt such means as they deem sufficient to bring to the notice of members of the Society all such Rules or Bye Laws, which so long as they shall be in force, shall be binding on all members of the Society. Provided, nevertheless, that no Rule or Bye Law shall be inconsistent with, or shall affect or repeal anything contained in, the Memorandum or Articles of Association of the Society.

INDEMNITY

65.
(a) Every member of the Council or other officer or auditor of the Society shall be indemnified out of the assets of the Society against all losses or liabilities which he may sustain or incur in or about the execution of the duties of his office or otherwise in relation thereto, including any liability incurred by him in defending any proceedings, whether civil or criminal, in which judgement is given in his favour or in which he is acquitted or in connection with any application under Section 727 of the Act in which relief is granted to him by the Court, and no member of the Council or other officer shall be liable for any loss, damage or misfortune which may happen to or be incurred by the Society in the execution of the duties of his office or in relation thereto. But this Article shall only have effect in so far as its provisions are not avoided by Section 310 of the Act.
(b) The members of the Council shall have power to purchase and maintain for any member of the Council such insurance as is permitted by Clause 3(m) of the Society's Memorandum of Association.


As adopted by Special Resolution on 16 August 2003
P J Starks
Chairman

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