The Massachusetts spy, and Worcester County advertiser. [volume] ([Worcester, Mass.]) 1825-1831, 1828-05-28

tina. day shall be sufficient, and one week
notlce shall be given; but in all cases wher
more than $500 is to be withdrawn. tbre
months notice shall be given to the Treas
urer No sum less than SIS of the capfa
OF any deposition shall be withdrawn. unIes
his whole deposit is less than SIS. No in
terest shall be computed on any sum with
drawn subsequent TO the quarter day mex
preceding.
| I3. All money received shall be eitfel
specie, or bills current at the Worcester
Bank, and all payments shall be made in the
same manner.
IA. Upon the death of any depositor. il
ms credits be less than $50, the same shtll
be paid to his next of kin, legatee or perssn
legally entitled, according to the laws b
the Commonwealth, which payment. it Is
agreed, shall be full disch rye to tits
Company, without the expenses of admins
tration.
10. Dividends, which shall not be called
Tor within three months, shall be added fc
the principal of the depositor, and shall draw
interest, as much as the original deposit.
10. The Treasurer shall forthwith, on
the day ofthe receipt of any monies, depos-
1t the same in some Incorporated Bank in
the town of Worcester.
liz. No deposits shall be received from
any corporate body and the Trustees are
at liberty to refuse the deposits of any per-
son who shall, at one time, have more than
$500 in the Institution. Nor shall any per-
son be at liberty to invest more than SICO
at any one time.
10. The Trustees, at any regular meet
ing, when major part of. the whole num-
Der of the board are present, and after due
notice OF such intention at previous meet
ing, may make any alterations or additions
to these bylaws, or to any others hereafter
made, provided the same shall be laid before
the Corporation at their next annual meet
ing, and may by them be re-examined,
amended or disallowed and such additional
bylaws or alterations shall be equally bind
ing upon all depositors, as those that they
subscribed, after the same shall be made
known to them.
~. The annual meeting of this Society
shall be on the Wednesday evening of the
first week of the Spring Session of the Su-
preme Judicial Court at Worcester, at z
o'clock, when there shall be chosen by bal
lot the President, Vice Presidents, Trustees
and Secretary. At said annual meeting, the
Trustees shall exhibit to the Corporation a
full statement of the funds and investments
of the Institution.
20. No Trustee or other officer of the
Corporation shall ever be borrower of any
monies to be loaned by the Company.
81. Deposits made the Sd Wednesday
of any month or year, shall be considered
as made full month or year previous to the
Sd Wednesday of the following month or
year, for the purpose of computing div
dends, and no dividend shall be made upon
fractional parts of dollar.
80 The Trustees and Board Of Invest
ment shall make such regulations, respect
ing the proceedings of their respective
boards, as they may see fit, not inconsistent
with these bylaws, and which shall be sub
mitted to the Society at the meeting next
after the adopting such rules, and may be by
them amended or disallowed.
The foregoing Bylaws having been re-
ported by Committee chosen at previous
meeting for that purpose, were unanimous
ly accepted by the Corporation as the By
Laws and Regulations of the Institution.
ISAAC GOODWIN, Secretary.
Worcester, .May /, 1928.