Edinburgh Merchant Company Order Confirmation 1996

1996 c. 11 · Enacted 18 December 1996

Contents

1. 1Confirmation of Order in Schedule.
2. 2Short title.
3. Schedule Edinburgh Merchant Company
4. Part I: Preliminary
5. 1Short title
6. 2Interpretation
7. 3Confirmation of existing charters and repeal of Acts
8. Part II: Provisions as to Merchant Company
9. A. Powers of Company
10. 4Powers of Company
11. B. Election of members of Company
12. 5Qualifications for membership of Company
13. 6Application for election
14. 7Election of members
15. 8Date of election of members
16. 9Honorary members
17. C. Election of office bearers
18. 10Election of Master, treasurer and assistants
19. 11Master, treasurer and assistants may be re-elected
20. 12Filling of vacancies among Master, treasurer and assistants
21. D. Officials
22. 13Appointment of officials by Company
23. 14Company may provide pensions, etc., for officials
24. E. Fees, etc., payable by members
25. 15Entrance fees
26. 16Election conditional on payment of entry money and other sums
27. 17Powers of Company to vary entry money, etc
28. 18Power to impose annual subscriptions, etc
29. F. Funds and property of Company
30. 19Application of funds of Company
31. 20Hall and offices of Company
32. 21Power to contribute to widows' fund from general fund
33. G. Meetings of Company
34. 22Stated general meetings of Company
35. 23Special general meetings of Company
36. 24Mode of calling Company meetings
37. 25Chairman of meetings of Company
38. 26Quorum of meetings of Company
39. 27Voting at meetings of Company
40. 28Company may make rules of procedure
41. H. Miscellaneous
42. 29Company may make rules, etc
43. Part III: Master’s court
44. 30Reconstitution of Master’s court
45. 31Meetings of Master’s court
46. 32Chairman of meetings of Master’s court
47. 33Quorum of meetings of Master’s court
48. 34Committees of Master’s court
49. 35Proceedings of Master’s court not to be invalidated by vacancies, etc
50. 36Duties of Master’s court
51. 37Accounts to be kept by Master’s court and audited
52. 38Company officials to act as officials of Master’s court
53. Part IV: Darling fund
54. 39Vesting, etc., of Darling fund in Master’s court
55. 40Payment of pensions out of Darling fund
56. Part V: Widows' fund
57. A. Maintenance of widows' fund
58. 41Maintenance of widows' fund
59. 42Closure of widows' fund to new contributors
60. B. Contributors
61. 43Stated general meetings of contributors
62. 44Special general meetings of contributors
63. 45Mode of calling meetings of contributors
64. 46Chairman of meetings of contributors
65. 47Quorum of meetings of contributors
66. 48Voting at meetings of contributors
67. 49Appointment of officials by contributors
68. 50Contributors may provide pensions, etc., for officials
69. 51Contributors may make rules
70. C. Powers of widows' fund
71. 52Powers of trustees of widows' fund
72. 53Constitution of trustees of widows' fund
73. 54Elected trustees' eligibility for re-election
74. 55Filling of vacancies among trustees
75. 56Stated general meetings of trustees
76. 57Special general meetings of trustees
77. 58Mode of calling meetings of trustees
78. 59Chairman of meetings of trustees
79. 60Quorum of meetings of trustees
80. 61Committees of trustees
81. 62Proceedings of trustees not to be invalidated by vacancies, etc
82. 63Widows' fund to be managed and administered by trustees
83. 64Distribution of widows' fund
84. 65Accounts of widows' fund to be kept by trustees and audited
85. D. Payments, etc., by contributors
86. 66Payment of annual contributions
87. 67Payment of half-yearly contributions and annuities by instalments
88. 68Contributors may alter amount of half-yearly contributions
89. 69Redemption of half-yearly contributions
90. 70Half-yearly contributions not to be payable after death of married contributors
91. 71Contributors may refund payments
92. 72Contributor may discontinue payment of half-yearly contributions on death of wife
93. 73Marriage tax payable on marriage after election
94. 74Times of payment of marriage tax
95. 75Alterations of marriage tax
96. 76Particulars of marriage, etc., to be provided by contributors
97. 77Penalty for failure to pay half-yearly contributions
98. 78Interest on payments in arrear
99. 79As to payment of half-yearly contributions, etc., of deceased contributors
100. E. Payment of annuities
101. 80Payment of annuities to widows
102. 81More than one annuity payable to widows
103. 82Annuities to be alimentary
104. 83Power to introduce new classes of beneficiaries
105. 84Rate of annuity to continue until altered
106. F. Alteration of amount of annuities
107. 85Periodical investigation of widows' fund
108. 86Contributors may alter amount of annuity
109. 87Conditions of increase of annuity
110. 88Conditions of reduction of annuity
111. G. Dissolution of widows' fund
112. 89Purchase of annuities
113. 90Application of residue of widows' fund
114. 91Widows' fund to be dissolved
115. Part VI: Endowments trust
116. A. Incorporation powers, etc., of endowments trust
117. 92Powers of endowments trust
118. 93Endowments trust fund vested in endowments trust
119. 94Constitution of endowments trust
120. 95Election and period of office of members of endowments trust
121. 96Filling of vacancies among elected members of endowments trust
122. 97Meetings of endowments trust
123. 98Chairman of endowments trust
124. 99Quorum of meetings of endowments trust
125. 100Committees of endowments trust
126. 101Proceedings of endowments trust not to be invalidated by vacancies, etc
127. 102Appointment of officials by endowments trust
128. 103Endowments trust may provide pensions, etc., for officials
129. 104Application of income of endowments trust fund
130. 105Power of endowments trust to borrow
131. 106Reserve fund of endowments trust
132. 107Accounts to be kept by endowments trust and audited
133. B. Payments, etc., to beneficiaries
134. 108Classes of beneficiaries
135. 109Minimum amount and terms of pensions
136. 110Endowments trust may provide houses, etc., for beneficiaries
137. 111Election of beneficiaries
138. 112Applications for pensions, etc
139. C. Fraser Trust
140. 113Definitions for purposes of Head C
141. 114Sir William Fraser Homes to be maintained
142. 115Qualifications of persons to occupy Sir William Fraser Homes
143. 116Election of occupants
144. 117Rights of occupants of Sir William Fraser Homes
145. 118Constitution of Fraser trustees
146. 119Fraser trustees to be members of committees to administer Sir William Fraser Homes
147. 120Application of funds retained by Fraser trustees
148. 121Fraser trustees may transfer remaining assets to endowments trust
149. D. Russell and Foster Endowment
150. 122Russell and Foster Endowment vested in endowments trust
151. 123Income of Russell and Foster Endowment to be applied in payment of pensions
152. 124Qualifications of Russell and Foster pensioners
153. 125Amount, etc., of Russell and Foster pensions
154. 126Designation of Russell and Foster beneficiaries
155. E. Variation of Trusts
156. 127Variation of trusts
157. Part VII: Joint committee
158. 128Re-establishment of joint committee
159. 129Election and period of office of members of joint committee
160. 130Filling of vacancies in joint committee
161. 131Meetings of joint committee
162. 132Chairman of joint committee
163. 133Quorum of meetings of joint committee
164. 134Proceedings of joint committee not to be invalidated by vacancies, etc
165. 135Powers of joint committee
166. Part VIII: Miscellaneous and general
167. 136Execution of deeds
168. 137Powers of investment
169. 138Borrowing and lending inter se by Company, widows' fund, endowments trust and education board
170. 139Donations, etc., may be received
171. 140Notices
172. 141Discharge of members, contributors, officials and others
173. 142Saving for town and country planning
174. 143Costs of Order