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Societies to ascertain by their rules the amount of the salaries payable to their servants, and to limit their expences.
Loan fund board may reduce prospectively the amount of the salaries and other expences of any society.
Penalty on officers paying sums contrary to the provisions of this Act.
Recovery of sums paid to officers in excess.
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17. It shall not be lawful for any such society as aforesaid to pay to any clerk, officer, or servant of such society any salary or other allowance, unless the amount or maximum thereof shall have been ascertained by the rules of such society, nor to incur any expence, unless such as shall be expressly provided for by the rules of the society, or shall be necessary for the due management thereof according to such rules; and it shall and may be lawful for the loan fund board constituted under this Act from time to time, as often as they shall judge it expedient so to do, to reduce prospectively the amount of any such salary or allowance, and likewise to reduce all and every or any other expence to be incurred by any such society in the management thereof, for house rent, stationery, or otherwise; and after such reduction shall have been notified to such society it shall not be lawful for them to exceed in their payments the amount of the sums so reduced; and in case the treasurer or any other officer or officers of any loan society shall pay or disburse any sum or sums of money contrary to the provisions of this Act every person so offending shall for every such offence forfeit and pay a sum of money equal in amount to the sum or sums so illegally paid or disbursed by him as aforesaid, and in addition thereto a sum not exceeding five pounds, to be recovered as herein-after mentioned; and in case any such illegal payment as aforesaid shall have been made to any clerk or other officer or servant of such loan society it shall and may be lawful for the said loan fund board, in the name of their secretary, to sue for and recover from the clerk or other officer or servant of such society by whom the same shall have been received the amount of the sum or sums which shall have been so illegally paid, together with costs of suit.
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