Compulsory rules

The rules of a friendly society shall provide that, rules. (a) its funds, until invested as hereinafter provided, shall only be authorised to be paid away at the usual meetings of the committees of such society by orders, signed by at least three of the trustees, and countersigned by the secretary or steward; and (b) the treasurer shall give security in the form in the First Schedule, with one or more bondsmen, in such sum as the friendly society may determine, and it shall be lawful 10 to sue upon such bond in the names of the trustees for the time being.