ORDINANCE No. 5 of 1866.
Hongkong and Shanghae Bank.
a court of directors to be elected by the shareholders of the company, as by the said deed shall be provided, and, until such election, by a court of directors to be named in the said deed, and whereby provision shall also be made for the payment, by the shareholders, of all monies to become due in respect of the instalments on the shares taken by them, and also of such further or other sums as are hereinafter provided, and in which said deed of settlement shall be contained (in addition to all such further provisions as shall be by the Governor considered necessary and usual in like cases for the management of the affairs of the company) provisions for effectuating the following objects, that is to say:--
First. For holding general meetings of the company once at least in every year at an appointed time and place. Second. For holding extraordinary general meetings of the company upon the requisition of nine or more shareholders, holding in the whole at least two thousand shares in the company.
Third. For the management of the affairs of the company and the election and qualification of the directors.
Fourth. For the retirement of at least one-fourth of the directors of the company yearly.
Fifth. For preventing the company from purchasing any shares, or making advances of money, or securities for money, to any person, on the security of a share or shares in the company.
Sixth. For the publication, as shall be directed in the said deed, of the assets and liabilities of the company, and of the amounts of promissory notes in circulation, and of the coin held in the establishments of the said company in the Colony or elsewhere.
Seventh. For the verification of such statements, and for the furnishing of such further information as the said Governor of Hongkong may require, respecting the state and proceedings of the banking establishments of the company in the Colony or elsewhere.
Eighth. For the yearly audit of the accounts of the company by two or more auditors, not being directors at the time.
8.99
Page 5
Page 6