A.D. 1865.
COMPANIES.
[No. 1.
75
aforesaid, or issues or authorizes the issue of any notice, advertisement, or other official publication of such company, or signs or authorizes to be signed on behalf of such company any bill of exchange, promissory note, indorsement, cheque, or order for money or goods, or issues or authorizes to be issued any bill of parcels, invoice, receipt, or letter of credit of the company, wherein its name is not mentioned in manner aforesaid, he shall be liable to a penalty of two hundred dollars, and shall further be personally liable to the holder of any such bill of exchange, promissory note, cheque, or order for money or goods for the amount thereof, unless the same is duly paid by the company.
Meetings and Proceedings.
89. A general meeting of every company under this Ordinance shall be held once at least in every year.
90.-(1.) Every company formed under this Ordinance after the 21st day of June, 1877, shall hold a general meeting within four months after its memorandum of association has been registered.
General meeting of company. 25 & 26 Vict. c. 89 s. 49.
First general meeting of company. c. 131 s. 39.
(2.) If such meeting is not held the company shall be liable to a penalty not exceeding twenty-five dollars for every day after the expiration of such four months until the meeting is held; and every director or manager of the company, and every subscriber of the memorandum of association, who knowingly authorizes or permits such default shall be liable to the like penalty.
91.(1.) In default of any regulations as to voting, every member shall have one vote.
Provisions as to votes and meetings. c. 89 s. 52.
(2.) In default of any regulations as to summoning general meetings, a meeting shall be held to be duly summoned of which seven days' notice in writing has been served on every member in the manner in which notices are required to be served by the Table marked A in the First Schedule to this Ordinance.
(3.) In default of any regulations as to the persons to summon meetings, five members shall be competent to summon the same.
(4.) In default of any regulations as to who is to be chairman of such meeting, it shall be competent for any person elected by the members present to preside.
92.-(1.) A resolution passed by a company under this Ordinance shall be deemed to be special whenever a resolution has been passed by a majority of not less than three-fourths of such members of the company for the time being entitled, according to the regulations of the company, to vote as may be present, in person or by proxy (in cases where by the regulations of the company proxies are allowed), at any general meeting of which notice specifying the intention to propose such