62.-If the requisite quorum is present and both the President and Vice-President remain absent for the period of fifteen minutes after the time appointed for holding the meeting, or if being present they both decline to take the Chair, the Shareholders present shall choose one of the Directors as Chairman; and in case the President, Vice-President, and the Directors are all absent or decline to take the Chair, the Shareholders shall choose a Chairman from among their number.
63.-All business to be transacted at a General Meeting shall, except in the case mentioned in Article 64 hereof, be decided by a majority of votes of the Shareholders present, and in case of a tie vote the Chairman shall have the casting vote. Resolutions carried at a General Meeting shall be entered in the minutes of the meeting, and the Chairman of the meeting shall sign and seal the same.
64.-No Extraordinary General Meeting shall be competent to transact the business mentioned in paragraphs 1 and 2 of Article 51 hereof unless there be present personally or by proxy at least one-half of the whole number of the Shareholders, representing in the aggregate at least one-half the total number of shares, and no such business shall be transacted unless with the concurrence of at least two-thirds of the votes present at the meeting.
VOTES OF SHAREHOLDERS.
65.-Any person who has been a Shareholder for sixty days preceding a general meeting shall have one vote for every share up to ten shares held by him; and he shall have one vote for every five shares exceeding ten shares and not exceeding one hundred shares and one vote for every ten shares exceeding one hundred shares. The holders of new shares shall have the same voting capacity as holders of old shares.
66.-No person is entitled to be present or to vote at a general meeting unless he has been a Shareholder for at least sixty days preceding the meeting.
67.-If a Shareholder is prevented from voting on account of being a minor, of unsound mind, or any other disability, his guardian may vote on his behalf.
68.-The votes for shares held by corporations or firms shall belong to the representatives thereof whose names are entered for the purpose in the Register of Shares.
69.-Every question submitted to a General Meeting shall be decided by a poll, but in the absence of objection on the part of the Shareholders present the Chairman may have recourse to standing votes or show of hands.
THE BUSINESS OF THE BANK.
70.-The Bank shall engage in Japan and in foreign countries in ordinary banking business and shall carry on the following transactions:--
(1.) To deal in foreign bills with or without securities.
(2.) To deal in inland bills with or without securities.
(3.) To lend or advance money.
(4.) To receive deposits of money or valuables for safe custody.
(5.) To discount, buy, and sell bills of exchange, promissory notes, and other negotiable instruments.
(6.) To Exchange Coins or Moneys.
(7.) To collect the payments of bills of exchange, promissory notes, and other negotiable instruments.
71.-The Bank may, if deemed expedient, buy or sell public bonds, bullion, foreign coins or moneys.
72.-The Bank may, by the order of and on behalf of the Japanese Government, transact in Japan or in Foreign countries any business relating to the moneys, loans, drafts, and other matters concerning the finances of the State.
73.-The Bank shall engage in no business other than those mentioned in Articles 70, 71, and 72 hereof.
74.-Loans made by the Bank to one individual person, corporation, or firm, shall not exceed one-tenth part of the capital of the Bank.
75.-The total amount of advances that may be made without securities or on real property, shall not exceed the following proportion of the aggregate amount of the capital and reserve fund of the Bank taken together:--
(1.) One-tenth for advances without securities (bills of exchange excepted).
(2.) One-twentieth for advances on real property.
76.-The Bank shall not buy or hold any real or personal property (bullion, public bonds, bills of exchange, promissory notes, drafts, cheques, and other negotiable instruments, excepted) or shares or other property except in the following cases:--
(1.) The land, buildings, and other property necessary for carrying on the business of the Bank.
(2.) Such land, buildings, shares, and other property as may have been transferred or sold to the Bank by debtors or sureties, or lenders of the securities, for repayment of debts due to the Bank.
(3.) Securities held by the Bank which are sold at auction in connection with legal proceedings taken by the Bank.
77.-No shares of the Bank shall be bought or taken as security, except in cases where debtors fail to pay off their debts and no other securities or means exist for recovering such debts.
78.-All real and personal property, shares, and other property bought or taken under paragraphs 2 and 3 of Article 76 and Article 77 hereof shall be sold within ten months after the same comes into the possession of the Bank, but if there be no buyer or the price offered is deemed inadequate by the Board of Directors, such sale may be deferred with the permission of the Minister of State for Finance.
79.-Applications to Government offices, contracts, guarantees, powers of attorney, reports, and papers connected with legal proceedings, and other important documents shall bear the seal of the Bank and shall be signed and sealed at the Head Office by ...
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