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ing the meetings and proceedings of the Directors, so far as the same are applicable thereto, and are not superseded by any regulations made by the Directors, under the last preceding Article.
or Com-
147. All acts done by any meeting of the Directors When acts or by a Committee of Directors, or by any person acting of Directors as a Director shall, notwithstanding that it shall be mittee to be afterwards discovered that there was some defect in the valid not- appointment of such Directors or persons acting as withstanding aforesaid or that they or any of them were disqualified, be as valid as if every such person had been duly appointed and was qualified to be a Director.
defects.
board in
148. The powers of functions of the Board shall Powers of not cease or be suspended so long as the Board consists quorum of of a sufficient number of Directors to form a quorum, certain cases. although the number of Directors has from any cause whatever fallen below the prescribed lowest number of Directors.
149. A resolution in writing signed by all the Directors' Directors shall be as valid and effectual as if it had been Resolutions. passed at a meeting of the Directors duly called and
constituted.
tion for extra service.
150. If any Director, being willing, shall be call- Remunera- ed upon to perform extra services, or to make any special exertions for any of the purposes of the Com- pany, the Company may remunerate the Director so doing, either by a fixed sum or by a percentage of profits, or otherwise as may be determined by the Directors, and such remuneration may be either in addi- tion to or in substitution for the share of such Director in the remuneration above provided.
Minutes.
151.--(1) The Directors shall cause minutes to be Minutes to duly entered in a book provided for the purpose :—
(a) Of all appointments of officers, managers, clerks, servants, and employees of the Com- pany.
be made.
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