Paragraph of Regulations.
Articles of Existing Deed
Remarks.
of Settlement.
of
Paragraph
Regulations,
Articles of Existing Deed of Settlement.
7
Remarks.
VOTES OF Shareholders. Contd.
THE BOARD OF DIRECTORS.-Contd.
2 2 7
79
Article 114.
80
Article 111.
=་
91
Article 119 expanded so as to meet the requirements of the Bank.
92
Compare with Article 140.
Form now required by Bank.
81
Drafted to meet Bank's instructions.
82
Article 107 substituting 3 months for one month as desired by the Bank. Compare Article 80.
83
Usual Precedent.
Minutes of General Meetings.
84 (1) Article 99 in shortened form.
Rotation of Directors.
93
A simplified form of Articles 123
and 124.
94
Is in accordance with the practice
of the Bank.
Article 126.
96
Article 125.
(2)
Article 100.
(3) Article 101.
(4) Article 102.
(5) Article 103.
99
95
9 3 9 29
97
98
(6)
Usual Precedent.
The Board of Directors.
Article 127 substituting 14 days for
2 days.
Proceedings of the Board.
Desired by Bank.
do.
85
First 4 lines of Article 116.
86
| Article 122.
87
100
Articles 130, 131 and 135.
101
Article 132, altering quorum from |
4 to 3 for convenience.
88 (1)
Article 129 omitting the words "and the person appointed" etc. as the Bank considered them undesir- able because a newly appointed Director might under these words become at once Chairman or Vice- Chairman of the Bank.
Article 118 but reducing the quali- fication to 25 shares, as desired by the Bank.
102
Desired by Bank.
103
Article 139.
104
Article 136.
105
Article 137.
106
Article 138, slightly amended at
end.
(2)
Article 120.
107
(3)
Article 121.
Article 134 amended at end so as to prevent Reg. 107 from being inconsistent with Reg. 89.
89
Desired by the Bank.
108
Article 141 in different language.
90
Latter part of Article 116.
A few years since was decided by the shareholders to increase the total remuneration of the directors to $50,000 a year.
109
New. Desired by Bank.
do.
110
73
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