62
Paragraph
of Regulations.
50
Articles of Existing Deed of Settlement.
· 51
Remarks.
Paragraph
of Regulations.
Articles of Existing Deed
of Settlement.
Remarks.
THE BOARD OF DIRECTORS.-Contd.
Powers of the Board.
111
F
91
Article 119 expanded so as to meet the requirements of the Bank.
Compare with Article 147.
112
92
Compare with Article 140.
Form now required by Bank.
Is an expanded form of Articles 142- 146 inclusive and Articles 148- 150. See also Article 201.
Board Minute Book.
Usual Precedent.
Based on Company Precedents.
i
Rotation of Directors.
93
A simplified form of Articles 123
113
Article 159.
and 124,
114
Article 160.
94
95
Article 126.
96
Article 125.
97
98
99
Is in accordance with the practice
of the Bank.
115
Article 161.
116
Article 162.
117
Article 163, omitting words "order
or" as unnecessary.
Desired by Bank.
do.
Chief Manager.
Article 127 substituting 14 days for
2 days.
Proceedings of the Board.
118-120
In accordance with practice of the
Bank.
Local Management.
121
In accordance with practice of Bank.
100
Articles 130, 131 and 135.
101
Article 132, altering quorum from
The Common Seal.
4 to 3 for convenience.
122
102
Desired by Bank.
Provision for continuance of Com-
mon Seal.
103
Article 139.
123 (1) Article 10.
104
Article 136.
(2) Article 11 with addition re signature
of Chief Manager.
Present practice of Bank.
105
Article 137.
(3) Article 9.
106
Article 138, slightly amended at
end.
Official Seal.
107
Article 134 amended at end so as
to prevent Reg. 107 from being inconsistent with Reg. 89.
124
108
Article 141 in different language.
109
New. Desired by Bank.
Capitalisation of Undivided Profits.
Required by Bank to cover cases of London and Shanghai where there is an Official Seal but not a Com- mon Seal.
110
do.
125
Desired by Bank.
63
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