127
Paragraph
of
Regulations.
Articles of Existing Deed of Settlement.
PROCEEDINGS AT GENERAL MEETINGS. Continued.
46
I
Remarks.
47
Paragraph
of Regulations.
Articles of Existing Deed of Settlement.
Remarks.
VOTES OF SHAREHOLDERS.-Contd.
79
Article 114.
62
Article 86 in part.
63
| The Bank does not consider it desir- able, owing to possible difficulties of proof, to be compelled to call a meeting except by advertisement.
Usual Precedent.
80
Article 111.
81
Drafted to meet Bank's instructions.
82
Article 107 substituting 3 months
for one month as desired by the
64
Article 87 modified as per modern
precedent.
Bank. Compare Article 80.
83
Usual Precedent.
65
Article 90 modified and modernized.
The Bank desires to substitute 30 for
40 shareholders as a quorum.
66 (1) Article 92 modified as per modern
precedent.
Minutes of General Meetings.
84 (1) Article 99 in shortened form.
(2) Article 91.
67
Usual Precedent.
68
69
Articles 84 and 85 shortened as per
modern precedent.
(Compare First 3 lines of Article Usual Precedent.
104 and Articles 109 and 110).
(2) Article 100.
(3) Article 101.
(4) Article 102.
(5) Article 103.
(6)
Usual Precedent.
70
(Compare Middle part of Article
104.)
do.
The Board of Directors.
71
(Compare Latter part of Article
104.)
do.
85
72
do.
do.
18+
86
First 4 lines of Article 116.
Article 122.
87
73
Votes of Shareholders.
74
Articles 105 and 106.
75
76
77
78
(Part of Article 113 substituting 48 hrs. for 24 hrs. as desired by the Bank and with the addition of the usual words "No instrument date of its execution").
(Part of Article 113. The last sent- ence incorporates the last half of line 2 of Article 112.)
Palmer. 11th Ed. Vol. 1. p. 704.
Usual Precedent.
See Form in Palmer, 11th Ed. Vol.
1. p. 706.
Based on Form 78 in Palmer 11th
Ed. Vol. 1. p. 705, but omitting at the Bank's desire the last 2 lines.
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.
88 (1) Article 118 but reducing the quali- fication to 25 shares, as desired
by the Bank.
(2) Article 120.
(3) Article 121.
89
90
Latter part of Article 116.
Desired by the Bank.
A few years since it was decided by the shareholders to increase the total remuneration of the directors to $50,000 a year.
128
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