CO129-520-7 Public Utility companies- acquisition by foreign groups 4-12-1929 - 26-1-1930 — Page 81

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Meeting to fill up vacancies.

Retiring directors to remain in office till successors

appointed.

Power of general meeting to increase or reduce

number of directors.

When

candidate for office of Director must give notice.

Register of Directors

and

44

previously vacated office. The retiring Directors shall be eligible for re-election.

up

131. The Company at any General Meeting at which any Directors retire in manner aforesaid, shall fill the vacated office by electing a like number of persons to be Directors and without notice in that behalf may fill up any other vacancies.

132. If at any General Meeting at which an election of Directors ought to take place, the places of the retiring Directors are not filled up, the retiring Directors or such of them as have not had their places filled shall be

up deemed to have been re-elected and shall if willing continue in office until the next ordinary yearly meeting and so on from year to year until their places are filled up, unless it shall be determined at such meeting to reduce the number of Directors.

133. The Company may from time to time in general meeting increase or reduce the number of Directors, and may alter their qualification and remuneration and may also determine in what rotation such increase or reduced number is to go out of office but so that the number of Directors shall never be less than eight.

134. No person, not being a retiring Director, shall, unless recommended by the Directors for election, be eligible for election to the office of Director at any General Meeting, unless he, or some other shareholder intending to propose him, has, at least fourteen clear days before the meeting, left at the Office of the Company a notice in writing duly signed, signifying his canditature for the office, or the intention of such shareholder to propose him.

135. The Company shall keep at its Registered Office a register containing the names and addresses and notification occupations of its Directors and shall send to the Registrar of Companies a copy of such register and shall from time to time notify to the Registrar any change that takes place in such Directors as required by Section 76 of the Companies Ordinance 1911.

of changes

to Registrar.

Power to

remove

136. The Company may by Resolution provided there are present at the meeting at which such Resolution