566758-1929-Supplementary-Advertisements — Page 19

Definition

of "Extra- ordinary" Resolution.

Definition

of "Special" Resolution.

Nctice of Meeting.

Two meet-

ings conven- ed by one notice.

General Business at General Meeting.

Special business.

Quorum.

Chairman

of Meeting.

318

(c) If at any such meeting a resolution requiring confirmation at another meeting is passed, the Board shall forthwith convene a further extraordinary general meeting for the purpose of con- sidering the resolution, and if thought fit, of confirming it as a special resolution, and if the Board do not convene the meeting within seven days from the date of the passing of the first” resolution, the requisitionists or a majority of them in value may themselves convene the meeting.

(d) Any meeting convened under this regulation by the requisi- tionists as aforesaid shall be convened in the same manner, as nearly as possible, as that in which meetings are to be convened by the Board.

60. A resolution shall be an extraordinary resolution when it has been passed by a majority of not less than three-fourths of such shareholders. entitled to vote as are present in person or by proxy at a general meeting of which notice specifying the intention to propose the resolution as an extraordinary resolution has been duly given.

61. A Resolution shall be a special resolution when it has been—

(a) passed in manner required for the passing of an extraordinary

resolution; and

(b) confirmed by a majority of such shareholders entitled to vote as are present in person or by proxy at a subsequent general meet- ing, of which notice has been duly given, and held after an interval of not less than fourteen days, nor more than one month, from the date of the first meeting.

62. Ten days notice (except for an adjourned meeting as provided for in regulations 67 and 68) to the shareholders of every meeting specify- ing the place, day and hour of meeting, and, in case of special business, specifying also the general nature of such business, shall be given by ad- vertisement in one or more daily newspapers printed and circulating in the Colony.

63. When it is proposed to pas a special resolution, the two meet- ings may be convened by one and the same notice, and it is to be no objec- tion to such notice that it only convened the second meeting contingently on the resolution being passed by the requisite majority at the first meeting.

64. The business of an ordinary yearly general meeting shall be to receive and consider the profit and loss account, the balance sheet, and the reports of the Directors and of the auditors, to elect Directors, in the place of those retiring by rotation or otherwise, and auditors, to sanction divid- ends, and to transact any other business which under these regulations ought to be transacted at an ordinary yearly general meeting. All other business transacted at an ordinary yearly general meeting and all business transacted at any extraordinary general meeting shall be deemed special.

65. Thirty shareholders personally present shall be a quorum for the purpose of transacting all the ordinary business of an ordinary yearly general meeting as mentioned in regulation 64 and also for the purpose of transacting special business at an ordinary yearly general meeting and at all extraordinary general meetings of the Bank. No business shall be trans- acted at any general meeting unless the requisite quorum shall be present at the commencement of the business.

66.-(1) The Chairman of the Board, or in his absence the Deputy Chairman of the Board, shall take the chair at every general meeting or if there be no such Chairman or Deputy Chairman, or if at any general meet- ing the Chairman or Deputy Chairman shall not be present within fifteen minutes after the time appointed for holding such meeting, the shareholders