1890_COMPANIES_ORDINANCE__1865 — Page 51

(45.) If

ORDINANCE No. 1 OF 1865.

Companies, &c. (First Schedule.)

any member is a lunatic or idiot he may vote by his committee, or other legal representative.

(46.) If more persons than one are jointly entitled to a share or shares, the member whose name stands first in the register of members as one of the holders of such share or shares, and no other, shall be entitled to vote in respect of the same.

(47.) No member shall be entitled to vote at any general meeting unless all calls due from him have been paid, and no member shall be entitled to vote in respect of any share that he has acquired by transfer at any meeting held after the expiration of three months from the registration of the company, unless he has been possessed of the share in respect of which he claims to vote for at least three months previously to the time of holding the meeting at which he proposes to vote.

(48.) Votes may be given either personally or by proxy.

(49.) The instrument appointing a proxy shall be in writing, under the hand of the appointor, or if such appointor is a corporation, under their common seal, and shall be attested by one or more witness or witnesses: no person shall be appointed a proxy who is not a member of the company.

(50.) The instrument appointing a proxy shall be deposited at the registered office of the company not less than seventy-two hours before the time for holding the meeting at which the person named in such instrument proposes to vote, but no instrument appointing a proxy shall be valid after the expiration of twelve months from the date of its execution.

(51.) Any instrument appointing a proxy shall be in the following form:-

Company Limited.

I

of

and entitled to

being a member of the

vote or

votes, hereby appoint

Company Limited,

of

as

+

my proxy, to vote for me and on my behalf at the [ordinary or extraordinary, as the case may be] general meeting of the company, to be held on the

day of

and at any adjournment thereof [or at any meeting of the company that may be held in the year

day of

As witness my hand, this

>

].

186

in the presence of

Signed by the said

Directors.

(52.) The number of the directors, and the names of the first directors, shall be

determined by the subscribers of the memorandum of association.

(53.) Until directors are appointed the subscribers of the memorandum of association

shall be deemed to be directors.

(54.)

The future remuneration of the directors, and their remuneration for services performed previously to the first general meeting, shall be determined by the company in general meeting.

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