A.D. 1865.
COMPANIES.
[No. 1.
111
hour of meeting, and, in case of special business, the general nature of such meeting. business, shall be given to the members in manner hereinafter mentioned, or in such other manner, if any, as may be prescribed by the company in general meeting; but the non-receipt of such notice by any member shall not invalidate the proceedings at any general meeting.
business.
36. All business shall be deemed special that is transacted at an extraordinary meeting, and all that is transacted at an ordinary meeting, with the exception of sanctioning a dividend and the consideration of the accounts, the balance sheets, and the ordinary report of the directors.
37. No business shall be transacted at any general meeting, except the declaration of a dividend, unless a quorum of members is present at the time when the meeting proceeds to business; and such quorum shall be ascertained as follows; that is to say, if the persons who have taken shares in the company at the time of the meeting do not exceed ten in number, the quorum shall be five; if they exceed ten, there shall be added to the above quorum one for every five additional members up to fifty, and one for every ten additional members after fifty, with this limitation, that no quorum shall in any case exceed twenty.
in default of quorum.
38. If within one hour from the time appointed for the meeting a quorum is not present, the meeting, if convened on the requisition of members, shall be dissolved; in any other case it shall stand adjourned to the same day in the next week, at the same time and place; and if at such adjourned meeting a quorum is not present, it shall be adjourned sine die.
39. The chairman, if any, of the board of directors shall preside as chairman at every general meeting of the company.
Ordinary
chairman,
40. If there is no such chairman, or if at any meeting he is not present within fifteen minutes after the time appointed for holding the meeting, the members present shall choose some one of their number to be chairman.
41. The chairman may, with the consent of the meeting, adjourn any meeting from time to time and from place to place, but no business shall be transacted at any adjourned meeting other than the business left unfinished at the meeting from which the adjournment took place.
when carried.
42. At any general meeting, unless a poll is demanded by at least five members, a declaration by the chairman that a resolution has been carried, and an entry to that effect in the book of proceedings of the company, shall be sufficient evidence of the fact, without proof of the number or proportion of the votes recorded in favour of or against such resolution.
43. If a poll is demanded by five or more members it shall be taken in such manner as the chairman directs, and the result of such poll shall be deemed to be the resolution of the company in general meeting. In the case of an equality of votes at any general meeting, the chairman shall be entitled to a second or casting vote.
A.D. 1865.
COMPANIES.
[No. 1.
111
hour of meeting, and, in case of special business, the general nature of such meeting. business, shall be given to the members in manner hereinafter mentioned, or in such other manner, if any, as may be prescribed by the company in general meeting; but the non-receipt of such notice by any member shall not invali- date the proceedings at any general meeting.
business.
36. All business shall be deemed special that is transacted at an extraor- Special dinary meeting, and all that is transacted at an ordinary meeting, with the exception of sanctioning a dividend and the consideration of the accounts, the balance sheets, and the ordinary report of the directors.
37. No business shall be transacted at any general meeting, except the de- Quorum. claration of a dividend, unless a quorum of members is present at the time when the meeting proceeds to business; and such quorum shall be ascertain- ed as follows; that is to say, if the persons who have taken shares in the company at the time of the meeting do not exceed ten in number, the quorum shall be five; if they exceed ten, there shall be added to the above quorum one for every five additional members up to fifty, and one for every ten addi- tional members after fifty, with this limitation, that no quorum shall in any case exceed twenty.
in default of quorum.
38. If within one hour from the time appointed for the meeting a Provision quorum is not present, the meeting, if convened on the requisition of mem- bers, shall be dissolved; in any other case it shall stand adjourned to the same day in the next week, at the same time and place; and if at such adjourned meeting a quorum is not present, it shall be adjourned sine die.
39. The chairman, if any, of the board of directors shall preside as chair- Ordinary man at every general meeting of the company..
chairman,
40. If there is no such chairman, or if at any meeting he is not present Election of within fifteen minutes after the time appointed for holding the meeting, the chairman. members present shall choose some one of their number to be chairman.
41. The chairman may, with the consent of the meeting, adjourn any meet- Adjournment ing from time to time and from place to place, but no business shall be trans- of meeting. acted at any adjourned meeting other than the business left unfinished at the meeting from which the adjournment took place.
when carried.
42. At any general meeting, unless a poll is demanded by at least five mem- Resolution bers, a declaration by the chairman that a resolution has been carried, and an entry to that effect in the book of proceedings of the company, shall be sufficient evidence of the fact, without proof of the number or proportion of the votes recorded in favour of or against such resolution.
43. If a poll is demanded by five or more members it shall be taken in such Poll and manner as the chairman directs, and the result of such poll shall be deemed to casting vote. be the resolution of the company in general meeting. In the case of an equality of votes at any general meeting, the chairman shall be entitled to a second or casting vote..
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