Disqualification of Members of Committee.

25. The office of a member of the Committee shall be vacated,—

(1.) If he holds any other office or place of profit under the corporation;

(2.) If he becomes bankrupt or insolvent;

(3.) If he is concerned in or participates in the profits of any contract with the corporation;

(4.) If he fails to attend four consecutive meetings of the Committee without leave granted.

A member of Committee shall not be deemed to be concerned in or to participate in the profits of the corporation by reason only of his tendering for or taking a lease of land, but he shall not vote on any question relating to such lease or the tenders therefore.