Board of Management.

16. For the purpose of conducting the business of this Society, there shall be the following officers, viz.:—Three Trustees, being members of the Society, who may sit at the Board but not vote; and eight Directors, each of whom shall hold not less than twenty shares in the Society. These shall compose a Board of Management, four of whom shall form a quorum and have power to act. The following shall be and are hereby appointed the first Trustees:—William Dymock, John Anderson, John Ollivier; and the following the first Directors:—Frederick Jenkins, Geo. Booth, Henry Sawtell, Andrew Duncan, Jas. P. Jameson, William Harris, William Wilson, Edwin C. Mouldey.

Three Directors shall retire the first year, four the second year, and so on alternately, and the vacancies shall be supplied at each annual by meeting by ballot, from amongst the duly qualified members; but page 10 retiring members shall be eligible for re-election; provided always that no person shall be eligible for a Director unless he shall have given written notice to the Secretary of his intention to become a candidate before the day of election, and unless all payments due by him to the Society shall have been satisfied. In case of any extraordinary vacancy arising in the Directorship, the Board shall have power to appoint some one from amongst the members, duly qualified, to hold office until the next annual general meeting.