1. The business of the Society shall be conducted by a Committee of Management consisting of a President of the Society, and not loss than seven members (one of whom may be the Treasurer), two Trustees, two Auditors, a Treasurer, a Surveyor and Valuator, a Solicitor, and Actuary and Secretary, all of whom must be shareholders.

2. The President of the Society shall be the Chairman of the Committee of Management, and in the event of his absence of any meeting, a Chairman for the occasion shall be appointed by the Committee present.

3. The Annual General Meeting shall be holden in the month of December in every year during the continuance of the Society, at which meeting four members of the Committee shall retire, who shall be eligible for re-election. The retiring members for the first year shall be selected by lot under the direction of the Committee of Management; and afterwards the order of retirement shall be determined by rotation.

4. The officers of this Society shall be separately elected and all questions decided by a majority of votes; and the sense of the meeting taken by a show of hands, or by. a division, or by ballot if demanded, in all cases not hereinbefore or otherwise specially provided for; and except in such cases, no member shall be entitled to more than one vote, and the chairman shall have a deliberative, as well as in all cases of equality of votes, the casting vote.

5. No minor, nor female, shall be competent to serve in any office of this Society, but may hold shares.

6. Any member having held office shall, for the space of one year after such servitude, be exempt from service, but shall be eligible to serve in any office during that period if re-elected with his consent.