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The Pamphlet Collection of Sir Robert Stout: Volume 88

XXIX. —Mode of Voting

XXIX. —Mode of Voting.

At all meetings members shall be entitled to vote as under:—
  • Members holding from 1 to 10 capital or investment shares, 1 vote
  • Members holding from 11 to 25 capital or investment shares, 1 vote
  • Members holding from 26 to 50 capital or investment shares, 1 vote
  • Members holding from 51 to 75 capital or investment shares, 1 vote
  • Members holding from 76 to 100 capital or investment shares, 1 vote
but where members hold both capital and investment shares, the number of votes exercisable by such members shall be reckoned on the aggregate number of their shares of both classes.

No number of shares shall confer more than five votes.

At any general meeting members may vote by proxy, such proxy to be appointed by writing: Provided always that no member who shall not have paid at least three monthly subscriptions shall be entitled to vote in respect of such shares at any meeting.