The Pamphlet Collection of Sir Robert Stout: Volume 88
Votes Of Shareholders
Votes Of Shareholders.
46. At a poll every shareholder shall have one vote for the whole number of shares that he possesses not exceeding five, and one additional vote for every complete number of five shares after the first five up to one hundred." He shall have one additional vote for every complete twenty shares beyond the first one hundred shares up to five hundred, but no number of shares shall confer more than forty votes upon the holder thereof.
47. If any shareholder is a lunatic or an idiot he may vote by his committee; and if any shareholder is a minor he may vote by his guardian—or any one of his guardians—if more than one, but no such committee or guardian shall be entitled to vote unless he shall have deposited at the registered office of the Company not less than forty-eight hours before the time of holding the meeting at which he proposes to vote, all such evidence as the Board may require of his holding the appointment as such committee or guardian.
48. If one or more persons are jointly entitled to a share or shares, the person whose name stands first in the register of shareholders as one of the holders of such share or shares, and no other shall be entitled to vote in respect of the same unless such shareholders shall, by writing under their hands, otherwise direct.
49. No shareholder shall be entitled to take part in the proceedings or vote at any meeting or poll unless all instalments and calls and other moneys due from him in respect of his shares have been paid, nor until he shall have been the registered owner of his shares three calendar months, unless such shares shall have been acquired, or shall have come by bequest, or by marriage, or by succession to an intestate's estate, or by any deed of settlement after the death of any person who shall have been entitled for life to the dividend of such shares : Provided, however, that no resolution, whether general or special, passed at any meeting of the Company, shall at any subsequent period be set aside or treated as null on the ground that one or more shareholders may have voted at such meeting without being entitled to do so, or that any shareholder has exercised more votes than he is entitled to.
50. Votes may be given either personally or by proxies. A proxy shall be appointed in writing under the hand of the appointor, or if such appointor is a corporation, under is common seal.
51. The form of the instrument of proxy shall be as follows, or as near there to as circumstances shall admit:—
I, the undersigned, a shareholder of "The Northern Land, Loan, and Building Company of Wellington (Limited)," hereby appoint____, another shareholder of the Company, 40. to act as my proxy at the general meeting of the Company, to be holden on the____day of____18____, and at every adjournment thereof and at every poll to be taken in consequence thereof.
As witness my hand this____day of____, 18____Witness—
52. No person shall be appointed a proxy who is not a shareholder, and the instrument appointing him shall be deposited at the registered office of the Company on or before the day previous to that appointed for holding the meeting at which he proposes so to vote: but no instrument appointing a proxy shall be valid after the expiration of one calendar month from the date of its execution.
53. A vote given in accordance with the terms of a proxy shall be valid, notwithstanding the previous death of the principal or revocation of the proxy or transfer of the share or shares in respect of which the vote is given : Provided that no intimation in writing of the death or revocation or transfer has been received in the registered office of the Company before the meeting.
54. Any shareholder who holds a power of attorney from another shareholder authorising him to sell or dispose of the shares of such last named shareholder, or generally to deal with such Shares, may, if authority be given him by such power of attorney, vote in respect of the shares held by such shareholder; such power of attorney must be left for inspection at the office of the Company in the like manner as an ordinary proxy form. The Directors, before allowing any one to vote under such power of attorney, may, if they think fit, require a declaration from the person proposing to vote that the power of attorney is not revoked.
55. The person acting as Chairman at a general meeting shall in every case of an equality of votes, on a poll or otherwise, have a casting vote in addition to his votes as a shareholder.