The Pamphlet Collection of Sir Robert Stout: Volume 88
Proceedings of Directors
Proceedings of Directors.
Meetings of Directors, and regulations for same.
71. The Directors may delegate any of
their powers to committees consisting of such member or members of their body as they think fit. Any committee so formed, shall, in the exercise of the powers so delegated, conform to any regulations that may he imposed on them by the Directors.
Committees of Directors.
72. A committee may elect a Chairman of
the meeting's. If no such Chairman is elected, or if he is not present at the time appointed for holding the same, the members present shall choose one of their number to be Chairman of such meeting.
Committee meetings.
73. A committee may meet and adjourn
as they think proper. Questions at any meetings shall he determined by a majority of votes of the members present, and in case of an equal division of votes, the Chairman shall have a casting vote in addition to his original vote.
Proceedings of committee meetings.
74. All acts done by any meeting of the
Directors, or of a Committee of Directors, or by any person acting as a Director, shall, notwithstanding that it he afterwards discovered that there was some defect in the appointment of any such Directors, or persons acting as aforesaid, or that they or any of
them were disqualified, be as valid as if every such person had been duly appointed and was qualified to be a Director.
Acts of Directors not invalidated in certain cases.
Minutes of appointments and of all kinds of meetings.
(1.) | Of all appointments of officers made by the Directors; |
(2.) | Of the names of the Directors present at each meeting of Directors and Committees of Directors; |
(3.) | Of all orders made by the Directors and Committees of Directors; and |
(4.) | Of all resolutions and proceedings of meetings of the Company, and of the Directors and Committees of Directors : |
And any such minutes as aforesaid, if signed by any person purporting to be the Chairman of any ensuing meeting of Directors or Committee of Directors at which such minutes shall have boon read and confirmed, shall be receivable in evidence without any further proof.