The Pamphlet Collection of Sir Robert Stout: Volume 88
V.—Management
V.—Management.
The Directors whose names are prefixed hereto, shall continue to [ unclear: be] the Directors of the Association, subject to retirement as [ unclear: hereinafter] provided.
Board of Directors
Retirement of Directors.
[ unclear: be]
separately elected at the annual meeting, and any member[ unclear: intending]
to offer himself as a Director at any annual meeting, shall[ unclear: give]
Election of Directors.
[ unclear: an]
occupation, to the Manager, at least fourteen days previously such meeting, and such notice shall forthwith be posted up in[ unclear: the]
Offices of the Association, and advertised before the annual[ unclear: meeting]
in one or more newspapers circulating in the Canterbury[ unclear: District]
Qualification of Directors.
[ unclear: equivalent]
in B Investment shares. In the event of any vacancy[ unclear: occurring]
in the number of Directors during the current year of office,[ unclear: to]
remaining Directors shall till up their number provisionally until[ unclear: the]
next annual meeting.Appointment and duties of Chairman.
[ unclear: the]
Board of Directors, or of the Association, the members of the[ unclear: Board]
or of the Association present, as the case may be, shall appoint Chairman for such meeting. At every such meeting, whether of[ unclear: Directors]
or Shareholders, the Chairman for the time being shall have original as well as a easting vote.Meetings of Board.
[ unclear: the]
Board of Directors, the minutes of the previous meeting shall first read and confirmed; the Bank-book shall be then produced[ unclear: are]
inspected, and the amount paid in since the last meeting declared[ unclear: as]
entered as the first minute.Special Meetings Bords.
[ unclear: Director]
at any time, stating its objects. Any three of the Directors may[ unclear: also]
call a special meeting of the Board, upon giving seven clear days notice thereof to the Chairman or Manager, and stating its object.Appointment of Auditor.
[ unclear: one]
at least during each year, and sign the annual statement of[ unclear: the]
Association's affairs, and such Auditors shall be required to inspect[ unclear: all]
mortgages and other securities belonging to the said Association.[ unclear: tions]
Statement of Accounts to be summitted annually.
[ unclear: effects]
of the Association shall be then remaining; together with an[ unclear: account]
of all sums of money received and expended on account of[ unclear: the]
said Association since the publication of the preceding peri-[ unclear: odical]
statement, to be annually prepared and audited seven days[ unclear: of]
least before the Annual General Meeting of the members at; which[ unclear: such]
statement is to be submitted; and each member shall be entitled[ unclear: to]
receive, upon application at the Association's Office, a copy of such[ unclear: statement]
as audited, and a copy of the Directors' intended report, one[ unclear: day]
at least prior to the General Meeting, for the submission of the[ unclear: [ gap — reason: ilegible]me.]
Payment of moneys. How to be made.
[ unclear: [ gap — reason: ilegible]om,]
or to be advanced by, the Association; and all payments above 2 shall be made by them by cheques upon the Bankers, signed by[ unclear: two]
Directors, and countersigned by the Manager. They shall, from me to time, inspect the books kept by the Manager. They may, if[ unclear: they]
shall think fit, divide themselves into or appoint ExecutiveExecutive Committees may be appointed.
[ unclear: committees,]
or an Executive Committee, consisting of two or more[ unclear: directors,]
for the more convenient transaction of the business of[ unclear: the]
Association, provided always that the Chairman for the time[ unclear: being]
shall be ex-officio a member of every such Executive Committee,[ unclear: the]
Board of Directors shall have power to appoint a Manager,Board may appoint agents or other officers.
[ unclear: :]
other Officers, with such remuneration for their services as they shall[ unclear: think]
fit. A sum of not less than £300 shall be annually allowed the Board of Directors for their services, which sum shall be[ unclear: divided]
amongst them, according to attendance.No Director to vote when personally interested.
[ unclear: interest]
or conduct, nor shall be be present when any such question[ unclear: shall]
be put to the vote.Removal of Manager, [ unclear: Solicit] or or Banker.
[ unclear: their]
respective offices but by a majority of two-thirds of the Directors resent at a special meeting called for that purpose; and whenever[ unclear: any]
of the said officers shall resign or be removed from their said Bices, a majority of the Directors present at a special meeting, to be filled for the purpose, shall elect a successor or successors.