The Pamphlet Collection of Sir Robert Stout: Volume 88

Proceedings of Directors

Proceedings of Directors.

71. The Directors may delegate any of their

Committees Directors.

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 be imposed on them by the Directors.
72. A committee may elect a Chairman

Committee meetings.

of their meetings. 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 bo Chairman of such meeting.
73. A committee may meet and adjourn as

Proceedings of committee meetings.

they think proper. Questions at any meetings shall be 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.

Minutes of all appointments, meetings, &c., to be kept by Directors.

75. The Directors, and Committees of Directors respectively, shall cause minutes to be made in books provided for the purpose—
(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 been read and confirmed, shall be receivable in evidence without any further proof.