The Pamphlet Collection of Sir Robert Stout: Volume 88
Rotation of Directors
Rotation of Directors.
Retirement of Directors.
63. The one-third or other nearest number
to retire during the first and second years ensuing the incorporation of the Company shall, unless the Directors agree among themselves, he determined by ballot, to he taken at a Board meeting, not less than one month prior to the next date of meeting for election of Directors. In any subsequent year the one-third or other nearest number who have been longest in office shall retire.
Method of retirement of Directors.
64. A retiring Director shall be re-eligible
without notice.
Retiring Director re-eligible without notice.
65. The Company at the ordinary meeting
at which any Directors retire in manner aforesaid, shall fill up the vacated offices by electing a like number of persons.
Election of Directors.
66. If at any meeting, at which an election
of Directors ought to take place, the vacancies are not filled up, the Board shall fill up the same, and the Directors so elected shall have the same tenure of office as if they had been elected by the general meeting.
If Directors not elected, Board may appoint.
67. Thirty clear days at least before an ordinary
or special general meeting, for the election of Directors, every shareholder intending to propose either himself or any other person as a candidate for election, shall give to the secretary, or other person appointed by the Directors, a notice in writing under his hand, signifying his intention to become a candidate,
or giving the name of the candidate intended to he proposed by him, and in default thereof the candidate shall not he eligible, hut this rule shall not apply to a Director retiring from office by rotation who desires to he re- elected.
Notice of proposal for election as Director.
Increase or reduction of number of Directors.
Casual vacancy in Board of Directors.