VI.—Special Meetings.

The Chairman may call a special meeting of the Board of Directors at any time stating its objects. Any three of the Directors may also call a special meeting of the Board upon giving three clear days' notice thereof to the Chairman or Manager and stating its objects.

The Chairman on receiving a written memorial signed by thirty of the investment Members requesting him to convene a Special General Meeting of the Society, or on receiving notice of appeal from any Director removed from his office, shall within seven days after the receipt of such memorial or notice of appeal fix the time for such meeting to be held and direct the Manager to convene the same by advertisement in at least one Newspaper circulating in the County of Manawatu fourteen clear days before the time appointed for holding such meeting.

The Members or Directors (as the case may be) presenting such memorial or giving such notice of appeal shall, before such meeting is appointed, deposit with the Manager such a sum of money not exceeding Twenty Pounds as the Directors may think adequate to defray the expenses of such meeting, the same to be returned if the appeal be allowed or the resolution of the memorialists adopted.

Special General Meetings of the Members may at any time be also convened by the Chairman or any four of the Directors by advertisement in at least one Newspaper circulating in the County of Manawatu fourteen clear days before the time appointed for holding such meeting. No business shall be transacted at such meetings except that of which notice has so been given.

Twelve Investment Members shall form a quorum at any special or general meeting, and all decisions by majority of the votes of Members present at any meeting in conformity with these rules be binding upon all Members of the Society.