410

Minutes of
proceedings
of meetings
and
directors.

Inspection
of minute
books.

Ch. 31. No. 1.] Companies.

the resolution shall for all purposes be treated as having
been passed on the date on which it was in fact passed, and
shall not be deemed to have been passed on any earlier date.

118. (1) Every company shall cause minutes of all pro-
ceedings of general meetings, and where there are directors
or managers, of all proceedings at meetings of its directors
or of its managers, to be entered in books kept for that
purpose.

(2) Any such minute if purporting to be signed by
the chairman of the mecting at which the proceedings were
had, or by the chairman of the next succeeding meeting,
shall be evidence of the proceedings.

(3) Where minutes have been made in accordance
with the provisions of this section of the proceedings at
any general meeting of the company or mecting of directors
or managers, then, until the contrary is proved, the meeting
shall be deemed to have been duly held and convened, and
all proceedings had thereat to have been duly had, and all
appointments of directors, managers, or liquidators, shall
be deemed to be valid.

119. (1) The books containing the minutes of proceedings
of any general meeting of a company held after the com-
mencement of this Ordinance shall be kept at the registered
office of the company, and shall during business hours
(subject to such reasonable restrictions as the conrpany may
by its articles or in general mecting impose, so that not less
than two hours in each day be allowed for inspection) be
open to the inspection of any member without charge.

(2) Any member shall be entitled to be furnished
within seven days after he has made a request in that
behalf to the company with a copy of anv such minutes
as aforesaid at a charge not exceeding twelve cents for every
hundred words.

(3) If any inspection required under this section is
refused or if any copy required under this section is not sent
within the proper time, the company and every officer of the
company who is in default shall be liable in respect of each
offence to a fine of ten dollars and further to a default fine
of ten dollars.