Compantes. [Ch. 31. No. 1.

 

48. If there is no such chairman, or if at any meeting he is not present
within fifteen minutes after the time appointed for holding the mecting or
is unwilling to act as chairman, the members present shall choose some one
of their number to be chairman.

49. The chairman may, with the consent of any mecting at which
a quorum is present (and shall if so directed by the meeting), adjourn
the meeting from time to time and from place to place, but no business
shall be transacted at any adjourned meeting other than the business left
unfinished at the meeting from which the adjournment took place. When
a meeting is adjourned for ten days or more, notice of the adjourned
meeting shall be given as in the case of an original meeting. Save as
aforesaid it shall not be necessary to give any notice of an adjournment
or of the business to be transacted at an adjourned mecting.

50. At any general meeting a resolution put to the vote of the mecting
shall be decided on a show of hands, unless a poll is (before or on the
declaration of the result of the show of hands) demanded by at least three
members present in person or by proxy entitled to vote or by one member
or two members so present and entitled, if that member or those two
members together hold not less than 15 per cent., of the paid up capital
of the company, and, unless a poll is so demanded, a declaration by the
chairman that a resolution has, on a show of hands, been carried, or
carried unanimously, or by a particular majority, or lost, and an entry
to that effect in the book of the proceedings of the company, shall be
conclusive evidence of the fact, without proof of the number or proportion
of the votes recorded in favour of, or against, that resolution.

SI. Ifa poll is duly demanded it shall be taken in such manner as the
chairman directs, and the result of the poll shall be deemed to be
the resolution of the meeting at which the poll was demanded.

52. In the case of an equality of votes, whether on a show of hands or on
a poll, the chairman of the mecting at which the show of hands takes place
or at which the poll is demanded, shall be entitled to a second or casting
vote.

53. A poll demanded on the election of a chairman or on a question of
adjournment, shall be taken forthwith. A poll demanded on any other

question shall be taken at such time as the chairman of the meeting
directs.

Votes of members.

5+. On a show of hands every member present in person shall have one
vote. On a poll every member shall have one vote for each share of
which he is the holder.

55. In the case of joint holders the vote of the senior who tenders
a vote whether in person or by proxy, shall be accepted to the exclusion
of the votes of the other joint holders; and for this purpose seniority

shall be determined by the order in which the names stand in the register
of members.

56. A member of unsound mind, or in respect of whom an order has
been made by any court having jurisdiction in lunacy, may vote, whether

527