Companies. [Ch. 31. No. 1. 531

Phe directors shall have power at any time, and from time to time,
to appoint a person as an additional director who shall retire from office
at the next following ordinary general meeting, but shall be eligible for
election by the company at that meeting as an additional director.

80. The company may by extraurdinary resolution remove any director
before the expiration of his period of office, and may by an ordinary
resolution appoint another person in his stead. “The person so appointed
shall be subject to retirement at the same time as if he had become
adirector on the day on which the director in whose place he is appointed
was list elected a director.

Proceedings of directors,

SL. Che directors may meet together for the despatch of busine
adjourn, and otherwise regulate their meetings, as they think fit. Questions
arising at any meeting shall be decided by a majority of votes. In case
of an equality of votes the chairman shall have a second or casting vole.
A director may, and the secretary on the requisition of a director shall,
at any time summon a meeting of the directors.

The quorunt necessary for the transaction of the business of the
directors may be fixed by the direetors, and unless so tixed shall when the
number of directors exceeds three be three, and when the number of
directors does not exceed three, be two.

~ The continuing directors may act notwithstanding any vacancy in
their body, but, if} and so long as their number is reduced) below the
number fixed by or pursuant to the regulations of the company as the
necessary quorum of directors, the continuing directors may act for the
purpose of increasing the number of directors to that number, or of
summoning a general meeting of the company, but fur no other purpose,

M4. The directors may elect a chairman of their meetings and determine
the period for which he is to hold oflice, but if no such chairman is
elected, or ifat any meeting the chairman is not present within five
mite. after the time appointed for holding the same, the directors
present may choose one of their number to be chairman of the meeting.

85. The directors may delegate any of their 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
comfort te any regulations that may be imposed on it by the directors.

so. A conmnittee may elect a chairman of its meetings; if no such
chairman is elected, or if at any meeting the chairman is not present
within five minutes after the time appointed for holding the same, the
members present may choose one of their number to be chairman of the
meeting,

87) A committee may meet and adjourn as it thinks proper. Questions
arising at any meeting shall be determined by a majority of votes of the
tucmbers present and in case of an equality of votes the chairman shall
have a second or casting vote.

88. Allacts done by any meeting of the directors or of a committee of
directors, or by any person acting as a dire-tor, shall, notwithstanding that

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