‘ROYAL 
     
    
   
   
    
     GAZETTE. 9m 
     
    
   
   
    
       
     
    
   
   
    
       
     
    
   
   
    
     shall be determined by a majority of the votes 
     
     and proxies then given, and every question, 
     
     matter or thing which shall be proposed, dis— 
     
     cussed or considered at any meeting of the 
     
     Board of Directors shall be determined by a 
     
     majority of votes then given, by the Directors 
     
     then present; and in case it should happen 
     
     that at any general or special meeting of 
     
     the Company, or meeting of the Board of Di- 
     
     rectors, the votes shall be equal, then the Pre- 
     
     sident of the Company, or in his absence, the 
     
     Chairman of the meeting or of the Board, shall 
     
     be'entitled to a casting'vote, only upon the 
     
     matters under discussion. 3' i ' 
     
    

    
     IX. That no annual or Special meeting of the 
     
     Company shall be held, unless there be present 
     
     thereat, thirty members of the said Company, 
     
     or their proxies ; and at every such annual or 
     
     special meeting of the Company, the President, 
     
     or, in his absence, one of the members to be 
     
     chosen at such meeting, respectively, shall be 
     
     Chairman of such meeting, reSpective-ly; and 
     
     that if on any day appointed for such meeting of 
     
     the Company, a sufficient number of members 
     
     shall not attend, within one hour after the time 
     
     appointed for the meeting, then, and in every 
     
     such case, the meeting shall be adjourned until 
     
     the next, or some future day, by the President 
     
     or by one of the Directors, or by the Secretary, 
     
     or by such person as may attend in his‘or their 
     
     place or stead. ‘ 
     
    

    
     X. That the orders and proceedings of every 
     
     general or special meeting of the Company, 
     
     shall be entered by the Secretary of the Com- 
     
     pany, in a book or books to be kept for that 
     
     purpose, and shall then be signed by the Presi- 
     
     dent or Chairman of the meeting ; and being so 
     
     entered and signed, shall be taken and deemed 
     
     to be the original orders and proceedings of 
     
     such meeting, and shall, be received as such 
     
     upon due proof thereof, in all Courts and places, 
     
     and on alloecasions whatsoever. 
     
    

    
     XI. Thatat every annual general meeting 
     
     of the said Company, held in the month of 
     
     January in every year, the Directors of the said 
     
     Company for the then current year, shall be 
     
     elected by ballot in the following manner, that 
     
     is to say :-—The members shall first elect three 
     
     directors for the then current year, out of the 
     
     Directors who have served for the preceding year, 
     
     and shall then elect four other directors from 
     
     the. members of the Company, eligible as herein- 
     
     after provided : provided always, that it shall 
     
     and may be lawful for the said members to re- 
     
    

    
     lect the other four persons who were directors 
     
    
   
   
    
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     ‘the preceding year, or any of them, if they shall 
     
     think proper so to do. 
     
    

    
     XII. That the office of the President or 
     
     Directors, Treasurer, Secretary, or 'Auditor of 
     
     the said Company, shall become, and may by 
     
     the Board be declared vacant, on the death, re- 
     
     signation,_three months’ absence, or permanent 
     
     removal of such officer from the Island, or by a 
     
     vote of the general meeting of the members, 
     
     removing the officer for misconduct or maliver- 
     
     sation in office ; and every such vacancy shall 
     
     be filled up by the choice of a member, to be 
     
     made by the Board of Directors, and who shall 
     
     serve ,until the annual meeting, and at every 
     
     such annual meeting, persons shall be elected 
     
     to supply the place of these officers, who are, 
     
     as aforesaid, to go out of office on the thirty- 
     
     first day of January, annually, or whOSeoffices 
     
     have been vacated, as aforesaid, and all officers 
     
     elected at the'annual meeting, shall enter upon 
     
     their offices on the thirty—first day of January, 
     
     in every year hereafter: provided always, that 
     
     any DireCtor so going out of office, shall be 
     
     capable of being re-elected by the Company. 
     
    

    
     XIII. That all orders and directions for In- 
     
     surance against Fire, to the said Company 
     
     given, and by them accepted, and all Policies 
     
     0f Insurance by the S‘aid'Company, made and 
     
     sealed with the common seal thereof, and signed 
     
     by the President ‘of the Company, or any Chair- 
     
     man of the Board of Directors, and also by one 
     
     of the Directors and by the Secretary,shall be 
     
     bindingand obligatory upon the said Company, 
     
     and the funds in hand arising from premiums 
     
     shall be faithfully and truly paid, in order to 
     
     satisfy any loss that may arise, within sixty 
     
     days from the time of such loss being settled or 
     
     adjusted ; and should the said funds not amount 
     
     to the said less, then each of the members shall 
     
     be called upon to pay his proportion of the said 
     
     loss, within forty (days from the time of such 
     
     loss being adjusted, as aforesaid : provided 
     
     always, that in any one year he shall not be ' 
     
     called upon to pay more than five" per centum 
     
     on the amount insured on his property, for the 
     
     payment of losses that may occur within that _ 
     
     year, during his continuance as a member of 
     
     the said Company. 
     
    

    
     XIV. That the affairs and business of the 
     
     Company shall be managed and transacted by 
     
     the Board of Directors thereof, of whom three 
     
     Directors, with the President, or in case of 
     
     death, sickness, or absence from any other 
     
     cause, four Directors, one of whOm being a 
     
     Chairman of the meeting, shall constitute a