900 
     
    
   
   
    
     ROYAL GAZETTE. 
     
    
   
   
    
     M 
     
    
   
   
    
       
     
    
   
   
    
     year and a day, after the date of the said bond, 
     
     the same may be obtained without the usual: 
     
     requisites; provided further, that, in theI 
     
     event of any insurance being effected by the 
     
     Government of this Island with the Company 
     
     hereby! established,it shall be deemed sufficient, 
     
     after the ‘order of the Government made for that 
     
     purpose, for the Clerk of the Executive Coun- 
     
     cil, or other duly authorized officer, to order 
     
     the insurance required, subject to the usual 
     
     rules and regulations of the Company, which 
     
     order‘ shall be held to be as binding as if a 
     
     bond for the purpose aforesaid had actually 
     
     been entered into. 
     
    

    
     IV. That the management and regulation of 
     
     the affairs and business of the said Company 
     
     shall be conducted by, and vested-in, a Board 
     
     of“ Directors, to consist of seven Directors, who 
     
     shall have power to choose from among them- 
     
     selves a President, and shall also have power, 
     
     either to choose from among themselves, or 
     
     from the Cempany, as Treasurer and a Secre- 
     
     tary; the offices of Treasurer and Secretary 
     
     may be vested in one person, if the direc- 
     
     tors shall think fit, and that the necessary 
     
     officers of the Company shall be, and at all 
     
     times, except in cases of vacancies arising 
     
     from death, resignation or otherwise, shall 
     
     consist of one President, six Directors, a Trea- 
     
     surer, a Secretary, two Auditors or Examiners 
     
     of the accounts of the Company, as many 
     
     appraisers as may be necessary, and such other 
     
     officers and servants as the said Directors shall 
     
     think proper to constitute and appoint, for the 
     
     better management and conducting ‘of, the 
     
     business thereof, and that the several powers, 
     
     authorities, duties, rights and privileges of 
     
     such President, Directors, Treasurer, Secre- 
     
     tary,iauditers, appraisers, and other officers and 
     
     servants .of the said Company, so to be appoint- 
     
     ed, shall be, as in and by this Act is, or by 
     
     ‘thelby-laws of the said Company, shall here- 
     
     after be preseribed and established, and that 
     
     four Directors, with the President, or chairman 
     
     fornthe time being, appointed by the Directors, 
     
     in the absence of the President, shall form a 
     
     quorum, for the transaction of the business of 
     
     the said Company. 
     
    

    
     . V, That no member of the said Company shall 
     
     be qualified to be elected, or to act as a Director 
     
     of the same, unless he shall, at the day of elec- 
     
     tion, have, at least, three hundred pounds in- 
     
     sured ,inr‘the. said; Company, and during the 
     
     time that he shall continue to be such director 
     
     continue to have at- least three hundred pounds 
     
     insured therein. 
     
    
   
   
    
       
     
    
   
   
    
     VI. That the interest of‘ each member in the 
     
     said Company shall be, and be deemed, per— 
     
     sonal estate, and as such personal estate shall 
     
     be assigned and'transmissable accordingly, but 
     
     no interest shall be divisable or divided, or 
     
     assigned in parts, and the said members of the 
     
     Company, and their several and respective 
     
     executors, administrators and assigns, shall not 
     
     be liable to any debts of, or demands against, 
     
     the said Company, beyond the condition of the 
     
     said bond. ‘ 
     
    

    
     VII. That the annual General Meeting of 
     
     said Company, shall be held in the month 
     
     of‘ January in every year, and at such day, and 
     
     place as the Board of Directors shall appoint, 
     
     and that special meetings of the Company shall 
     
     be summoned by the Directors when they shall 
     
     deem the same necessary, or whensoever a re“ 
     
     quisition therefor-in writing, shall be deliver~ 
     
     ed to the President or Secretary, signed by 
     
     Twenty members, and specifying the object of 
     
     such meeting ; and that meetings of the Board 
     
     of Directors shall be held at the office of the 
     
     Company, at least once in every month,» and at 
     
     such other times as the Directors shall think 
     
     prOper, or as the business of the Company may 
     
     require: Provided always, that notice of the 
     
     day appointed for the annual, or any gen'erallor 
     
     special meeting of the Company, shall be given 
     
     by an advertisement,at least seven days pre- 
     
     vious thereto, in one of thepublic newspapers 
     
     of this Island. ' . 
     
    

    
     VIII. That at every annual, general and 
     
     special meeting of the Company, every mem- 
     
     ber thereof shall be entitled to vote, according 
     
     to the amount insured by the said member in 
     
     the said Company, in manner following, that is 
     
     to say :—Each member that has propertyinsured 
     
     in the said Company, below, one thousand 
     
     pounds, shall be entitled to one vote. ; each 
     
     member that has preperty insured. to the 
     
     amount of one thousand pounds, and be— 
     
     low two thousand pounds, shall be entitled 
     
     to two votes, and each member that has 
     
     property insured in the said Company, from 
     
     two thousand pounds and upwards, shall be en« 
     
     titled to three votes, and may give such vote or 
     
     vote? by his or her proxy, duly constituted ac- 
     
     cording to the Bye Laws, such proxy being a. 
     
     member entitled to vote, but no member shall 
     
     be allowed to hold more than five proxies; and 
     
     at every meeting of the Board of' Directors, each 
     
     director shall have one vote only; and every 
     
     question, matter or thing which shall be pro- 
     
     posed, discussed or considered at any general 
     
     or specral meeting of the Board of Directors,