752

SECRETARIAL PRACTICE
before the time for holding the meeting or adjourned meeting, at
which the person named in the instrument proposes to vote, and in
default the instrument of proxy shall not be treated as valid.
61. An instrument appointing a proxy may be in the following
form, or any other form which the directors shall approve :—
Company, Limited
, being a membet
Company, Limited,
., of
, as my proxy, to vote for me and
on my behalf at the [ordinary or extraordinary, as the
case may be] general meeting of the company to be held
on the day of

and at any adjournment thereof.”
Signed this day of .s
62. The instrument appointing a proxy shall be deemed to confer

authority to demand or join in demanding a poll.

‘c 1.
in the county of
of the
hereby appoint

of

Corporations acting by Representatives at Meetings.

63. Any corporation which is a member of the company may
by resolution of its directors or other governing body authorise
such person as it thinks fit to act as its representative at any meeting
of the company or of any class of members of the company, and the
person so authorised shall be entitled to exercise the same powers
on behalf of the corporation which he represents as that corporation
could exercise if it were an individual member of the company.
Daivectors.
64. The number of the directors and the names of the first directors
shall be determined in writing by a majority of the subscribers of
the memorandum of association.

65. The remuneration of the directors shall from time to time
be determined by the company in general meeting. -

66. The qualification of a director shall be the holding of at
least one share in the company.
Powers and Duties of Directors.

67. The business of the company shall be managed by the directors,
who may pay all expenses incurred in getting up and registering
the company, and may exercise all such powers of the company,
as are not, by the Act, or by these articles, required to be exercised
by the company in general meeting, subject, nevertheless, to any
regulation of these articles, to the provisions of the Act, and to
such regulations, being not inconsistent with the aforesaid regula-
tions or provisions, as may be prescribed by the company in general
meeting; but no regulation made by the company in general meeting
shall invalidate any prior act of the directors which would have
been valid if that regulation had not been made