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SECRETARIAL PRACTICE
Proceedings of Directors.
43. The directors may meet together for the despatch of business,
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 vote. A director may, and the secretary on the
requisition of a director shall, at any time summon a meeting of the
directors.

44. The quorum necessary for the transaction of the business of
the directors may be fixed by the directors, and unless so fixed shall,
when the number of directors exceed three, be three and shall, when
the number of directors does not exceed three. be two.
45. The continuing directors may act notwithstanding any
vacancy in their body, but, if and so long as their number is reduced
befow 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 for no other purpose.
46. The directors may elect a chairman of their meetings and
determine the period for which he is to hold office; but, 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 directors present may choose one of their number to be chairman
of the meeting.

47. 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, conform to any regulations that may be imposed on them
by the directors.
48. A committee 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.
49. 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 members present, and in case of an equality of votes
the chairman shall have a second or casting vote.
50. All acts done by any meeting of the directors or of a committee
of directors, or by any person acting as a director, shall, notwith-
standing that it be afterwards discovered that there was some defect
in the appointment of any such directors or persons acting as
aforesaid, or that they or any of them were disqualified, be as valid
as if every such person had been duly appointed and was qualified
to be a director.