April 4.] THE NEW ZEALAND GAZETTE. 611

Remuneration of Committee.

23. The remuneration of the members of the Committee shall be determined by the proprietors in general meeting, but shall in no case exceed one guinea per day with actual travelling-expenses whilst engaged solely on the business of the Committee: Provided that if, in the opinion of the Public Trustee, the amount so charged or determined is excessive, he may reduce it to such sum as he deems reasonable.

Powers of Committee.

24. Subject to these regulations and the Act under which they are made, the Committee shall manage the business of the corporation and administer its property.

24A. The continuing members of the Committee may act notwithstanding any vacancy in their body, provided that the number of continuing members be not less than three.

Disqualification of Members of Committee.

25. The office of a member of the Committee shall be vacated,—
    (1.) If he holds any other office or place of profit under the corporation;
    (2.) If he becomes bankrupt or insolvent;
    (3.) If he is concerned in or participates in the profits of any contract with the corporation;
    (4.) If he fails to attend four consecutive meetings of the Committee without leave granted.

A member of Committee shall not be deemed to be concerned in or to participate in the profits of the corporation by reason only of his tendering for or taking a lease of land, but he shall not vote on any question relating to such lease or the tenders therefor.

Rotation of Members of the Committee.

26. At the first ordinary general meeting to be held in every year after the appointment of the Committee, one-third of the members of the Committee for the time being, or, if their number be not a multiple of three, then the number nearest to one-third, shall retire from office.

27. The one-third or other nearest number to retire during the first and second years ensuing the first ordinary meeting of proprietors shall, unless the members of the Committee agree among themselves, be determined by ballot.

28. In any subsequent year the one-third or other nearest number who have been longest in office shall retire.

29. A retiring member of the Committee shall be eligible for re-election.

30. The proprietors at the general meeting at which any members of the Committee retire in manner aforesaid shall fill up the vacant office by nominating a like number of members.

31. If, at any meeting at which the nomination of members of the Committee ought to take place, the places of the vacating members are not filled up, the meeting shall stand adjourned till the same day in the next week at the same time and place; and if at any such adjourned meeting such places are not filled up, the vacating members of the Committee or such of them as have not had their places filled up shall continue in office until the ordinary meeting in the next year, and so on from time to time until their places are filled up.

32. Nomination to any casual vacancy occurring in the Committee may be made by the Committee at a meeting thereof specially called for the purpose, and the Court shall appoint accordingly; but any person so appointed shall retain office so long only as the vacating member of the Committee would have retained the same if no vacancy had occurred.

33. The proprietors in general meeting may, by resolution, remove any member of the Committee before the expiration of his period of office, and may nominate another person in his stead. The person so nominated shall, when appointed by the Court, hold office during such time only as the member of the Committee in whose place he is appointed would have held the same if he had not been removed.

Proceedings of Committee.

34. The members of the Committee may meet together for the despatch of business, adjourn, and otherwise regulate their meetings as they think fit. The quorum shall be three.

35. Questions arising at any meeting shall be decided by a majority of the votes. In the case of an equality of votes, the Chairman, in addition to his original vote, shall have a second or casting vote.

36. All meetings of the Committee shall be called by the Secretary, but a member of the Committee may at any time require the Secretary to summon a meeting.

37. The members of the Committee 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 at the time appointed for holding the same, the members of the Committee present shall choose some one of their number to be Chairman of such meeting.

38. All acts done by any meeting of the Committee shall, notwithstanding that it be afterwards discovered that there was some defect in the appointment of any member thereof, or that any of them were disqualified, be as valid as if every person had been duly appointed and was qualified to be a member of the Committee.

39. The Committee shall meet for the transaction of business at least once in every two months, and as often in the meantime as may be necessary, and as the Committee may determine.

General Meetings of Proprietors.

40. The general meeting of the proprietors convened in and by the aforesaid order of incorporation shall be the first annual meeting, and a general meeting shall be held annually thereafter at such hour and place as the Committee may determine.

41. The above-mentioned annual general meetings shall be called ordinary. All other general meetings shall be called extraordinary meetings.

42. The Committee may meet whenever they think fit, and they shall, upon a requisition made in writing by not less than one-fifth in number of the proprietors, convene an extraordinary general meeting.

43. Any requisition made by the proprietors shall express the object of the meeting proposed to be called, and shall be left at the office of the corporation.

44. Upon receipt of such requisition, the Committee shall forthwith proceed to convene an extraordinary general meeting. If the Committee do not proceed to convene the same within twenty-one days from the date of the requisition, the Minister, the Commissioner of Crown Lands, or the Public Trustee shall convene such meeting at the request of the requisitionists.

45. Seven days' notice at the least, specifying the place, the day, and the hour of the meeting, and in the case of special business the general nature of such business, shall be given to the proprietors in manner hereinafter mentioned, but the non-receipt of such notice by any proprietor shall not invalidate the proceedings at any general meeting.

46. All business shall be deemed special that is transacted at an extraordinary meeting, and all that is transacted at an ordinary meeting, with the exception of the consideration of the accounts, balance-sheet, and the ordinary report of the Committee, and the nomination of the new members of the Committee.

Proceedings at General Meetings.

47. No business shall be transacted at any general meeting unless a quorum of proprietors is present at the time when the meeting proceed to business, and such quorum shall consist of one-tenth at least of the total number of the proprietors.

48. If within one hour of the time appointed for the meeting a quorum is not present, the meeting, if convened upon the requisition of proprietors, shall be dissolved. In any other case it shall stand adjourned to the same day in the next week, at the same time and place; and if at such adjourned meeting a quorum is not present, it shall be adjourned sine die.

49. The Chairman (if any) of the Committee shall preside as Chairman at every general meeting of the proprietors.

50. If there is no such Chairman, or if at any meeting he is not present within fifteen minutes after the time appointed for holding the meeting, the proprietors present shall choose one of their number to be Chairman.

51. The Chairman may, with the consent of the meeting, adjourn any meeting from time to time, and from place to place; but no business shall be transacted at any adjourned meeting other than the business left unfinished at the meeting from which the adjournment took place.

52. At any general meeting, unless a poll is demanded by at least two proprietors, a declaration by the Chairman that a resolution has been carried, and an entry to that effect in the book of proceedings of the corporate body, shall be sufficient evidence of the fact, without proof of the number or proportion of the votes recorded in favour or against such resolution.

53. If a poll is demanded by two or more proprietors, it shall be taken in such manner as the Chairman directs, and the result of such poll shall be deemed to be the resolution of the proprietors in general meeting. In the case of an equality of votes at any general meeting, the Chairman shall be entitled to a second or casting vote.

54. A copy of every resolution passed by the proprietors in general meeting shall be forthwith forwarded by the Committee to the Public Trustee.