1358
THE NEW ZEALAND GAZETTE.
[No. 32

RULES OF THE WELLINGTON STOCK EXCHANGE.

CONSTITUTION.

Constitution.

1. THE Wellington Stock Exchange (hereinafter called “the Exchange”) shall consist of members engaged in the purchase or sale of shares, debentures, mines and mining interests, the negotiation of mortgages, and monetary transactions. No member shall be a member of any other Exchange in Wellington engaged in the same business.

Objects and purposes.

2. The objects and purposes of the Exchange are to provide, regulate, and maintain a suitable building, room, or rooms in Wellington for the promotion and facilitation of dealing in stocks, shares, and monetary transactions; to establish just and equitable principles in the transaction of business; to adjust controversies between its members; and to maintain uniformity in its rules and usages.

Number of members.

3. The number of members shall be limited to forty.

Office-bearers.

4. The office-bearers shall be a Chairman, Vice-Chairman, and a Committee consisting of three. The Chairman and Vice-Chairman to be ex officio members of Committee.

5. In the event of any member of Committee being absent from three consecutive meetings of the Committee without leave of the Chairman, or in his absence the Vice-Chairman, his seat shall be declared vacant. Secretary to give notice of meetings not later than the day before.

Retiring office-bearers.

6. At every annual general meeting the whole of the office-bearers shall retire, and their places shall be filled up at such annual meeting. Such election shall take place by ballot. All such retiring office-bearers shall be eligible for re-election without notice, but any other member wishing to become an office-bearer shall be proposed in writing by one member and seconded by another, and notice given to the Secretary seven days at least before the day fixed for the annual meeting.

Members restricted from acting.

7. A member of the Committee shall not act at a meeting on any case in which he is personally interested, or be entitled to vote at any subsequent meeting of members dealing with the matter.

8. A member of the Committee shall not take part in any of its meetings pending the investigation of a charge affecting himself.

Surviving members may act.

9. The surviving or continuing members on the Committee, notwithstanding any vacancy in their number, may act until the vacancy be filled up.

Majority to rule.

10. At meetings of the Committee all questions shall be decided by a majority of the members present.

Quorum.

11. The quorum for meetings of the Committee shall be three (3).

SECRETARY.

Secretary.

12. A Secretary shall from time to time be appointed by the Committee upon such terms and remuneration as may be arranged.

Acting-secretary.

13. In the absence of the Secretary from any meeting, or in case of his suspension, the Chairman shall carry out his duties, or may appoint another member or other person to do so.

TREASURER.

Treasurer.

14. The Secretary shall keep the accounts and act as Treasurer, and shall have the custody of all books and papers. He shall present at each annual general meeting a statement of the finances of the Exchange to the end of the previous year, duly audited by a member appointed by the members for that purpose.

CHAIRMAN.

Absence of Chairman and Vice-Chairman.

15. The Chairman, or in his absence the Vice-Chairman, shall preside at all meetings of the Exchange and of the Committee; but in the event of both being absent the members present shall elect a Chairman for that occasion.

Powers of Chairman.

16. The Chairman of any meeting shall have entire control thereof, and shall regulate the order and manner in which the business shall be conducted. The decision of the Chairman shall be final in all cases submitted to him.

Casting-vote.

17. In all cases, at any meeting, when, on a division, the votes are equal, the Chairman shall have a second or casting vote.

Fine for misconduct.

18. In the event of any member or members obstructing the business of the meeting or being guilty of any breach of etiquette, of which the Chairman shall be the sole judge, the Chairman shall report the matter to the Committee, who shall have power to inflict such fine, not exceeding £5, as it may deem advisable.

EXTRAORDINARY VACANCY.

Extraordinary vacancies to be filled up.

19. Any extraordinary vacancy in the Committee, or in the position of Chairman or Vice-Chairman, shall be filled at a special general meeting of members, to be summoned by the Committee for that purpose without unnecessary delay.

ANNUAL GENERAL MEETING AND SPECIAL GENERAL MEETINGS.

Business and powers. Fourteen days’ notice of meeting.

20. The financial year of the Exchange shall close on the 30th day of September. A general meeting of members shall be held annually in the month of November, at which the business shall be to receive from the Treasurer a balance-sheet showing the financial position of the Exchange, to elect a Committee and officers for the ensuing year, and also generally to conduct any business provided for in these rules. The Committee shall fix the date of the annual meeting, and shall give members fourteen days’ notice thereof.

Notices of motion.

21. At any annual general meeting, after all business herein provided for shall have been disposed of, it shall be competent for any member to bring under the notice of the meeting any business or matter within the object or purposes of the Exchange, and to give notice of any proposition to be considered at a future meeting.

Special general meetings.

22. A special general meeting may be called by the Committee at any time.

Five members may call meeting.

23. A special general meeting shall be called by the Committee upon the receipt of a requisition addressed to the Secretary, requesting it to do so, signed by at least five members, and stating the business for which such meeting is required; and if the same shall not be convened within seven days from the time of such requisition being so left with the Secretary, the requisitionists or any five members may themselves convene a meeting by giving the required notice at an official meeting.

Notice required.

24. A special general meeting shall be convened by notice to members as follows: A notice specifying the place, day, and hour of the meeting, and the general nature of the business to be considered, shall be posted by the Secretary on the official notice board, and a copy of such notice shall be placed on each member’s desk in the Exchange at least one clear day before the date on which the meeting shall be held, and the contents of the said notice shall before such time as aforesaid be announced at an official meeting by the Chairman, Acting-Chairman, or Secretary.

Limitation of business.

25. No other business shall be transacted at a special general meeting except that stated in the announcement or notice convening the meeting, and no resolution shall be passed or other business transacted which is not included within the objects and purposes for which the meeting is convened. No amendment not directly pertinent thereto shall be allowed upon any resolution contained in the notice convening any such meeting.

Adjournment.

26. Any general meeting shall have power inter se to adjourn from time to time as may be found necessary. Whenever an adjournment to a future day has been decided on, notice thereof shall be given in such manner as may be determined by the Chairman of the meeting. No