|
|
When the governor or dep. gov. shall be absent as herein, a chairman may be chosen for that time only,
transactions of said court valid if there be 5 directors present.
|
XV. Provided nevertheless, and it is hereby further enacted, That when any general court or courts of directors of the said company shall be assembled, according to due summons or appointment, in case the said governor and deputy governor shall be absent from such meeting one hour after the time appointed in such summons or appointment for the proceeding to business, or sooner if the said governor and deputy governor shall signify by writing that they are incapacitated from attending said meeting by sickness or otherwise, that then and in every such case it shall and may be lawful for every such general court and courts of directors respectively, to choose a chairman for that time only, and to proceed to business, and to transact the affairs of the said company, and that the transactions of the said general court of directors shall be as valid and effectual to all intents and purposes as if the said governor or deputy governor had been present, so that in every such court of directors there be five directors present; any thing herein before contained to the contrary in any wise notwithstanding; and every such chairman so to be chosen shall have the like privileges and authority in all respects, as the governor or deputy governor might have or exercise, if he were present.
|
