155(1)At the first annual meeting of the company, there shall be elected by ballot a Board of six directors or such larger number, being a multiple of three, as may be decided by by-law or resolution, one-third of the number to be elected for one year, one-third for two years, and the remaining one-third for three years.

155(2)At every annual meeting thereafter, one-third of the total number of directors shall be elected for a period of three years to fill the places of the retiring directors, who are eligible for re-election.

155(3)The number of directors may be increased or decreased by by-law or resolution if their number is not less than six and a multiple of three, and the plan of rotation whereby one-third of the Board of Directors retires each year is maintained.

155(4)Every director shall be of the age of nineteen years or over and a member of the company in good standing and insured therein for at least one thousand dollars, or an accredited representative of a partnership or corporation being a member of the company in good standing and insured for at least one thousand dollars.

155(1)At the first annual meeting of the company, there shall be elected by ballot a Board of six directors or such larger number, being a multiple of three, as may be decided by by-law or resolution, one-third of the number to be elected for one year, one-third for two years, and the remaining one-third for three years.

155(2)At every annual meeting thereafter, one-third of the total number of directors shall be elected for a period of three years to fill the places of the retiring directors, who are eligible for re-election.

155(3)The number of directors may be increased or decreased by by-law or resolution if their number is not less than six and a multiple of three, and the plan of rotation whereby one-third of the Board of Directors retires each year is maintained.

155(4)Every director shall be of the age of nineteen years or over and a member of the company in good standing and insured therein for at least one thousand dollars, or an accredited representative of a partnership or corporation being a member of the company in good standing and insured for at least one thousand dollars.