159(1)Unless otherwise directed by by-law, the directors shall meet at least once in every three months for the transaction of business.

159(2)At all meetings of the Board of Directors the chairman on each question has a vote and one only, and in case of an equality of votes the motion shall be declared lost.

159(3)In the event of a vacancy occurring in the Board of Directors, the remaining directors shall forthwith, in the case of a Board limited to six directors, and may, in the case of a larger Board, appoint a qualified person to fill the vacancy until the next annual meeting of the company, and at such annual meeting, the vacancy shall be filled for the portion of the term, if any, still unexpired.

159(4)Four directors or one-third of the whole number, whichever is the larger, constitutes a quorum for a meeting of the Board.

159(5)The Board shall keep a record of its proceedings in a book to be known as the minute book of the company in which also shall be entered the proceedings of all meetings of the company.

159(6)A director disagreeing with the majority at a meeting may have his dissent recorded with his reasons therefor.

159(7)Subject to the provisions of section 161, the Board of Directors shall fix the time and place of the annual meeting of the company and shall give notice thereof to each member.

159(8)The Board of Directors may call special meetings of the company, giving notice thereof to the members.

159(1)Unless otherwise directed by by-law, the directors shall meet at least once in every three months for the transaction of business.

159(2)At all meetings of the Board of Directors the chairman on each question has a vote and one only, and in case of an equality of votes the motion shall be declared lost.

159(3)In the event of a vacancy occurring in the Board of Directors, the remaining directors shall forthwith, in the case of a Board limited to six directors, and may, in the case of a larger Board, appoint a qualified person to fill the vacancy until the next annual meeting of the company, and at such annual meeting, the vacancy shall be filled for the portion of the term, if any, still unexpired.

159(4)Four directors or one-third of the whole number, whichever is the larger, constitutes a quorum for a meeting of the Board.

159(5)The Board shall keep a record of its proceedings in a book to be known as the minute book of the company in which also shall be entered the proceedings of all meetings of the company.

159(6)A director disagreeing with the majority at a meeting may have his dissent recorded with his reasons therefor.

159(7)Subject to the provisions of section 161, the Board of Directors shall fix the time and place of the annual meeting of the company and shall give notice thereof to each member.

159(8)The Board of Directors may call special meetings of the company, giving notice thereof to the members.