THE equitable insurance ASSOCIATION.
\" } [BY TEI.EGP.AriI.— press association.] N Dunedin", Monday. An extraordinary general meeting of tho Equitable Insurants Association was comnencecl this afternoon to ratify, validate, and confirm the payments and remuneration received by the directors since March, 1884. Mr."J. B. C.w,la>, who presided, explained that he was not jii the directorate when »he change was made. This took place lii the first' annual meeting, when two shareholders, who were not directors, then proposal a resolution altering the clause of the articles of associition providing for increasing the remuneration from £3 10s to 17 per meeting. ' This was passed, but no uotico hf l d been sent tut of it, henco the 'difficulty. Everybody overlooked the natter, and tho minute) were confirmed at the next meeting. It was not. till four or five months ago that .'ttention was called to it, and the directors went back to the old scale, and no • increase was proposed in the resolution.
A long discussion followed.' An addition Was proposed to the resolution, providing that the directors will conduct the affairs without fees till March 1592. The discussion on the amendment listed till halfpast six, when it was carried on a show of hands, but a ballot was demanded and . taken, and tho meeting adjourned till the evening to allow of the result, of the ballot ■ being known. I; On the meeting resumiig, the voting in favour of tho amendment making an addition by which directors will carry on the <business till March without fees, was 'found to be 840 for and JO3 against. §!jMr. Bkvan< (West Coast delegate) moved mother amendment, but the solicitor derided it was not pertinent to the matter, indifc was not receive!.
. After a Ions; discussion, the resolution as Smended was carried.
0. Mr. Bevak lodged a protest to the effect that the resolution wis not legal, and he threatened to bring tho matter before the law Courts.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/NZH18901125.2.22
Bibliographic details
New Zealand Herald, Volume XXVII, Issue 8422, 25 November 1890, Page 5
Word Count
320THE equitable insurance ASSOCIATION. New Zealand Herald, Volume XXVII, Issue 8422, 25 November 1890, Page 5
Using This Item
No known copyright (New Zealand)
To the best of the National Library of New Zealand’s knowledge, under New Zealand law, there is no copyright in this item in New Zealand.
You can copy this item, share it, and post it on a blog or website. It can be modified, remixed and built upon. It can be used commercially. If reproducing this item, it is helpful to include the source.
For further information please refer to the Copyright guide.
Acknowledgements
This newspaper was digitised in partnership with Auckland Libraries and NZME.
Log in