SCHEDULES.

FIRST SCHEDULE

TABLE ARegulations for Management of a Company Limited by Shares.

Proceedings of Directors.

89

The continuing directors may act notwithstanding any vacancy in their body, but, if and so long as their number is reduced below the number fixed by or pursuant to the regulations of the company as the necessary quorum of directors, the continuing directors may act for the purpose of increasing the number of directors to that number, or of summoning-a general meeting of the company, but for no other purpose.