Excerpt from Charter and by-Laws of the Irving Savings Institution of the City of New-York: With the Act of Incorporation
Sec. 5. The persons named in the first section of this act, shall be the first trusteesiof said corporation, and all vacancies by death, resignation or otherwise, in the oﬂiee of trustee, shall be filled by the board by bal lot, without unnecessary delay, and at least Six votes shall be necessary for the election of any trustee. The said trustees shall hold a regular meeting at least once in each month, to receive the reports of their officers as to the business and affairs of the corporation, and to transact such business as may be necessary, and any trustee omitting to attend the regular meetings of the board for six successive months, may thereupon, at the election of the said board be considered as having va cated his place, and a successor may be elected to fill the same. The Supreme Court may at any time, for due eause, remove any trustee, on proper notice to such trus tee, and affording him an opportunity to be heard in his defence.
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