Section XX. And it is hereby enacted, that at the first Meeting of the Directors in every year, they shall choos

XX. And it is hereby enacted, that at the first Meeting of the Directors in every year, they shall choose a President from among themselves, and if the office of President shall become vacant, they shall, at their next Meeting, choose a successor for the remainder of the current year; and that during any vacancy, or in the absence of the President, the senior Director shall be Vice President for the time, and that such President or Vice President shall have the casting vote in all cases of an equal division of votes at Meetings either of Directors or Proprietors.