Section 3. A declaration by the chairman of any meeting, except a special meeting held under section thirteen,

53. A declaration by the chairman of any meeting, except a special meeting held under section thirteen, that a resolution has been carried thereat upon a show of hands, shall be conclusive, and an entry to that effect in the book of proceedings of the Bank shall be sufficient evidence of that fact, without proof of the number or proportion of the votes recorded in favour of, or against, such resolution, unless, immediately on such declaration, a poll be demanded in writing by five proprietors or shareholders present and entitled to vote at such meeting. Poll to be taken, if demanded. Chapter I: . PRELIMINARY. | Section 3: In this Act, unless there be something repugnant in the subject or context— 3. In this Act, unless there be something repugnant in the subject or context— "The Bank" means the Bank of Bengal, the Bank of Madras, or the Bank of Bombay (as the case may be), as constituted and regulated by this Act: "Capital" means the capital for the time being of the Bank: "Shares" means the shares for the time being of the capital, and includes also half shares: "Capital stock" means that part of the capital into which wholly paid-up shares have been converted or consolidated, and in the case of the Bank of Bengal and the Bank of Madras includes the present consolidated stock of such Banks respectively: "Registered" means registered in the books of the Bank: "Shareholders" means the duly registered holders from time to time of the shares of the Bank: "Proprietors" means the duly registered holders from time to time of the capital stock of the Bank: "Directors" means the directors assembled for the purpose of performing any of their functions under this Act: "Board" means a meeting of the directors duly called and constituted, or, as the case may be, the directors assembled at a Board: "Auditors" and "Secretary" mean those respective officers from time to time of the Bank, and "Secretary" includes a Secretary and Treasurer and a Deputy Secretary: Reference in Act X of 1866. Interpretation-clause. Presidency Banks. [ACT XI Chapter I: . PRELIMINARY. | Section 3: In this Act, unless there be something repugnant in the subject or context— "General meeting" means the meeting of proprietors or shareholders or both, held annually under section forty-nine; it includes any adjourned holding thereof: "Special meeting" means a meeting of proprietors or shareholders or both, held for the transaction of some particular business specified in the notice convening the meeting; it includes any adjourned holding thereof: "Special resolution" means a resolution passed at a special meeting: "Office" means the office or principal office for the time being of the Bank: "Goods" includes also bullion, wares and merchandise: "Presidency of Fort St. George" means the territories now under the government of the Governor of Fort St. George in Council: "Presidency of Bombay" means the territories now under the government of the Governor of Bombay in Council; and "Presidency of Fort William" means all the territories in British India other than the Presidency of Fort St. George and the Presidency of Bombay. Chapter VIII: . BUSINESS. 36. The Bank is authorized to carry on and transact the several kinds of business hereinafter specified (that is to say): | Section 3: the remittance of such proceeds at the risk of the principal by public or private bills of exchange, payable either in India or elsewhere; 3. the remittance of such proceeds at the risk of the principal by public or private bills of exchange, payable either in India or elsewhere; (l) the drawing of bills of exchange, and the granting of letters of credit, payable out of India, for the use of principals for the purpose of the remittances mentioned in the last preceding clause of this section; (m) the buying, for the purpose of meeting such bills or letters of credit, of bills of exchange payable out of India, at any usance not exceeding six months; (n) and, generally, the doing of all such matters and things as may be incidental or subsidiary to the transacting of the various kinds of business hereinbefore specified. (o) It shall also be lawful for the Bank under any arrangement or agreement with the Secretary of State for India in Council—