Section 47. Election of auditors

CHAPTER X. AUDIT. 47. Election of auditors. Who may be auditors. Auditors re-eligible. Auditors' tenure of office. Supply of casual vacancy in office. 48. Rights and duties of auditors. CHAPTER XI. iv | ACT XI CHAPTER XI. MEETINGS. SECTIONS. 49. Annual general meeting. 50. Special meetings. 51. Quorum. CHAPTER X. AUDIT. 47. Two auditors shall be elected and their remuneration fixed at the annual general meeting. The auditors may be proprietors or shareholders; but no director or other officer of the Bank is eligible during his continuance in office. Election of auditors. Why Presidency Banks. [ACT XI Auditors re-eligible. Auditors' tenure of office. Supply of casual vacancy in office. Rights and duties of auditors. Any auditor shall be re-eligible on his quitting office. The persons who shall be auditors on the first day of May 1876, and all auditors elected under this section, shall severally be and continue to act as auditors until the first general meeting after their respective elections: Provided that if any casual vacancy occurs in the office of any auditor, the directors shall forthwith call a special meeting for the purpose of supplying the same.