Section XV. And it is hereby enacted, that two of the six Directors elected as provided in Section XIV. and to b

XV. And it is hereby enacted, that two of the six Directors elected as provided in Section XIV. and to be elected by the Proprietors, shall in rotation go out of Office on the Second Monday in the Month or December in every year, on which day in every year a General Meeting of Proprietors shall be held for the election of two Directors in their stead; but no Director going out by rotation as aforesaid shall be reelected at the election which takes place thereupon though he shall be eligible for a future election.