Irish Aubrac Cattle Breed Society Limited
VII. INVESTMENTS, LOANS TO MEMBERS
28. INVESTMENTS
The Council shall have power to invest any money forming part of the capital funds of the Society:
a) In any security in which Trustees are for the time being authorised to invest.
b) In the Shares of or Loans to any other registered Society or Company, provided such Society
or Company shall be one with limited liability.
29. VOTING RE INVESTMENTS
The Council may, subject to the Rules or Articles of Association of the body to which loans have been
made or in which Capital has been otherwise invested, appoint one or more of their number and/or
one or more members of the staff of the Society to vote on its behalf at Meetings and to sit on the
Council of any Society or Company in which portion of the Society’s funds are invested.
VIII. GENERAL MEETINGS
30. GENERAL MEETINGS
General Meetings of the Society shall be Ordinary or Special. An Ordinary General Meeting to be
called the Annual General Meeting shall be held at least once in each calendar year at such time and
place as may be fixed by the Council from time to time.
31. NOTICE OF ANNUAL GENERAL MEETING
Notice convening every Annual General Meeting shall state the time and place(s) thereof and shall be
posted or sent to the registered addresses of the members not less than fourteen clear days before
the date of such meeting. Alternatively the Council may publish such notice in such newspapers as
they decide. The notice shall be exclusive of the day on which it is received (which shall be deemed
to be the day after which notice is posted or published) and of the day for which it is given. No Annual
General Meeting shall be invalidated by the non-receipt of notice thereof by any member.
32. BUSINESS OF ANNUAL GENERAL MEETING
At every Annual General Meeting of the Society Standing Orders may be adopted and shall remain in
force until the next ensuing Annual General Meeting of the Society. The following business shall be
transacted at every Annual General Meeting of the Society.
a) The minutes of the immediately preceding Annual General Meeting and of every, if any, other
unconfirmed general meeting held subsequent thereto during the period intervening
between the two Annual General Meetings, shall be read by the Secretary, if present, or if the
Secretary be absent by such other person as may be appointed by the presiding Chairman of
the meeting and when the meeting confirms the minutes as read or as altered shall be signed
by the presiding Chairman.
b) The transactions of the Society, its condition or state of its affairs generally, or in any
particular, shall be made the subject of a statement, either written for circulation amongst
the members or otherwise, to the meeting by the Chairman, or if at the instance of the Council
by the Secretary or other person appointed by it, and the meeting may take such action
thereon as it may decide; provided that no resolution on such statement shall take precedence
over the adoption of the audited financial statements.
c) The Financial Statements, as certified by the Society’s Statutory Auditor for the immediately
preceding statutory financial year or period and for such other periods or years in respect of
which any audit may have been completed and which has not already been submitted to a
general meeting of the Society and adopted thereat, shall if correct, be adopted.
d) Elections to the Council.
e) An Auditor in accordance with law, the Regulations and Rules 65 and 66 shall be appointed to
carry out the statutory audit of the Society’s accounts for the financial year then current and
to do such other work as the Council may deem necessary. The Council shall have power to
fill any vacancy occurring in the office of Auditor until the next Annual General Meeting.
f) Borrowing powers as provided for in Rule 25 shall be adopted, if required.
g) Any other business arising that may be deemed by the Meeting proper and expedient subject
to Rules 63 and 76 provided the Secretary has received at least five days’ notice of it
beforehand but the members of the Council present at the meeting may if they think fit waive
this proviso and concede to the meeting such right of discussion and action in reference to
any matter raised under this head at any Annual General Meeting as they may consider
adequate.
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