(g) he has been found to have previously misused or mismanaged the funds of a Co-

operative Society; or

(h) he becomes ineligible under any of the By-Laws of the Society.

A member of the Board of Directors shall cease to hold office if:

(a) he becomes ineligible for membership of the Board in accordance with By-Law 7.3;

(b) he becomes legally or mentally unsound;

(c) he gives notice of resignation to the Board;

(d) he is removed by the Founder Member;

(e) he fails to be present at three consecutive meetings of the Board without satisfactory

reasons acceptable to the Board; or

(t) he has been persistently in default in relation to his obligations as a Director of the

Society under these By-Laws and the Act.

A member of the Board, who resigns under By-Law 7.4(c) shall not be eligible for

appointment or election to the Board until after an interval of not less than one year.

A member of the Board who ceases to be a member under By-Laws 7.4(d) or (e) shall

not be eligible for appointment or election until after an interval of not less than two

years.

If during the term of office of the Board of Directors, a vacancy occurs in the Board,

the Board of Directors may co-opt a me~ber of the Society to serve on the Board of

Directors for the remaining term of office' until the next general meeting of the Society

elects or the Founder Member appoints a new Director, as the case may be.

The Board of Directors shall, not later than seven days from the date of the Annual

General Meeting at which election of persons to the Board took place, meet to appoint a

Secretary, a Treasurer and such other officers as it deems fit but subject to By-Law 7.9.

The Board may appoint, on such terms and conditions and with such designations as it

thinks fit, a manager to administer and manage the business and affairs of the Society

and may employ such other staff as it considers necessary to assist the manager. Where

such appointment is made, all or any duties of the Secretary or Treasurer, or both may

be delegated to the manager, and the Society may operate without electing a Secretary

or Treasurer, or both.

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