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This is the original version (as it was originally enacted).
Where the statutory water undertakers are a company then notwithstanding anything in the [8 & 9 Vict. c. 16.] Companies Clauses Consolidation Act, 1845, as applied by any enactment to that company—
(a)any person employed as chief engineer, general manager or secretary of the company may be appointed a director of the company whether he is a shareholder in the company or not, but not so as to increase the number of the directors beyond the maximum number prescribed by any enactment relating to the company;
(b)a person appointed a director of the company by virtue of the last foregoing paragraph shall not cease to be a director by reason that he is employed as aforesaid;
(c)any such appointment may be made by the directors of the company as well as in manner provided by the said Act;
(d)the provisions of the said Act requiring directors to retire by rotation shall have effect as if a person appointed by virtue of this section were not a director:
Provided that—
(i)not more than one director of the company shall hold office at the same time by virtue of this section; and
(ii)any person appointed by the directors by virtue of this section shall cease to be a director as from the date of the next ordinary general meeting of the company, unless the appointment is approved at that meeting by a majority of the votes of the proprietors of the company entitled to vote or voting, whether personally or by proxy, at the meeting.
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