The Sligo Lighting and Electric Power Act, 1924

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Remuneration of Directors, Auditors and Secretary.

21.—(1) The remuneration of the Directors and of the Auditors of the Company shall from time to time be fixed at a General Meeting of the Company and in addition to the powers which the Directors may exercise under the Companies Clauses Acts 1845 to 1889 they may determine the remuneration of the Secretary.

(2) As from the date of the passing of this Act Section twenty-nine of the Act of 1855 shall be and the same is hereby repealed.

(3) As from the date of the passing of this Act so much of Section thirty-one of the Act of 1855 as provides that every auditor shall have at least ten shares in the Company shall cease to have effect.