Article 5 Quorum and proceedings
The quorum required for a meeting of the guardians shall be one-third of their number or, if the number of guardians for the time being be not divisible by three, then one-third of the next highest number which is so divisible.
The proceedings of the guardians shall not be invalidated by any vacancy in their number or by any defect in the appointment or qualification of any person as a guardian.
It shall be the duty of a guardian who is in any way, whether directly or indirectly, interested in a contract, transaction or arrangement or proposed contract, transaction or arrangement with the Company to declare the nature of his interest at a meeting of the guardians when the subject matter of such meeting includes, or may include, matters relating to such contract, transaction or arrangement.
A guardian shall not vote in respect of any contract, transaction or arrangement in which he is so interested, and if he shall do so his vote shall not be counted, nor shall he be counted in the quorum present at the meeting.
At any meeting of the guardians, the guardians shall elect one of their number to take the chair for that meeting and the person so elected shall, in the case of an equality of votes, have a second or casting vote.
Subject to the provisions of this Order and to any other provisions of the Birmingham Assay Office Acts and Order 1824 to 1989, and the Hallmarking Act 1973, the procedure and business of the guardians shall be regulated in such manner as they may from time to time determine.