Marginal note:First directors’ meeting
(a) make by-laws;
(b) adopt forms of share certificates and corporate records;
(c) authorize the issue of shares of the bank;
(d) appoint officers;
(e) appoint, pursuant to subsection 314(1), an auditor or auditors to hold office until the first meeting of shareholders;
(f) make banking arrangements; and
(g) deal with any other matters necessary to organize the bank.
Marginal note:Calling directors’ meeting
(2) An incorporator or a director named in the application for letters patent may call the meeting referred to in subsection (1) by giving, subject to subsection 181(2), no fewer than five days notice of the purpose, time and place of the meeting to each director of the bank.
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