(2) They may make by-laws not contrary to law, nor to the constituting act of the company, for the following purposes:
(a) the regulating of the allotment of stock, the making of calls thereon, the payment thereof, the issue and registration of certificates of stock, the forfeiture of stock for non-payment, the disposal of forfeited stock and of the proceeds thereof, and the transfer of stock;
(b) the declaration and payment of dividends;
(c) the number of the directors, their term of service, the amount of their stock qualifications, and their remuneration, if any;
(d) the appointment, functions, duties and removal of all officers, agents and employees of the company, the security to be given by them to the company, and their remuneration;
(e) the time and the place for the holding of the annual meetings of the company, the calling of meetings, regular and special, of the board of directors and of the company, the quorum, the requirements as to proxies not otherwise prescribed by this Part, and the procedure in all things at such meetings;
(f) the imposition and recovery of all penalties and forfeitures which admit of regulation by by-law;
(g) the conduct in all other particulars of the affairs of the company.