24. (1) The general meeting shall consist of all the shareholders and shall appoint the directors and an auditor.A general meeting shall be held every year on the second Wednesday of January, at 10:00 a.m., at a place to be indicated by the directors.
The first meeting may be called at any time by two shareholders, by depositing in the post-office of the locality where the syndicate’s place of business is situated a notice in a sealed and registered or certified envelope addressed to each shareholder, at least eight days before the said meeting. The first directors and an auditor shall be chosen at this meeting.
(2) General meetings shall afterwards be called by the president, or failing him, by the vice-president, by means of a notice contained in a registered or certified letter addressed to each shareholder and mailed at least eight days beforehand.