24. No person holding any office, place or employment in or being concerned or interested in any contract under or with the company shall be capable of being chosen a director, or of holding the office of director, nor shall any director of the company enter into, or be directly or indirectly, for his own use and benefit, interested in any contract with the company, not relating to the purchase of land necessary for the railway, or be or become a partner of any person who enters into any contract with the company.
R. S. 1964, c. 290, s. 24.