And We do hereby further will and ordain that, notwithstanding anything
contained in the original charter, the Governor, Deputy-Governor,
and Committeemen shall, after the year One thousand eight hundred
and eighty-four, hold their respective offices subject to retirement
by rotation as hereinafter provided, that is to say, at the general
court to be held in the year One thousand eight hundred and eighty-five,
and at every succeeding general court, three members of the Board shall
retire from office, and that, until all the present Board shall in turn
have retired, the members of the Board to retire shall from time to time
be determined by ballot or otherwise amongst the members of the present
Board, or such of them as for the time being shall not have retired,
but afterwards the members of the Board to retire shall be those who
shall have been longest in office since their last election, and as
between members of the Board of equal seniority the member or members to
retire shall be determined by lot; provided always that the Governor and
Deputy-Governor shall not both retire at the same time, and that in the
ballot for determining who shall retire in the year One thousand eight
hundred and eighty-five, the Governor and Deputy-Governor shall not both
be included, but only one of them, such one to be determined by lot;
and in the event of neither the Governor nor the Deputy-Governor being
selected by ballot to retire in the year One thousand eight hundred and
eighty-five, one of them to be determined by lot shall retire in the
year One thousand eight hundred and eighty-six. And provided always
that a retiring member of the Board shall be eligible for re-election,
and that, if the retiring member be the Governor or Deputy-Governor of
the Company, he shall be eligible for re-election, or any other member of
the Board shall be eligible for election as Governor or Deputy-Governor
respectively; and in the event of any member of the Board being elected to
the office of Governor or Deputy-Governor, in the place of the retiring
Governor or Deputy-Governor such member shall be deemed to have retired