2. The Governors shall, at their first ordinary or stated meeting in each year, elect one of their number to be Chairman of their meetings for the year. If it is necessary to supply his place at any meeting, the Chairman of that meeting shall be appointed before any other business is transacted. The Chairman shall always be re-eligible.
3. Any resolution of the Governors may be rescinded or varied at a subsequent meeting, if due notice of the intention to rescind or vary the same has been given to all the Governors.
4. If at the time appointed for a meeting a sufficient number of Governors to form a quorum are not present, or if at any meeting the business is not completed, the meeting shall stand adjourned _sine die_, and a special meeting shall be summoned as soon as conveniently may be. Any meeting may be adjourned by resolution.
5. The Governors shall provide and keep a minute-book and books of account. All proper accounts in relation to the Foundation shall in each year be made out and certified, and copies sent to the Board of Education and the West Riding County Council in such form as the Board may require.
6. On sending accounts for any year to the Board of Education the Governors shall exhibit for public inspection in some convenient place in Giggleswick, copies of the accounts so sent for that year, giving due public notice where and when the same may be seen, and they shall at all reasonable times allow the accounts for any year to be inspected, and copies or extracts to be made, by all persons applying for the purpose.
7. Within the limits prescribed by the Scheme, the Governors shall have full power to make rules for the management of the Foundation, and for the conduct of their business, including the summoning of meetings, the deposit of money at a proper bank, the custody of documents, and the appointment during their pleasure of a Clerk or of any necessary officers at such a rate of remuneration as may be approved by the Board of Education.
8. The Governors shall manage the property of the Foundation not occupied for the purposes thereof according to the general law applicable to the management of property by Trustees of charitable foundations.
9. The Governors shall keep in repair and insure against fire all the buildings of the Foundation not required to be kept in repair and insured by the lessees or tenants thereof.