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Retiring directors eligible for re-election.
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3. The members of the said Corporation may at every annual election of directors re-elect for the ensuing year all or any of those who were directors for the year next preceding: Provided always, that the members of the Corporation may at any time hereafter, at a meeting of a general court, and by a resolution as aforesaid, determine that thenceforth some number not exceeding one third of the retiring directors shall not be chosen at the next following election, and at the same time and in like manner provide the mode in which the directors who are not to be re-eligible shall be determined.
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