In a limited company, the liability of members or subscribers of the company is limited to what they have invested or guaranteed to the company. Limited companies may be limited by shares or by guarantee.
President pro tempore. A president pro tempore or speaker pro tempore is a constitutionally recognized officer of a legislative body who presides over the chamber in the absence of the normal presiding officer. The phrase pro tempore is Latin for the time being. In Argentina, a similar role is carried by the Provisional President of the Argentine Senate in the absence of the Vice President of Argentina who is designated, by the 1994 amendment to the 1853 Constitution, as the Senate President.
Three members of the Council are elected from the City at large. A president Pro Tem is elected by the members of the Council to serve as the Acting President of Council in the absence or disability of the President of Council.