The copper era and Morenci leader., 1913-10-10


 (A) Words denoting the singular
 number only shall include the plural number also, and vice
 versa.
 (B) Words denoting the masculine
 gender only shall include the
 feminine gender also.
 co Words denoting persons only
 shalliuclude corporations CD Extraordinary Resolution"
 shall in the case of a meeting
 Of the holders of any class of
 shares mean a resolution passed
 by majority consisting of not
 less than three-fourths of the
 votes given upon the resolution. (E) Month" shall mean calendar
 month.
 Il.-cAPiTAL.
 a 1. SHARES.
 8. In the original Capital of the Company there shall be attached to he Participating Preference and Or linary Shares respectively the rights 
 (A) The profits of the Company
 available for distribution as
 dividend in each year shall, in the. first place, be applied in
 payment to the holders of the
 Preference Shares of a cumu-
 lative preferential dividend of
 10 per cent on the amounts for
 the time being paid up or cred
 ited as paid up thereon re-
 inpayment to the holders of
 Ordinary Shares of a dividend
 of 2-per Share, and the bal
 ance shall be distributed rate
 ably amongst the holders of
 Preference Shares and Ordinary
 Shares pari passu as if the
 Said Shares were of equal
 nominal value. 1g e5i5 (B) In the event of winding up
 of the Company, any surplus
 assets shall be applied, first, fn
 repayment of the amounts paid
 or credited as paid on the
 Preference Shares, then, in, re-
 payment of the amounts paid
 up or credited as paid up on
 the Ordinary Shares, and the
 balance (if any) shall be dis.
 tributed rateably amongst the
 holders of Preference Shares
 and Ordinary Shares pari passu, T-.. as if the said Shares were o1
 equal nominal value.
 -' 4. The Directors may at any time n their absolute and uncontrolled discretion, and without assigning any reason therefor, decline ]: to register any proposed transfer of Shares.
 5. The number Of Members of the Company (exclusive of persons in the employment of the Company) shall not at any time exceed fifty. 6. The Company shall not at any time offer any of it's Shares or De. bentures to the public for subscrip. ion nor issue Share Warrants. CrrhS nxys sions, the Shares of the original Capi ta1 of the Company may be allotted pr otherwise disposed of, to such per sons and for such consideration, and upon such terms and conditions, as the Board may determine.
 8. Every person whose name is entered as a Member in the Register of Members shall, without payment be entitled to certificate under the Common Seal of the Company speci lying the Share or Shares held by him and the amount paid up thereon provided that in respect of a Share pr Shares held jointly by several persons, the Company shall not be bound to issue more than one certif gate and delivery of a certificate for shall be sufficient delivery to all.
 
 lost or destroyed, it may be renewed on payment of such fee. if any, not one shilling, and on such -erms,, if any, as to evidence and In. iemnity, as the Directors think 1t 10. No part of the funds of the Company shall De employed in the purchase of, or in loans upon the se- ,urity of, the Company's Shares.
 ys 2. LIEN. E34:s3 ,.s. IL. The Company shall have a first md paramount lien on every Share mot being fully-paid Share) for all moneys (whether presently payable or lot) called or payable at a fixed time n respect of that Share, and the Con- ,any shall also have a lien on all Shares (other than fully paid Shares) standing registered in the name of a jingle person for all moneys presently payable by him or his estate to the Company; hut the Directors may at my time declare any Share to be wholly or in part exempt from the provisions of this clause. The Com 'any's lien, if any, on a Share shall xtend to all dividends payable there n. . rz 12 The Company may sell, in such hammer as the Directors think fit, any hares on which the Company has a len, but no sale shall be made unless ome sum in respect of the len exists is presently payable, nor ntil the expiration of fourteen days fter notice in writing, stating and payment of such part of he amount in respect of which the en exists as is presently payable, as been given to the registered older for the time being of the hares.o r the person entitled by req on of his death or bankruptcy to le Shares.
 13. The proceeds of the sale shall g applied in payment of such part of le amount in respect of which the en exists as is presently payable, and le residue shall Subject to a like en for sums not. presently payable 5 existed upon the Shares prior to le sale) be paid to the person en- tied to the Shares at the date of the 1