The copper era and Morenci leader., 1913-10-24

Share, and the person to whom the Share is sold or disposed of shall be registered as the holder of the Share and shall not be bound to see tc the application of the purchase money, if any, nor shall his title to the Share be effected by any irregu1arity or in- validity in the proceedings in refer ence to the forfeiture, sale, or dis posal of the Share.
 B. The Board may accept the sur render of any Share by way of com promise of any question as to the holder being properly registered in respect thereof or any gratuitous sur render of a fully paid Share. Any Share so surrendered may be dispos- ed of in the same manner as a for 1 feited Share
 6. ALTERATION OF CAPITAL. tion of Special Resolution of the Company, increase the Share Capital by the issue of new Shares.
 35. Such new Shares shall be of such amount, and shall be issued for such consideration, on such terms and conditions, and with such preference or priority as regards dividends, or in the distribution of assets, or as to voting, or otherwise, over other Shares of any class, whether then already issued or not, or with such stipulations deferring them to any other Shares with regard to dividends or in the distribution of assets as the Company by Special Resolution may direct.
 36. The new Shares shall be sub- ject to the same provisions with ref erence to the payment of calls, lien, transfer; transmission, forfeiture and otherwise as the Shares in the orig inal Share Capital.
 37. The Company may in General Meeting consolidate it's Shares, or any of them, into Shares of larger amount
 38. The Company may by Special Resolution subdivide it's Shares, or any of them, into Shares of smaller amount, and may by such resolution determine that, as between the hold CTS of the Shares resulting from such subdivision, one or more of such Shares shall have some preference or special advantage as regards divi- dend, capital voting or otherwise over or as compared with the other or oth- CTS. tt
 39. The Company may reduce it's capital by paying off capital, cancel ling capital which has been lost or is unrepresented by available assets, reducing he liability on the Shares, cancelling Shares not taken or agreed to be taken by any person, or other wise, as may seem expedient, and capital may be paid off upon the foot ing that it may be called up again or otherwise.
 III. MEETINGS OF MEMBERS.
 l. CONVEYING OF GENERAL
 MEETINGS.
 40. The Statutory General Meeting of the Company shall be held within the period required by Section 65 of the Companies Consolidation Act, 1908.
 4. A General Meeting shall be held once in every year at such time (not being more than fifteen months after the holding of the last preced- ing General Meeting) and place as may be prescribed by the Company in General Meeting, or, in default, at such time in the month following that in which the anniversary of the Company's incorporation occurs, and at such place as the Board shall ap- point. In default of General Meet ing being so held, General Meeting shall be held in the month next fol- lowing, and may be convened by any two Members in the same manner as nearly as possible as that in which meetings are to be convened by the Board
 f 42. The aforementioned General Meetings shall be called Ordinary Meetings; all other General Meetings shall be called Extraordinary.
 43. The Board may, at any time, convene an Extraordinary General Meeting, and Extraordinary General Meetings shall also be convened on such requisition, or, in default, may be convened by such requisitionists as provided by Section 66 of the Con- panies Consolidation Act. If at any time there are not with the United Kingdom sufficient Directors capable of acting to form quorum, any Director or any two Members Of the Company may convene an Extra ordinary General Meeting in the same manner as nearly as possible as that in which meetings may be convened by the Board.
 I2 PROCEEDINGS AT GENERAL
 MEETINGS.
 fl, Seven days notice at the least (exclusive of the day on which the notice is served or deemed to be served, but inclusive of the day for which notice is given) specifying the place, the day, and the hour of meet ing, and in case of special business, the general nature of that business, shall be given in manner hereinafter mentioned, or in such other manner, if any, as may be prescribed by the Company in General Meeting, to such persons are are, under the regulations of the Company, entitled to receive such notices from the Company; but the accidental omission to give notice to any Member, or the non-receipt of notice by any Member, shall not in- validate the proceedings at any Gen. eral Meeting.
 45 All business shall be deemed special that is transacted at an Ex- traordinary Meeting, and all that is transacted at an Ordinary Meeting.