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

9) Make, draw accept endorse,
 be issued:
 and negr ate respectively
 promissorJ Iotes, bills, cheques,
 or other : zgotiable instruments
 provided that every pTomissory
 note, bill, cheque, or other ne-
 gotiab1e instrument drawn,
 made, or accepted, shall be
 Bigned by such person or per
 sons as the Board may ap-
 point for the purpose:
 co Invest or lend the funds of
 the Company not required for
 immediate use in or upon such
 investments as the Board deem
 fit (other than shares of the
 Company, and from time to
 time transpose any investment. (H) Grant to any Director reQuir- ed to go abroad orN to render
 any other extraordinady ser
 vice, such special remuneration
 for the services rendered as the
 Board think proper:
 CD Sell, let, exchange, or other
 wise dispose of, absolutely or
 conditionally all or any part of
 the property, privileges, and un-
 dertakza9 Of the Company, upon
 such terms and conditions and
 for such consideration as the
 Board may think fit:
 (D Affix the Common Seal to any
 document, provided that such document be also signed by at
 least one Director and counter
 signed by the Secretary or
 other officer appointed for that
 purpose by the Board.
 
 RECTOR.
 7z. The office of a Director shall be vacated
 (A) If he become of unsound
 mind, bankrupt, or compound
 with his CT editors:
 (B) If he do not within two
 months from the date Of his
 appointment obtain his Quali6-
 cation, or. if after the expira-
 ton of such period he ceases
 at any time to hold his quail
 heatiol A person xacating of
 nee under this sub-clase shall ,fi1.f be incapable of heine reap .s4t%st.p1ineed bffector of the Com pAaft until he has obtained his sfr uualif fcztfon: s .N .s..s (c) If he send in written resig-
 nation to. the Board: e
 (Ol IT ne pc .ts4QseuL ifTOtu luS
 Board Meetings continuously
 f,f for six, months without the con- f sent of the Board:
 (Rl If he be requested by al. his
 co-Directors to resign his office: 15. No Director shall be sdisQuali- aeT by his office from contracting with the Company, either as vendor, or otherwise, nor shall any such contract, or any contract or ar 1rsoment entered into by or on be- 11If of the Company, in which any Director shall bel n any. way interest sd, be avoided, nor shall any Director Sd contracting, or being so interested, be liable to account to the Company for any profit realised by any such contract or arrangement by reason of such Director holding that office, or. of tke hduciary relation thereby es- tabl1shed. No Director shall, as a Director. vote in respect of any con- tract or arrangement in which he is so interested as aforesaid, uuH the nature of his interest shall be, disclosed by him at the meeting Of ,ht Board at which the contract or arrangement is determined on, if his then exist, or in any other ease at the first meeting of the Board after the acquisition of his interests but such prohibition against voting shall not apply to any contract by OF ors behalf of the Company to give to tue Directors, or any of them, any security by way of indemnity or in respect of advances made by them, or any of them, or to any contract or dealing with a corporation of which the Directors of this Company, or any of them, may be Directors or Mem bere, and it may at any time or times Hesspspended or relaxed to any extent by "a General Meeting. A general sotice that a Director is a member of my specified firm or company, and is To be regarded as interested in any yu haeouent transaction with such Cirm or company, shall be sufficient disclosure under this clause, and af- ter such general notice it shall not be necessary to give any special no tice relating to any particular transac- ton with such firm or company.
 6. ROTATION OF DIRECTORS. elected by the Company in General and such Directors (ff any) shall hold office until the third Ordin- ary Meeting after the date of their becoming Directors. At such Ord1n- ary Meeting and at the Ordinary in every subsequent year one third of .he ordinary Directors for the time being shall retire from office. If their number be not in multiple of three. then the number nearest to but not exceeding oRe-third, shall re- tire from office.
 77. The Directors to retire shall be those who have been longest in office. [n case of equality in this respect, the Directors to retire, unless they agree amongst themselves, shall be deter mined by ballot.
 IS. A retiring Director shall be eligible for reelection.
 79. The Company at General Meeting at which Director retires n manner uxUEDsa10 may Ell up the vacated office by electing a person hereto. or may by Resolution leave