The copper era and Morenci leader., 1913-10-03

mum rom the day appointed for the
 payment thereof to the time of the actual payment, but the Directors
 shall be at liberty to waive payment
 of that interest wholly or in part.
 IT. The provisions of these regu lations as to payment of interest shall apply in the case of non-payment of
 any sum which, by the terms of issue
 of a Share, becomes payable at a
 fixed time, whether on account of the
 amount of the Share, or by way of
 premium, as if the same had become
 payable by virtue of call duly made
 and notified.
 | IS. The Directors may make ar
 engagements on the issue of Shares
 for a difference between the holders
 in the amount of calls to be paid and
 in the times of payment.
 19. The Directors may, if they
 think fit, receive from any Member
 willing to advance the same all or
 any part of the moneys uncalIed and
 unpaid upon any Shares held by him; and upon all or any of the moneys
 so advanced may (until the same
 would, but for such advance, become presently payable) pay interest at
 such rate (not exceeding, without the
 sanction of the Company in general
 meeting, 6 per cent.) as may be
 agreed upon between the Member
 paying the sum in advance and the
 Directors Such advance shall ex- tinguish, so far as it shall extend, the liability existing upon the Shares in respect of which it is received.
 f. TRANSFER AND TRANSMIS-
 .. .. MISSION OF SHARES. .. ..
 20 The instrument of transfer of any Share in the Company shall be executed both by the transferor and transferee, and the transferor shall be deemed to remain holder of the Share until the name of the trans fierce is entered in the register of Members in respect thereof.
 21. Shares in the Company shall be transferred in any usual or com- mon form of which the Directors shall approve.
 22 The Directors may decline to recognize any instrument of transfer unless (a) a fee not exceeding two shillings and sixpense is paid to the Company in respect thereof, and (b) the instrument of transfer is accom- panied by the certificate of the Share to which it relates, and such other evidence as the Directors may req sonably require to show the right Of the transferor to make the transfer.
 23 The executors or administra- tors of a deceased sole holder of a Share shall be the only persons recog- | nised by the Company as having any | title to the Share. In the case of a Share registered in the names of two or more holders, the survivors or survivor, or the executors or admins traitors of the deceased survivor, shall be the only persons recognised by the Company as have any title to the Share.
 "A. Any person becoming entitled to a Share in consequence of the naf hor lyr11 YNf0 of Q shall, upon such evidence being pro- duced as may from time to time be by the Directors, have the right either to be registered as 8 Member in respect of the Share, or, instead of being registered himself, to make such transfer of the Share as the deceased or bankrupt person could have made, but the Directors shall, in either case, have the same right to decline or suspend registra- tion as they would have had in the case of transfer of the Share by the deceased or bankrupt person before .he death or bankruptcy.
 25 A person becoming entitled to 3 Share by reason of the death OF of the holder shall be en- titled to the same dividends and other advantages to which he would be entitled if he were the registered - shall not, before being registered as l Member in respect of the Share, be entitled in respect of it to exercise my right conferred by membership in relation to meetings of the Company.
 26. The transfer books may be closed during such period or periods IS the Beard may think fit, not ex- ,eeding on the whole 2S days in each year.
 5. FORFEITURE OF SHARES. lII
 27. If Member fails to pay any )f allotment of Share on the day appointed for payment thereof, the Directors may, at any time while the iame remains unpaid, serve a notice )n him requiring payment of the | same, together with any interest which may have accrued, and any expenses that may have been incurred y the Company by reason of such 1
 2S. The notice shall name furth- t 1T day (not less than seven days from s he date of the notice) on or before V which the payment required by the [ lotice is to be made, and shall state i hat, in the event of non-payment at t r before the time appointed, the $ 'hare in respect of which the pay | nent is due will be liable to be for i cited. (
 29 If the requirements of any such D otice as aforesaid are not complied o 1ith, any Share in respect of which S he notice has been given may at u ny time thereafter, before the pay t. lent required by the notice has been n ,ade, be forfeited by a resolution V the Board to that effect. e
 30. A forfeited Share may be held, s-allotted, sold or otherwise disposed S on such terms and in such man. u CT as the Board think fit, and at any u me before a sale or disposition the W ,rfeiture may be cancelled on such d ,rms as the Board think fit c, 31 A person whose Shares have a nara for.foitad SIalI ha a 4<