The copper era and Morenci leader., 1913-09-19

u 1 A . at the rate of e10 per cent. per an- mum from 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- Iations 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 a 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 uncalled 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, 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.
 4. 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 snail be transferred in any usual or com mon form of which the Directors shall approve.
 f 22. The Directors may decline to recognize any instrument of transfer unless (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 Snare to which it relates, and such, other evidence as the Directors may req sonably require to show the right or
 
 23. The executors or adm1n1stra- 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 or Share registered in the names Of two or more holders, the survivors or survivor, or the executors or admins trators of the deceased survivor, snail be the only persons recognised by the Company as have any title 10 fhe Share. s-s~ {, "A. Any person becoming entitled to a Share in consequence of the death or bankruptcy of a Member shall. upon such evidence being pro duced as may from time to time be required by the Directors, have the right either to be registered as Member in respect of the Share, or, instead of being registered himself to make such transfer of the Snare as the deceased or bankrupt person could have. made, but the Directors i shall. in either case, have the same riebt to decline or suspend registra I tion as they would have had in the case of a transfer of the Share by the 1 deceased or bankrupt person pelore the death or bankruptcy.
 25. A person becoming entitled te a Share by reason of the death ol bankruptcy of the holder shall be en titled to the same dividends ane other advantages to which he woult be entitled if he were the registered holder of the Share, except that h' shall not, before being registered al a Member in respect of the Share, D'
 entitled in respect of it, to exercls' any right conferred by membership Il
 relation to meetings of the Company | 26 The transfer books may D | closed during such period or perlou | as the Board may think fit, not eS q ceeding on the whole 2S days in eac' II year. Il 27. If a Member fails to pay an
 call or money payable under the term [ of allotment of a Share on the da
 annointed for payment thereof, tn Directors may, at any time while LII same remains unpaid, serve notlc on him requiring payment of tn same. together with any interes : which may have accrued, and an , exnenses that may have been 1ncurre by the Company by reason or sue I non-payment.
 aS The notice shall name a furtl
 CT day (not less than seven days 1rol i, the date of the notice) on or DeIoI v which the payment required py tn a notice is to be made, ana snail sta' : that. in the event of non-payment . or before the time appointed, tI r Share in respect of which the pa . ment is due will be liable to De 10 q feited. Er-
 z % If the requirements of any sue Q notice as aforesaid are not compiie with any Share in respect of whfe < < inc notice has been given may . any time thereafter, before the pa ,- ment required by the notice has pee o made be forfeited by resoIutle
 of the Board to that effect. II 30. A forfeited Share may be hel if tre-allotted. sold or otherwise dispose :. las ,or snch terms and in such ma