The copper era and Morenci leader., 1913-10-17

ssigned to them, unless there bo omething in the context inconsistent 
 (A) Words denoting the singular
 number only shall include the
 plural number also, and vice
 versa.
 CB) Words denoting the masculine
 gender only shall include the
 feminine gender also.
 co Words denoting persons only
 shallinclude corporations. .(D) 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.
 II.-cAPrTAL.
 l. SHARES.
 8. In the original Capital of the Company there shall be attached to he Participating Preference and Or finary Shares respectively the rights 
 (A) The profits of the Company
 available for distribution as
 dividend in each year shall, 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-
 ;spectively, in the second place,
 inpayment to- the holders of
 Ordinary Shares of 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.
 (B9 In the event of a winding up
 of the Company, any surplus
 assets shall be applied, first, in
 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
 as if the said Shares were ot
 equal nominal value.
 4. The Directors may at any time in their absolute and uncontrolled and without assigning any reason therefor, decline to register any proposed transfer of Shares. 5. The number of Members of the Company (exciusive of persons ir the employment of the Company shall not at any time exceed fifty. 6. The Company shall not at any time offer any of its Shares or De bentures to the public for subscrip tion nor issue Share Warrants.
 '. Subject to the foregoing provt sions, the Shares of the original Capi tai of the Company may be allotted or otherwise disposed of, to such per sons and for such consideration, and upon such terms and conditions, a: the Board may determine. 8. Every person whose name i: entered as Menher in the Register of Members shall, without payment be entitled to- certificate under ths Common Seal of the Company specf flying the Share or Shares held by him and the amount paid up thereon provided that in respect of Share or Shares held jointly by severa persons, the Company shall not bt bound to issue more than one, certifi cate and delivery of a certificate fol a Share to one of several joint holder: shall be sufficient delivery to all. g. If a share certificate is defaced lost or destroyed, it may be renewed on payment of such fee, if any, no exceeding one shilling, and on sucl terms, if any, as to evidence and in demnity. as the Directors think fit Company shall be employed in tht purchase of, or in loans upon the SC curity of, the Company's Shares.
 2. LIEN.
 II. The Company shall have a frs and paramount lien on every Share (not being a fully-paid Share) for al moneys (whether presently payable O. not) called or payable at a fixed time in respect of that Share, and the Com pany shall also have lien on al Shares (other than fully paid Shares, standing registered in the name of z single person for all moneys presently payable by him or his estate to the Company; but the Directors may a any time declare any Share to be wholly or in part exempt from the pany's Han, if any, on a Share shal extend to all dividends payable there on.
 12. The Company may sell, in sucf manner as the Directors think fit, any Shares on which the Company has { lien, but no sale shall be made unless some sum in respect of the lien exists is presently payable, nol until the expiration of fourteen days after a notice in writing, stating an6 demanding payment of such part oi tEe amount in respect of which the fen exists as is presently payable has been given to the registered holder for the time being of the Shares.o the person entitled by req son of his death or bankruptcy tc the Shares
 13. TEe proceeds of the sale shall be applied in payment of such part oi the amount in respect of which the lien exists as is presently payable, and the residue shall Subject to a like lien for sums not presently payable