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


 (FJ Make. draw. accept, endorse.
 be issued:
 and negotiate respectively
 promissory notes, bills, cheques,
 or other negotiable instruments
 provided that every promissory
 note, bill, cheque, or other ne-
 gotiable instrument drawn,
 made, or accepted, shall be
 signed by such person or per
 sons as the Board may ap-
 point for the purpose:
 (G) 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. GID Grant to any Director rcquir-
 ed to go abroad or 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, ,an or any part of
 the property, privileges, and un-
 dertaking 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.
 5. DISQUALIFICATION OF DI-
 RECTOR.
 "A. The office of Director shall be vacated
 (A) If he become of unsound
 mind, bankrupt, or compound
 with his creditors:
 (B) If he do not within two
 months from the date Of his
 appointment obtain his qualih-
 cation, or if after the expira-
 ton of such period he ceases
 at any time to hold his quail
 fication A person vacating of
 fee under this sub-clase shall
 be incapable of being reap
 pointed a Director of the Com pany until he has obtained his
 qualification:
 co If he send in written resig'
 nation to the Board:
 CD If he be absent from the
 Board Meetings continuously
 for six months without the con
 sent of the Board:
 CE) If he be requested by aE his
 co-Directors to resign his office: T5. No Director shall be disquali fled by his office from contracting purchaser, or otherwise, nor shall any such contract, or any contract or ar rangement entered into by or on be half of the Company in which any Director shall bel any way interest ed, be avoided, nor shall any Director so contracting, or being so interested be liable to account to the Company for any profit realised by any such contract or arrangement by reason o1 such Director holding that office, ol of the fiduciary relation thereby es tablished No Director shall, as 2 Director, vote in respect of any con tract or arrangement in which he is so interested as aforesaid and the nature of his interest shal be disclosed by him at the meeting o1 the Board at which the contract ol arrangement is determined on, if hi: interest then exist, or in any other case 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 ol on behalf of the Company to give tt the Directors, or any of them, an, security by way of indemnity or II respect of advances made by them, oi any of them, or to any contract ol dealing with a corporation of whicf the Directors of this Company, or any of them, may be Directors or Mem bers, and it may at any time or time: be suspended or relaxed to any exten by a General Meeting. A genera notice that a Director is a member O. any specified firm or company, and is to be regarded as interested in any subsequent transaction with sucf firm or company, shall be suff1cien disclosure under this clause, and af ter such general notice it shall no be necessary to give any special no tice relating to any particular transac tion with such firm or company.
 6. ROTATION OF DIRECTORS. 76 Ordinary Directors may b elected by the Company in Genera Meeting, and such Directors (if any shall hold office until the third Ordir ary Meeting after the date of thei becoming Directors At such OrdiI ary Meeting and at the Ordinar Meeting in every subsequent year one third of the ordinary Directors fo the time being shall retire from office If their number be not in multiple c three, then the number nearest t but not exceeding one-third, shall re tire from office.
 IT. The Directors to retire shall b those who have been longest in office In case of equality in this respect, tn Directors to retire, unless they agre amongst themselves, shall be deter mined by ballot.
 78 A retiring Director shall b eligible for reelection.
 79. The Company at a Genera Meeting at which a Director retire in manner xruresalN may i'll up tn vacated office by electing perso thereto or may by Resolution leav