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


 hold office only untilsfhe pext folloy- ing Ordinary General Meeting of the Company, and shall thent be. eligible 66. No person other than a retir- ing Director shall be elected a Direc- Director appointed by the Board) unless at least four and not moro than seven clear days notice sha1l have been left at the Registered Of flee. of the Company of the intention to propose him, together. with a notice in writing by himself of his willing ness to be elected.
 9 ALTERNATE DIRECTORS.
 67. Every Director may appoint be an alternate Director, and such ap- pointment shall have effect, and such appointee whilst he hold office, as an alternate Director shall be entitled to notice Of Meetings of the Directors, and, in the absence of the Director appointing him, to attend and vote thereat accordingly, but he shall not require any qualification, and he shall ipso facto vacste office if and when the Director appointing him vacates office as Director or remove the alternate Director from office, and any appointment or removal under this clause shall be effected by notice in writing under the hand of the -Di- rector making the same.
 6S. Every person acting as an al- ternate Director shall while so acting be deemed an officer of the Company, and not to be the agent of the Direc- tion of any such alternate Director shall be payable out of the re1nunera- ton payable to the Director appoint ing him, and shall consist of such portion of the last mentioned remun- eration as shall be agreed between the alternate Director and the Director appointing him.
 8. QUALIFICATIONS AND REMUN-
 ERATION OF DIRECTORS.
 69 The qua1ihcation of Director shall be the holding of 100 Shares of the. Company. A Director may aet before acquiring his qualification, but in any case he shall acquire the same within two months of his appoint ment sr@
 70. The Directors shall be paid out of the funds of the Company by way of remuneration for their services at the rate of s1Q0per .apnHm each. with the whole to be treated as accr1ing from day to day andpayabie qlartsrly. By way of further remuneration, the Directors shall also be entitled. to re- ceive a sum equal to 10 per cent. of the net profits available for dividend in each year. The said last mention ed remuneration shall be divided amongst the Directors, in such pro. portions and manner as the Directors may determine, and in default of de- Termination, equally.
 = 71 = T,, ,idftio,,' -tr, tl,e ,-or,,,,uarat tioys provided by the preceding Article, the Darectors shall be repaid all their travelling and other expenses proper ly andn ecessarily incurred by them in attending Meetings of the Directors or Members or otherwise on the af- fairs of the Company.
 4. POWERS OF DIRECTORS.
 72 The business of the Company shall be managed by the Board, who to the formation, registration, and advertising of the Company, and the issue of it's capital. The Board may exercise all the powers of the Com pany, subject, nevertheless, to the provisions of any Acts of Parliament or of these Articles, and to such regu- lations (being not considtent with any such provisions of these Articles) as may be prescribed by the Company in General Meeting. but no regglatiens made by the Company in General Meeting shall invalidate any prior act of the Board which would have been valid if such regulations had not been made. - --rr
 7S.> Without restricting the gener- ality of the foregoing powers, the Board may do the following things:- (A) Establish local boards, local
 managing or consulting commit
 tees, or local agencies in the
 United Kingdom or abroad, and
 appoint any one or more of
 their number or any other per
 son or persons to be members
 thereof, with such powers and
 authorities, under such regUla-
 tions, for such period, and at
 such remuneration as they may
 deem fit, and may from time
 to time revoke any such 'ap-
 pointment: as
 (B) Appoint from time to time
 any one or more of their mum
 Der to be Managing Director or
 Managing Directors, on such
 terms as to remuneration, and
 with such powers and authori-
 ties, and for such period as they
 deem fit, and may revoke such
 appointment: F
 co Appoint any person or per
 sons, whether Director or Dd-
 rectors of the Company or not,
 to hold in trust for the Com
 pany any property belonging to
 the Company, or in which it is
 interested, or for any other
 purposes, and execute and do
 all such instruments and things
 as may be requisite in relation
 to any such trust: & (D) Appoint, in order to execute
 any instrument or transact any
 business abroad, any person or
 persons the attorney or attQr-
 neys of the Company with