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


 therewith:-
 (A) Words denoting the singula
 number only shall include tn,
 plural number also, and vic,
 versa
 (B) 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 o1
 shares mean a resolution passed
 by a majority consisting of not
 less than three-fourths of the
 votes given upon the resolution (E) Month" shall mean calendar
 month.
 H.-cAPITAL.
 1. SHARES.
 3. In the original Capital of the Company there shall be attached to the Participating Preference and Or. dinary Shares respectively the rights 
 (A) The profits of the Company
 available for distribution as
 dividend in each year shall, in
 the first place, be applied in
 payment to the holders of the ~ TI0I0T04C0 0uaI6S Ol a cuInu-
 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 a 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
 (B) In the event of 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 of
 equal nominal value.
 4. The Directors may at any time, n their absolute and uncontrolled iscretion, and without assigning any eaSon therefor, decline to register ny proposed transfer of Shares. 5. The number of Members of the Company Exclusive of persons in he employment of the Company hall not at any time exceed fifty. 6. The Company shall not at any inc offer any of it's Shares or De- entures to the public for subscrip- ion nor issue Share Warrants.
 z. Subject to the foregoing provi- ions, the Shares of the original Capi- Il of the Company may be allotted, r otherwise disposed of, to such per ons and for such consideration, and pon such terms and conditions, as 1e Board may determine.
 8. Every person whose name is ntered as a Member in the Register f Members shall. without payment, I e entitled to a certificate under the | ommon Seal of the Company speci- ! ring the Share or Shares held by l ina and the amount paid up thereon, 1 rovided that in respect of Share | r Shares held jointly by several ersons, the Company shall not be ound to issue more than one certifi- ate and delivery of certificate for Share to one of several joint holders nall be sufficient delivery to all. g. If share certificate is defaced, st or destroyed, it may be renewed a payment of such fee, if any, not xceeding one shilling, and on such .rms, if any, as to evidence and in- as the Directors think fit. 10. No part of the funds of the shall be employed in the lrchase of, or in loans upon the se- lrity of, the Company's Shares.
 2 LIEN
 II. The Company shall have first Id paramount lien on every Share lot being a fully-paid Share) for all oneys (whether presently payable or o) called or payable at a fixed time respect of that Share, and the Com any shall also have a lien on all hares (other than fully paid Shares) anding registered in the name of a ngle person for all moneys presently ayable by him or his estate to the ompany; but the Directors may at holly or in part exempt from the 'ovisions of this clause. The Com any's lien, if any, on a Share shall ,tend to all dividends payable there 12. The Company may sell, in such amer as the Directors think fit, any lares on which the Company has a ,n, but no sale shall be made unless me sum in respect of the n exists. is presently payable, nor til the expiration of fourteen days , ter a notice in writing, stating and payment of such part of e amount in respect of which the !, n exists as is presently payable, :, s been given to the registered . lder for the time being of the ' ares,o the person entitled by req z n of his death or bankruptcy to !, e Shares. Is. The proceeds of the sale shall applied in payment of such part of 9 amount in respect of which the /. n exists as is presently payable, and 3 residue shall Subject to a like | n for sums not presently payable . existed upon the Shares prior to | ? sale) be paid to the person en- led to the Shares at the date of the T,