The copper era and Morenci leader., 1913-10-24

1EAN
 TC 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:
 co 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 requir-
 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, all 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:
 (J) 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 a 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 Qualifi-
 cation, or if after the expira-
 tion 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 a written resig-
 nation to the Board:
 (D) If he be absent from the
 Board Meetings continuously
 for six months without the con-
 sent of the Board:
 (E) If he be requested by all his
 co-Directors to resign his office: 75. No Director shall be disquali- fled by his office from contra cting with the Company, either as vendor, 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 bei n 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 of such Director holding that office, or of the fiduciary relation thereby es- tablished. No Director shall, as a Director, vote in respect of any con- tract or arrangement in which ne is so interested as aforesaid, and the nature of his interest shall be disclosed by him at the meeting of the Board at which the contract or arrangement is determined on, if his 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 or on behalf of the Company to give to the Directors, or any of them, any security by way of indemnity or in respect of advances made by them, or any of them, or to any contract or dealing with a corporation of which the Directors of this Company, or any of them, may be Directors or Mem bers, and it may at any time or times be suspended or relaxed to any extent by a General Meeting. A general notice that Director is member of any specified firm or company, and is to be regarded as interested in any IaI1 firm or company, shall be sufficient disclosure under this clause, and af- ter such general notice it shall not be necessary to give any special mo- tice relating to any particular transac- tion with such firm or company.
 6. ROTATION OF DIRECTORS. 76. Ordinary Directors may be Meeting, and such Directors (if any) shall hold office until the third Ordin- ary Meeting after the date of their becoming Directors. At such Ordin- ;ary Meeting and at the Ordinary Meeting in every subsequent year one third of the ordinary Directors for the time being shall retire from office. l If their number be not in multiple of three, then the number nearest to but not exceeding one-third, shall re- tire from office. 77. The Directors to retire shall be those who have been longest in office. In case of equality in this respect, the Directors to retire. unless they agree amongst themselves. shall be deter mined by ballot.
 IS. A retiring Director shall be 1 eligible for reelection. 79. The Company at General Meeting at which a Director retires in Ynnnnex eslvt9safd may i'll up the vacated office by electing person thereto. or may by Resolution leave