1553
share
72.—(1) A company limited by shares; it 80 Issue and authorised by its articles, may, with respect to any effect of fully paid-up shares, issue under its common seal a warrants warrant stating that the bearer of the warrant is to bearer. entitled to the shares therein specified, and may 19 & 20 Geo. provide, by coupons or otherwise, for the payment 5, c. 23, of the future dividends on the shares included in the s. 70. warrant.
(2) Such a warrant as aforesaid is in this Ordinance termed a "share warrant."
(3) A share warrant shall entitle the bearer thereof to the shares therein specified, and the shares may be transferred by delivery of the warrant.
of share-
73. If any person falsely and deceitfully personates Penalty for any owner of any share or interest in any company, personation or of any share warrant or coupon, issued in pursuance holder. of this Ordinance, and thereby obtains or endeavours 19 & 20 Geo. to obtain any such share or interest or share warrant 5, c. 23, or coupon, or receives or endeavours to receive any money due to any such owner, as if the offender were the true and lawful owner, he shall be guilty of felony, and shall on conviction thereof be liable to imprisonment for life.
Special Provisions as to Debentures.
s. 71.
bolders and shareholders
74.-(1) Every register of holders of debentures Right of of a company shall, except when duly closed, be debenture
open to the inspection of the registered holder of any such debentures, and of any holder of shares in the to inspect company, but subject to such reasonable restrictions register of as the company may in general meeting impose, so debenture that not less than two hours in each day shall be holders and allowed for inspection.
to have copies of trust deed.
s. 73.
For the purposes of this subsection, a register shall 19 & 20 Geo. be deemed to be duly closed if closed in accordance 5, c. 23, with provisions contained in the articles or in the debentures or, in the case of debenture stock, in the stock certificates, or in the trust deed or other docu- ment securing the debentures or debenture stock. during such period or periods, not exceeding in the whole thirty days in any year, as may be therein specified.
(2) Every registered holder of debentures and every holder of shares in a company may require a copy of the register of the holders of debentures of the company or any part thereof on payment of twenty- five cents for every hundred words required to be copied.
(3) A copy of any trust deed for securing any issue of debentures shall be forwarded to every holder of any such debentures at his request on payment n the case of a printed trust deed of the sum of one dollar or such less sum as may be prescribed by the company, or, where the trust deed has not been printed, on payment of twenty-five cents for every hundred words required to be copied.
(4) If inspection is refused, or a copy is refused cr not forwarded, the company and every officer of the company who is in default shall be liable to a fine not exceeding fifty dollars, and further shall be liable to a default fine of twenty dollars.
(5) Where a company is in default as aforesaid, the court may by order compel an immediate inspection of the register or direct that the copies required shall be sent to the person requiring them.
75. A condition contained in any debentures or Perpetual in any deed for securing any debentures, whether debentures. issued or executed before or after the commencement 19 & 20 Geo. of this Ordinance shall not be invalid by reason only s. 74
5, c. 23,