N
244
Sub-division consolida-
tion.
Sub-division
34
35
as to General
and paid up capital may be cancelled as aforesai shares of the class or is confirmed by an Extraordin without reducing the nominal amount of the share by the like amount to the intent that the unpaid an of the holders of shares of that class and all the ary Resolution passed at a separate General Meeting callable capital shall be increased by the like amour and the Company may also from time to time Meetings shall mutatis mutandis apply to every such
provisions hereinafter contained Special Resolution sub-divide or by Ordinary Resolt meeting but so that the quorum thereof shall be tion, consolidate its shares or any of them. Th members holding or representing by proxy one-third Directors may, on any resolution being passed app! of the nominal amount of the issued shares of the to the proper court, and do all other things necessar class. This clause is not to derogate from any power or expedient to obtain the confirmation thereof.
the Company would have had if this clause were omitted.
91. Any thing done in pursuance of the last preced ing Article shall be done in manner provided by the Ordinances so far as they shall be applicable accordance with the terms of the Special Resolution authorising the same; and so far as such resolutio shall not be applicable, in such manner as the Dire tors deem most expedient.
92. The Special Resolution whereby any share i into preferred sub-divided may determine that as between the and ordinary holders of the shares resulting from such sub-division one or more of such shares shall have some preference or special advantage as regards dividend, capital voting or otherwise over or as compared with the
Cancellation of shares.
Power to modify rights.
others or other.
93. The Company may by Special Resolution cancel any Shares which at the date of the passing of such resolution have not been taken or agreed t be taken by any person, and diminish the amount o its Share Capital by the amount of the Shares s cancelled.
Modification of Rights.
94. Whenever the Capital by reason of the issu of preference shares or otherwise is divided int different classes of shares all or any of the rights and privileges attached to each class may be modifie commuted affected abrogated or dealt with by agreement between the Company and any perso: purporting to contract on behalf of that class provide such agreement is ratified in writing by the holder of at least three-fourths in nominal value of the issued
Borrowing Powers.
borrow.
95. The Directors may, from time to time, at their Power to discretion, raise or borrow, or secure the payment of, any sum or sums of money for the purposes of the Company.
96. The Directors may raise or secure the payment Conditions
ou which may or repayment of such sum or sums in such manner he borrowed. and upon such terms and conditions in all respects Company's property and by the issue of Debentures as they think fit and in particular by Mortgage of the
all or any part of the property of the Company (both or Debenture Stock of the Company charged upon present and future) including its uncalled capital for the time being.
97. Debentures, Debenture Stock, and other Assignment. securities may be made assignable free from any equities between the Company and the person to whom the same may be issued.
98. Any Debentures, Debenture Stock, bonds, or Special
privileges. other securities, may be issued at a discount, premium, or otherwise, and with any special privileges as to redemption, surrender, drawings, allotment of shares, attending and voting at General Meetings of the Company, appointment of Directors, and otherwise.
99. The Directors shall cause a proper register to Register of be kept at the Registered Office in accordance with mortgages. Section 102 of the Companies Ordinance 1911, of all mortgages and charges specifically affecting the property of the Company; and shall duly comply