and establish a preparatory office. The rest $800,000 will be
sufficiently subscribed before the inauguration of the Co. The
promotore, who have spent so mon effort to make projects and 112
The pro-
plans, should be compensated according to Art. 29.
ferential shares will be compensated by the decisions of the
Directors' Board.
Art.7. After the present regulations have ben approved
by the Reorganisation Bureau, we start to recruit shares.
Art.8. All our share bonde bear names, and the interest
is 15% per annus, to be calculated from the date of the payment
of the shares
Art.9. The shareholders are limited to Chinese nationalist,
foreign shares are not desired.
Art.10. The shares must be paid in cash, and no other
bonds or oreaits are accepted.
However, if properties are used
in place of cash, after paying a certain amount of shares in
cash, the Co. will accept it and give a certain amount of shares
in case that the properties are fit for use.
§ III. AS: EMBLY OF MEGAH HOLDERS.
Art.11. The usual assembly of the shareholders will be
called at a certain time after the accounts of the Co. have been
closed. The number of callings will follow the number of
closings of accounts in the year, at least once per year.
Art.12. In case of eed, a special assembly may be held
at any time.
Art.13. The calling of the assembly of the shareholders
pertains to the power of the Sirectors' Board. Any exceptional
callings not specified by the present regulations will be
fixed by the Preparatory Committee.
Art.14. The shares may be transferred, but registration
must be made in advance. Within one month of election of
directors, such transfers are coscea to give importance to th
election.
■ IV./