68
To which of
joint holders certificate to
be issued,
The first named of
deemed the holder for transfer.
22
35. The certificate of shares registered in the names of two or more persons shall, unless otherwise directed by them, be delivered to the person first named in the Register of Members, provided that in the case of joint holders the Company shall not be bound to issue more than one certificate to all the joint holders, and delivery of such certificate to any one of them shall be sufficient delivery to all.
36. If any share shall stand in the names of two or more persons the person first named in the Register of joint holders Members if in Hongkong, or in his absence, the next named person who shall be then in Hongkong shall as regards voting at any meetings, receipt of dividends, services of notices, and all or any other matters connect- ed with the Company, except the transfer of the share, be deemed the sole holder thereof.
Renewal of worn out or lost certificate.
Payment for new certificates.
Shares standing in
the name of a firm.
37. If any certificate be worn out or defaced, then, upon production and surrender thereof to the Directors they may order the same to be cancelled and may issue a new certificate in lieu thereof; and if any certificate be lost or destroyed, then, upon proof thereof to the satis- faction of the Directors and on such indemnity as the Directors deem adequate being given, and upon such advertisement being inserted as the Directors may re- quire, and upon payment by the member of all costs incurred, and generally upon such terms as the Directors may require, a new certificate in lieu thereof shall be given to the party entitled to such lost or destroyed certificate.
38. For every certificate issued under the last pre- ceding article there shall be paid to the Company the sum of one dollar.
39. If any share stand in the name of a firm the senior partner or manager thereof for the time being in Hongkong may be deemed the holder of such share for all purposes whatsoever under these Articles; and the duly authorised signature of such firm shall for all pur- poses be deemed the signature of the holder of such share.