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ANO DE 1935–BOLETIM OFICIAL DE MACAU-N.o 30–27 DE JULHO
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rect connection with the exploitation of the responsible for the payment of the instal- the Company and who communicate to the monopoly referred to. - Third.-The Comments relating to partners' holdings not yet Company to such effect. If the Company pany's duration is for an undetermined pe- fully paid, at the date of the notification.- shall not effect the amortisation, such part- riod, commencement starting to all Twelfth. — The division of partners' hold- ners may transfer their partners' holdings to effects from this date. · Fourth. — The ca- ings is not prohibited. — Thirteenth. The others, but they should, however, first offer pital of the Company is one million dollars dividing up of partners' holdings shall be them, through the Management, to the other corresponding to the partners' holdings expressly agreed to by the Company by partners, and any of the partners shall have subscribed by the partners as follows: means of certified writing or certified docu- the right to acquire them. And if more than The party, George Gwinnett Noble Tinson, ment in which the amount of the partners' one partner wishes to acquire the same part- eight hundred thousand dollars, that is to holdings resulting from the division shall be ner's holding, it shall be granted by drawing say eighty per cent of the Company's capital, mentioned and also the names of the persons lots. — Twenty-second. — No sum necessary and the party Frederick Johnson Gellion, to whom they are to be transferred to res- to maintain the Company's capital entire two hundred thousand dollars, that is to say pectively. — Fourteenth. — The permission; may be withdrawn for the amortisation of twenty per cent of the Company's capital. of the Company for the division of the part-the partners' holdings. — Twenty-third.
– Fifth. — On account of the respective ners' holdings amongst the heirs of the part- This Company shall be represented in court partners' holdings each partner has already ners is dispensed with. Fifteenth. The or otherwise, actively and passively, by a Ge- paid in the sum of fifty per cent of the co-proprietors of an indivisable partners' neral Manager and not less than two nor amount subscribed. The remaining fifty per holding shall exercise the respective rights more than four managers, who may be cent shall be paid in equal instalments, in common. · Sixteenth.· The various ius- chosen from among persons who are not when called for by the management, with at talments of capital shall be proportional to connected with the Company. — Twenty- least fifteen days notice. Sirth. - For the the partners' holding. -Seventeenth.—Part--fourth. — The Macao Electric Lighting development of the exploitation of the ser- ners are not granted any delay in which to Company Limited is now chosen to be the rice of the water supply or of any other make payments. Eighteenth. Any part- General Manager, who shall exercise the branch of activity within the objects of the ner failing to pay calls shall be advised by functions of such, through their manager, Company, the capital of the Company may registered letter stating the period, which legally nominated, or the person legally be increased once or more times; the respec- cannot be less than one month, in which to substituting the same. Note. The General tive subscriptions should be offered in the pay the instalment due. — Ncte_one. Manager, in addition to the rights and obli- first place, however, to the partners and Upon failure to pay, such partner may begations conferred by law, has all the powers only after they have declared that they do excluded, but in this case be shall los innecessary to represent and sign the Deed of not wish to subscribe then offers may be favour of the Company the partners' holding the Concessionary Contract of the service of made to outsiders. Seventh. All the de- and the partial payments already made, all the supply of potable and nonpotable water cisions in respect of alterations of the Com- of which must be communicated to him by to the city of Macao, made between the Lo-
! pany's Articles of Association should be registered letter. Note two.- Notwith-yal Senate and the Sociedade de Abasteci- passed by three-quarters of the votes cor- standing his exclusion, such partner shall mento de Águas de Macau, Limitada; to responding to the capital of the Com- answer for the losses which the Company manage and administrate all and any service pany, and should also satisfy the other may suffer, as regards the payment of the relating to the said concession; to carry out conditions required by the Articles of Asso- instalment not made, and shall have the all the operations constituting the Compa- ciations. - Note one.
-The general meet- rights and obligations which by this law areny's business; to sign the correspondence; to ings convened for the purpose of deliberat- shared by the previous proprietors of the draw, accept, and endorse bills; to deposit ing regarding the increase, restoration or re- partners' holdings with regard to the instal- money and sign cheques; to arrange and li- duction of the capital, should be convened ments not yet called for. Nineteeth.
quidate account with the debtors and the by means of notices published with at least The payment of the instalment relating to creditors, establishing balances; to receive one month's notice, and in accordance with the partners' holding of the partner exclud- all the sums, values and documents belong- the other requirements of the Articles of ed, on the terms of the proceding article, ing to the Company, receive from postal or Association, and the subject matter to be may be claimed from all the previous owners other authorities all letters, registered or dealt with should always be mentioned. of the said partners' holding, who shall be otherwise, goods ordered, merchandise and Note turo. The minutes of the meeting held jointly responsible vis-a-vis the Com- everything else addressed to the Company; containing any of the subjects specified in pany. - Twentieth. — If the entire payment to issue recepts and grant quittances, sign Note One should be made out in legal form cannot be obtained from the predecessors of written documents, admit and dismiss staff not being the Registered Notes of Notary the excluded partner, the Company may and claim from debtors and came to arran- public, and shall be signed by a notary and effect the sale of the partners' holding gements with them and carry to their con- two witnesses, but the partners need not through a broker. - Note one. The sale clusion cases in respect thereof and the res- sign them if they do not wish to do so. need not be effected through a broker if the pective appeals; to give effect to judicial Eighth. -- No increase of the Company's ca- excluded partner and the previous proprie executions; to appeal, aggravate, and stay pital may be made unless all the partners tors of the partners' holding who have execution; to apply for seizure of property, holdings have been fully paid up. - Ninth effected partial payments on account of the signing the respective declarations; to apply The transfer to others of partners' hold- instalment agree to it. - Note two. for judicial sales and auctions; to effect in ings either between the partners or to out- From the proceeds of the sale, after pay-the Land Offices all registrations as well siders may only be effected with the express ment of all the expenses of the sale, the ins- as at the Department of the Treasury consent of the Company and should be pro- ! talment and indemnity due to delay, shall be Services any declarations, aud to with- ved by certified documents. - Tenth. The withdrawn for the repayment of the partial draw either or both, and accept concor- transfer to others of partners' holdings shall payment which have been effected by the datas (arrangements); and in the event only be effective as regards the Company, previous owners of the partner's holding, on of bankruptcy of any debtors, to claim the from the date of the respective notification account of the instalment duc. - Twenty-respective credits, their verification, classifi- which may be made by registared letter.
-first.—The Company may amortise the Eleventh. -The transferor and the trans- partner's holdings of the partners who do feree of partners' holdings shall be jointly not wish to continue to be associated with
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cation and allocation; to oppose and allege in the name of the Company everything in right and justice in general, represent the