156
Board may
tions as to transfers.
--12--
in him by any such title or shall become a Shareholder of the Company in respect of such Shares or receive any dividend in respect of the same, he shall leave for inspection, at the Office of the Company the Deed or Instrument of Assignment, Probate of the Will, or Letters of Administration, or other instrument of the title under which, or the Certificate of the marriage with the person in whose right he shall claim to be entitled to the same Shares, or shall otherwise prove and establish his title to the satisfaction of the Board.
55-THE BOARD shall have power to make such regulations from time to time as to the instrument of transfer and the evidences of transmission of Shares, and the execution and custody of such instruments and evidence as shall appear to it expedient.
Transfer or transmission fee to be one dollar per share.
First call when payable.
Board to make further calls as they think fit subject to restrictions.
Ten days notice of call to be given.
57-THERE shall be paid in respect of every transfer or transmission of Shares in the Company a fee of One Dollar.
VII-Calls,
58. The first Call on the Shares of the Company of One Thousand Dollars per Share is payable on the Allotment of Shares to Shareholders.
59.--THE BOARD may, from time to time, make such further Calls upon the Shareholders in respect of all monies unpaid on their Shares as they think fit, subject however to the conditions hereinafter mentioned, and every Shareholder shall be liable to pay the amount of every Call to the persons and at the time and place appointed by the Board.
60.-Ten days' notice at the least, shall be given of the time and place appointed by the Board for the payment of every Call.
-13-
61-A CALL shall be deemed to have been made at the time when the Resolution of the Board authorizing such Call was passed.
62. If the Call payable in respect of any Share is not paid before or on the Day appointed for payment thereof, the Holder for the time being of such Share shall be liable to pay interest for the same at the rate of Twelve per cent per annum from the Day appointed for the payment thereof to the time of the actual payment.
63.-No Call shall be made by the Board upon the Shareholders until and after the whole of the premia in hand, the paid up Capital, and the Reserve Fund (hereinafter mentioned) shall have been first paid away or exhausted, but if in the opinion of the Board it would be expedient to make a call on the Shareholders in preference to trenching upon any portion of the Reserve Fund or Paid-up Capital the Board may call an Extraordinary Meeting and submit the propriety of making such Call to such meeting, and such meeting shall determine whether or not such Call shall or shall not be made, and, if made, the meeting may, if it think fit, give directions as to the time, place, and mode of making such Call and failing such directions the said Call may be made as hereinbefore provided for.
VIII.-Forfeiture of Shares.
64-If any Shareholder shall fail to pay any Call due from him on the appointed day, the Board may serve a notice on him requiring him to pay the Call together with any Interest accrued due thereon by reason of non-payment as aforesaid.
Calls deemed made when resolution passed.
Interest to be paid on all calls not paid at due date.
Restriction on making calls.
If Call not paid notice to be given to Shareholder.
65. THE said notice shall name a day (not being less than Fifteen Days from the date of the notice) and a place or places on and at which the Call and Interest are to be paid, and shall also state that in the event of the
156
Board may
tions as to transfers.
--12--
in him by any such title or shall becoine a Shareholder of the Company in respect of such Shares or receive any dividend in respect of the same, he shall leave for in- spection, at the Office of the Company the Deed or In- strument of Assignment, Probate of the Will, or Letters or Administration, or other instrument of the title under which, or the Certificate of the marriage with the person in whose right ho shall claim to be entitled to the same Shares, or shall otherwise prove and establish his title to the satisfaction of the Board.
55-THE BOARD shall have power to make such regu- make modifica lations from time to time as to the instrumcute of transfer and the evidences of transmission of Shares, and the ex- ecution and custody of such instruments and evidence as shall appear to it expedient.
Transfer or transmission fee to be one
dollar per share.
First call when payable.
Board to make further calls as they think Gi subject to restrictions.
Ten days notice of call to be
given.
57-THERE shall be paid in respect of every transfer or transmission of Shares in the Company a fee of One Dollar,
VII-Calls,
58. The first Call on the Shares of the Company of One Thousand Dollars per Share is payable on the Allot- ment of Shares to Shareholders.
59.--THE BOARD may, from time to time, make such further Calls upon the Shareholders in respect of all monies unpaid on their Shares as they think fit, subject however to the conditions hereinafter mentioned, and every Shareholder shall be liable to pay the amount of every Call to the persons and at the time and place appointed by the Board.
60.-Tex days' notice at the least, shall be given of the time and place appointed by the Board for the pay- ment of every Call.
-13-
61-A CALL shall be deemed to have been made at the time when the Resolution of the Board authorizing such Call was passed,
62. Ir the Call payable in respect of any Share is not paid before or on the Day appointed for payment thereof, the Holder for the time being of such Share shall be liable to pay interest for the same at the rate of Twelve Dollars per cent per annum from the Day appointed for the payment thereof to the time of the actual payment.
63.-No Call shall be made by the Board upon the Shareholders until and after the whole of the premia in hand, the paid up Capital, and the Reserve Fund (here- inafter mentioned) shall have been first paid away or exhausted, but if in the opinion of the Board it would be expedient to make a call on the Shareholders in preference to trenching upon any portion of the Reserve Fund or Paid-up Capital the Board may call an Extraordinary Mooting and submit the propriety of making such Call to such meeting, and such meeting shall determine whether or not such Call shall or shall not be ruade, aud, if made, the meeting may, if it think fit, give directions as to the time, place, and mode of making such Call and failing such directions the said Call may be made as hereinbefore provided for.
VIII.-Forfeiture of Shares.
61-I any Shareholder shall fail to pay any Call due from him on the appointed day, the Board may serve a notice on him requiring him to pay the Call together with any Interest accrued due thereon by reason of non- payment as aforesaid.
Calls deemed
made when resolution passei
Interest to be paid on all calls not paid at due
date,
Restriction on making calls.
If Call not paid
notice to be given to Share-
bolder.
65. THE said notice shall name a day (not being Terms of Notice less than Fifteen Days from the date of the notice) and a
place or places on and at which the Call and Interest are to be paid, and shall also state that in the event of the
No comments yet.
Private notes are available after approval.