--14--
--15--
In default of non-payment of such Call and Interest at the time and place appointed, the Share in respect of which the Call was made, will be liable to be forfeited.
66.-Ir the requisitions of any such notice shall not be complied with, every or any Share in respect of which the notice is given may be forfeited by a Resolution of the Board to that effect.
Notice of forfeiture to Share-holder.
Forfeited shares to be property of Company & may be sold.
Shareholder still able to pay Calls.
Forfeiture of Shares to extinguish claims on the Company.
Forfeiture not to prejudice Call.
Evidence of forfeiture.
67. WHEN any Share is so declared to be forfeited, notice of the forfeiture shall be given to the holder of the Share and an entry of the forfeiture with the date thereof shall forthwith be made in the Register.
68. EVERY Share which shall be forfeited shall thereupon become the property of the Company, and may be sold, re-allotted, or otherwise disposed of, upon such terms, and in such manner as the Board shall think fit.
69.-ANY Shareholder whose Shares shall be forfeited shall, notwithstanding the forfeiture, be liable to pay to the Company all Calls owing upon the Shares at the time of forfeiture, and the Interest (if any) due thereon.
70.-THE forfeiture of a Share shall involve the extinction at the time of the forfeiture, of all interest in, and all claims and demands against the Company in respect of the said Share, and all other rights which by these Presents are expressly saved.
71.--THE forfeiture of a Share shall not prejudice the right of the Company to any Call already made thereon.
72.--A CERTIFICATE in writing under the hands and seals of Two Directors and countersigned by the Secretary that a Share has been duly forfeited in pursuance of these Presents, and stating the time when it was forfeited, shall be conclusive evidence of such forfeiture, and an entry of every such Certificate shall be made in the Minutes of the Proceedings of the Board.
IX.-Meetings of Shareholders.
73.-ORDINARY Meetings shall be held once in every Year at such times and places as the Board may from time to time determine.
74.-THE BOARD may at any time it thinks proper call an Extraordinary Meeting for the purpose of considering, and determining upon any matters it may consider necessary.
75.-THE BOARD shall also at any time call an Extraordinary Meeting upon the requisition in writing of Five or more Shareholders holding in the aggregate not less than Twenty Shares.
76.--ANY requisition so made by Shareholders shall express specifically the object for which the Meeting is proposed to be called, and shall be left at the Office of the Company.
77.-UPON the receipt of any such requisition, the Board shall forthwith convene an Extraordinary Meeting, and if it neglect to do so for fourteen days from the leaving of such requisition at the Office of the Company, the Requisitionists may themselves convene the Meeting: Provided always that no Resolution passed thereat shall be binding on the Company, unless and until the same shall have been confirmed by a second Extraordinary Meeting, convened for the purpose by the chairman of such Extraordinary Meeting upon Ten Days' notice at the least.
78.-TWENTY ONE DAYS' notice at least of every Meeting (except as provided for in article 2) specifying the place, time, and hour of Meeting and the objects and business of the Meeting, shall be given by the Board, either by advertisement, or by notice sent by Post, or otherwise, to the registered address of every Shareholder, or, if the Board thinks fit, both by advertisement and by notice as aforesaid, and no business other than such as is specified in such notice shall be transacted thereat.
50,
Twenty one days notice of Meeting to be given.
157
-14-
--15--
In default of
to be forfeited.
non-payment of such Call and Interest at the time and place appointed, the Share in respect of which the Call was made, will be liable to be forfeited.
66.-Ir the requisitions of any such notice shall not payment Shares be complied with, every or any Share in respect of which the notice is given may be forfeited by a Resolution of the Board to that effect.
Notice of forfei ture to Share- hvider.
Forfeited shares to be property
of Company & may be sold.
Shareholder still able to pay Calls.
Forfeiture of Shares toestin- zoish claims on the Company.
Forfeiture not to prejudice Call.
Evidence of forfeiture.
67. WHEN any Share is so declared to be forfeited, notice of the forfeiture shall be given to the holder of the Share and an entry of the forfeiture with the date thereof shall forthwith be made in the Register.
63.EVERY Share which shall be forfeited shall thereupon become the property of the Company, and may be sold, re-allotted, or otherwise disposed of, upon such terms, and in such manner as the Board shall think fit.
69.-ANY Shareholder whose Shares shall be for- feited shall, notwithstanding the forfeiture, be liable to pay to the Company all Calls owing upon the Shares at the time of forfeiture, and the Interest (if any) due
thereon.
70-TE forfeiture of a Share shall involve the extinction at the time of the forfeiture, of all interest in, and all claims and demands against the Company in respect of the said Share, and all other rights which by these Presents are expressly saved.
71.--THE forfeiture of a Share shall not prejudice the right of the Company to any Call already made thereon.
72.--A CERTIFICATE in writing under the hands and soals of Two Directors and countersigned by the Secre- tary that a Share has been duly forfeited in pursuance of these Presents, and stating the time when it was forfeited, shall be conclusive evidence of such forfeiture, and an entry of every such Certificate shall be made in the Minutes of the Proceedings of the Board.
IX.-Meetings of Shareholders. 73.-ORDINARY Meetings shall be held ouve in every Ordinary Meet- Year at such times and places as the Board may from ings. time to time determine.
74.-THE BOARD may at any time it thinks proper Extraordinary call an Extraordinary Meeting for the purpose of consi- Meeting. dering, and determining upon any matters it may consi der necessary.
qusition of
75.- THE BOARD shall also at any time call an Ex- Extraordinary traordinary Meeting upon the requisition in writing of Meeting on Ke- Five or more Shareholders holding in the aggregate not Shareholders. less than Twenty Shares.
76,--Asy requisition so made by Shareholders shall express specifically the object for which the Mecting is proposed to be called, and shall be left at the Office of the Company.
Requisition of Shareholders to Aeting. state object of
77.-UPON the receipt of any such requisition, the On receipt of Board shall forth with convene an Extraordinary Meeting, Beard in epil the requisition and if it neglect to do so for fourteen days from the leaving Meeting and in such requisition at the Office of the Company, the Requi- default Share- sitionists may themselves convene the Meeting: Provided holders may de always that no Resolution passed thereat shall be binding
on the Company, unless and until the same shall have been confirmed by a second Extraordinary Meeting, convened for the purpose by the chairman of such Extra- ordinary Meeting upon Ten Days' notice at the least.
78.-TWENTY ONE DAYS' notice at least of every Meet. ing (except as provided for in article 2) specifying the place, time, and hour of Meeting and the objects and business of the Meeting, shall be given by the Board, either by advertisement, or by notice sent by Post, or otherwise, to the registered address of every Shareholder, or, if the Board thinks tit, both by advertisement and by notice as aforesaid, and no business other than such as is specified in such notice shall be transacted therent.
50,
Twenty one Mecting to be
days notice of
given.
157
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