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164
Advertisements
Shareholders
given to pre-vious Share-holder.
148.-ALL Noncas required to be given by Advertisement shall be advertised in at least one daily Newspaper in Hongkong.
144EVERY Person who by operation of law, trans-banud by Notice fer, or other means whatsoever, shall become entitled to any Share, shall be bound by any and every Notice or other Document which, previous to his name and address being entered upon the Register in respect of the Share shall have been given to the person from whom he derives his title.
Notice sent to Registered Ad-dress of dece-ased Shure-holder to be
deemed service of such Notice to his Heirs, &c.
Evidence in ac-tion or suit for Calls.
145.-Wux any Notice or Document is delivered or sent in accordance with these Prosents at or to the Registered place of Address in Hongkong of a Shareholder, then, notwithstanding he be then deceased, and whether or not the Company have notice of his decease, such service of the Notice or other document shall for all purposes of these Presents be deemed service thereof on his Executors, or Administrators, and every of them.
XVIII.-Evidence.
146.--On the trial or hearing of any action or suit to be brought by the Company against any Shareholder, to recover any debt due for or in respect of any Call, it shall be sufficient to prove that the name of the Defendant is on the Register of Shareholders of the Company as a holder of the number of Shares in respect of which such debt accrued, and that notice of such Call was duly given to the Defendant in pursuance of these Presents; and it shall not be necessary to prove that the Meeting at which such Call was made was duly convened or constituted, nor any other matter whatsoever; but proof of the matters aforesaid shall be conclusive evidence of the debt.
XIX-Indemnity to Officers.
147-THE Directors, Secretary, Local Agents and Indemnity to
Directors, Officers for the time being of the Company shall be indemnified out of the funds of the Company against all costs, charges, losses, damages, and expenses which they shall respectively incur, or be put to on account of any contract, act, deed, matter, or thing which shall be made, done, entered into or executed by them respectively on behalf of the Company and shall be reimbursed by the Company all reasonable expenses incurred by them in or about any legal proceedings or arbitrations on account of the Company or otherwise in the execution of their respective offices, except as herein otherwise provided, and except such costs, losses, and expenses as shall happen through their respective wilful neglect or default. And no such persona nor any of them shall be chargeable for any money which they or he shall not actually receive: nor be answerable for the act, receipt, neglect, or default of any other officer; nor for any Banker, Broker, Collector, Agent or other person appointed by the Board with whom or into whose hands any property or moneys of the Company shall be deposited or come: nor for the insufficiency of any security upon which any of the moneys of the Company shall be invested with the approval or by order of the Board: nor for any loss or damage which may happen in the execution of their or his office, unless the same shall happen through their or his own wilful neglect or default. Every Arbitration question or difference that may arise between the Company and the Directors or any other Officers of the Company or the heirs, executors, administrators, or assigns of any Officer of the Company or any persons having or claiming any estate, right or interest under or by virtue of these Presents or anything to be done in pursuance thereof as to the construction, operation, application or effect of these Presents or of any part thereof, or as to any matter of fact or right, duty, obligation, or liability in any way arising out of or relating to any of the premises, shall be referred to the Arbitration of two Referees, one of whom shall be appointed by Resolution of a Meeting, and the other by the party in difference; sick Referees
....28...
-29-
164
Advertisements
Shareholders
given to pre-
vious Share-
holder.
148.-ALL Noncas required to be given by Adver- tisement shall be advertised in at least one daily News- paper in Hongkong.
144EVERY Person who by operation of law, trans- banud by Notice fer, or other means whatsoever, shall become entitled to any Share, shall be bound by any and every Notice or other Document which, previous to his name and address being entered upon the Register in respect of the Share shall have been given to the person from whom he derives his title.
Notice sent to Registered Ad- dress of dece- ased Shure- holder to be
deemed service
of such Notice to his Heirs, &c.
Evidence in ac- tion or suit for Calls.
145.-Wux any Notice or Document is delivered or sent in accordance with these Prosents at or to the Re- gistered place of Address in Hongkong of a Shareholder, then, notwithstanding he be then deceased, and whether or not the Company have notice of his decease, such ser- vice of the Notice or other document shall for all purposes of these Presents be deemed service thereof on his Execu tors, or Administrators, and every of them.
XVIII.-Evidence.
146.--On the trial or hoaring of any action or suit to be brought by the Company against any Shareholder, to recover any debt due for or in respect of any Call, it shall be sufficient to prove that the name of the Defendant is on the Register of Shareholders of the Company as a holder of the number of Shares in respect of which such debt accrued, and that notice of such Call was duly given to the Defendant in pursuance of these Presents; and it shall not be necessary to prove that the Meeting at which such Call was made was duly convened or constituted, nor any other matter whatsoever; but proof of the mat- ters aforesaid shall be conclusive evidence of the debt.
XIX-Indemnity to Officers.
147-THE Directors, Secretary, Local Agents and Indemnity to
Directors, Officers for the time being of the Company shall be in-
Secretary, &c. demnified out of the funds of the Company against all costs, charges, losses, damages, and expenses which they shall respectively incur, or be put to on account of any contract, act, deed, matter, or thing which shall be made, doue, entered into or executed by them respectively on be- half of the Company and shall be reimbursed by the Compa- ny all reasonable expenses incurred by them in or about any legal proceedings or arbitrations on account of the Company or otherwise in the execution of their respective offices, ex- cept as herein otherwise provided, and except such costs, losses, and expenses as shall happen through their respec- tive wilful neglect or default. And no such persona nor any of them shall be chargeable for any money which they or he shall not actually receive: nor be answerable for the act, receipt, neglect, or default of any other officer; nor for any Banker, Broker, Collector, Agent or other person appointed by the Board with whom or into whose hands any property or moneys of the Company shall be deposited or come: nor for the insufficiency of any secu- rity upon which any of the moneys of the Company shall be invested with the approval or by order of the Board: nor for any loss or damage which may happen in the exe- ention of their or his office, unless the same shall happen through their or his own wilful neglect or default. Every Arbitration question or difference that may arise between the Company and the Directors or any other Officers of the Company or the heirs, executors, administrators, or assigns of any Officer of the Company or any persons having or claiming any estate, right or interest under or by virtue of these Presents or anything to be done in pursuance thereof as to the construction, operation, application or effect of these Presents or of any part thereof, or as to any matter of fact or right, duty, obligation, or liability in any way arising out of or relating to any of the premises, shall be referred to the Arbitration of two Referees, one of whom shall be appointed by Resolution of a Meeting, and the other by the party in difference; sick Referees
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