CO129-520-7 Public Utility companies- acquisition by foreign groups 4-12-1929 - 26-1-1930 — Page 107

xiii

And it is hereby declared that the word "Company" in this Clause shall be deemed to include any partnership or other body of persons whether incorporated or unincorporated and whether domiciled in Hongkong or elsewhere; and the intention is that the objects specified in each paragraph of this Clause shall, except where otherwise ex- pressed in such paragraph, be in no wise limited or restricted by reference to or inference from the terms of any other paragraph or the name of the Company.

Fourth. The liability of the members of the Company is limited.

Fifth.- § The capital of the Company is $1,000,000 divided into 200,000 Shares of $5 each, with power to divide shares in the capital for the time being into several classes and to attach thereto respectively any preferential, deferred, qualified or special rights, privileges or conditions, but so that where shares are issued with any preferential or special rights attached thereto such rights shall not (except where the terms of issue otherwise provide) be alterable otherwise than pursuant to the provisions contained in Article 53 or 151 of the accompanying Articles of Association.

*

N.B.-The capital has been increased and dealt with as follows:-

By Resolutions passed at an Extraordinary General Meeting held on the 14th day of December, 1922, the capital was increased from $1,000,000 to $2,000,000 by the creation of 200,000 new shares of $5 each.

By Resolutions passed at an Extraordinary General Meeting held on the 21st day of January, 1924, the capital was further increased from $2,000,000 to $3,000,000 by the creation of 200,000 new shares of $5 each.

* N.B.-These numbers refer to the original Articles of Association; the corresponding numbers in the present Articles are 50 and 160.

122