CO129-520-7 Public Utility companies- acquisition by foreign groups 4-12-1929 - 26-1-1930 — Page 72

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Transfer to be left at office and evidence of title given.

Scrip fees.

Transferee

to become member

on registra. tion of transfer,

Certificate of transfer.

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need not be under seal and transferor shall be deemed to remain the holder of such shares until the name of the transferee is entered in the Register of Members in respect thereof. The instrument of transfer of any share shall be in writing in the form contained in Schedule A hereto or as near thereto as circumstances will admit.

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84. Every instrument of transfer shall be left at the Registered Office for registration, accompanied by the certificate of the shares to be transferred, and such other evidence as the Directors may require to prove the title of the transferor, or his right to transfer the shares.

85. A fee not exceeding one dollar, together with the stamp duty if any, shall be payable in respect of every new certificate issued whether consequent on a transfer or on the splitting up of an existing certificate and shall if required by the Directors be paid before the issue of the new certificate.

86. When the instrument of transfer shall have been so registered, the transferee, (subject to the provi- sions of article 118), shall be and be deemed a member and he shall from the date of such registration be entitled to the same privileges and advantages, and be subject. to the same liabilities in respect of his shares as the member from whom he derived his title.

87. Upon every transfer of shares the certificate held by the transferor shall be given up to be cancelled, and shall forthwith be cancelled accordingly, and a new certificate shall be issued to the transferee in respect of the shares transferred to him, and if any of the shares included in the certificate so given up shall be retained by the transferor a new certificate in respect thereof shall be issued to him. The Company shall also retain the transfer.

88. The Directors may, if they think fit, withhold the payment of any dividend, interim dividend or bonus payable in respect of any share to which any person may be entitled by transmission, until such time as such person shall become the registered owner, or shall have

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100. If within half an hour from the time appoint- When if ed for a meeting a quorum is not present, the meeting, quorum not if convened upon such requisition as aforesaid shall be present, dissolved; but in any other case it shall stand adjourn be dissolved

meeting to ed to such day at such time and place, as shall be and when decided by the Chairman and no notice of such adjourn to be ment need be given; and if at such adjourned meeting adjourned. a quorum be not present those members who are present shall be a quorum and may transact the business for which the meeting was called.

101. The chairman of a General Meeting, may with Power to the consent of the meeting, adjourn the same from time adjourn to time and from place to place, but no business shall general be transacted at any adjourned meeting other than the Powers of

meeting. business left unfinished at the meeting from which the adjourned meetings. adjournment took place.

decided at

102. Every question submitted to a Meeting shall How ques. be decided in the first instance by a show of hands and tion to be in the case of an equality of votes, the Chairman shall, meetings. both on a show of hands and at the poll, have a second or casting vote in addition to the vote or votes to which he may be entitled as a member.

of the pass-

ded.

103. At any general meeting, unless a poll is What is to demanded in the case of a Special or Extraordinary be evidence Resolution by at least five members entitled to vote ing at a or in any other case by the Chairman or by at least ten resolution members, or by a member or members, holding or re- where poll presenting by proxy or entitled to vote in respect of at not deman- least one-tenth part of the capital represented at the meeting, a declaration by the Chairman that a re- solution has been carried, or carried by a particular majority, or lost, or not carried by a particular majority, and an entry to that effect in the Minute Book of the Company shall be conclusive evidence of the fact with- out proof of the number or proportion of the votes, recorded in favour of or against such resolution.

104. If a poll is demanded as aforesaid, it shall be Poll. taken in such manner and at such time and place as the Chairman of the meeting directs and either at once, or after an interval or adjournment, or otherwise, and the

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