CO129-520-7 Public Utility companies- acquisition by foreign groups 4-12-1929 - 26-1-1930 — Page 95

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(3) In case any of the shares to be divided as aforesaid involve a liability to calls or otherwise, any person enti- tled under such division to any of the said shares inay, within ten days after the passing of the extraordinary resolution, by notice in writing, direct the liquidator to sell his proportion and pay him the net proceeds and the liquidator shall, if practicable, act accordingly.

201. In the event of a winding-up of the Company Service of in Hongkong every member of the Company who is not process. for the time being in Hongkong, shall be bound, within three months after the passing of an effective resolution to wind up the Company voluntarily, or after the making of an order for the winding-up of the Company, to serve notice in writing on the Coinpany, appointing some householder in Hongkong upon whom all summonses, notices, process orders and judgments in relation to or under the winding-up of the Company may be served, and in default of such nomination the liquidator of the Com- pany shall be at liberty on behalf of such member to appoint some such persons, and service upon any such appointee, whether appointed by the member or the liquidator, shall be deemed to be good personal service on such member for all purposes, and, where the liquidator makes any such appointment, he shall with all conveni- ent speed give notice thereof to such member by adver- tisement in a newspaper circulating in the Colony or by a registered letter sent through the post and addressed to such member at his address as mentioned in the register of members of the Company, and such notice shall be deemed to be served on the day following that on which the advertisement appears or the letter is posted.

Indemnity.

202. Every Director, Manager, Secretary, Agent and Indemnity. other officer or servant of the Company shall be indemni- fied by the Company against, and it shall be the duty of the Directors out of the funds of the Company to pay all costs, losses and expenses which any such Director, Manager, Secretary, agent, officer or servant may incur or become liable for by reason of any contract entered into

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