The Pamphlet Collection of Sir Robert Stout: Volume 88

Shares

Shares.

9. If, however, an emergency arise, which in

Calls on emergency.

the opinion of the Directors should make it expedient that a call or calls should be made upon the Shareholders, the Directors may make such call or calls at such time or times and in such manner as they shall think fit, without it being necessary to refer the matter to a general meeting of the Company.
10. If before or on the day appointed for pay-

Calls, interest on overdue.

ment any Shareholder does not pay the amount of any call to which he is liable, then such Shareholder shall pay interest for the same at the rate of fifteen pounds per centum per annum from the day appointed for the payment thereof to the time of the actual payment.
11. The Directors may, if they think fit, re-

Calls paid in advance, and interest thereon.

ceive from any of the Shareholders willing to advance the same, all or any part of the monies due upon the respective shares beyond the sums actually called for; and upon the monies so paid in advance, or so much thereof as from time to time exceeds the amount of the calls then made upon the shares in respect of which such advance has been made, the Directors may pay interest at such rate as the Shareholder paying such sum or sums in advance and the Directors may agree upon.