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The Pamphlet Collection of Sir Robert Stout: Volume 68
Preliminary
Preliminary.
1. The regulations contained in the Table marked A in the first Schedule to "The Companies Act, 1882," shall not apply to the Company.
- "The Office" means the registered office for the time being of the Company.
- "The Register" means the register of members to be kept pursuant to Section 35 of "The Companies Act. 1882."
- "Month" means calendar month.
- "In Writing" means written or printed, or partly written and partly printed.
- Words importing the singular number only, include the plural number and vice versa.
- Words importing the masculine gender include the feminine gender.
- Words importing persons include Corporations.
3. The business of the Company may be commenced as soon as 5000 shares have been applied for.
4. The shares shall be under the control of the Directors who may allot or otherwise dispose of the same to such persons and on such terms and conditions and at such times as the Directors shall think fit; but they shall not be entitled to allot less than 50 nor more than 500 shares to any one person, and no person shall be entitled to hold less than 50 shares nor more than 500 shares in the Company.
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5. The Directors may make arrangements upon the issue of shares for difference between the holders of such shares in the amount of calls to be paid and the time of payment of such calls.
6. If by the conditions of allotment of any shares the whole or part of the amount thereof shall be payable by instalments, every such instalment shall, when due, be paid to the Company by the holder of the share.
7. The joint holders of a share shall be severally, as well as jointly, liable for the payment of all instalments and calls due in respect of such shares.
8. In case of the death of any one or more of the joint holders of any share, the survivors shall be the only persons recognised by the Company as having any title to or interest in such shares.