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The Pamphlet Collection of Sir Robert Stout: Volume 68



9. The certificate of title to shares shall be issued under the seal of the Company and signed in such manner as the Directors shall prescribe.

10. Every member shall be entitled to one certificate for all the shares registered in his name, or to several certificates, each for a part of such shares. Every certificate of shares shall specify the number of the share in respect of which it is issued and at the option of the member the amount paid up thereon.

11. If any certificate be worn out or defaced, then, upon production thereof to the Directors, they may order the same to be cancelled, and may issue a new certificate in lieu thereof, and if any certificate be lost or destroyed, then, upon proof thereof to the satisfaction of the Directors, or in default of proof, on such indemnity as the Directors deem adequate being given, a new certificate in lieu thereof shall be given to the party entitled to such lost or destroyed certificate.

12. The sum of one shilling shall be paid to the Company for every certificate issued.

13. The certificates of shares registered in the names of two or more persons shall be delivered to the person first named on the register.