مراسلات وأوراق مطبوعة وقصاصات صحفية تتعلق بشركة البنك الفارسي لحقوق التعدين المحدودة [و‎‎١‎٩‎٢] (٥٨٦/٤٢٢)

MINING- EIGHTS COEPOEATION, LIMITED.
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fit, but no sale shall be made until such period as aforesaid shall have
arrived, and until notice in writing of the intention to sell shall have
been served on such Member, his executors, or administrators, and
default shall have been made by him or them in the payment,
fulfilment, or discharge of such debts, liabilities or engagements, for
seven days after such notice.
27. The net proceeds of any such sale shall be applied in or
towards satisfaction of the debts, liabilities or engagements, and the
residue (if any) paid to such Member, his executors, administrators,
or assigns.
28. Upon any sale after forfeiture or for enforcing a lien in
purported exercise of the powers hereinbefore given, the Directors
may cause the purchaser’s name to be entered in the Register in
respect of the shares sold, and the purchaser shall not be bound to
see to the regularity of the proceedings or to the application of the
purchase-money, and after his name has been entered in the Register
the validity of the sale shall not be impeached by any person, and the
remedy of any person aggrieved by the sale shall be in damages only
and against the Company exclusively.
CONVERSION OE SHARES INTO STOCK.
29. The Company may, by Special Resolution, convert any paid
up shares into stock. When any shares have been converted into stock
the several holders of such stock may thenceforth transfer their re
spective interests therein, or any part of such interests in the same
manner, and subject to the same regulations and restrictions as and
subject to which shares in the Company’s capital may then be transferred,
or as near thereto as circumstances will admit. But the Directors
may from time to time, if they think fit, fix the minimum amount of
stock transferable, and direct that fractions of a pound shall not be
dealt with, with power, nevertheless, at their discretion, to waive such
rules in any particular case. The ordinary capital shall not be con
verted into stock so long as the distinctive series prove to be the ordi
nary shares, and the preferred shares only continue to exist.
30. The stock shall confer on the holders thereof respectively
the same privileges and advantages as regards participation in profits
and voting at Meetings of the Company, and for other purposes as would
have been conferred by shares of equal amount in the capital of the
Company, but so that none of such privileges or advantages, except
the participation in profits of the Company, shall be conferred by any
such aliquot part of consolidated stock as would not, if existing in
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Application
of proceeds
of sale.
Validity of
sales.
Conversion of
shares into
stock.
Eights of
Stockh dders.