Wood, for the same term, and a Secretary and Treasurer who will Mr.
James Penman for an equal TWELFTH The Board Administration will nominated December each year, at the general meeting, and the persons who may nominated, can reelected indefinitely, and will begin exercise their duties the first the following January If for any circumstance the general meeting not held, the officers then holding their positions will continue until such election held.
THIRTEENTH The Board DirecUon will meet whenever the business the CorapaDj requires and will called the President in order give information as the progress the business, and adopt all proper resoluWons. FOURTEENTH The decisiona the Board Administration will adopted an absolute majority votes the members present and in case tie the President will FIFTEENTH The general meetings will formed all the shareholders who attend in person or means their representatives, who may accredited authorized a legal power Attorney or letter proxy. SIXTEENTH Only those persons will considered shareholders, whose names appear the share Register the Company as the owners one or more shares. SEVENTEENTH The general meetings will Ordinary or Extraordinary and the first must held December each year, and the second when called the Board Administration or when requested in seo content writing services writing not less than three shareholders who jointly represent the third part or more the shares issued, stating the object their call.
The votes will computed the number shares and not persons shareholders. EIGHTEENTH The Board Administration and its members will have the faculties and exercise the following I.
The Board will direct the general works carried in the mine and decide upon the purchase, mortgaging, sale or any other contract for carrying out the objects the II. The President will preside over the Board Meetings, will term papers custom summon meetings and consultations, will use the signature the Company all the documents and deeds executed, orders issiied, and in such acts as may necessary for the admini !tratiou the business, and will take care that the conditions this deed are complied with. III.
The said President will have the faculties contract for all ciasB work decided upon the Board, engage employee and workmen whatever nature and determine their salaries Purchase machinery, tools, the necessary ma-, teriaU and effects all classes necessary for the working and development the mines and carry out the rest the administrative acts required the objects the Company.
IV. He will also have the faculties appear before the Federal, State and Municipal Authorities, with the object exercising all the rights, and complying with the obligations the Company, promoting all the proceedings, civil, criminal and voluntary jurisdiction, administrative proceedings and all the rest that the Company has interest in, as plaintiff, also as defendant To present claims, pleas, deeds, injunctions, sequestrations, attachments, sales goods, auctions and adjudications To interrogate witnesses and answer interrogatories, and generally prosecute all such proceedings until their completion He can nominate Attorneys in fact and delegate them such powers as may necessary revoke such powers and confer upon said Attorneys authority revocation and substitution.
The said President will order the expenses that may necessary in the working and development the mines and in the rest the business the Company and issue the corresponding orders for payment against the Treasurer He must present a general statement accounts duly audited, rendering at the same time a report upon all the workings the mines, and the rest the business the Company. VI. The Secretary will keep the Share Register and the Minute book the meetings and assemblies and the rest the books which may necessary and will take care the correspondence and other documents the Company. The Treasurer will receive and take care the funds the Company, executing the corresponding re ceipts, pacing the orders issued the President and keep in due form the books accounts the Company. NINETEENTH In the absence the Director or President from any cause whatever his duties will fulfilled the Vice-President, who will have the same powers those conceded help with writing research papers in this clause. TWENTIETH The supervision the Company will exercised Comisario, nominated annually at the General Meeting, until this takes place this essay writers nomination will conferred help with writing college essays upon Mr. Jamea Fresh with all the faculties conceded the law, and in order commence his duties, in common with the rest the Board Direction will deposit at least one share in the Treasury the Company. TWENTY-FIRST When the business the Company produces profits five per cent, their import will set aside annually as a reserve fund until this amounts a sum equal twenty per cent, the share capital. TWENTY-SECOND When the reserve fund set aside, the rest the profits made in the year will distributed among the shareholders in proportioa the number shares i need help writing my thesis statement held each In order make this distribution the Board Direction will cite the shareholders, in order present their shares, that they may paid the dividends TWENTY-THIKD custom essay service When necessary dissolve the Company the General Meeting will appoint the liquidators who will make the general liquidation the business, which they will render an account a fresh general meeting for approbation or that they may make such observations as TWENTY-FOURTH The Board Direction will take care that the liquidators duly comply with their duties until the liquidation approved the general meeting.