The use tokens, chips, oounters and all other objects whatever material, as conventional write my research paper for me signs in place legal money, prohibited, and will punished as herein and in the Penal Code provided, and the voluntary taker can have no action recover them but this does not apply bank notes and other instruments credit issued authority law. , Railroad, mining and public works companies, as well as all other joint stock companies, will allowed issue, subject this law, obligations or bonds with These bonds or obligations will considered for all legal purposes as personal property, even when guaranteed mortgage they will confer equal rights their holders without any preference whatever, and they will simply represent the individual share each bondholder in the debt constituted the contract which gives rise the issue, which will nevertheless preserve the judicial character given the Article. The obligations may issued either in a specific name or bearer, and they will subject all the and in essay writing service usa Articles the Commercial Code the Article.
No agreement will allowed for the obligations redeemed drawings at any price above tbat the issue at par, or with any premium or bonus, unless they comply with the following requisites That the interest payable all the bondholders shall not less than, per annum. That the sum which according the contract from time time devoted the redemption the obligations and payment iuterest, shall the same during the whole period stipulated Any bondholder will have authority demand the cancellation the whole issue that may made contrary the provisions this Ahticlb. The obligations may issued public subscription or in accordance with special contracts, which must always recorded in a public deed escritura publica. When the obligations are issued public sulncription must preceded the publication the best essay writers in the official periodical, and any other in the place residence the company, a The name, object and residence the company, with date the constitution thereof, citing the deed association or the records the general meeting which was organised. The date the general meeting shareholders in which the issue was decided or else a reference the deed association that authorises such issue without the necessity a resolution The amount o£ the obligations previously issued, with an indication their principal conditions respecting guarantees, interest and dates redemption. The conditions the subscription, one which must that the subscribers at once pay into some bank or commercial house at least per cent, the amount under subscription. The number and nominal value the obligations, the interest payable thereon and dates for such payment, as well as the dates, buy essay paper conditions and methods under which the redemption the obligation carried out.
The purpose which the proceeds the issue are devoted whenever intended present as a guarantee or security for the debt.
The special guarantees that are offered the bond A balance-sheet the company specially prepared in view the issue obligations. The amount that will annually placed paper writers online the company at the disposal the representative the bondholders for the payment his own remuneration and the expenses incurred in the This notice will inserted in the subscription lists and in the event any the above requisites being omitted from said notice, the tribunal will have power declare the issue null and void petition academic essay writers any the bondholders. Akticle.
No issue bonds shall made for any sum larger than the assets shown in the last approved balance-sheet but, nevertheless, companies will allowed issue bonds even in excess such assets when they represent the value or price the property or securities whose purchase contracted for and the cause the issue. Ahticle. The debtor company will convene the bondliolders a general meeting within the thirty days following the date which the subscription the bonds The call for such meeting must published in the official periodical and in another one in the residence the company for at least eight days before the day which the meeting held, and will specify the day, hour and The meeting will held as legally opened with an attendance bondholders who represent more than the half the amount subscribed but in the event the non-attendance a sufficient number subscribers obtain this representation, the call will repeated under the same conditions as the first, and the meeting will held, whatever may the number bondholders present or the amount represented.
The president or vice-president the company which makes the issue will preside over the meeting, and, with the apt roval the same, will appoint a secretary and two tellers from among the bondholders present. Each bondholder will have a vote in the meeting for each bond that may have subscribed for and the resolutions will passed a majority the bonds represented.
Article. The objects the meeting referred in the preceding article will as follows To prove that the entire amount the bonds has been subscribed for, and at least, their value has been paid into some bank or To decide a unanimous where can i buy a research paper vote the subscribers, and in the event the whole the bonds not being subscribed for, whether the issue shall reduced the amount already subscribed, always provided that the company making the issue how to find someone to write my paper accepts such resolution. To elect a general representative for the bondhold ers, who may one themselves or an outaide person, or else appoint a committee who shall represent the whole the bondholders. To approve the regulations which the general representative or committee are subject, specifying the time that they are continue case study writers in office, the remuneration, in the case its being allowed, the way in which the temporary absence the general representative or member the committee covered, and the regulations for the calling and opening the buying a term paper online general meeting as well as the functions that are exercised such meetings, and, generally, everything that relates the joint interests The offices general representative or member the committee notwithstanding any stipulation the contrary, Abticle. The general representative or committee the bondholders will have the following powers To execute in the name the bondholders the con tract in which their rights are set forth, always taking care that done public instrument and registered in accordance with law. To execute all other contracts and cancellations that may necessary in accordance with the stipulations and condition the issue, taking care that they are registered whenever required law.