ELTHAM CO-OPERATIVE DAIRY COMPANY.

Hawera & Normanby Star, Volume LXXI, Issue LXII, 13 May 1912, Page 8

ELTHAM CO-OPERATIVE DAIRY COMPANY.

An extraordinary general meeting of shareholders of the Eltham Co-operative Dairy Company was held on Saturday afternoon for the purpose of confirming, or otherwise, the special resolutions passed at ■an extraordinary general meeting on April 20 last. There was •a moderate attendance, and Mr H. D. Forsyth, chairman of directors, occupied the chair. On the motion of the chairman, seconded by Mr W. Pennington, the resolutions were confirmed, nem. con. ~

The first resolution reads: That the existing Articles of Association of the company be altered by cancelling and -striking^ out of the amended articles the clauses numbered respectively 1, 2, 3, and 4 of the special resolution, adding to and amending the said articles passed and confirmed at the meetings' of shareholders of the company held on August 18, 1910, and September 10, 1910, respectively, and of substituting therefor the folloAA'itig clauses:— (1) That Article 8a of the company's articles of association be amended by «triking out the words "300 gallons of milk or 1081b. of butter-fat supplied by lum during the year," and substituting "therefor the following words: "150 gallons of milk or 561b of butter-fat supplied by him during the previous financialyear of the company ending June o(3.

<2; That the directors may from time "to time, if in their absolute discretion they shall think fit, in "order that the shares in the company held by shareholders may as far as possible be held fcysuch shareholders for the time being■ proportioned to the suply of milk cr butter-fat during the previous financial year, m accordance Avith the provisions of Artie!? Ba, allot additional chares m the company to any such shareholder, and alter the register so that such shareholder may appear therein as the holder of such additional

(J'" 1^ should any shareholder cease or tail to supply milk in accordance with •any contract made between him and the company, or m accordance with the by: iaws.and regulations of the company made and for the time being in forcV an respect of the supply of hiilk, then the directors may call on him, and he sball be bound to pay to the company the amount due by him on every share «"*» by «"« Avithin three oalenrl ar months of tne service upon him of a notice m writing requiring him to pay sucb amount. Such notice may be se>-v----ert by the company on tbe shareholder either personally or by sending it through the post in a prepaid envelor-e or wrapper addressed to such sharehold*r^ ™ last-knmvn Pl«ce of residence <4) That article No. 2 of the articles of association be amended by deleting ■tbe words "second Saturday ift Au<mst " and substituting in' their place& the "third Saturday in Aun^st " The second resolution reads: That the «jr? 5l. 0i x? com PaT»y be increased +o *.4U,WO by the creation of 20.000 additional ordinary shares of £] each ranking For dividend, and in all other respects Dan pasiu with the existing ordinary shares of the company, and that sn connection Avith snch. new shares the directors be given full poAver to issup such number of the new shaves at such time or times and call up so much thereon and make such arrangements between the holders of such shares in re*^ect of calls to be paid thereon and the time of payment, thereon, as they may consider desirable.