Page 2 Advertisements Column 4

Timaru Herald, Volume XIIC, Issue 13607, 29 May 1908, Page 2

NOTICES. TIMARU COAL MERCHANTS' ASSOCIAIJ.ON. castle Coals, Iho local Coal Merchants have decided l.> RAISE IHE RETAIL PRICE of Newcastle Coals is. per ton as from Ist June. JNO. TMRIE, Secretary. THE SOUTH CANTERBURY DAIRY COMPANY, LIMITED. NOTICE is hereby given that an . EXTRAORDINARY uENERAL MEETING of the above Company will be held at. SOPHIA KiREET HALL, Timaru, on SATURDAY, the 6th day of June, 1908, at 2 p.m., when the subjoined Resolution will be proposed. Should the Resolution -be passed by the required majority it will be submitted for confirmation as a Special Resolution to a second Extraordinary Meeting, which will be subsequently convened: RESOLUTION. • (1) That iho Articles of Association of the Company be, and the same are hereby altered in manner following : I.—Article 10 is hereby struck out and the following Article substituted: 10. Every member shall be entitled to one "certificate of all his ordinary shares or stock, and. one cerimcate for all his preference shares or stock, or to several certificates each for a part of such shares or stock. Every certificate of share? shall specify the number of the shares in respect of which it is issued, and at the option of the member the amount paid up thereon. , ll.—Article 66 is hereby amended by striking out the words "one-fifth" • and substituting the words " onetenth " therein. 111. —Article 72 is. hereby struck out and the following Article substituted:— 72. Far all purposes the quorum for f a General Meeting shall- be fivemembers personally present hold-. Q ing or representing by proxy not 1 less than one-twentieth part of the issued capital -of the Gom- '' pany. No business shall be transacted at any general meeting unless "the requisite quorum be present at the commencement of the business. IV.—Article 76 is hereby amended by striking out the word "three" where the same occurs therein, and substituting the word "two" therefor. V.—Article 80 is hereby struck out and the folio-wing Article substituted: §O. On a" show of hands every member holding ordinary shares present in person shall have one vote and upon a poll every such member present in person or by proxy shall have one vote for the first 10 shares or any. less number than 10 held by him, and to an additional vote for every 10 shares beyond the first 10: Provided, however, that all preferential shareholders under the issue of 3000 new shares about to be issued by the Company shall have during such preference two votes for every share held by such member, whether represented by proxy or present •in person. Vl. That the Articles 104 and 105 shall be amended by the addition of the following proviso at the end of each of the said article* : "Provided, however, that in the year 1908 all tlie Directors shall retire at the Ordinary General Meeting." Vll.—Article 108 U hereby amended by striking out the words ''Year till Year" and substituting the words "Year to Year" therefor. VIII.—The following new Articles shall be added to the Articles of Association : 129 a. Whilst preference shall exist on the said 3000 shares the Company shall out of the profits of the Company make due provision for depreciation on the Company's assets; secondly, pay a dividend! , at the rate of £lO per centum per annum to all preferential shareholders; and, thirdly, shall place not less than £Boo* to the credit of the Reserve Fund of the Company. No dividend or bonus ( shall be paid under Articles 129 and 137 until this Article is complied with. 129b. When the Reserve Fund of the Company reaches the sum of £SOOO all rights of preference to preferential shareholders '.shall absolutely cease and determine, and thereafter they shall be deemed ordinary shareholders, with ordinary shareholders' rights and privileges. 4a. Upon any offer of shares (pre- • ferential or otherwise) to the public for subscription it shall be lawful for the Directors to pay a commission not exceeding 5 per centum, in pursuance of the'powers conferred by Section 57 of "The Companies Act, .1903," arid such commission may be paid either in cash out of the Company s capital or by the allot- ' ment of shares therein as fully or partly paid-up. 129 c. No dividend shall be paid to shareholders or bonuses to suppliers under Articles 129 and 138 for the financial year of thefaumpany, 1907 to 1908. IX.—Articles 129 and 138 are liereby amended by striking out the words "not exceeding the rate of £8 per centum per annum " and "not exceeding £8 per centum per annum" respectively, and substituting the words " at such rate per centum per i annum as they may think fit" therefor. X.—Articles 87 and 88 are hereby struck out and the following Arti cles substituted therefor: 87. The Instrument apj>ointing a proxy shall be in writing under the hand of the appointor, or if such appointor is a corporation under its common seal and shall be attested by one or jjiore witnesses. No person (other than a person appointed by a powsr of attorney executed by a shareholder- about to" go or -vho is already abroad) shall be appo.nied a proxy who is not a member of Company and qualified to vote. 88. The Instrument other than a Power of Attorney as aforesaid appointing a proxy shall be deposited at the registered, office of the Company not less than twenty-four hours before the time, for holding the meeting at which the persons named in such instrument proposes to vote, but no instrument appointing a proxy (other than a power of attorney executed by a shareholder about lo go or who is already abroad) shall be valid after the expiration of twelve months from the date of its execution. W. G. GRIFFIN. Timaru, 23th May, 1908.