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The Coal Industry Social Welfare Organisation (Amendment of Memorandum and Articles) Order 1987
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- UK Statutory Instruments
- 1987 No. 1225
- SCHEDULE 2
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Article 3
SCHEDULE 2
PART Ispecial resolution taken to be passed by ciswo re-classifying and consolidating its share capital
That 150 of the unissued Ordinary Shares of £1 each be consolidated into 10 shares of £15 each and those shares be re-classified as to 5 such shares as Union Shares of £15 each and as to the remaining 5 such shares as Corporation Shares of £15 each.
PART IIordinary resolution taken to be passed by ciswo concerning the allotment of shares
That for the purposes of section 80 of the Companies Act 1985(1) the Council be and are hereby unconditionally authorised during the period of five years from the date hereof to allot all or any of the shares in the Organisation unissued at the date hereof pursuant to the obligation contained in Article 6 of the Articles of Association as amended.
(1)
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