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CONVERSION OF SHARES INTO STOCK
The Company may by ordinary Resolution convert any paid-up shares into stock, and reconvert any stock into paid-up shares of any denomination.
The holders of stock may transfer the same, or any part thereof, in the same manner, and subject to die same Regulations, as and subject to which the shares from which die stock arose might previously to conversion have been transferred, or as near thereto as circumstance admit; and the Directors may from time to time fix the minimum amount of stock transferable but so that such minimum shall not exceed the nominal amount of the shares from which the stock arose.