Specifications And Contracts a Series of Lectures Delivered By Jal Waddell

Cover Specifications And Contracts a Series of Lectures Delivered By Jal Waddell
Specifications And Contracts a Series of Lectures Delivered By Jal Waddell
Waddell, J. A. L. (John Alexander Low), 1854-1938
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96 SPECIFICATIONS AND CONTRACTS.
dam, irrigation system, and power plant. Should, however, as hereinafter provided for, any member of the Syndicate be expelled by a majority vote of that body, the Trustee shall transfer on his books, as directed by the Syndicate, the stock of the said expelled member. As soon as the said construction has been completed and the accounts of the Syndicate have been finally settled, but not before, the Trustee shall deliver to the owners thereof the stock standing
...in their names on the books.
In case of any disagreement between the members of the Syndicate concerning the proportion of the total stock to be relinquished to the Bankers or concerning any other matter not specially covered herein, a majority vote of the said members of the Syndicate shall rule, and there shall be no appeal from any formal decision of the majority of the said Syndicate.
Promoters to Staud Ninth. When the Syndicate makes its bargain with the Bankers, its members shall stand firm for the following basis of agreement, and no modification whatsoever shall be made in the terms thereof without the unanimous consent in writing of all five members of the said Syndicate.


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