62(1)The directors may, at any time, when the par value of the existing shares of the company is less than one hundred dollars each, make a by-law consolidating them into shares of a larger par value; but no such consolidated share shall exceed the par value of one hundred dollars.

62(2)For the purpose of such consolidation, the company has the power to purchase fractions of shares, and is bound to sell any shares held from such purchases within two years after the purchase.

62(3)The directors may, at any time, make a by-law sub-dividing the existing shares into shares of a smaller amount or converting any class of shares into any other class or classes of shares.

62(1)The directors may, at any time, when the par value of the existing shares of the company is less than one hundred dollars each, make a by-law consolidating them into shares of a larger par value; but no such consolidated share shall exceed the par value of one hundred dollars.

62(2)For the purpose of such consolidation, the company has the power to purchase fractions of shares, and is bound to sell any shares held from such purchases within two years after the purchase.

62(3)The directors may, at any time, make a by-law sub-dividing the existing shares into shares of a smaller amount or converting any class of shares into any other class or classes of shares.