58(2)Such by-laws may provide that the holders of shares of such preferred or deferred stock have the right to select a certain stated proportion of the Board of Directors or may give them such other control or may so limit their control over the affairs of the company as is considered expedient or may provide for the purchase or redemption of such shares by the company as therein set out; but any term or provision of such by-laws; whereby the rights of holders of such shares are limited or restricted, shall be fully set out in the certificate of such shares, and in the event of any such limitations and restrictions not being so set out they shall not be deemed to qualify the rights of the holders thereof.