Hunter River New Steam Navigation Company Act 1852 16 Vic (NSW)

An Act to incorporate the Proprietors of a certain | tesren Rive

New Stream Navica-

Company called 'The Hunter River New | 2x convavy. Steam Navigation Company" and for other purposes therein mentioned. [21st December,

1852. |

HEREAS a joint stock company called "The Hunter River Preamble.

New Steam Navigation Company" has been lately established at Maitland in the Colony of New South Wales under and subject. to the rules regulations and provisions contained in a certain indenture or deed of settlement hearing date the eighth day of September one thousand cight hundred and fifty-two purporting to be a deed of settle- ment. of the said company And whereas by the said indenture or deed of settlement the several parties thereto have respectively and mutually covenanted and agreed to be and continue (until dissolved under the

provisions

Company incorpo- rated.

Confirmation of pro-

visions of deed of settlement as by-laws of the com- pany subject to this Act and the general laws.

16° VIC. 1852. Hunter River New Steam Navigation Company.

provisions in that behalf therein contained) a joint stock company or partnership under the name style and title of "The ILunter River New Steam Navigation Company" for the purpose of carrying on the business of trading with steam and other vessels to and from Morpeth and Sydney in the said Colony and to and from other ports and places with full power to the directors for the time being of the company to engage hire build or purchase suitable premises for the carrying on of all such operations and works and from time to time to hire and employ all necessary agents clerks officers apprentices and servants and to pay salaries and wages to the same And whereas it was by the said indenture or deed of settlement further agreed that the capital of the company should consist of forty thousand pounds to be contributed in four thousand shares of ten pounds each and of such further sum not exceeding the sum of one hundred thousand pounds as a majority in number and value of the shareholders for the time being might determine to be raised by the creation and allotment or sale of new shares of the like amount as thercin provided And whereas by the said indenture or deed of scttlement provision has been made for the payment of dividends and bonuses and for the disposal and application of the profits and also for the due management of the affairs ofthe said Company And whereas the said company is desirous of being incorporated accordingly but subject to the provisions here- inafter contained Be it therefore enacted by Tis Excellency the Governor of New South Wales with the advice and consent of the Legislative Council thereof as follows—