Balmain Steam Ferry Act 1853 17 Vic (NSW)

Baumatn Sream Ferry.

Preamble.

An Act to incorporate the Proprietors of a certain Company called "The Balmain Steam Ferry

Company" and for other purposes therein mentioned. [19th September, 1853.]

Witowe a joint stock company called "The Balmain Steam

Ferry Company" has been lately established in Sydney 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 twenty-sixth day of April one thousand eight hundred and fifty- -three purporting to be a deed of. settlement 'of the said company And whereas by the said indenture or decd of settlement the several parties thereto 'have respectively and mutually covenanted and agreed to be and continue (until dissolved under the 'provisions in that behalf therein contained) a joint stock company or partnership under the name style and title of "The Balmain Steam Ferry Company" for the purpose of carrying on the business of trading with steam vessels between Balmain and Sydney in the said Colony and in other parts of the Harbour of Port Jackson and Darling Harbour in the said Colony and to such distance outside the Heads of Port Jackson as may be necessary for the purpose of towing vessels to and from the sea 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 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 five thousand pounds to be contributed in two thousand five hundred shares of two pounds each and of such further sum not exceeding twenty thousand pounds as a majority in number and valuc of the proprietors for the time being might determine to be raised by the creation and allotment or sale of new shares of the like amount as therein provided And whereas by the said indenture or deed of settlement 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 of the said company And whereas the said company is desirous of being incorporated accordingly subject to the provisions