Coal and Inter-colonial Steam Navigation Company Act 1853 17 Vic (NSW)

Coan anv INTER-COLONIAL Sream NavicaTIon Company,

Preamble,

An Act to incorporate "' The New South Wales

" Coal and Inter-colonial Steam Navigation "Company." [24th October, 1853. ]

HEREAS a joint stock company called "The New South Wales

Coal and Inter-colonial Steam Navigation Company" has

been lately established under and subject to the rules regulations and provisions contained in a certain deed of scttlement bearing date the twenty-sixth day of April in the year of our Lord one thousand eight hundred and fifty-three purporting to be a deed of settlement of the said company And whereas by the said deed of settlement the several parties thereto have respectively and mutually covenanted and agreed that they and such other persons as should become shareholders in the said company as therein provided should be and continue until such company should he dissolved under the provisions in that behalf therein contained a joint stock company under the name and title of "The New South Wales Coal and Inter-colonial Steam Navigation Company" to purchase and work coal in the Colony of New South Wales or any other Colony or Country near thereto and to sell and resell the same as the case may be and to establish depéts for the sale thereof and for all or any of such operations or objects to purchase or take on lease and hold land mines wharves and premises and to establish a steam coasting trade in and about the said Colony and to carry passengers and merchandise from port to port and it was by the said deed of settlement agreed that the capital of the said company should consist of one hundred and fifty thousand pounds divided into seventy-five thousand shares of two pounds cach or so much thereof as might from time to time be necessary and of such further sum or sums as might thereafter be raised by the ercation allotment and sale of new shares as therein provided And whereas by the said deed of settlement provision has been made for the due management of the affairs of the company by certain directors already appointed and by other directors to be from time to time elected and appointed as their successors hy the