Newcastle Coal and Copper Company Act 1853 17 Vic (NSW)

NEWCASTLE

An Act to incorporate " The Newcastle Coal and cot Cone Copper Company" and for other purposes ""*" therein mentioned. [24th October, 1853.]

ITEREAS a certain joint stock company called "The Newcastle Preamble.

Coal and Copper Company" has been established in the Colony of New South Wales under and subject to the rules regulations and provisions containcd in a certain deed of settlement bearing date the first day of September one thousand cight hundred and fifty-three and purporting to be a deed of settlement of the said company And whereas by the said decd of settlement the several parties thereto have respectively and mutually covenanted and agreed that they and such other persons as should become proprictors in the said company as therein provided should become a company under the name of " 'The Newcastle Coal and Copper Company" for the purpose of smelting of copper or other metallic ores the manufacture of copper and yellow metal sheathing and bolts the preparation of copper or other metals for sale in any other manner or the purchase and sale of metallic ores without smelting or manufacture if the same shall at any time appear expedient also the working of the present coal mines of the company or any other coal mines which shall be acquired by them hercafter by purchase or lease in manner hereinafter authorized as well for the use of the company as for the purpose of sale and to enter upon and transact all other business incident or conducive to any of the purposes aforesaid and it was by the said deed of settlement agrecd that the capital of the said company should be one hundred thousand pounds

to

Company incorporated.

Deed of scttloment confirmed,

17° VIC. 1853. Newcastle Coal and Copper Company.

to be contributed in four thousand shares of twenty-five pounds cach and of such further sum or sums as should thereafter be raised by the creation and sale of new shares of like amount not execceding the further sum of five hundred thousand pounds and it was farther by the said deed of settlement agreed that after the original capital of one hundred thousand pounds should have been fully paid up but not sooner it should be lawful from time to time for a general mceting specially called for that purpose in manner therein mentioned to create such further and additional shares of twenty-five pounds each as should be deemed advisable but not exceeding five hundred thousand pounds inclusive of the original capital And whereas by the said decd of settlement provision "has been made for the due management of the affairs of the said company by certain directors then already appointed and by other directors to be from time to time elected and appointed as their successors by the shareholders of the said company And whereas the said company is desirous of being incorporated and it is expedient that the said company should be incorporated accordingly subject to the provisions hereinafter contained Be it therefore enacted by His Excellency the Governor of New South Wales with the advice and consent of the Legislative Council thereof as follows—