North Shore Steam Company Act 1854 18 Vic (NSW)

An Act to incorporate " The North Shore Steam som suo sen Company." [80% November, 1854. ]

Wes a joint stock company called "The North Shore Preamblo.

Steam Company" has been lately established at Sydney in the Colony of New South Wales under and subject to the rules regu- lations and provisions contained in a certain decd of settlement bearing date the second day of October in the year of our Lord one thousand eight hundred and fifty-four purporting to be a decd 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 proprictors of shares in the said company as therein provided should become a company under the name of "The North Shore Steam Company" for the purchase building and employment of steam-boats for the convey- ance of goods produce merchandise passengers live stock vehicles and all articles of transit across the waters of Port Jackson between the city of Sydney and that portion of the parish of Willoughby separated from the said city by Port Jackson aforesaid which is known as the North Shore and also of steam-tug boats for towing vessels into out of and within the Harbour of Port Jackson and also of steam- boats for excursions and business purposes within the said harbour and for making and providing wharves yards picrs ard landing-places for the reception of such stcam-boats and the loading or unloading thereof and the supplying the same or any other vesscls or persons with coals and for the erection of warchouses storchouses sheds and other buildings for receiving and depositing goods and of offices workshops cranes weighing and other machines And it was by the said deed of settlement agreed that the capital of the said company should consist of ten thousand pounds divided into two thousand shares of five pounds cach or so much thereof as might from time to time be necessary and of such further sum or sums not excceding the sum of forty thousand pounds as might thereafter be raised by the creation allotment and sale of new shares as thercin provided And whereas by the said deed of settlement provision has been made for the due management of the affairs of the company by directors to be from time to time clected and appointed 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 thercfore enacted by His Excellency the Governor of New South Wales with the advicc and consent of the Legislative Council thereof as follows—