Sydney and Melbourne Steam Packet Company Act 1854 18 Vic (NSW)

1854. 18° VIC. Sydney and Melbourne Steam Packet Company.

ANNO DECIMO OCTAVO

VICTORIA REGINA.

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An Act to incorporate the Proprictors of a certain Company called '* The Sydney and Melbourne Steam Packet Company" and for other pur- poses therein mentioned. [20th September, 1854.]

AY DEREAS a joint stock company called "The Sydney and Mel- / bourne Steam Packet Company " has been lately established at Sydney in the Colony of New South Wales under and subject to the rules regwations and provisions contained in a certain indenture or deed of settlement bearing date the tenth day of June 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 deed of settlement the several parties thereto have respectively and mutually convenanted 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 Sydney and Melbourne Steam Packet Company" for the purpose of carrying on the business of trading with steam and other vessels in conveying

Sypvey anp Men- BOURNE Stes! PAckeT ComPanY.

Preamble.

assengers and cargo between the Australian Colonies or between 5 5 ;

them and the Colony of New Zealand or between all or any of the said Colonies and the harbours and coasts thereof respectively with full power to the directors for the time being of the company to purchase and build steam ships or vessels and to perform any other matter or thing whatsoever for the management conducting and carrying on thebusiness of the company And whereas it was by the said indenture or decd of settlement further agreed that the capital of the company should con- sist of one hundred thousand pounds to be contributed in five thousand shares of twenty pounds cach and of such further sum as a majority in number of the propr ictors present at a meeting to be called for the purpose might determine to be raised by the creation and allotment or salo of new shares of the like amount or any other amount as therein 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 of the said company And whereas the said company is desirous of being incorporated accordingly but 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—