dorm Tar An Act to establish and incorporate a Company Bann Conant. to be called 'The Moreton Bay Immigration and Land Company." [Lath December, 1855.] Preamble. HEREAS it is expedient to afford additional facilitics for the immigration of suitable families and individuals of the working classes into the Moreton Bay District of New South Wales for the supply of the urgent demand "for labor in all branches of industry in that district and also for the formation of an agricultural population for the growth of cotton and other articles of agricultural produce suited to the soil and climate And whercas the progressive purchase of suitable tracts of waste land for the purpose of promoting immi- gration into that district would afford the means of accomplishing this object: provided that a company were formed for the purpose And whereas the several persons hereinafter named have associated for the accomplishment of this object and it is deemed advisable to give encouragement to them by eranting to them an Act of Incor- poration Be it therefore enacted by Ilis Excellency the Governor of New South Wales by and with the consent of the Legislative Council thereof as follows— 1. 1855. 19° VIC. ATT Moreton Ba y Immigration and Lund Compan i 1. The following persons that is to say Robert Cribb James Company incor. yi an James Gibbon William Hobbs Benjamin Cribb John Markwell herted. D. A. Somersett William Turner John Rankin McQuarie MeDonald Campbell McDonald Henry Kilner William Warren tLenvy Challinor Henry M. Cockburn Frederic k A. Forbes John Dunmore Lang Thomas Dowse John Fielding Richard Sexton Joseph Foote John C. Foote James Foote John George Cribb Thomas Smith James H. Robertson Thomas Lade Ambrose Eldridge R. Cribb junior and all other persons who shall hereafter become subscribers to the said undertaking and their several and respective successors executors administrators and assigns shall be and hereby are united into a com- pany for the purchase of suitable tracts of waste land for the promotion of immigration and for the re-sale thereof in small farms with a view to the settlement of an agricultural population in the Moreton Bay District of the Colony of New South Wales and for these purposes shall be one body corporate by the name and style of " 'The Morcton Bay Immigration and Land Company" and by that name shall have pe rpetual sucecssion and a common seal and shall and may sue and be sued plead and be impleaded answer and be answered unto defend and he defended in all Courts and places whatsoever and shall have power and authority from and after the passing of this Act and at all times thereafter to purchase and hold lands to them and their successors and assigns with a view to the promotion of immigration and also to sell and dispose of or lease the said lands again in small farms or other- wise as may be deemed most expedient for the settlement of an agricultural population in the said district. 2. The capital of the company hereby established shall be one Capital. million pounds sterling to he held in forty thousand shares of twenty- five pounds cach and such shares shall be numbered in regular or arithmetical progression beginning with number one and every such share shall be distinguished by its appropriate number and the said shares shall be and are hereby vested in the persons hereinbefore named and in such other persons as shall take shares in the said com- pany and their successors and their several and respective executors administrators and assigns. 3. The said shares shall be deemed personal estate and shall he Shares to be deemed transferable and transmissible as such and shall not be of the nature!" of real estate. Every person who shall by virtue of this Act have subscribe for or shall otherwise have become entitled to a share in the said company and whose name shall have been entered on the register of sharcholders hereinafter mentioned shall be deemed a sharcholder of the company and shall be entitled to participate in the profit and dividends of the company in proportion to the amount of capital which he shall have paid up. 5. The direetors shall cause the names additions and addresses Register of share- of the several persons entitled to shares together with the number of belles. shares to which they shall be respectively entitled distinguishing cach share by its proper number and the amount of the subscription paid on such shares to be from time to time fairly and distinctly entered in a register book to be kept in ihe office of the said company for that purpose and to be called "The Register of Sharcholders"? and the surnames or corporate names of the said sharcholders shall be placed in alphahctical order to the end that each proprictor for the time being and his interest in the company may be known. On demand of the holder of any shares the directors of the Certificates of shares . . . . . 1 to be issued to the company shall cause a certificate of the proprietorship of such shares shareholders, to he delivered to such sharcholder and such certificate shall have the common scal of the company affixed thereto and such certificate shall specily d Definition of share- holders, Certificate to be 19° VIC. 1855. Moreton Bay Inmigration and Land Company. specify the shares to which such shareholder is entitled and the same may be according to the form in the Schedule A to this Act annexed or to the like effect and for such certificate the said company may demand any sum not exceeding two shillings and sixpence and such certificate shall be admitted in all Courts as primd facie evidence of cvidence of property the title of such shareholder his executors administrators successors in shares. Certificate to be renewed when destroyed. Shares may he sold. Transfers of share to be registered &c. No shares to be transferred while in arrear. Transmission of shares by other means than transfer to be authenticated by a declaration. or assigns to the share therein specified but the want of such certifi- cate shall not prevent the holder of any shares from disposing thereof or receiving his share of the profits in respect thereof. 7. Ifany such certificate shall be worn out or damaged then upon the same being produced at some meeting of the directors such directors may order the same to be cancelled and thereupon another similar certificate shall be given to the party in whom the property of such certificate and of the shares therein mentioned shall be at the time vested or if such ecrtificate be lost or destroyed then upon proof thereof to the satisfaction of the directors a similar certificate shall be given to the party entitled to the certificate so lost or destroyed and to the shares therein mentioned and in either casc a due entry of the substituted certificate shall be made by the secretary in the register of shareholders and for every such certificate so given or exchanged the company may demand any sum not exceeding two shillings and six- ence. P 8. It shall be lawful for any shareholder to sell and transfer all or any of his shares subject to the provisions herein mentioned Pro- vided that every such transfer shall be by deed in which the consider- ation shall he stated and such deed may be according to the form in the Schedule B to this Act annexcd or to the like effect and provided also that if any certificate of the proprictorship of the shares to be transferred shall have been issued the same shall upon such transfer be delivered up to the directors to be cancelled or to be indorsed by the secretary to the company with a memorandum of the transfer unless it shall be shewn to the satisfaction of the directors that the same has been lost or destroyed. 9. The said deed of transfer (when duly exceuted) shall be delivered to the secretary and kept by him and the sceretary shall enter a memorial thereof in a book to be called " The Register of Transfers" and shall indorse such entry on the deed of transfer and shall on demand deliver another certificate to the purchaser and for every such entry together with such indorsement and certificate the company may demand any sum not exeecding two shillings and sixpence and on the request of the purchaser of any sharcs an indorsement of such transfer shall be made on the existing certificate of such shares instcad of a new certificate being granted and upon such indorsement being signed by the seerctary such certificate shall be considered in every respect the same as a new certificate and until such deed of transfer has been so delivered to the secretary as aforesaid the vendor of the shares shall continue liable to the company for any calls that may be made upon such shares and the purchaser shall not be entitled to receive any share of the property of the company or to vote in respect of such shares. 10. No shareholder shall be entitled to transfer any share which he shall possess in the said company after any call has been made in respect of such share until he shall have paid up such call nor until he shall have paid all calls for the time being duc on every share held by him. 11. If the interest in any shares have become transmitted in consequence of the death or bankruptcy or insolvency of any share- holder or in consequence of the marriage of a female shareholder or by any other lawful means than by a transfer according to the provisions ; of 1855. 19° VIC. Moreton Bay Immigration and Land Company. of this Act such transmission shall be authenticated by a declaration in writing as hereinafter mentioned or in such other manner as the directors shall require and every such declaration or other authentication shall state and shew the manner in which and the party to whom such shares shall have been so transmitted and shall be made and signed by some credible person before a Justice of the Peace or notary public and such declaration or other authentication shall be left with the secrctary and upon the same being deemed satisfactory by the directors he shall enter the name of the person entitled by such transmission in the register of sharcholders and for every such entry the company may demand any sum not execeding five shillings and until such trans- mission has been so authenticated and such entry made no person claiming by virtue of any such transmission shall be entitled to reecive any share of the profits of the undertaking nor to vote in respect of any such share as the holder thereof. 12. If such transmission he by virtue of the marriage of a Proof of transmis- female sharcholder the said declaration or other authentication shal] sien by marriage contain «a copy of the register of such marriage or other particulars of the celebration thereof and shall declare or shew the identity of the wife with the holder of such shares and if such transmission have taken place by virtue of any testamentary instrument or by intestacy the probate of the will or the letters of administration or an official extract. therefrom shall together with such declaration or other authentication be produced to the secretary and upon such production in cither of the cases aforesaid the seeretary shall make an entry of the declaration or other authentication in the said register of transfers. will &e. 13. The company shall not be bound in any manner by any Company not bound trusts or equitable interests or demands atfecting any shares st: anding required to take any notice of such trusts or equitable interests or demands but the reccipts of the person in whose name the share shall stand in the hooks of the company shall notwithstanding such trusts or equitable interests or demands and notice thereof to 'the company be a good valid and conclusive discharge to the company for or in respect of any dividend or other money payable by the company in respect of suc +h shares and a transfer of 'the said shares by the person in whose name the shares shall so stand shall notwithstanding as afore- said be binding and conclusive as far as may concern the said company against all persons claiming by virtue of such trusts or cquitable interests or demands Provided always that it shall be competent to the directors of the company if they shall think fit so to do to with- hold payment of the dividends on any such shares and to refuse to allow or recognize the transfer of such shares in any case in which the company shal) have had notice of any claims under an alleged trust or equitable interest or demand And provided also that nothing herein contained shall be deemed or taken to interfere with or abridge the right and power of a Court of Equity to restrain the payment of any such dividend or other moncy payable by the company in respect of any such shares or the transfer thereafter of any such shares or to direet: the payment of such dividends or other money not already paid by the company or the transfer of such shares to such person as such Court may think fit. to sec to exceution D of trusts in respect in the name of any person as the ostensible proprietor thereof or be ofsbares. 14. The several persons who have aceepted or who shall here- subscriptions to be after accept or hold shares in the company shall pay the amount o said shares or such portions thereof as shall from time to time he called for by the directors at such times and places as shall be appointed by the directors and with respect to the provision in this Act contained lor {paid as called for. enforcing the payment of calls the word "sharcholder" shall extend Term " shareholder" to and include the legal representatives of every such sharcholder. 15. to include ropresenta- 480 19 VIC. 1855. Moreton Bay Immigration and Land Company. Power to make calls, 15. It shall be lawful for the directors from time to time to make such calls of money upon the several shareholders in respect of the amount of their respective shares as the said directors shall deem necessary provided that thirty days notice at the least he given of each call by a notice in the Government Gazette and in one or more of the newspapers published in the town of Brisbane and that successive calls be not made at a less interval than three months and that no call exceed the sum of twenty-five shillings for or in respect of any one share and every sharcholder shall be liable to pay the amount of the calls so made in respect of the shares held by hit to the persons and at the times and places from time to time appointed by the said directors. 'Ten per cent. interest 16. If before or on the day appointed for payment any_share- toy Patdonover-due Folder shall not pay the amount: of any call to which he is liable then every such shareholder shall be liable to pay interest for the same at the rate of ten per cent. per annum from the day appointed for the payment thercof' to the time of the actual payment. Power to receive 17. It shall be lawful for the directors if they shall think fit holders on interest, tO Yeceive from any of the shareholders who shall be willing to advance the same all or any part of the moneys due upon their respective shares beyond the sums actually called for and upon the principal moneys so paid in advance or so much thereof as from time to time shall exceed the amount of the calls then made upon the shares in respect of which such advance shall be made the company may pay interest at such a rate not exceeding the rate aforesaid as the share- holder paying such sum in advance and the directors shall agree upon. Enforcement of calls 18. If at the time appointed hy the directors for the payment by action, of any call any shareholder shall fail to pay the amount of such call it shall be lawful for the company to sue such shareholder for the amount thereof in any Court of Law or Equity having competent jurisdiction and to recover the same with interest as aforesaid from the day on which such call was payable and in any action or suit it shall not be necessary Declaration in suits to set forth the special matter but it shall be sufficient for the company to recover calls, ty declare that the defendant is the holder of one share or more in the company (stating the number of shares) and is indebted to the company in such sum of money as the calls in arrear shall amount to in respect of one call or more upon one share or more (stating the number and amount of each of such calls) whereby an action hath accrued to the Matter to be heard company by virtue of this Act and on the trial or hearing of such in uetion forcalls. setion or suit it shall be sufficient to prove that the defendant at the time of making such call was a holder of one share or more in the company and that such call was in fact made and such notice thereof given as is directed by this Act and it shall not be necessary to prove the appointment of the directors who made such call nor any other matter whatsoever and thereupon the company shall be entitled to Proof of proprietor. PECOVEr W hat shall be due upon such call and interest thereon and the ship. production of the register of shareholders required to be kept in the office of the company shall be primd facie evidence of such defendant being a shareholder and of the number and amount of his shares. Shares in arvear may 19. If any shareholder shall fail to pay any call payable by him . ™ together with the interest if any shall have accrued thereon the direc- tors of the company at any time after the expiration of one month from the day appointed for payment of such call may if they shall think fit declare the shares in respect of which such call was payable forfeited and that whether the said company have sued for the amount Notice to be given of of such call or not Provided that before declaring any share forfeited intention to declare the directors shall cause notice of their intention to declare such share to be forfeited to be left at or transmitted by the post to the usual or last place of abode of the person appearing by the register of share- holders 1855. 19° VIC. Moreton Bay Inmigration and Land Company. holders to be the proprietor of such share and if the holder of any such share shall be beyond the limits of this Colony or if his or their usual or last place of abode be not known to the directors by reason of its being imperfectly described in the said register of shareholders or otherwise or if the interest in any such share shall be known by the directors to have become transmitted or otherwise than by transfer as hereinbefore mentioned but a declaration of such transmission shall not have been registered as aforesaid and so the address of the party to whom the said share may have been transmitted or may for the time being belong shall not be known to the directors the directors shall give public "notice of such intention in the Government Guzelte and also in one or more of the newspapers published in the town of Brisbane and the several notices aforesaid shall be given twenty-one days at least before the directors shall make such declaration of forfciture. 20. After such forfeiture as aforesaid it shall be lawful for the directors to scll the forfeited share by public auction and if there be more than one forfeited share then either separately or together as to them shall scem fit Provided that the company shall not sell or transfer more of the shares of any such defaulter than shall be sufficient as nearly as can be ascertained at the time of such sale to pay the arrears hen due from such defaulter on account of any calls together with 1¢ interest and expenses attending such sale and declaration of orfeiture and if the money produced by the sale of any such forfcited hare be more than sufficient to pay all arrears of calls and interest hereon due at the time of such sale and the expenses attending the cclaration of forfeiture and sale thereof with the proof thereof and 1e certificate of proprictorship to the purchaser the surplus shall on emand be paid to the defaulter And provided also that if payment of uch arrears of call and interest and expenses be made before any hare so forfeited shall have been sold as aforesaid such share shail revert to the party to whom the same belonged before such forfeiture in such manner as if such call had been duly * paid. 21. A solemn declaration in writing VW some credible person not interested in the matter made in conformity with the provisions of an Act of Council passed in the ninth year of the reign of Ifer present Majesty Queen Victoria numbered nine that the call in respect of a share was made and notice thereof given and that default in payment of the call was made and that the forfeiture of the share was declared in manner hereinbefore required shall be sufficient evidence of the facts therein stated and such declaration and the receipt of the treasurer or other officer of the company authorized by the directors to reecive payment of the price of such share shall constitute a good title to such share and a certificate of proprietorship shall be delivered to such purchaser and thereupon he shall be deemed the holder of such share discharged from all calls due prior to such purchase and he shall not be bound to see to the application of the purchase money nor shall his title to such share be affected by any irregularity in the proceedings in reference to such. sale. 22. The first general meeting of the sharcholders of the com- pany for putting this Act in execution shall be held at some convenient place within the town of Brisbane within two months after the passing of this Act between the hours of ten in the forenoon and four in the afternoon and the future general meetings of the company shall be held on the first Monday in the months of February and August or at such other stated periods as shall be appointed for that purpose by an order of a general meeting and the meetings so appointed shall be called " or dinary" or " half-y early" general meetings and all meetings whether half-yearly or extraordinary shall be held at such place as the 3P shareholders recht se act ZZ Forfeited shares may be sold. No more shares to be sold than are suflicient to pay off arrears and expeuses, On payment of arrears before sale shares to revert to the party. Evidence of proprictorship in purchasers of forfeited shares. First and other general meetings. Business at half- yearly general meetings. Business at extra- ordinary meetings. Extraordinary meetings. Extraordinary mecting of the company may be required by share- holders. Notice of meetings. Quorum of share- holders for a general meeting. Chairman at general meetings. Business at adjourn- ments. Votes of share- holders. 19° VIC. 1855. Moreton Bay Immigration and Land Company. shareholders shall at any general meeting direct and appoint and if no such direction be given then at such place as the directors shall from time to time appoint. 23. No matters except such as are appointed by this Act to be done at a half-yearly general meeting shall be transacted at any such meeting unless special notice of such matters have been given in the adv ertisement convening such meeting And no extraordinary meeting shall enter upon any business not set forth in the notice upon which it shall have been convened. 24, Every general meeting of the shareholders other than a half-yearly meeting shall be called an extraordinary meeting and such meetings may be convened by the directors as they think fit And any number of shareholders not being less than five holding in the aggre- gate one hundred shares may by writing under their hands at any time require the directors to call an extraordinary meeting of the company and such requisition shall fully express the obj cet. of the meeting required to be called and shall 'pe left at the office of the company or given to at least three directors or left at their last or usual places of abode and forthwith upon the receipt of such requisi- tion the directors shall convene a meeting of the shareholders and if for twenty-one days after such notice the directors shall fail to call such meeting the number of shareholders aforesaid qualified as afore- said may call such meeting by giving fifteen days public notice thereof in the Government Gazette and in one or more of the news- papers published in the town of Brisbane 25. Fifteen days public notice at the least of all meetings whether ordinary or extraordinary shall be given by advertisement in the Government Gazette and one or more newspapers as_ hereinbefore mentioned which shall specify the place the day and the hour of meeting and every notice of an extraordinary meeting or of an ordinary meeting if any other business than the business hereby appointed for ordinary meetings is to be done thereat shall specify the purpose for which the meeting is called. 26. In order to constitute a general meeting there shall be present either personally or by proxy shareholders holding in the aggregate not less than one-tenth of the subscribed capital of the company and being in number not less than ten and such share- holders shall be a quorum and if within one hour from the time appointed for such meeting the said quorum be not present no business shall be transacted at the meeting other than the declaring of a dividend in case that shall be one of the objects of the mecting but such meeting shall except in the case of a meeting for the elec. tion of directors hereinafter mentioned be held to be adjourned sine die. 27. At every general meeting of the company one or other of the following persons shall preside as chairman that is to say the chairman of the company or in his absence the deputy chairman or in the absence of the chairman and deputy chairman some one of the directors of the company to be chosen for that purpose by the meeting or in the absence of the chairman and deputy chairman and of all the directors any shareholder to be chosen for that purpose by a majority of the shareholders present at such meeting and such chairman shall be entitled to vote not only as a principal and proxy but also to give a casting vote if there be otherwise an equality of votes and every such general meeting may be adjourned from time to time and from place to place and no business shall be transacted at any adjourned meeting other than the business left unfinished at the meeting from which such adjournment took place. 28. At all general meetings every shareholder who shall be possessed of one or more shares shall for the first five shares be entitled to 1855. 19° VIC. 483 Moreton Bay Immigration and Land Company. to one vote for each and for every additional number of five shares to one additional vote Provided always that no sharcholder shall Ie Shuchelders not te entitled to more than ten votes altogether and that no shareholder shal] °°" "= P" be entitled to vote at any meeting unless he shall have paid all the calls then due upon the shares held by him. 29. The votes of sharcholders may be given at any general Mamer of voting. meeting either personally or by attorney duly constituted or by proxies being sharcholders authorized by writing according to the form in the Schedule C to this Act annexed or in a form to the like effect under the hand of the shareholder nominating such proxy. 30. If several persons be jointly entitled to any shares the Wats of joint share- person whose name stands first in the register of shareholders as one of the holders of such shares shall for the purpose of voting at any mecting be decmed the sole proprietor thereof and on all occasions the vote of such first named sharcholder either in person. or by proxy shall be allowed as the vote in respeet of such shares without proof of concurrence of the other holders thereof And if any shareholder be a Votes of tunatics and lunatic or idiot such lunatic or idiot may vote by his committee and ™ns €e. if any shareholder be « minor he may vote by his guardian or any one of his guardians and every such vote may be given cither in person or by proxy. 31. Whenever in this Act the consent of any particular majority Proof of a particular of votes at any meeting of the company is required in order to authorize mor oe woes any proceeding of the company such particular majority shall only be veut of a poll being required to be proved in the event of a poll being demanded at such 7" meeting and if such poll be not demanded then a declaration by the chairman that the resolution authorizing such procceding has been carried and an entry to that effect in the book of proceedings of the company shall be sufficient authority for such procecding without: proof of the number or proportion of votes recorded in favour of or against the same. 32. The sharcholders present cither personal y or by proxy ats Six directors to be such first general meeting to be held as hereinbefore is mentioned or ee a cae aeee at some mecting to be held by adjournment from such general meeting shall choose and elect six persons to be directors to manage and conduct the aifairs of the company and at the half-yearly mecting which shall be held in the month of August in cach year two directors shall retire from office such retirement to be decided by lot between themselves until all the first set of directors who shall have been clected at such first general mecting directed to be held as aforesaid shall have retired and then at the half-yearly mecting to be held in the month of August in every year thereafter the dire ctors who shall have been longest in Retirement of office shall retire and so on from time to time during the continuance of the company and at every such half-yearly meeting i in the month of August in every year the shareholders then present "personally or by proxy sball elect two new directors in the place of the directors then retiring from office agreeably to the provision hereinafter contained and the persons elect ed at any such meeting being neither removed nor disqualified nor having resigned shall continue to be dircetors until others are clected in their stead as hereinafter mentioned. 33. If at anv meeting at which an clection of directors ought Existing divectors to take place the preseribed quorum of shareholders shall not "be ot meeting for elec- present within one hour from the time appointed for the meeting no ten of directors. election of directors shall be made but such mecting shall stand adjourned to the following day at the same time and place and if at the meeting so adjourned the prescribed quorum be not present within one hour {rom the time appointed for the meeting the existing directors shall continue to act and retain their powers until new directors be appointed at the first half-yearly meeting of the following year. 34. 484 19° VIC. 1855. Moreton Bay Immigration and Land Company. Qualification of 34. No person shall be capable of being a director unless he be directors. a shareholder nor unless he be possessed of ten shares and no person holding an office or place of trust or profit under the company or interested in any contract with the company shall be capable of being a director and no director 'shall be capable of accepting any other office or place of trust or profit under the company or of being interested in any contract with the company during the time he shall be a director but nothing in this Act contained "shall prevent the company from remunerating the chairman and directors as they may think fit. eerie ted joint 35. Provided always that no person being a sharcholdcr or stock company not member of any incorporated joint stock company shall be disqualified disqualified byreason oy prevented from acting as a director by reason of any contract entered into between such joint stock company and the company hereby incorporated but no such director being a sharcholder or member of such joint stock company shall vote on any question as to any contract with such joint stock company. Supply of ocensional 36. If any director die or resign or become disqualified ov directors, incompetent to act as a director or cease to be a director by any other cause than that of going out of office by rotation as aforesaid the remaining directors if they think proper so to do may elect in his place some other sharcholder duly qualified to be a director and the shareholder so clected to fill up any such vacancy shall continue in office as a director until the next ordinary mecting of sharcholders when a director shall be clected by the sharcholders present or by proxy in the place of the director so having dicd resigned or become disqualified or incompetent to be a director or having ceased to be a director by any other cause. Powers of the com- Qe ry ., see . ie pany which may be 37. The directors shall have the management and superinten- exereised by the ~— dence of the affairs of the company and they may lawfully appoint all directors. officers and servants required for conducting the undertaking of the company and shall exercise all other the powers of the company except as to such matters as are directed by this Act to be transacted by a general meeting of the sharcholders but all the powers so to be exercised shall be exercised in accordance with and subject to the provisions of this Act and the exercise of all such powers shall be subject also to the control and regulation of any general mecting specially convened for the purpose but not so as to render invalid any act done by the directors prior to any resolution passed by such Quorum of directors. encral meeting And any three of such directors being present at a duly convened board meeting shall form a quorum and shall be com- petent to exercise the powers hereby given to the directors generally. Speen tes 38. Except as otherwise provided by this Act the following general meetings. powers of the company (that is to say) the choice and removal of the directors except as hereinbefore mentioned the choice of auditors the determination as to the remuneration of the directors and the decla- ration of dividends shall be exercised only at a general meeting of the shareholders. Mectings of 89. The directors shall hold meetings at such times as they shall appoint for the purpose and they may mect and adjourn as_ they think proper from time to time and from place to place within the district of Moreton Bay and at any time any two of the directors may require the secretary to call a mecting of the directors and in order to constitute a meeting of directors there shall be at least three directors and all questions at any such meeting shall be determincd by the majority of votes of the directors present and in case of an equal division of votes the chairman shall have a casting vote in addition to his vote as one of the directors. 40. 1855. 19° VIC. 485 Moreton Bay Immigration and Lond Company. 40. At the first mecting of directors held after the passing of Appointment of this Act and at the first meeting of the directors held after cach Genuty ehateman annual appointment of directors the directors present at such mecting of company. shall choose one of the directors to be chairman of the company and to act as chairman of the directors for the year following such choice and shall also if they think fit choose another director to be and act as deputy chairman for the same period and if the chairman or deputy chairman die or resign or cease to be a director or otherwise become disqualified to act the directors present at the meeting next after the occurrence of such vacancy shall choose some other of the directors to fill such vacancy during the residue of the current year and such chairman if present and in his absence the deputy chairman oyesmanship at if present shall preside at all mectings of the directors but if neither mectings of directors. the chairman nor deputy chairman be present the directors present shall choose some one of their number to be chairman of such meeting. 41. The directors shall cause notes minutes or copies as the Proceedings to be case may require of all appointments made or contracts entered into entered in a book by them and of the orders and proceedings of all mectings of the evidence. | sharcholders and of the directors and committees of directors to be duly entered in books to be from time to time provided for the purpose which shall be kept under the superintendence of the directors and every such entry shall be signed by the chairman of ,the meeting at which such appointments and contracts were made or entered into or authorized or at which such proceedings and orders were respectively had or made and such entry so signed shall be received as evidence in all Courts and before all Judges Justices and others without proof of such respective meetings having been duly convened or held or of the persons making or entcring such orders or proceedings being share- holders or directors or members of committee respectively or of the signature of the chairman or of the fact of his having been. chairman all of which last-mentioned matters shall be presumed until the con- trary be proved. 42. All acts done by any meeting of the directors or by any Defects in appoint- e person acting as a director shall notwithstanding it may be afterwards Meuulifientions set. discovered that there was some defect in the appointment of any such to invalidate pro- directors or persons acting as aforesaid or that they or any of them °""s* were or was disqualificd he as valid as if every such person had been duly appointed and was qualified to be a director. 43. No director by being party to or executing in his capacity Dircetors not to be of a director any contract or other instrument on behalf of the company Posy Hable. or otherwise lawfully executing any of the powers given to the directors shall be subject to be sued or prosecuted individually by any person whomsoever and the hodies or goods or lands of the directors shall not be liable to execution of any legal process by reason of any contract or other instrument so entered into signed or executed by them or by reason of any other lawful act done by them in the execution of any of their powers as directors and the directors their heirs executors Indemnity of and administrators shall be indemnified out of the capital of the com- directors. pany for all payments made or liability incurred in respect of any acts : done by them and for all losses costs and damages which they may incur in the execution of the powers granted to them and the directors for the time being of the company may apply the existing funds and capital of the company for the purposes of such indemnity and may if necessary for that purpose make calls of the capital remaining unpaid (if any.) 44, At the first general meeting of the company to be held after Election of auditors. the passing of this Act the shareholders shall clect two auditors in the same manner as is hereinbefore provided for the election of directors and at the ordinary meeting of the company in the month of August in 486 19° VIC. 1855. Moreton Bay Immiyration and Land Company. in each year thereafter the shareholders shall in like manner elect an auditor tosupply the place of the auditor then retiring from office according to the provision hereinafter contained and every auditor elected as hereinbefore provided being neither removed nor disqualified nor having resigned shall continue to be an auditor until another be auefcation of elected in his stead and every auditor shall have at least ten shares auditors. in the company and he shall not hold any other office in the company nor be in any other manner interested in its concerns except as a shareholder. Ordinary retirement 45. One of such auditors (to be determined in the first instance of anditors. by lot between themselves unless they shall otherwise agree and after- wards by seniority) shall go out of office at the ordinary meeting in the month of August in each year but the auditor so going out shall Casual vacancies in be immediately re- "eligible. the office of auditor. 46, If any vacancy take place among the auditors in the course of the current year then at any general meeting of the company the vacancy may be supplied by election of the shareholders and the pro- Fai , vision in this Act contained respecting the failure of an ordinary 'ailure of meeting : . . ' to elect auditors. mecting at which directors ought to be chosen shall apply mutatis mutandis to any meeting at which an auditor ought to be appointed. Powers of auditors 47. The auditors shall have full authority at all reasonable for examination of : . aos ya affairs, times to examine the accounts and aflairs of the company and to inspect the books and to call for the production to them at the principal office of the company of all books vouchers writings and documents concerning the same and to call in the aid of the officers clerks and servants of the company or any other person competent to give information as to the company's affairs. Delivery of balance 48. The directors shall deliver to such auditors the half-yearly sheet Ke. by direc: or other periodical accounts and balance sheet fourteen days at the least before the ensuing ordinary mecting at which the same are required to be produced to the shareholders as hercinafter provided Duty of auditors. and such auditors shall receive and examine the same and shall examine into the state of the company's affairs and shall be at liberty Powers of auditors. to cmploy such accountants and other persons in such examination as they may think proper at the expense of the company and they shall make a just truc and faithful report on the said accounts and affairs and such report shall be read together with the report of the directors at the ordinary meeting. Further audit inay 49. If it shall appear to such ordinary meeting desirable that recat sutton may th company's affairs should be more fully investigated it shall be be appointed. lawful for such ordinary meeting either to direct the said auditors to inquire into and report on the affairs of the company generally or in their discretion to appoint any two or more shareholders as special auditors for that purpose. Seonrity to be taken 50. Before any person intrusted with the custody or control tructed with. money. of moneys belonging" to the company whether treasurer collector or other officer of the com pany shall enter upon his office the directors shall take sufficient security from him for the faithful execution of his office. Officers to account 51. Every officer employed by the company shall from time to : time when required by the directors make out and deliver to them or to any person appointed by them for that purpose a true and perfect account in writing under his hand of all moneys received by him on behalf of the company and such account shall state how and to whom and for what purpose such moneys shall have been disposed of and together with such account such officer shall deliver the vouchers and receipts for such payments and every such officer shall pay to the directors or to any person appointed by them to receive the same all moneys which shall appear to be owing from him upon the balance of such accounts. 52. 1855. 19° VIC. 487 Moreton Bay Immigration and Land Company. 52. If any such officer fail to render such account or to produce Summary remedy and deliver up all the vouchers and receipts relating to the same in a soli' fail- his possession or power or to pay the balance thereof when thereunto required or if for three days atter being thereunto required he fail to deliver up to the directors or to any person appointed by them to receive the same all papers and writings property eflects matters and things in his possession or power relating to the exccution of this Act or belonging to the company then on complaint thereof being made to a Justice such Justice shall summon such officer to appear before two or more Justices at a time and place to be set forth in such summons to answer such charge and upon the appearance of such officer or in his absence upon proof that such summons was personally served upon him or left at his last known place of abode such Justices may hear and determine the matter in a summary way and may adjust and declare the balance owing hy such officer and if it appear either upon confession of such officer or upon evidence or upon inspection of the account that any moneys of the company are in the hands of such officer or owing by him to the company such Justices may order such officer to pay "the same and if he fail to pay the amount it shall be lawful for such Justices to grant a warrant to levy the same by distress or in default thereof to commit the offender to gaol for a period not excceding three months unless the said amount be sooner paid. 53. If any such officer refuse to make out such account in Officers refusing to writing or to produce and deliver to the Justices the several vouchers deliver up documonts and reecipts relating thereto or to deliver up any books papers or writings property effects matters or things in his possession or power belonging to the company such Justices may lawfully commit such offender to gaol there to remain until he shall have delivered up all the vouchers and receipts (if any) in his possession or power relating to such accounts and have delivered up all books papers writings pro- perty effects matters and things (if any) in his possession or power belonging to the company. 54. If any director or other person acting on behalf of the com- Where officer about pany shall make oath that he has good reason to believe upon grounds Fa te heaved grant to be stated in his deposition and does believe that it is the intention first instance. of any such officer as aforesaid to abscond or that he has absconded it shall be lawful for the Justice before whom the complaint is made if he shall think fit to issue a warrant in the first instance for the bring- ing such officer before such two Justices as aforesaid but no person exccuting such warrant. shall keep such officer in custody longer than twenty-four hours or such longer period as may be rendered necessary by the distance of the place of apprehension from the residence of the nearest or most convenient Magistrate without bringing him before some Justice and it shall be lawful for the Justice before whom such officer may be brought cither to discharge such officer if he think there is no sufficient ground for his detention or to order such officer to be detained in custody so as to be brought before two Justices at a time and place to he named in such order unless such officer give bail to the satisfaction of such Justice for his appearance before such Justices to answer the complaint of the company Provided never- , I . ureties not to be theless that no such procecding against or dealing with any such officer discharged. as aforesaid shall deprive the company of any remedy which they might otherwise have against such officer or any surety of such officer. 55. The directors shall cause full and true accounts to be kept Accounts to be kept. of all sums of money reccived or expended on account of the company by them and all persons employed by or under them and of the matters and things for which such sums of money shall have been received or disbursed and paid. 56. Books to be balanced at stated times. Balance shect to be produced at the half- yearly meetings. Book-keeper to allow shareholders to inspect accounts. Scheme to be pre- pared shewing profits, Surplus revenue to be appropriated for education, Dividend not to be made so as to reduce capital. No dividend to be paid when calls in Service of notice upon company. Service by company on shareholders, 19° VIC. " 1855. Moreton Bay Immigration and Land Company. 56. The books of the company shall be balanced fourteen days at least before each half-yearly general mecting of shareholders and forthwith on the books being so balanced an exact balance shcet shall be made up which shall exhibit a true statement of the capital stock credits and property of every description belonging to the company and the debts due by the company at the date of making such balance sheet and a distinct view of the profit or loss which shall have arisen on the transactions of the company in the course of the preceding half-year and previously to each half-yearly general mecting such balance sheet shall be examined by the directors or any three of their number and shall be signed by the chairman or deputy chairman of the directors. 57. The directors shall produce to the shareholders assembled at such half-yearly mecting the said balance sheet applicable to the period immediately preceding such meeting together with the report of the auditors thereon as hereinbefore provided. 58. The directors shall appoint a book-keeper to enter the accounts aforesaid in books to be provided for the purpose and every such book- keeper shall permit any shareholder to inspect such books and to take copies or extracts therefrom at any reasonable time during one fortnight before and one month after every hall-yearly mecting and if he fail to permit any such shareholder to inspect such books or take extracts or copies therefrom during the periods aforesaid he shall forfeit to such shareholder for every such offence a sum not excceding five pounds. 59. Previously to every half-yearly meeting at which a dividend is intended to be declared the directors shall cause a scheme to be prepared shewing the profits (if any) of the company for the period current since the preceding ordinary meeting at which a dividend was declared and apportioning the same and any surplus remaining undivided from any former period or so much thereof as they may consider applicable to the purposes of dividend among the sharcholders according to the shares held by them respectively the amount paid thereon and the periods during which the same may have been paid and shall exhibit such scheme at such ordinary meeting and at such meeting a dividend may be declared according to such scheme or of any such less amount as the mecting shall think fit Provided always that no higher dividend shall be declared than ten per cent. the surplus accruing from time to time to be appropriated for the advancement of education in such manner as the directors shall determine. 60. The company shall not make any dividend whercby their capital stock will be in any degree reduced Provided always that the word " dividend" shall not be construcd to apply to a return of any portion of the capital stock with the consent of all the mortgagees and bond creditors of the company due notice being given for that} purpose at an extraordinary meeting to be convened for that object. 61. No dividend shall be paid in respect of any share until all calls then due in respect of that and every other share held by the person to whom such dividend may be payable shall have been paid. 62. Any summons or notice or any writ or othcr procceding at law or in equity requiring to be served upon the company may be served by the same being left at or transmitted through the post directed to the principal office of the company or being given per- sonally to the secretary or in case there be no secretary then by being given to any one director of the company. 63. Notices requiring to be served by the company upon the sharcholders may unless expressly required to be served personally be served by the same being transmitted through the post directed according to the registered address or other known address of the spare- older 1855. 19° VIC. 489 Moreton Bay Timigration and Land Company. holder within such period as to admit of its being delivered in the due course of delivery within the period (if any) prescribed for the giving of such notice and in proving such service it shall be sufficient to prove that such notice was properly directed and that it was so put into the Post Office Provided that this enactment as to the time of trans- mission shall not apply to shareholders resident out of the Colony but in every such case fourteen days notice at the least shall be given by advertisement in the New South Wales Government Gaz ette and in one or more newspapers published in the town of Brisbane. 64, All notices directed to be given to the shareholders shall Notice to Joint pro- with respect to any share to which persons ave jointly entitled be?" °°" given to whichever of the said persons shall be named first in the register of shareholders and notice so given shall be sufficient notice to all the proprietors of such share. 65. Every summons notice or other such document requiring Authentication of authentication by the company may be signed by two directors or by ™#** the secretary of the company and need not be under the common seal of the company. 66. 1f any person against whom the company shall have any Proof of debts in claim or demand become bankrupt or take the benefit of any Act for bankruptey. the relief of insolvent debtors it shall be lawful for the secretary or treasurer of the company in all proceedings against the estate of such bankrupt or insolvent or under any fiat sequestration or act of insol- vency against such bankrupt or insolvent to represent the company and act in their behalf in all respects. 67. As soon as five thousand pounds of the subscribed capital Company to com. of the company shall have been paid in terms of this Act into one or paid up. pen £50 more of the incorporated banks of the Colony of New South Wales or into the Bank of England on behalf of the company it shall then be lawful for the company to proceed in carrying out the objects con- _ templated by this Act. 68. Conveyances of lands to be made under the provisions of Conveyances of land. this Act may be according to the form in the Schedule D to this Act annexed or as near thereto as the circumstances of the case will admit. or by deed in any other form which the company may think fit and all conveyances made according to the form in the said Schedule or as near thereto as the circumstances of the ease will admit shall be effectual to vest the lands thereby conveyed in the party in whose favour the conveyance shall purport to be made free from all incumbrances what- soever. 69. In case at any time it shall he thought expedient by the Power to borrow directors to raise any sum or sums of money by way of loan for the mony hr inate purchase of land and the promotion of immigration in addition to the tien and to mortgage th "s land money which the company are authorized by this Act to receive in te its repayment. advance from the shareholders it shall he lawful for the directors to borrow and take up at interest any such sum or sums as to them shall seem mect and convenient not exceeding at any time one-half' of the capital of the company then actually paid up and the directors are hereby authorized and empower ed to mortgage or assign the property of the company as a security for any such" sum or sums of money to he borrowed as aforesaid with interest to such person or persons as shall advance the same all which said mortgages or assignment. shall be made under the common seal of the company and in the form or to the effect in Schedule FE to this Act annexed and shall operate to charge the property possessed hy the company at the date of such mortgage or assignment any rule of law to the contrary thereof notwithstanding and all and ev ery the person and persons to whom such mortgage or assignment shall be made shall be equally entitled one with the other to his her or their proportion or proportions of the said rates and 3Q premises Mortgage may be transferred. Interest of money borrowed to be paid in preference to dividends. Mortgagee not to be deemed a share- holder. 19° VIC. 1855. Moreton Bay Immigration and Land Company. premises according to the respective sums in such mortgages or assign- ments mentioned to be advanced without any preference by reason of the priority of date of any such mortgage or assignment or any other account whatsoever and an entry or memorial of every such mortgage or assignment containing the number and date thereof and the names of the persons with the proper additions to whom the same shall have been made and of the sum borrowed together with the rate of interest to be paid thereon shall within fourteen days next after the date thereof be entered in a book to be kept by the clerk or other officer of the company which said book shall and may be perused. at all reason- able times by any of the proprietors or creditors of the company or other persons interested therein without fee or reward. 70. Every person to whom any such mortgage or assignment shall have been made as aforesaid or who shall be entitled to the money due thereon shall and may from time to time transfer his right and interest therein to any person whomsoever which transfer shall or may be in the form or to the effect in Schedule F to this Act annexed and every such transfer shall within twenty-eight days after the date thereof be produced to the manager or secretary of the company who shall cause an entry or memorial to be made thereof in the same manner as the original mortgages or assignments for which the said secretary shall be paid the sum of two shillings and sixpence and after such entry made every transfer shall entitle such assignee his executors administrators and assigns to the full benefit thereof and payment thereon and it shall not be in the power of any person who shall have made such transfer to make void release or discharge the same or any sum of money thereon due or thereby secured or any part thereof. 71. The interest of the money which shall be raised by mort- gage as aforesaid shall be paid half-yearly to the several persons entitled thereto in preference to any interest or dividends duc or pay- able by virtue of this Act to the shareholders or any of them and shall from time to time be fully paid and discharged or provided for before the yearly or other interest or dividends due to the shareholders or any of them shall be paid made or provided and in case the same or any part thereof shall be behind and unpaid by the space of twenty- one days next after the same shall have become due and payable as aforesaid and the same shall not be paid within seven days next aftcr demand thereof in writing shall have been made to the company or left at the office of the company it shall be lawful for two or more Justices of the Peace acting in and for the town of Brisbane aforesaid. and they are hereby required on request to them made by or on behalf of any mortgagee whose interest shall be so in arrear by an order under their hands to appoint onc or more person or persons to receive the whole or such part of the said rates as are lable to pay such interest so due and unpaid as aforesaid and the money so to be received by such person or persons is hereby declared to be so much moncy reccived by or to the use of the person to whom such interest shall be then due until the same together with the costs and charges of recovering and receiving the rates shall be fully satisfied and paid and after such interest and costs shall have been paid and satisfied the power and authority of such receiver and reccivers for the purposes aforesaid shall cease and determine or otherwise the said interest so due and unpaid as aforesaid may be sued for and recovered with costs by an action of debt in the Supreme Court. 72. No person to whom any such mortgage or assignment shall be made or transferred as aforesaid shall be deemed a proprietor of any share or shall be capable of acting or voting by virtue of such mortgage or assignment either as principal or by proxy as such at any meeting 1855. 19° VIC. Moreton Bay Immigration and Land Company. mecting of the company for or on account of his having lent or advanced any sum of money on the credit of any such mortgage or assignment. 73. All the moneys to be raised by the company by virtue of this Act shall be laid out and applied in the first place for and towards the payment discharge and satisfaction of all costs charges and expenses incurred in applying for obtaining and passing this Act and of all other expenses preparatory or relating thereto and all the residue and remainder of such money shall be paid into one or more of the incor- porated banks of the Colony of New South Wales or into the Bank of England to the eredit of the company and be applied in and towards the purchasing of waste lands in the Colony aforesaid to promote immigration and generally for the purposes of this Act. 74. All immigrants to be brought out with the funds of the company shall be selected exclusively by some person or persons duly authorized by the directors. 75. The directors shall be empowered and arc hereby empowered to appoint certain days to be duly advertised for at least one month prior to the day of sale for holding sales of the lands the property of the company as often as in their judgment may seem desirable and all sales of lands the property of the company shall he by public auction. 76. The secretary or manager of the company shall within thirty days from and after the first day of January in cach and every year or as soon thereafter as may he practicable cause a true and corrcet list of the names of all the persons who shall be then existing proprietors or sharcholders of the company with the respective places of abode and descriptions verified by a declaration to be made by such seerctary to be recorded in the oflice for the registry of deeds in the Colony and the same shall be open for inspection at all reasonable times by any person requesting the same on payment of a fee of one shilling for each such inspection and if any such scerctary shall omit or neglect to cause such a list to be recorded in manner aforesaid or shall wilfully falsify any such list he shall be subject and lable toa penalty of one hundred pounds to be recovered by an action of debt in the Supreme Court by any person who shall suc for the same Provided always that such action shall be commenced within two years from the time the offence shall he alleged to have been com- mitted. 77. Every person whose name shall be so recorded as aforesaid shall be considered taken and had to be a proprietor or sharcholder of the company and shall be liable as such until a new list of the names of the proprietors or sharcholders of the company shall be recorded as aforesaid or until he shall have given notice in the Government Gazette Application of funds, Immigrants to be selected by the company. Directors to appoint days for the sale of land. Names of proprictors to be recorded in the Registrar General's office, Persons whose names are recorded to be deemed proprictors. of his retirement from the company Provided however that nothing pimited responsi- herein contained shall extend to charge or make liable any sharcholder bility. of the said company or his real or personal estate with or for any debt or demand whatever due or to become due from or by the said company or in any way relating to the said undertaking for any of the matters or things authorized by this Act to be made done or completed beyond the extent of his shares in the capital of the said company not then paid up any law custom or usage to the contrary thereof in anywise notwithstanding. 78. The directors shall have the custody of the common. scal Custody and uso of and the form thereof and all other matters relating thereto shall from time to time be determined at mectings of directors and the directors present. at any such mecting shall have power to use the common seal for the affairs and concerns of the company and under such scal to authorize and empower any person without such seal to execute any the corporate seal. Dissolution of the cowpany. 19° VIC. 1855. Moreton Bay Immigration and Land Company. any deed and to do all or any other such matters and things as may be required to be executed and done in behalf of the company but it shall not be necessary to use the corporate seal in respect of any of the ordinary business of the company or for the appoint- ment of any attorney or solicitor for the prosecution of any action suit or other proceedings or of any officer or servant of the com- pany and such seal may be affixed to any deed or document by the hand of any person whom the directors shall appoint in that behalf and the affixing thereof shall be attested by one director and such person so appointed and in case any conveyance or other instru- ment under seal shall be executed wherein it appears that such conveyance or other instrument is executed in consideration of a money payment therein stated to have been made to the company such execution shall have no operation in law or shall operate only as an escrow (according as may be indicated in the attestation aforesaid) until the treasurer or other officer charged with the reccipt of moneys on behalf of the company shall have certified under his hand at the foot thereof that such consideration money has been duly paid. 79. At the end of seven vears from the passing of this Act the objects for which the company being incorporated having been com- pleted the company shall make all necessary arrangements for winding up its concerns and for dissolving itself and for the sale or division among the shareholders of the remaining assets of the company and the several provisions herein contained and all powers privileges rights and duties of the directors and of the sharcholders shall only remain and continue in force thereafter so far as the same be necessary for winding up the said concerns and for the sale or division of the said assets and the satisfying all claims and demands upon the company. SCHEDULES REFERRED TO IN THE FOREGOING ACT. SCHEDULE A. Form of Certificate of Shares. Moreton Bay Inmicration anp LAND Company. Number This is to certify that of is the proprietor of the share numbered of "The Moreton Bay Immigration and Land Company" subject to the regulations of the said company. Given under the common seal of the company the day of in the year of our Lord one thousand cight hundred and SCHEDULE B. Form of Transfer of Shares. I of in consideration of the sum of paid to me by of do hereby transfer to the said share numbered in the undertaking called " The Moreton Bay Immigration and Land Company" standing in my name in the books of the company to hold unto the said his executors administrators and assigns (or sucecssors and assigns) subject to the several conditions on which I held the same at the time of the execution hereof and I the said do hereby agree to take the said shares subject to the same conditions. As witness our hands and scals the day of SCHEDULE C. 1855. 19" VIC. "Moreton Bay Immigration and Land Company. SCHEDULE C. form of Prosy. one of the proprietors of " The Moreton Bay Immigration and Land Company" do hereby appoint of to he my proxy in my absence to vote in my name upon any matter relating to the undertaking proposed at the mecting of proprictors to be held on the day of next or at any adjournment thereof in such manner as he shall think proper. In witness whereof I the said have hereunto set my hand (or if a@ corporation say the common scal of the corporation) the day of one thousand eight bundred and SCHEDULE D. Form of Conveyance. By virtue of the Act of the Governor and Legislative Council of New South Wales made and passed in the cightcenth year of Her J Majesty Queen Victoria intituled (énseré title of this Act) we " The Moreton Bay Immigration and Land Company " in consideration of the sum of paid to them by of do hereby convey to the said his heirs and assigns all that &c. (describing premises to be conveyed) together with all ways rights and appurtenances thereto belonging and all such estate right title and interest in and to the same as the said company now are or shall become seized or possessed of or are by the said Act empowered to convey to hold the premises to the said his heirs and assigns for ever according to the true intent and meaning of the said Act. Given under our common seal this day of in the year of our Lord one thousand cight hundred and SCHEDULE E. Form of Mortgage Deed. Tue Moreton Bay Immigration AND LAND Company. Mortgage number &£ By virtue of the Act of the Governor and Legislative Council made and passed in the cighteenth year of Her Majesty Queen Victoria intituled (énsert title of this Act) we "The Moreton Bay Inmigration and Land Company" in consideration of the sum of pounds paid to us by of do assign unto the said his executors administrators and assigns the land and other property of the said company (and in case such loan shall be in anticipation of the cupital authorized to be raised all future calls on the sharcholders) and all the estate right title aud interest of the company in the same to hold unto the said his executors administrators and assigns until the said sum of pounds together with the interest for the same at the rate of for every one hundred pounds by the year be satisfied the principal sum to be repaid at the end of years from the date hereof at the principal office of the company. Given under our common seal this day of SCHEDULE F. Form of Transfer of Mortgayc. T of in considcration of the sum of paid to me by of do hereby transfer to the said his exccutors administrators and assigns a certain " mortgage" number made by * The Moreton Bay Immigration and Land Company" to bearing date the day of for securing the sum of and interest (or if such transfer be by indorsement the within security) and all my right estate and interest in and to the money thereby secured and to the property therehy assigned. In witness whereof I have hereunto set my hand and seal this day of onc thousand cight hundred and . An oO