Sydney Exchange Company Act 1855 19 Vic (NSW)

1855. 19 VIC. 423 Syduey Exchange Company.

ANNO DECIMO NONO

VICTORIA REGIN &.

An Act to amend the Act for the Incorporation ,.. 5°. of 'The Sydney Exchange Company." [14th August, 1855. ]

ILEREAS by the Act passed in the fifteenth year of Her present Preamble. Majesty's reign for the incorporation of "The Sydney Ex- Sydney Exchange

change Company" the said company was established and incorporated Compary Act. with a capital of ten thousand pounds divided into one thousand shares

of ten pounds each with power to increase such capital to an extent

not execeding ten thousand pounds in addition to the said original capital for the purpose of erecting completing and maintaining the Exchange and other buildings by the said Act authorized And whereas

by virtue of the said power the said capital has becn increased to the extent of the further sum of ten thousand pounds by the creation of

one thousand new shares but the said capital is much less than suffi-

cient for carrying out the purposes of the said Act upon the scale

which the company has thought it expedient to adopt and it is therefore expedient to alter and amend the said Act by giving powers

to the said company to raise further capital or funds by the issue of additional shares or by means of loans to an extent not exceeding in

the whole the further sum of thirty thousand pounds And whereas

the said Act requires amendment in some other respects as hereinafter mentioned Be it therefore enacted by His Excellency the Governor

of New South Wales by and with the advice and consent of the Legislative Council thereof as follows—

1. It shall be lawful for the said company for any of the pur- Company may raise poses hereinafter mentioned by the order of any ecnoral meeting to cated olownee raise any sum or sums of moncy not exceeding in the whole the both. further sum of thirty thousand pounds in either of the modes hercin- after mentioned or partly by one and partly by the other of such modes.