The Newcastle Wallsend Coal Company's Incorporation Act 1859 23 Vic (NSW)

550 23° VIC. 1860.

Newcastle Wallsend Coal Company.

ANNO VICESIMO TERTIO

VICTORIA REGINA.

Waste, An Act to incorporate "The Newcastle Walls- ~— end Coal Company." [6th February, 1860. |

Preamble. HEREAS a joint stock company called "'The Newcastle Walls- end Coal Company"' has been lately established at Sydney in the Colony of New South Wales under and subject to the rules regulations and provisions contained in a certain deed of settlement bearing date the twentieth day of January in the year of our Lord one thousand eight hundred and fifty-nine purporting to be a deed of settlement of the said company And whereas hy the said deed of settlement the several parties thereto have respectively and mutually covenanted and agreed that they whilst holding shares in the capital of the said company should be and continue until dissolved under the provisions in that behalf therein contained a joint stock company or partnership under the name and title of "The Newcastle Wallsend Coal Company" for working the coal or other mines in or upon any land of which the said company might from time to time be owners or lessees for the purchase or leasing of coal or other mineral lands for following up and acting upon any trade or purpose mentioned in any regulations for the management or conduct of coal or other mines in the said Colony then promulgated or thereafter to be promulgated for purchasing the necessary machinery for working the said mines or for testing the mining capabilities of any land purchased or intended to be purchased by the company or for draining any mines or any other purpose in connection therewith for exporting selling or otherwise dis- posing of all coal or other minerals to be raised from any land belonging to or leased by the said company for disposing of the timber on any such land for leasing or selling any such lands and for constructing railways roads wharves and other matters necessary for the promotion of the objects of the said company and it was by the same deed of settlement agreed that the capital of the said company should consist of onc hundred thousand pounds to be contributed in ten thousand shares of ten pounds each and of such further sum or sums as might thereafter be raised by the creation and sale of new shares of the like amount as therein provided And whereas by the said deed of set- tlement provision has heen made for the due management of the affairs of the company by certain directors 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 accord- ingly subject to the provisions hereinafter contained Be it therefore enacted by the Queen's Most Excellent Majesty by and with the advice and consent of the Legislative Council and Legislative Assembly of New South Wales in Parliament assembled and by the authority of the same as follows— Company incorpo- 1. Such and so many persons as have already become or at any rated, time or times hereafter shall and may in the manner provided by and . subject.