Clarence and Richmond Rivers Steam Navigation Company’s Act 24 Vic (NSW)

CLARENCE AND Ricumonp Rivers Stream NAVIGATION

Company.

Preamble,

Company incor- porated.

24° VIC. | 1861.

Clarencé and Richmond Rivers Steam Navigation Company.

An Act to incorporate the Proprietors of a certain Company called 'The Clarence and " Richmond Rivers Steam Navigation Com-

"pany" and for other purposes therein 'mentioned. [9th May, 1861.]_.

ITEREAS a joint stock company called "The Clarence and Richmond Rivers Steam Navigation Company" has been lately established at Sydney in the Colony of New South Wales under the provisions contained in a certain indenture dated the first day of January one thousand eight hundred and sixty purporting to bea deed of settlement of the said company And whereas by the said deed of settlement the several parties thereto have respectively and. mutually covenanted to be and continue (until dissolved under the provisions in that behalf therein contained) ajoint stock eompany under the name of "The Clarence and Richmond Rivers Steam Navigation Company "' for the purpose of trading with steam and other vessels between Sydney and the Clarence and Richmond Rivers and such other places as the directors shall from time to time detcrmine on with full power for the directors for the time being of the company to hire build or purchase suitable premises for the carrying on the business of the company and to let sell exchange or otherwise dispose of such premises and from time to time to appoint and remove the necessary officers agents and solicitors and to fix the remuneration of such officers and agents And whereas it was by the said deed of settlement further agreed that the capital of the company should consist of fifty thousand pounds to be corttributed in five thousand shares of ten pounds cach and of such additional shares as a majority of the proprictors at a gencral meeting at which the proprietors actually present in person or by proxy should be actually possessed of not less than three-fourths of the paid up capital might determine to be raised by the ercation of and allotment or sale of new shares: And whereas by the said decd of settlement provision has been made for the payment of dividends and for the disposal and application of the profits and for the formation of a reserve fund for repairs and generally for the due management of the affairs of the said company And whereas the said company is desirous of being incorporated but subject to the provisions hereinafter con- tained 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—