The Botany Railway Company Act 26 Vic (NSW)

Bouxr Ranwar An Act to establish and incorporate a Company to be called the " Botany Railway Company " and to enable the said Company to construct and work a line of Railway from Botany in the Colony of New South Wales and the Great Southern Railway at or near Newtown in the said Colony. [17th December, 1862.]

Preamble. HEREAS it would be of great public advantage that a line of Railway should be constructed and maintained between Botany

Bay in the Colony of New South Wales and the Great Southern Railway . at or near Newtown in the said Colony for the more regular expeditious and economical conveyance of passengers and goods of the said places and for the better development of the natural resources of the neighbouring districts And whereas a joint stock Company called the 'Botany Rail- way Company" has been lately established in the said Colony And whereas it was agreed that they whilst holding shares in the capital of the said Company should be and continue until dissolved a joint stock Company or partnership under the name and title of the " Botany Railway Company "' for the purpose of constructing maintaining and working such railway and all proper works appliances and conveniences connected therewith and for the purpose of carrying on and regulating the business thereof as well and maintaining all such requisites matters and things as are necessary thereto And whereas it was further agreed that the capital of the said Company should consist of twelve thousand five hundred pounds to be contributed in two thousand five hundred shares of five pounds each and also with power in case it shall be deemed expedient at a general meeting of shareholders to raise any further sum of money by way of loan

or

1862. 26° VIC. 51

Botany Railway Company.

or mortgage for the purposes of the Company so that the same shall not at any time exceed one-third of the amount of the paid up capital of the Company And whereas the said Company is desirous of being incorporated and of obtaining the authority of Parliament for carrying out the objects aforesaid And whereas it is expedient that the said Company should be incorporated accordingly and that the said Company should be authorized by Legislative enactment to construct maintain and work the said railway 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 :—