The New South Wales Co-operative Coal Mining Company Incorporation Act 1862 26 Vic (NSW)

New Sovrn Wares Co-oPERATIVE Coat Minixa Company,

Preamble,

An Act to incorporate "The New South Wales Co-operative Coal Mining Company" and to enable the said Company to connect a Railway proposed to be constructed over land belong- ing to them with a certain Railway belonging to the '"' Newcastle Wallsend Coal Company." [9th December, 1862. ]

HEREAS a joint stock Company called "The New South Wales Co-operative Coal Mining Company' has been lately established at Newcastle 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 twenty-fifth day of November one thousand eight hundred and sixty-one purporting to be a deed of settlement of the said Company And whereas by the said deed of settlement the several parties thereto have respectively and mutually covenanted and agreed that they should whilst holding shares

1862. 26° VIC.

New South Wales Co-operative Coal Mining Company.

shares in the capital of the said Company be and continue until dis- solved under the provisions in that behalf therein contained a joint stock Company or partnership under the name and title of "The New South Wales Co-operative Coal Mining Company" for working or contracting for the working of the coal or other mines in or upon any lands 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 oy 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 other- wise disposing of all coal or other mincrals to be raised from any land belonging to or leased by the said Company for leasing or selling any such lands and for constructing railways roads wharfs and other matters necessary for the promotion of the object of the said Company and it was by the same deed of settlement agreed that the capital of the said Company should consist of thirty thousand pounds sterling to be contributed in six thousand shares of five pounds each and of such sum or sums of money as might thereafter be raised by the ereation and sale of new shares of the like amount as therein provided And whereas by the said deed of settlement provision has been 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 proprietors of the shares 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 accordingly 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 Legisla- tive Council and Legislative Assembly of New South Wales in Parlia- ment assembled and by the authority of the same as follows :—