Waratah Coal Company’s Incorporation Act 1863 27 Vic (NSW)

An Act to establish and incorporate a Company (,W¢A™.., to be called "The Waratah Coal Company" "= and to authorize the making of a Railway for the purposes of the said Company. [8th October, 1863. ]

EREAS the several persons hereinafter mentioned being pos- Preamble.

sessed of or entitled to certain large tracts of land situated in the Parish of Newcastie in the County of Northumberland in the Colony of New South Wales on which there are extensive fields of valuable coal have recently formed themselves into a Company for the purpose of working the same and have expended a large sum of money in making preparations for efficiently working the said coal fields and for conveniently and advantageously disposing of the coals to be obtained therefrom And whereas the said several persons are desirous of extending their operations and have agreed to form a Joint Stock Company under the name of "The Waratah Coal Company" having a capital of sixty thousand pounds in ten thousand shares of' six pounds each for the purpose of working the said coal fields and any other coal mines that the Company may hercafter acquire and they are desirous that the said Company should be established and incorporated under the provisions herein contained And whereas it has been further agrecd that the said lands shall be transferred to and become the property of the Company to be formed under this Act in considera- tion of the first five thousand shares of the capital of the said Company being allotted to and vested in the said several parties as paid-up shares in the proportion in which they are now respectively interested in the said lands And that the rolling stock machinery and all other property now belonging to the said several persons or which has been contracted for or ordered by them for the working of the said coal lields