The Australasian Mineral Oil Company’s Incorporation Act of 1866 29 Vic (NSW)

1866. 29° VIC. 9

Australasian Mineral Oil Company's Incorporation.

An Act to incorporate the Australasian Mineral Avsmsuasux

Mivnerau O1n

Oil Company. [th April, 1866.] Conpany's Ixcon-

PORATION.

TEREAS a Joint Stock Company called the " Australasian Preamble.

Mineral Oil Company" has becn 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 twenty-fifth day of October in the year of our Lord one thousand eight hundred and sixty-five purporting to be the deed of settlement of the said Company And whereas by the said deed of settlement the several partics thereto have respectively and mutually covenanted and agreed that they whilst holding shares in the said Company shall be remain and continue a Joint Stock Company for the express object of carrying on the business thereof under the name style and title of the "Australasian Mineral Oi] Company" for extract- ing and manufacturing oils and other articles from with and out of mineral and other substances for refining any such oils and other articles for exporting selling and disposing of any such oils and articles refined or otherwise for purchasing and taking on lease and holding lands tene- ments mines and hereditaments for selling letting and disposing of the same for working or contracting for the working of the minerals in or upon any land or mines of which the said Company may from time to time be owners or lessecs for raising obtaining purchasing using export- ing selling and disposing of minerals and other substances and articles for testing the mining capabilities of any land purchased or taken on lease or intended to be purchased or taken on lease or the minerals whereon are or may be purchased or taken on lease or intended to be purchased or taken on-lease by the Company for purchasing making and erecting plant machinery apparatus buildings railways tramways roads wharves and other matters for any such purposes for obtaining loans with or without security and making other financial arrange- ments for any such purposes for establishing agencies branches and connections in relation to the said business for acting uniting or amalgamating with buying up or absorbing any other Company whether English or Australian' of which the objects are similar or analogous to those of the Australasian Mineral Oil Company and for doing and transacting all such matters and things as may be necessary for the purposes aforesaid and also such other business and purposes as the Board of Directors shall from time to time think fit and most beneficial for the interests of the said Company And it has been by the same deed of settlement agreed that the capital of the said Com- pany shall consist of seventy thousand pounds to be contributed in seven thousand shares of ten pounds cach And whereas by the same deed of scttlement 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 shareholders of the said Company And whereas the whole of the capital of seventy thousand pounds has been subscribed for 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 Legislative Council and Legis- lative Assembly of New South Wales in Parliament assembled and by the authority of the same as follows :—