Sydney United Omnibus Company's (Limited) Incorporation Act 1872 36 Vic (NSW)

An Act to incorporate the Sydney United S270. Omnibus Company (Limited) and for other e="™ purposes therein mentioned. [9th Aagust,

1872. |

ITEREAS a Joint Stock Company called " The Sydney United Preamble.

Omnibus Company (Limited) " has lately been established in

Sydney in the Colony of New South Wales in accordance with and subject to the rules regulations and provisions contained in a certain deed of settlement bearing date the fifteenth day of April one thousand eight hundred aud seventy-two and purporting to be the deed of settlement of the said Company And whereas by the said deed of scttlement the several parties thereto have respectively and mutually covenanted and agreed that they should whilst holding shares in the capital of the said Company become and continue until dissolved under the provisions in that behalf therein contained a Joint Stock Company under the name style and title

Interpretation of terms.

"Company."

" Directors."

"Shareholder."

"Deed of settlement."

Incorporation of Company.

36° VIC. 1872.

Sydney United Omnibus Company' s Tneoi poration.

title of "The Sydney United Omnibus Company (Limited)"' for the purpose of establishing and maintaining a first-class service of omni- buses and such other vehicles as may be considered suitable for the carriage of passengers to and fro in and through the chief business thoroughfares in the City and suburbs of Sydney and generally for the conduct of all omnibus business on an enlarged and improved scale in the said City and suburbs within a distance of eight miles from the corporate boundaries of the said City And whercas it was by the said deed of settlement agrced that the eapital of the said Company should (until increased under the provisions in the said deed of settlement contained) consist of thirty thousand pounds sterling to be contributed in thirty thousand shares of one pound each and of which shares twenty-one thousand were allotted as proprietors shares to the persons and in the manner in the said deed specified and the remaining nine thousand were allotted to those shareholders who should execute the said deed And whereas by the said deed provision has been made for the due management of the affairs of the said Com- pany by certain Directors and Auditors already appointed and by other Directors and Auditors to be from time to time elected and appointed as their successors by the shareholders of the said Company And whereas the said Company is desirous of being incorporated as a Com- pany with limited liability and it is expedient that the said Company should be incorporated accordingly 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 :—