The New South Wales Shale and Oil Company's Act 1873 36 Vic (NSW)

1873. 36° VIC. 7

New South Wales Shale and Oil Company.

An Act to incorporate "The New South ¥: Som wars

SwaLe anp OIL

Wales Shale and Oil Company (Limited.") "=. [10th February, 1873.]

TEREAS a Joint Stock Company called "The New South Preamble.

Wales Shale and Oil Company (Limited)" has been 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 first day of November one thousand cight hundred and seventy-one purporting to be the deed of settlement of the said Company And whereas by the said deed of settlement the several partics thercto have respectively and mutually covenanted and agreed that they whilst holding shares in the capital of the said Company should become remain and continue until dissolved under the provisions in that behalf therein containcd a joint stock company for the express object of carrying on the business thereof under the name style and title of "The New South Wales Shale and Oil Company (Limited)" for the purpose of working or contracting for the working of the mincs of the said Company whether of coal shale or bituminous mineral and all other the lodes veins and strata of metallic or other ores and mincrals upon or under the surface of certain lands and hereditaments in the said deed of settlement mentioned and such other lands and hereditaments as might be there- after purchased or taken on lease or license by the said Company under the provisions of the said decd of settlement and also for the purpose of extracting the oils naphtha benzole paraffine and all other products obtainable from the said coal shale or other mincrals and of refining such oils and of erecting all such machinery as might be necessary for that purpose and also if deemed advisable to carry on the business of swphurice acid manufacturers or to manufacture all such other products as might be necessary in their btsiness and calling of manufacturers of oil and other products obtainable from the said coal and other mincrals and to lease or sell any such lands and to construct railways roads and wharfs and to do all other matters necessary for the promotion of the objects of the said Company and to purchase any metallic orcs or mincrals and to make advances on deposit or consignment thereof and to wash stamp or otherwise render merchantable the ores and minerals so gotten purchased or obtained and to smelt and refine such orcs and minerals and also to sell export .or otherwise dispose of all or any such coal shale ores and other minerals in such condition in such market and generally in such manner and form as the Board of Directors of the said Company should think most beneficial to the interests of the said Company and also if deemed expedient to carry on the business of smelting or otherwise preparing for market any ores or minerals belonging to other persons or bodies upon such terms as should be deemed advisable And whereas it was by the said decd of settlement agrecd that the capital of the Company should until increased under the provisions in the said deed of settlement contained consist of one hundred thousand pounds sterling to be divided into one hundred thousand shares of the amount of one pound cach And whereas by the said decd of scttlement provision has been made for the due manage- ment of the affairs of the said Company 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