Land Company of Australasia (Limited) Act of 1890 54 Vic (NSW)

4890. of VIC.

_Land Company of Australasia (Limited).

An Act to authorize the " Land Company of Australasia (Limited)" to divide its shares into classes, with the right to attach to such classes special privileges or priority as to the capital, redemption of capital, or dividends, and preferential, guaranteed, fixed, deferred, or other dividends. [20th December, 1890. |

\ TIEREAS the "Land Company of Australasia (Limited), (herc-

inafter called "the Comps my') was on the ninth day of Apri, one thousand eight hundred and cighty-five duly incorporatec under the provisions of the "Companies Act," and the objects for which the Company was established are defined in clause two of the memorandum of association as follows :—The acquiring by purchase, case, or otherwise of land, houses, stock, or other real or persona svoperty ; the erecting, enlargement, alteration, destruction, or improvement of houses or other buildings; the converting, appro- priating, selling, leasing, mortgaging, improving, working, or otherwise using all or any of the real ov personal property, capit: il, and acerucc profits of the Company, into, for, or as any purpose the Court or Boar may from time to time consider advisable; the lending of money, he borrowing of money, the receiving of money on deposit or other- wise, and the issue of promissory notes, transferable ov not transferable bonds, debentures, stock, or any other securities based upon all or any of the real or personal property, or other assets, or on the credit of the Company; the buying or absorbing of the selling to, or amalgamating with, any other limited Company or institution formed or to be formed 'or any lawful purpose (that of mining excepted); the establishment or disestablishment of branches, agencies, and connections ; the doing, transacting, or carrying out all or any of the objects above-mentioned or inferred in the Colony of New South Wales, or if the Court direct in any other country, city, or place: And whereas the Company is desirous of obtaining powers to enable it to divide any shares in the capital for the time 'being of the Company into several classes, with the right to attach thereto such special privileges or priority as to the capital, redemption of capital, or dividends, and such preferential, guaranteed, fixed, deferred, or other dividends as may be determined from time to time by the Company: 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 follow si —