Manly Gas Company Limited (Amendment) Act 1931 (NSW)

George V.

Manly Gas Company Limited (Amendment) Act.

MANLY GAS COMPANY LIMITED (AMENDMENT) ACT.

An Act to amend the Manly Gas-light and Coke Company (Limited) Act of 1884. [Assented to, Ist April, 1931.]

V 7JUWEREAS the Manly Gas-light and Coke Company (Limited) was incorporated under the Companies Acts of the State of New South Wales on the twenty-cighth day of August, one thousand eight hundred and cighty-three And whereas an Act to enable the Manly Gas-light and Coke Company (Limited) to construct gas-works within and to supply and light with gas the Borough and Suburbs of Manly was duly passed on the twentieth day of Junc, one thousand eight hundred and cighty-four, and section twenty-six of the said Act provides that it may be cited as the " Manly Gas-light and Coke Company (Limited) Act of 1881"? And whereas the said Company erected the said gas-works and has ever since continued to supply gas under the powers and authorities and subject to the duties and obligations provided by the said Act And whereas the name of the Manly Gas-light and Coke Company (Limited) was by special resolution duly passed in the year one thousand nine hundred and eight changed to the Manly Gas Company Limited and the Company is now registered under that name And whereas the said Company has from time to time inercased its capital by the issue of new shares and the authorised capital of the Company is now three hundied thousand pounds (£300,000) divided into three hundred thousand (300,060) shares of one pound (£1) each of which two hundred and sixty thousand (269,009) shares have been issued And whereas the said Company is desirous

Manly Gas Company Limited (Amendment) Act.

desirous of raising money for the purposes of carrying out its undertaking under the said Act on the security of its assets including such undertaking but is unable to give full security over such assets by reason of the fact that under the said Act the powers authorities duties and obligations in respect of the said undertaking are vested in and imposed on the said Company without including its assigns And whereas it is desirable that such powers authorities dutics and obligations under the said Act should be vested in and imposed on the assigns of the said Company Be it therefore enacted by the King's Most Excellent Majesty by and with the advice and consent of the Legislative Council and Legislative Assembly of New South Wales in Parlia- ment assembled and by the authority of the same as follows :—