Chester and Holyhead Railway Act 1844

Publication Date:January 01, 1844
Chester and Holyhead Railway Act 1844

(7 & 8 Vict.) c. lxv

An Act for making a Railway from Chester to Holyhead.

[4th July 1844]

ANNO SEPTIMO & OCTAVO VICTORLE REGINA. *************************************************** Cap. lxv. An Act for making a Railway from Ckester to Holyhead. [4th July 1844.] W HEREAS the Constraction of a Railway from Chester to Holyhead would be of great public Advantage, by expediting and facilitating the Communication between London and other important Towns and Ireland: And whereas the several Persons herein-after named, with other Persons and Corpora- tions, are willing at their Expence to carry the said Undertaking into execution, if authorized and empowered by Parliament so to do: May it therefore please Your Majesty that it may be enacted; and be it enacted by the Queens most Excellent Majesty, by and with the Advice and Consent of the Lords Spiritual and Temporal, and Commons, in this present Parliament assembled, and by the Authority of the same, That William Rickford Collett Esquire, William Henri incorpora- Thomas Esquire, William Thompson Esquire, Sir John Josiah Guest tion of the Baronet, Adam Duff Esquire, Edward Cropper, Andrew Johnstone, Company. George Carr Glyn, Robert Garnett, Pascoe St. Leger Grenfell, James Brownell Boothby, William Jackson, Christopher Hird Jones, John Laird, Joseph Frederick Ledsam, Constantine Richard Moorsom, William Potter, Thomas Smith, and all other Persons and Corporations who have subscribed or who shall hereafter subscribe towards the said Undertaking, and their several Successors, Executors, Administrators, [Locol] 31 Q and 2822 7 & 8 VICTORIA, Cap.tev. and Assigns, shall be and they are hereby united into a Company for making and maintaining the said Railway, and other Works by this Act authorized, and for other the Purposes herein declared, according to the Provisions of this Act, and for that Purpose shall be incor-porated by the Name of " The ehester and Holyhead Railway Company," and by that Name shall be a Body Corporate with perpetual Succession, and shall have Power to purchase and hold Lands for the Purposes of the said Undertaking within the Restrictions herein-after contained. Capital. IL And whereas the estimated Expence of making the said Rail- way and Works is Two million one hundred thousand Pounds; be it enacted, That Two mhen one hundred thousand Pounds shall be the Capital of the said Company. Shares. III. And be it enacted, That the said Capital shall be divided into Forty-two thousand Shares, each of the Amount of Fifty Pounds; and such Shares shall be numbered in arithmetical Progression, beginning with Number One; and every such Share shall be distinguished by its appropriate Number. Shares to be IV. And be it enacted, That all Shares in the Undertaking shall Personal ^ personai Estate, and transmissible as such, and shall not be of the Nature of Real Estate. - Share- V. And be it enacted, That every Person who shall have subscribed holders. or snarj subscribe the Sum of Fifty Pounds or upwards to the Capital of the Company shall be deemed a Shareholder of the Company, and shall be entitled to have One Share therein allotted to him in respect of every Sum of Fifty Pounds so subscribed by him. London and VI. And whereas the London and Birmingham Railway Company Birmingham naye ^^ t0 SUDScribe the Sum of One million Pounds towards the Company sa^ Undertaking, if authorized by Parliament so to do; be it there-authorized fore enacted, That it shall be lawful for the said last-mentioned Com-to subscribe pany to subscribe towards and become Shareholders in the said sliares000 Undertaking, either in their own Name, or in the Names or Name of any Persons or Person to be appointed by them, to the Extent so agreed to be subscribed by them as aforesaid, or to any less Extent. pose and to raise VII. And be it enacted, That for such Purpose it shall be lawful the Money for tne SSL\& Jj0nm an i Birmingham Railway Company to raise all u" or any Part of the Money so agreed to be subscribed by them as aforesaid by the Creation of new Shares or Stock in the Undertaking of the said London and Birmingham Railway, of such Amount and under such Conditions, and particularly as to the Dividends thereon, whether the same shall be fixed or rateable, and as to the Rights of voting and other Privileges to be conferred on the Holders of such Shares or Stock, as the said London and Birmingham Railway Company, at any Special General Meeting of the Proprietors therein to be convenedfor the Purpose, shall determine; or it shall be lawful for the said last-mentioned Company, if they think fit, to raise the said Sum, 4 or 7 & 8 VICTORIA CapAxv. 2823 or any Portion thereof, by Mortgage of the Undertaking of the said London and Birmingham Railway, in like Manner and under and subject to the same Provisions as they are by all or any of the Acts relating to the said Undertaking authorized to raise Money by Mortgage on the Credit thereof: Provided always, that the said London and Birmingham Railway Company shall not by such Means increase the Amount which may be owing at any one Time on Mortgage of their Undertaking beyond the Proportion of One Third of their then existing Capital in Shares and Stock. VIIL And be it enacted, That the Company shall keep a Book, Registry ot to be called the " Register Book of Shareholders," and in such Book ?h5e* shall be fairly and distinctly entered from Time to Time the Names of the several Corporations, and the Names and Additions of the several Persons, being Shareholders of the Company, the Number of Shares to which such Shareholders shall be respectively entitled, distinguishing each Share by its Number, and the Amount of Sub-scriptions paid on such Shares; and such Book shall be authen-ticated by the Common Seal of the Company being affixed thereto; and such Authentication shall take place at the first Ordinary Meeting or at some subsequent Meeting of the Company. IX. And be it enacted, That in addition to the said Register of Addresses Shareholders the Company shall provide a proper Book, to be called of .s,ha'e" the " Shareholders Address Book," in which the Secretary shall from Time to Time enter the Places of Abode of the several Shareholders of the Company; and every Shareholder, or if such Shareholder be a Corporation the Clerk or Agent of such Corporation, may at all cnvenient Times peruse such Book gratis, and may require a Copy thereof or of any Part thereof; and for every One hundred Words so required to be copied the Company may demand a Sum not exceeding Sixpence. X. And be it enacted, That on Demand of the Holder of any Certificate Share, the Company shall cause a Certificate of the Proprietorship of ares' such Share to be delivered to such Shareholder, and such Certificate shall have the Common Seal of the Company affixed thereto, and such Certificate shall specify the Share in the Undertaking to which such Shareholder is entitled, and the same may be according to the Form in the Schedule (A.) to this Act annexed, or to the like Effect; and for such Certificate the Company may demand any Sum not exceeding Two Shillings and Sixpence. XL And be it enacted, That such Certificate shall be admitted in Certificateto all Courts as prima fade Evidence of the Title of such Shareholder, beEvtdence. his Executors, Administrators, Successors, or Assigns, to the Share therein specified; nevertheless the Want of such Certificate shall not prevent the Holder of any Share from disposing thereof. XII. And be it enacted, That if any such Certificate be worn out Certificateto or damaged, then upon the same being produced at some Meeting of be renewed the Directors such Directors may order the same to be cancelled, and ^"ed thereupon another simiiar Certificate shall be given to the Party in whom 2324 7 & 8 VICTORIA, Cap.hv. whom the Property of such Certificate, and of the Share therein men tioned, shall be at the Time vested, or if such Certificate be lost or destroyed, then upon Proof thereof a similar Certificate shall be given to the Party entitled to the Certificate so lost or destroyed, and in either Case a due Entry of the substituted Certificate shall be made by the Secretary in the Registry of Shareholders; and for every such Certificate so given or exchanged the Company may demand any Sum not exceeding Two Shillings and Sixpence. Transfers of XIII. And be it enacted, That, subject to the Regulations herein SharestobeJ contained, every Shareholder may seil and transfer his Shares in the registered, Railway by Deed duly stamped, in which the Consideration shall be &c' truly stated, and such Deed may be according to the Form in the Schedule (B.) to this Act annexed, or to the like Effect; and the same (when duly executed) shall be delivered to the Secretary, and be kept by him, and the Secretary shall enter a Memorial thereof in a Book, to be called the " Register of Transfers," and shall endorse such Entry on the Deed of Transfer, and for every such Entry and Endorsement the Company may demand any Sum not exceeding Two Shillings and Sixpence; and on the Request of the Purchaser of any Share an Endorsement of such Transfer shall be made on the Certificate of such Share, instead of a new Certificate being granted, and for such Endorsement the Company may demand any Sum not exceeding Two Shillings and Sixpence; and such Endorsement, being signed by the Secretary, shall be considered in every respect the same as a new Certificate; and until such Transfer have been so delivered to the Secretary as aforesaid the Purchaser of the Share shall not be entitled to receive any Share of the Profits of the said Undertaking, or to vote in respect of such Share. Transfersnot XIV. And be it enacted, That no Shareholder shall be entitled to be made to transfer any Share until he shall have paid all Calls for the Time Calls paid teing due on every Share held by him. Ciosing of XV. And be it enacted, That the Directors may...

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