London Flour Company Act 1800
(39 & 40 Geo. 3) C A P. XCVII.
[28th July 1800]
'WHEREAS the Establishment of a Manufactory for Flour, Meal, and Bread, inLondon , or its Neighbourhood, would be of considerable Benefit and Utility, and would greatly tend to insure to the Metropolis, and its Neighbourhood, a more regular Supply of Flour, Meal, and Bread at reasonable Prices: And whereas such Manufactory cannot be advantageously established and carried on, unless a considerable Joint Stock is raised for that Purpose: And whereas the several Persons herein-after named, and very many other Persons, have already agreed to become Subscribers thereto: And whereas it is expedient, for the more easily carrying on the said Manufactory, that the said several Persons, and such others as shall hereafter become Subscribers thereto, should be incorporated:' May it therefore please your Majesty that it may be enacted; and be it enacted by the King's most Excellent Majesty by and with the Adviceand Consent of the Lords Spiritual and Temporal, and Commons, in this present Parliament assembled, and by the Authority of the same, That SirRichard Neave , Sir John Call , Sir Robert Preston , Sir Frederick Eden , Baronets, John Hatsell, William Devaynes, Robert Biddulph, John Julius Angerstein, John Frere, Thomas William Coke, John Fane, Samuel Bosanquet, Magens Dorrien Magens, Edward Forster, George Hibbert, Job Mathew, Brook Watson, William Robinson, William Mackintosh, Thomas Boddington, Thomas King , Esquires, and Robert Sherson Doctor of Physick, and every other Person and Persons who shall hereafter either in their own Right, as original Subscribers to the same, or as Executors, Administrators, Successors, or Assigns, in Right of any such original Subscriber or Subscribers, become Proprietors of or interested in any Part or Share of the Joint Capital Stock or Fund herein-after mentioned, shall be one distinct and separate Body Politick and Corporate, in Deed and in Name, by the Name and Style of , and by the same Name they shall have Succession, and a Common Seal, and that they and their Successors may from Time to Time break, alter, make new, or change such Common Seal, as shall be found expedient; and that such Corporation shall be able and capable in Law to have, purchase, receive, take, and enjoy Lands, Tenements, and Hereditaments, of what Kind, Nature, or Quality soever, not exceeding the annual Value of two thousand Pounds, above all Charges and Reprizes, for the Use of the said Manufactory, without Licence to hold or enjoy the same in Mortmain, and that such Corporation may grant, sell, demise, alien, or dispose of such Lands, Tenements, or Hereditaments, or any Part thereof, at their free Will and Pleasure; and in their Corporate Name shall and may sue and implead, and may be sued and impleaded, answer and be answered, in all or any Courts of Record, and Places of Judicature within this Kingdom, in all Causes and Actions whatsoever, for, touching, or concerning the said Corporation, or the Manufactory to be by them carried on as aforesaid.
‘Company may raise not exceeding 120,000 l. to be divided into 4800 Shares, or Shares of 25 l. each, which shall be deemed Personal Estate. [See post , ∥ 23.] No Proprietor or Joint Proprietors shall hold more than 40 Shares; and if Persons becoming possessed of more do not dispose of the same in six Months, the Managers may sell them by Publick Auction, for the Benefit of the Persons entitled. ∥ 2. Proprietors to have Votes in proportion to their Shares, viz. a Proprietor of four and less than ten Shares, one Vote—of ten and less than twenty, two—of twenty and less than forty, three—of forty Shares four Votes. No Proprietor to vote who has not four Shares. ∥ 3. All Matters shall be determined by a Majority of Votes; Chairman on an equal Division to have the casting Vote. ∥ 4. Of Joint Proprietors he whose Name shall stand first in the Books of the Company shall be entitled to vote. ∥ 5. No Person shall vote on any...
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