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Private Act

Company

of the said undertaking periodically, to become and be divisible as here- PARLIAMENTAin is mentioned: Provided always, that the said directors for the time being of the said company shall have full power and authority from time to time, when and so often as they shall deem expedient, (establishing). to vary and transpose the funds or stock, or any of them, or any part thereof, in which the said monies or fund shall from time to time be invested, and also shall and may dispose of all or any part or parts of the said funds or stock, and convert the same into money for the purpose of answering every or any such extraordinary contingency or contingencies as aforesaid, as and when the same or any part thereof shall by the said directors be deemed necessary; any thing herein contained to the contrary notwithstanding.

And be it further enacted, That at every general meeting or some adjournment thereof, a dividend or dividends shall be made out of the clear residue (after deducting therefrom

part as herein is mentioned) of the profits or advantages of the said company, unless such general meeting shall declare otherwise; and such dividend or dividends shall be at and after the rate of so much for every share held by the members thereof, their executors, administrators, successors or assigns, as such meeting or meetings shall think fit to appoint and determine: provided always, that no dividends shall be paid in respect of any share or shares, after any call for money in respect of such share or shares shall have become due and payable, until such call be paid; provided also, that no dividend shall be made whereby the capital of the said company shall be in any degree reduced or impaired.

And be it further enacted, That the said company shall have full power and authority from time to time, at any of their general meetings as aforesaid, to make such rules, orders any by-laws as to them shall seem meet and proper for regulating the proceedings of the said directors, and for the regulating of all officers, workmen and servants to be employed in or about the affairs and business of the said company, and for the superintendance and management of the said undertaking in all respects whatsoever, and from time to time to alter or repeal such rules, orders and by-laws, or any of them, and to make others, as to the share-holders of the said company at a general meeting shall seem meet and expedient; and all rules, orders and by-laws so made as aforesaid, (being reduced into writing, and signed by the chairman present at any such meeting,) shall be binding upon all persons, and shall be sufficient in any court of law or equity to justify all persons who shall act under the same: provided always, that such rules, orders and by-laws be not repugnant

Dividends to be

declared at the yearly meetings.

General meetings may make by-laws.

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to the laws of the United Kingdom of Great Britain and Ireland, or any of the express directions or provisions of this act; provided also, that copies thereof shall be printed, fixed, and continued in (establishing). the office of the said company.

Private Act
Company

Reports of lands purchased to be made to Parlia

ment.

Powers vested in company by

be alienable.

Provided always, and be it further enacted, That the directors for the time being of the said company shall and they are hereby required, once in every years, to make a true and correct statement and report, in writing, of the quantity of land, and number and nature of the houses and buildings belonging to the said com. pany, and where the same shall be respectively situate, and also to deliver a copy of such statement and report to the King in counsel, and also to both Houses of Parliament.

Provided always, and be it further enacted, That it shall not be this act shall not lawful for the said company of proprietors at any time hereafter to sell or dispose of any of the rights, privileges, powers or authorities vested in them by this act, or any of them, to any other company now existing, or which may hereafter be established for the purposes aforesaid, or to any person or persons whomsoever.

Expences of the act how to be

paid.

Public act.

And be it further enacted, That all the costs, charges and expenses attending the applying for, obtaining and passing this act shall be paid and discharged by the said directors out of the monies subscribed for the purposes of this act.

And be it it further enacted, That this act shall be deemed and taken to be a public act, and shall be judicially taken notice of as such by all judges, justices and others, without being specially pleaded.

No. CCCCVIII.

An Act for enabling a Company or private person to make a Railway or Tram-Road (1).

1. Notice of intended application to Parliament (2).

NOTICE is hereby given, that application is intended to be made to Parliament in the next session, for leave to bring in a bill for making and maintaining a railway or railways or tram-road or tram-roads, with proper works and conveniences for the passage of waggons,' carts, and other carriages properly constructed, to commence at in the

parish of

near

and to pass through the several parishes, hamlets, or places of [naming them], in the county

PARLIAMENTA

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Private Act

Company (establishing).

the same, the one to commence at, &c. and passing through, &c. to

and the other to commence, &c. &c. [as the case may be].

If the act be to amend or alter a prior act, see post. "REPEALING Amendment.

ACT."

PARLIAMENTA

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Private Act
Company

certain place called

, in the said county of

in the parish of

for the passage of waggons, carts, and other carriages. AND [if so] (establishing) also for constructing a public wharf or wharfs at

in the said county

Branches.

(Solicitor).

To, &c. (2).

2. THE PETITION TO PARLIAMENT (1).

The humble Petition of the several persons whose names are hereunto subscribed, being owners and proprietors of estates in the county of

and

also of the merchants, traders and others resident in in the county of

SHEWETH,

That the making and maintaining of a railway or railways, or tramroad or tram-roads with proper works and conveniences for the passage of waggons, carts, and other carriages properly constructed,

(1) See ante, "PRACTICAL DIRECTIONS," chap. II. sec. iii. pl. 2.
(2) See ante, p. 46.

(3) If there is intended to be branches from the railways, add,
"Together with collateral branches from and out of the said

railway or railways, tram-road or tram-roads, the one commencing at
or near, &c. and passing through, &c. and terminating at or near, &c.
[as the case may be], and the other commencing, &c. &c.

in

for the passage of waggons, carts, and other carriages [and also (if
80) for constructing a public wharf or wharfs on the
which said wharf or wharfs will be in the parish of
the county of
], would not only be of
advantage to your petitioners but would tend to the improvement of
the trading and manufacturing interest in this part of the country,
by opening a speedy and safe conveyance for goods and merchan-
dize, and which your petitioners humbly conceive would be of great
public utility.

Your Petitioners therefore, &c. (1).

PARLIAMENTA

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Private Act

Company (establishing).

3. THE BILL.

An Act for making and maintaining a Railway or Tram-Road

WHEREAS the making and maintaining of a railway or tram-road, Preamble. for the passage of waggons and other carriages from

in the parish of

parish of

[if so] with

collateral branches from the said railway or

tram-road, one to commence from or near a certain place called

called

and to terminate at or near a certain place and the other of the said collateral branches to commence &c. &c. would be of great public utility, by facilitating the conveyance of coal, slate, stone and other commodities from the interior of the said county of

to the

and to several other towns and places in the said county, and also the conveyance of corn, iron, lime, and other merchandize from the said town and port of

and from the town of
&c. [as the case may be];
and will materially assist the agricultural and commercial interest, as
well as the general traffic of that part of the country, and tend to the
improvement of the estates and property in the vicinity of the said

(1) See ante, p. 46.