328
and
registering under that Act are considered to have adopted in declaration the absence of any to the contrary, but which they are allowed to set aside in whole or in part at pleasure.
A legislative suggestion to Companies may be considered to contain approved provisions, and Articles of Association (as the Instrument constituting a Company is now called) so far as they adhere to it, may be considered approved.
A selected Articles of Association, which have in a great measure been based upon the form; and which (after having struck out what is inapplicable to a Company constituted where the Joint Stock Companies Act is not in force) I am prepared to recommend as a satisfactory model for the preparation of provisions applicable to Companies generally.
Neither the Articles of Association which I have selected, nor other deed or Articles registered here with which I am acquainted, contain provisions specially applicable to a Gas Company, as distinct from Companies for other purposes beyond the statement of business. In the several Acts, by which this Office has been governed, it has been the object of the Legislation to assimilate the Constitution of all Companies as much as possible, and in Table B already referred to it has supplied a general framework.