CO129-245 - Acting Governor Fleming - 1890 [5-7] — Page 29

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Sub-enclosure to Enclosure a

Extract from the Law Times Newspaper of the 4th. January, 1890 p.172.

Private Bills altering Memoranduas of Association of Companies

The following is the Report (made at the close of

the last session) of the Select Committee appointed to consider and report under what circumstances or upon what conditions, if any, private bills altering the terms of the memorandum of association of companies ought to be allowed

to pass:

*That the Committe have met and have considered the

*matters to them referred, and have agreed to the following

*report:-

"That it is expedient that power be given by a gene-

"ral Act to companies incorporated under the Companies '

"Acts, to alter or extend by special resolution their memo-

"randum of association within the limits, and subject to the

"conditions hereinafter mentioned, subject to the confirma-

"tion of the High Court of Justice in England and Ireland,

#

and the Court of Session in Scotland, provided that every

*member of the Company, who by himself, or his authorised

"agent, has expressed his uissent from such special reso-

*lution at either of the meetings held for passing or con-

*firming the same, and every holder of debentures or deben-

*ture stock charged on the undertaking of the Company, and

*any person or class of persons whose interests will, in

"the opinion of the Court, be directly affected by the pro-

'posed alteration, should, subject to rules to be made for

"the purpose by the Court, have power to appear before the

*Court