374
THE HONGKONG GOVERNMENT GAZETTE, 8TH OCTOBER, 1864.
Registered Office of Company.
Notice of Situation
and for the payment of such Sums as may be required for the adjustment of the Rights of the Contributories amongst themselves, with the qualifications following; (that is to say,)
(1.) No past Member shall be liable to contribute to the Assets of the Company if he has ceased to be a Member for a period of One Year or upwards prior to the commencement of the Winding-up:
(2.) No past Member shall be liable to contribute in respect of any Debt or Liability of the Company contracted after the time at which he ceased to be a Member:
(3.) No past Member shall be liable to contribute to the Assets of the Company unless it appears to the Court that the existing Members are unable to satisfy the Contributions required to be made by them in pursuance of this Ordi-
nance:
(4.) In the case of a Company limited by Shares, no Contribution shall be required from any Member exceeding the Amount, if any, unpaid on the Shares in respect of which he is liable as a present or past Member:
(5.) In the case of a Company limited by Guarantee, no Contribution shall be required from any Member exceeding the Amount of the undertaking entered into on his behalf by the Memorandum of Association :
(6.) Nothing in this Ordinance contained shall invalidate any Provision contained in any Policy of Insurance or other Contract whereby the liability of individual Members upon any such Policy or Contract is restricted, or whereby the Funds of the Company are alone made liable in respect of such Policy or Contract:
(7.) No Sum due to any Member of a Company, in his Character of a Member, by way of Dividends, Profits, or otherwise, shall be deemed to be a Debt of the Company, payable to such Member in a case of Competition between himself and any other Creditor not being a Member of the Company; but any such Sum may be taken into Account, for the purposes of the final Adjustment of the Rights of the Contributories amongst themselves.
PART III.
MANAGEMENT AND ADMINISTRATION OF COMPANIES AND ASSOCIATIONS UNDER THIS ORDINANCE.
Provisions for Protection of Creditors.
XXXIX. Every Company under this Ordinance shall have a Registered Office to which all Communications and Notices may be addressed: if any Company under this Ordinance carries on business without having such an Office, it shall incur a Penalty not exceeding Fifty Dollars for every Day during which Business is so car- ried on.
XL. Notice of the Situation of such Registered Office, and of any change therein, of Registered Office. shall be given to the Registrar, and recorded by him: until such Notice is given the Company shall not be deemed to have complied with the Provisions of this Ordinance with respect to having a Registered Office.
Publication of Name
pany.
XLI. Every Limited Company under this Ordinance, whether limited by Shares by a Limited Com- or by Guarantee, shall paint or affix, and shall keep painted or affixed, its Name on the outside of every Office or Place in which the Business of the Company is carried on, in a conspicuous position, in Letters easily legible, and shall have its Name en- graved in legible Characters on its Seal, and shall have its Name mentioned in legible Characters in all Notices, Advertisements, and other Official Publications of such Company, and in all Bills of Exchange, Promissory Notes, Endorsements, Cheques, and Orders for Money or Goods purporting to be signed by or on behalf of such Com- pany, and in all Bills of Parcels, Invoices, Receipts, and Letters of Credit of the Com-
Penalties on
nonTM
pany.
XLII. If any Limited Company under this Ordinance does not paint or affix, and publication of Name. keep painted or affixed, its Name in manner directed by this Ordinance, it shall be liable to a Penalty not exceeding Fifty Dollars for not so painting or affixing its Name,
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