696
Copies of special resolutions.
Execution of deeds abroad.
Examination of affairs of company by Inspectors.
ORDINANCE No. 1 of 1865.
Companies, &c. (Part III. Management, &c.)
within fifteen days from the date of the confirmation of the resolution, the company shall incur a penalty not exceeding twenty-five dollars for every day after the expiration of such fifteen days during which such copy is omitted to be forwarded, and every director and manager of the company who shall knowingly and wilfully authorize or permit such default shall incur the like penalty.
54. (53.) Where articles of association have been registered, a copy of every special resolution for the time being in force shall be annexed to or embodied in every copy of the articles of association that may be issued after the passing of such resolution: Where no articles of association have been registered, a copy of any special resolution shall be forwarded in print to any member requesting the same on payment of one dollar, or such less sum as the company may direct: And if any company makes default in complying with the provisions of this section it shall incur a penalty not exceeding twenty-five dollars for each copy in respect of which such default is made; and every director and manager of the company who shall knowingly and wilfully authorize or permit such default shall incur the like penalty.
55. (54.) Any company under this Ordinance may, by instrument in writing under its common seal, empower any person, either generally or in respect of any specified matters, as its attorney, to execute deeds on its behalf in any place not situate in this Colony; and every deed signed by such attorney, on behalf of the company, and under his seal, shall be binding on the company, and have the same effect as if it were under the common seal of the company.
56. (55.) His Excellency the Governor may appoint one or more competent inspectors to examine into the affairs of any company under this Ordinance, and to report thereon, in such manner as His Excellency may direct, upon the applications following; (that is to say,)
(1.) In the case of a banking company that has a capital divided into shares upon the application of members holding not less than one third part of the whole shares of the company for the time being issued: [Repealed by Ordinance No. 2 of 1866.]
(2.) (1.) In the case of any other company that has a capital divided into shares, upon the application of members holding not less than one fifth part of the whole shares of the company for the time being issued:
696
Copies of special resolutions.
Execution of deeds abroad.
Examination. of affairs of company by Inspectors.
ORDINANCE No. 1 or 1865.
Companies, &c. (Part III. Management, &c.)
within fifteen days from the date of the confirmation of the resolution, the company shall incur a penalty not exceeding twenty-five dollars for every day after the expiration of such fifteen days during which such copy is omitted to be forwarded, and every director and manager of the company who shall knowingly and wilfully authorize or permit such default shall incur the like penalty.
54. (53.) Where articles of association have been registered, a copy of every special resolution for the time being in force shall be annexed be to or embodied in every copy of the articles of association that may issued after the passing of such resolution: Where no articles of association have been registered, a copy of any special resolution shall be forwarded in print to any member requesting the same on payment of one dollar, or such less sum as the company may direct: And if any company makes default in complying with the provisions of this section it shall incur a penalty not exceeding twenty-five dollars for each copy in respect of which such default is made; and every director and manager of the company who shall knowingly and wilfully authorize or permit such default shall incur the like penalty.
55. (54.) Any company under this Ordinance may, by instrument in writing under its common seal, empower any person, either generally or in respect of any specified matters, as its attorney, to execute deeds on its behalf in any place not situate in this Colony; and every deed signed by such attorney, on behalf of the company, and under his seal, shall be binding on the company, and have the same effect as if it were under the common seal of the company.
56. (55.) His Excellency the Governor may appoint one or more competent inspectors to examine into the affairs of any company under this Ordinance, and to report thereon, in such manner as His Excellency. may direct, upon the applications following; (that is to say,)
(1.) In the case of a banking company that has a capital divided into shares upon the application of members holding not less than one third part of the whole shares of the company for the time being issued : [Repealed by Ordinance No. 2 of 1866.]
(2.) (1.) In the case of any other [Repealed by Ordinance No. 2 of 1866] company that has a capital divided into shares, upon the application of members holding not less than one fifth
part of the whole shares of the company for the time being issued:
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