ORDINANCE No. 1 of 1865.
Companies, &c. (Part I. Constitution, &c.)
memorandum of association deem expedient: the articles shall be expressed in separate paragraphs, numbered arithmetically: they may adopt all or any of the provisions contained in the table marked A in the first schedule hereto: they shall, in the case of a company, whether limited by guarantee or unlimited, that has a capital divided into shares, state the amount of capital with which the company proposes to be registered; and in the case of a company, whether limited by guarantee or unlimited, that has not a capital divided into shares, state the number of members with which the company proposes to be registered, for the purpose of enabling the Registrar to determine the fees payable on registration: In a company limited by guarantee or unlimited, and having a capital divided into shares, each subscriber shall take one share at the least, and shall write opposite to his name in the memorandum of association the number of shares he takes.
683
of table A.
15. In the case of a company limited by shares, if the memorandum of association is not accompanied by articles of association, or in so far as the articles do not exclude or modify the regulations contained in the table marked A in the first schedule hereto, the last-mentioned regulations shall, so far as the same are applicable, be deemed to be the regulations of the company in the same manner and to the same extent as if they had been inserted in articles of association, and the articles had been duly registered.
and effect of articles of association.
16. The articles of association shall be printed, and shall be signed by each subscriber in the presence of, and be attested by, one witness at the least, and when registered, they shall bind the company and the members thereof to the same extent as if each member had subscribed his name and affixed his seal thereto, and there were in such articles contained a covenant on the part of himself, his heirs, executors and administrators, to conform to all the regulations contained in such articles, subject to the provisions of this Ordinance; and all monies payable by any member to the company, in pursuance of the conditions and regulations of the company, or any of such conditions or regulations, shall be deemed to be in the nature of a specialty debt due from such member to the company.
General Provisions.
17. The memorandum of association and the articles of association, if any, shall be delivered to the Registrar hereinafter mentioned, who
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ORDINANCE No. 1 or 1865.
Companies, &c. (Part I. Constitution, Sc.)
memorandum of association deem expedient: the articles shall be expressed in separate paragraphs, numbered arithmetically: they may adopt all or any of the provisions contained in the table marked A in the first schedule hereto: they shall, in the case of a company, whether limited by guarantee or unlimited, that has a capital divided into shares, state the amount of capital with which the company proposes to be registered; and in the case of a company, whether limited by guarantee or unlimited, that has not a capital divided into shares, state the number of members with which the company proposes to be registered, for the purpose of enabling the Registrar to determine the fees payable on registration: In a company limited by guarantee or unlimited, and having a capital divided into shares, each subscriber shall take one share at the least, and shall write opposite. to his name in the memorandum of association the number of shares he takes.
683
of table A.
15. In the case of a company limited by shares, if the memorandum Application of association is not accompanied by articles of association, or in so far as the articles do not exclude or modify the regulations contained in the table marked A in the first schedule hereto, the last-mentioned regulations, shall, so far as the same are applicable, be deemed to be the regulations. of the company in the same manner and to the same extent as if they had been inserted in articles of association, and the articles had been duly registered.
and effect of articles of association.
16. The articles of association shall be printed, and shall be signed Signature, by each subscriber in the presence of, and be attested by, one witness at the least, and when registered, they shall bind the company and the members thereof to the same extent as if each member had subscribed his name and affixed his seal thereto, and there were in such articles contained. a covenant on the part of himself, his heirs, executors and administrators, to conform to all the regulations contained in such articles, subject to the provisions of this Ordinance; and all monies payable by any member to the company, in pursuance of the conditions and regulations of the com- pany, or any of such conditions or regulations, shall be deemed to be in the nature of a specialty debt due from such member to the company.
General Provisions.
17. The memorandum of association and the articles of association, Registration if any, shall be delivered to the Registrar hereinafter mentioned, who
of memo- randum of
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