COMPANIES.
No. 58 of 1911.
2013
(iii) any contract which if made between private persons would by law be valid although made by parol only, and not reduced into writing, may be made by parol on behalf of the company by any person acting under its authority, express or implied, and may in the same manner be varied or discharged.
(2) All contracts made according to this section shall be effectual in law, and shall bind the company and its successors and all other parties thereto, their heirs, executors, or administrators as the case may be.
change and promissory
79. A bill of exchange or promissory note shall be deemed Bills of ex- to have been made, accepted, or indorsed on behalf of a company if made, accepted, or indorsed in the name of, or by or on behalf or on account of, the company by any person acting under its authority.
8 Edw. 7, c. 69, s. 77.
of deeds
c. 69, s. 78.
80. A company may, by writing under its common seal, Execution empower any person, either generally or in respect of any abroad. specified matters, as its attorney, to execute deeds on its behalf in any place not situate in the Colony, or, in the case of a China company, not situate within the limits of the China Orders in Council; and every deed signed by such attorney, on behalf of the company, and under his seal, shall bind the company, and have the same effect as if it were under its common seal.
have official
abroad.
c. 69, s. 79.
*
81.-(1) A company whose objects require or comprise the Power for transaction of business outside the Colony, or a China company to company whose objects require or comprise the transaction seal for use of business outside the limits of the China Orders in Council, may, if authorised by its articles, have for use in any territory, district, or place not situate in the Colony, or, in the case of a China company, not situate within the limits of the China Orders in Council, an official seal, which shall be a facsimile of the common seal of the company, with the addition on its face of the name of every territory, district, or place where it is to be used.
(2) A company having such an official seal may, by writing under its common seal, authorise any person appointed for the purpose in any territory, district, or place not situate in the Colony, or, in the case of a China company, not situate
* As amended by No. 31 of 1915,
COMPANIES.
No. 58 of 1911.
2013
(iii) any contract which if made between private persons would by law be valid although inade by parol only, and not reduced into writing, may be made by parol on behalf of the company by any person acting under its authority, express or implied, and may in the same manner be varied or discharged.
(2) All contracts made according to this section shall be effectual in law, and shall bind the company and its successors and all other parties thereto, their heirs, executors, or administrators as the case may be.
change and promissory
79. A bill of exchange or promissory note shall be deemed Bills of ex- to have been made, accepted, or indorsed on behalf of a company if made, accepted, or indorsed in the name of, or notes. by or on behalf or on account of, the company by any person acting under its authority.
8 Edw. 7, c. 69, s. 77.
of deeds
c. 69, s. 78.
80. A company may, by writing under its common seal, Execution empower any person, either generally or in respect of any abroad. specified matters, as its attorney, to execute deeds on its 8 Edw. 7, behalf in any place not situate in the Colony, or, in the case of a China company, not situate within the limits of the China Orders in Council; and every deed signed by such attorney, on behalf of the company, and under his seal, shall bind the company, and have the same effect as if it were under its common seal.
have official
abroad.
c. 69, s. 79.
*
81.-(1) A company whose objects require or comprise the Power for transaction of business outside the Colony, or à China company to company whose objects require or comprise the transaction seal for use of business outside the limits of the China Orders in Council, 7. may, if authorised by its articles, have for use in any territory, district, or place not situate in the Colony, or, in the case of a China company, not situate within the limits of the China Orders in Council, an official seal, which shall be a facsimile of the common seal of the company, with the addition on its face of the name of every territory, district, or place where it is to be used.
(2) A company having such an official seal may, by writing under its common seal, authorise any person appointed for the purpose in any territory, district, or place not situate in the Colony, or, in the case of a China company, not situate
* As amended by No. 31 of 1915,
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