the-ordinances-of-the-legislative-counci-1890v2 — Page 297

COMPANIES. ( 30 OF 1886.] SS7

Delivery out of securities, and payment out and inrestment of moneys.
43. All bills, notes, and other securities delivered into Court or to any Cheques
requests .
and
such bank as aforesail, shall be delivered out upon a request signed by the a bid, r . 42.)
official liquidator, and countersigned by the Registrar and moneys placed to
the account of the official liquidator shall be paid ont upon cheques or orders
signed by the official liquidator and countersigned by the Registrar.
44. All or any part of themoney for the time being standing to the credit Investment,
[ 43.
of the account of the official liquidator in Court or at any such bank as afore
said and not immediately required for the purposes of the winding -up, may
be invested as the Court may direct in the name of the official liquidator.
All such investments shall be made upon a request signed by the official
liquidator, and countersigned by the Registrar and which request shall be a
sufficient authority for debiting the account with the purchase money and the
securities share-certificates or other documents representing such investments
shall be retained by or deposited with the Registrar or such bank as aforesaid
in the name and on behalf of the official liquidator and such investments shall
not afterwards be sold or transferred or otherwise dealt with except upou at
direction for that purpose signed by the oflicial liquidator and countersigned
by the Registrar or under an order to be made by the Judge.
45. All dividends and interest to acerne due upon any such investments dividends.
Receipt of
shall from time to time be received by the Registrar or by such bauk as afore [ Ibid . r. 44.)
said under a power of attorney to be executed by the oflicial liquidator and
placed to the credit of the account of such official liquidator.
Meetings of creditors or contributories.
46. When the Judge shall direct a meeting of the creditors or contribn- Notice.
tories of the company to be summoned under the 88th or 137th section of Ibid. r.45.]
“ The Companies Ordinance 1865 " ; the official liquidator shall give notice in
writing seven clear days before the day appointed for such meeting, to every
crelitor or contributory, of the time and place appointed for such meeting,
and of the matter upon which the Judge desires to ascertain the wishes of
the creditors or contributories ; or, if the Judge shall so direct, such notice
may be given by advertisement in which case the object of the meeting need
not be stated, and it shall not be necessary to insert such advertisement in
the Gazette.

47. The votes of the creditors or contributories of the company at any Votes.
( 1 bid , r. 46. ]
meeting summoned by the direction of the Judge, inay be given either per
sonally or by proxy but no creditor shall appoint a proxy who is not a crelitor
of the company whose debt or claim has been allowel, and no contributory
shall appoint a proxy who is not a contributory of the company,
48. The direction of the Judge for any meeting of creditors cr contribu- Nemorandum as
tories under the 88th or 137th section of " The Companies Ordinance 1865 " toing.calling meet.
and the appointment of a person to act as chairman of any such meeting, [ibid. r. 47.}
shall be testified by a memorandum signed by the Registrar.
Direction or sanction of the Judge.
49. The sanction of the Judge to the drawing, accepting, making and bill of exchange
iudorsing of any bill of exchange or promissory note by any official liquidator note
orpromissory
.
sball be testified by a memorandum on such bill of exchange, or promissory [Ibid.r. 48.)
note , signed by the Registrar.
50. Every application for the sanction of the Judge to a compromise with [compromise.
1 bid r. 49. )
any contributory or other person indebted to the company shall be supported
by the affidavit of the official liquidator that he has investigated the affairs
of such contributory or person ,and stating his belief that the proposeil com