the-ordinances-of-the-legislative-counci-1890v4 — Page 241

2058 ORDINANCE No. 30 OF 1886 .


Companies.


and if paid into a Bank an account shall be opened there accordingly and an office
copy of the order shall be lodged at such Bank.
Certificate of
security given. 13. When an official liquidator has given security pursuant to the directions in
[Ibid, v. 12.1
the order appointing him, the same shall be certified by the Registrar as in the case
of a receiver appointed in a suit subject to giving security.
Fresh security 14. The official liquidator shall on each occasion of passing his account and also
when required.
|ibid, r. 13.] whensoever the Judge may so require, satisfy the Judge that his sureties are living, and
resident in the Colony and have not been adjudged bankrupt or become insolvent, and
in default thereof he may be required to enter into fresh security within such time as
sball be directed .
Advertisement 15. Every appointment of an official liquidator shall be advertised in such manner
ofappointment
made,
[Ibid, r. 14.] as the Judge shall direct, immediately after he has been appointed, and has given
security.
Provisional 16. Where it is desired to appoint provisionally an official liquidator an applica
official
liquidator. tion for that purpose may, at any time after the presentation of the petition for
[ bid, r. 15.]
winding-up the company, be made by summons, without advertisement or notice to
any person, unless the Judge shall otherwise direct ; and such provisional official liqui
dator may, if the Judge shall think fit, be appointed without security.
Vacancy in 17. In case of the death, removal, or resignation of an official liquidator another
office of official
liquidator. shall be appointed in his room, in the same manner as directed in the case of a first
[Ibid, r. 16. ]
appointment , and the proceedings for that purpose may be taken by such party
interested as may be authorized by the Judge to take the same.
Accounts. 18. The official liquidator shall, with all convenient speed after he is appointed ,
[Ibid, r. 17.]
proceed to make up, continue, complete, and rectify the books of account of the com
pany, and shall provide and keep such books of account as shall be necessary, or as the
Judge may direct, for the purposes aforesaid, and for shewing the debts and credits of
the company, including a ledger which shall contain the separate accounts of the con
tributories, and in which every contributory shall be debited from time to time with
the amount payable by him in respect of any call to be made as provided by The
Companies Ordinances 1865 to 1886 and these rules.
Remuneration 19. The official liquidator shall be allowed in his accounts, or otherwise paid ,
ofliquidator.
[Ibid, r. 18. such salary or remuneration as the Judge may from time to time direct including any
necessary employment of assistants or clerks by the official liquidator, to which regard
shall be had, and such salary or remuneration may either be fixed at the time of his
appointment, or at any time thereafter, as the Judge may think fit. Every allowance
of such salary or remuneration , unless made at the time of his appointment, or upon
passing an account, shall be made upon application for that purpose by the official
liquidator, on notice to such persons (if any) , and supported by such evidence as the
Judge shall require : nevertheless, the Judge may from time to time allow any sum he
may think fit to the official liquidator, on account of the salary or remuneration to be
thereafter allowed.