the-ordinances-of-the-legislative-counci-1890v4 — Page 246

ORDINANCE No. 30 OF 1886 . 2063


Companies.


44. All or any part of the money for the time being standing to the credit of the Investment.
[Ibid, r. 43.]
account ofthe official liquidator in Court or at any such bank as aforesaid 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 invest
ments 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 upon a direction for
that purpose signed by the official liquidator and countersigned by the Registrar or
under an order to be made by the Judge.

45. All dividends and interest to accrue due upon any such investments shall from Receipt of
dividends.
time to time be received by the Registrar or by such bank as aforesaid under a power [Ibid, r.,44.]

of attorney to be executed by the official 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 contributories of Notice.
Ibid, r. 45.}
the company to be summoned under the 88th or 137th section of " The Companies Ordi

nance 1865 " the official liquidator shall give notice in writing seven clear days before
the day appointed for such meeting, to every creditor 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 meeting Votes.
[Ibid, r. 46.]
summoned by the direction of the Judge, may be given either personally or by proxy
but no creditor shall appoint a proxy who is not a creditor of the company whose debt
or claim has been allowed, 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 or contributories Memorandum as
to calling meet
under the 88th or 137th section of " The Companies Ordinance 1865 " and the appoint ing.
[ id, r. 47.]
ment of a person to act as chairman of any such meeting , shall be testified by a memo
randum signed by the Registrar.


Direction or sanction of the Judge.

49. The sanction of the Judge to the drawing, accepting, making and indorsing Bill of exchange
or promissory
of any bill of exchange or promissory note by any official liquidator shall be testified note.
[Ibid, r. 48.]
by a memorandum on such bill of exchange, or promissory note, signed by the Registrar.