Land Company of Australasia (Limited) Act of 1890 (NSW)

An Act to authorize the "Land Company of Australasia (Limited)" to divide its shares into classes, with the right to attach to such classes special privileges or priority as to the capital, redemption of capital, or dividends, and preferential, guaranteed, fixed, deferred, or other dividends. [20th December, 1890.]

WH E R E A S inafter called " t h e C o m p a n y " ) was on the n i n t h day of

t h e " L a n d Company of Australasia (L imi t ed ) , " (here­

Apr i l , one thousand eight h u n d r e d and eighty-five du ly incorporated

u n d e r t he provisions of t he " Companies Ac t , " and the objects for w h i c h the Company was established are defined in clause two of the m e m o r a n d u m of association as follows :—The acqui r ing b y purchase , lease, or otherwise of land, houses, stock, or o ther real or personal p roper ty ; t he erect ing, en la rgement , a l terat ion, destruct ion, or

improvemen t of houses or other b u i l d i n g s ; t h e conver t ing, appro­

pr ia t ing , sell ing, leasing, mor tgag ing , improving, working, or otherwise us ing all or any of the real or personal proper ty , capital , and accrued profits of t h e Company, in to , for, or as any purpose the Court or Board m a y from t ime to t ime consider adv i sab le ; t he lending of money, t h e borrowing of money, the receiving of money on deposit or other­ wise, and t h e issue of promissory notes, t ransferable or not t ransferable bonds, debentures , stock, or any other securit ies based upon all or a n y of t h e real or personal proper ty , or other assets, or on t he credit of t h e C o m p a n y ; t he b u y i n g or absorbing of t he selling to , or a m a l g a m a t i n g wi th , any other l imited Company or ins t i tu t ion formed or to be formed for any lawful purpose ( tha t of min ing excepted) ; the es tabl i shment or d ises tabl i shment of branches , agencies, and connect ions ; the doing, t r ansac t ing , or ca r ry ing out all or any of t he objects above-ment ioned

or inferred in the Colony of N e w South Wales , or if t h e Cour t direct

in any other count ry , city, or place : A n d whereas t he Company is desirous of ob ta in ing powers to enable it to divide any shares in t he capi ta l for the t ime be ing of t he Company in to several classes, w i t h t he r igh t to a t t ach there to such special privileges or priori ty as to t h e capital , redempt ion of capital , or dividends, a n d such preferential , guaran teed , fixed, deferred, or o ther dividends as m a y be de te rmined from t ime to t ime by t h e Company : Be it therefore enacted by the Queen 's Most Excel len t Majesty, by and wi th t he advice and consent of t he Legislat ive Council and Legislat ive Assembly of N e w South Wales in Pa r l i amen t assembled, and by t h e au thor i ty of t he same, as follows :—

(a) To divide any shares in the capital for the time being of the Company in to several classes, w i t h t he r i g h t to a t t a ch the re to such special privileges or pr ior i ty as to t he capital, redempt ion of capital , or dividends, and such preferential , guaranteed, fixed, deferred, or other dividend as may from t ime to t ime be determined by t h e Company by special resolut ion passed in accordance wi th t h e provisions of t he " Companies A c t " a t

1. The Company shall from and after t h e pass ing of this A c t

have t h e following power in addit ion to t h e powers conferred by its

m e m o r a n d u m of association—

at general meet ings of t he shareholders to he held in N e w South "Wales and E n g l a n d respectively. Provided always t ha t t he general mee t ings of shareholders in E n g l a n d shall be called in accordance w i t h the provisions contained in t h e ar t icles of association for t h e t ime being of t h e Company for t he cal l ing of general mee t ings of shareholders w i th in t h e Colony of N e w South Wales , and t h a t no notice of any general mee t ing to be held in E n g l a n d need be given to any

shareholder residing outside t h e Uni ted K i n g d o m of Great

Br i t a in and I re land , nor need any not ice of general mee t ings to be held in N e w South Wales be given to shareholders

res iding outside Aust ra l ia .

2. This A c t may be cited as t he " L a n d Company of Austra las ia

(Limi ted) A c t of 1890."