Pyrmont Bridge Company’s Supplementary Act 1861 No pbc (NSW)

An Act to continue the powers of the Pyrmont Bridge Company to raise Money by the issue of Debentures and by Mortgage. [11th

December, 1861.]

made and passed in the twenty-second year of t h e re ign of H e r present	WH E R E A S in and by an A c t of t h e Legis la ture of N e w South W a l e s
Majesty Queen Victor ia in t i tu led " An Act to authorize additional
" TVorlts by the Pyrmont Bridge Company and to amend their Act of
" Incorporation" have ceased and de termined A n d whereas i t is expedient to renew t h e powers to borrow money by way of mor tgage or by t h e issue of debentures comprised in t h e t e n t h and e leventh sections of t he said Ac t Be i t therefore enacted by t h e Queen ' s Most Excel len t Majesty by and wi th t h e advice a n d consent of t h e Legislat ive Council and Legis la t 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—

the powers given to t he P y r m o n t Br idge Company

1. I t shall be lawful for t h e P y r m o n t Br idge Company in t he

m a n n e r provided by and subject t o t h e provisions conta ined in t h e forty-eighth and for ty-ninth clauses of an A c t of t h e said Leg is la tu re m a d e and passed in t h e n ine t een th year of t he re ign of H e r said Majesty

in t i tu led " An Act to incorporate the Pyrmont Bridge Company and

for other purposes therein mentioned" a n d (except in so far as t he same are repealed by t h e n i n t h section of t he Act firstly hereinbefore ment ioned) in t he forty-seventh and fiftieth clauses of t h e said Act of incorporat ion from t ime to t ime to borrow and t ake u p at in teres t any such sum or sums of money as to t h e said corporat ion shall seem meet and convenient not exceeding a t any t ime the whole a m o u n t of t h e capital of t he said corporat ion t h e n ac tual ly paid u p .

2. Provided always That any such sum or sums m a y be raised by way of mor tgage or by the issue of debentures or pa r t ly by one and pa r t ly by t he o ther of such modes and such debentures shall be unde r t he common seal of t he said corporat ion in the form or to t he effect of t h e Schedule here to and shall be t ransferable by delivery a n d all t he provisions of t he said A c t of t h e n ine teenth year of t he re ign of H e r Majesty re la t ing to mor tgages and not inconsis tent w i th th i s Ac t shall mutatis mutandis apply to such debentures as fully as if those provisions were herein repeated a n d every such m o r t g a g e a n d debenture shall be valid and the land and works of t he corporat ion and the tolls and rates payable unde r t he las t -ment ioned Act shall lie l iable to the holders of such mor tgages and debentures and in t h e event of such land and works becoming publ ic p roper ty t h e a m o u n t of all such securities shall be t aken as pa r t of t he money payable in t h a t event by way of compensat ion to t h e corporat ion unde r t h e provision in t h a t behalf contained in t h e said last-mentioned Act . S C H E D U L E .