South Brisbane Gas and Light Company, Limited, Act of 1902 (Qld)

I LOCAL, PERSONAL, AND PRIVATE ACTS OF THE PARLIAMENT OF QTTE ENSL IND, 2° EDWA.R,DI VII. BRISBANE RIVER IMPROVEMENT. See HARBOURS AND RIVERS. BRISBANE (CITY) ENLARGEMENT. See LOCAL GOVERNMENT. BRISBANE WATER SUPPLY, See WATER SUPPLY. COMPANIES. An Act to Reduce the Liability of the Shareholders 2 Edw. VII. of the South Brisbane Gas and Light Company, TgLSBoAttiilicw GAS ANn Limited; upon the Shards held by them respec- tively in the said Company, and to Subdivide Ac L t' iM ow rri 1 4D 9 , 02. the Shares into Classes. [ASSENTED TO 26Tli DECEMBER, 1902.] W HEREAS the South I3risbane Gas and. Light Corn- Preamble. pany, Limited, was incorporated and registered on the thirtieth day of June, one thousand eight hundred and eighty-five, under " The Companies Act 1863 "* as a Com- pany limited by shares: And whereas the nominal capital of the said Company is one hundred thousand pounds, divided into one hundred thousand shares of one pound each: And whereas the sum of ten shillings per share has been called up and paid on the said one hundred thousand shares, and there is an existing liability of ten shillings on each of the said shares: And whereas the said Company has been carrying on business since the year one thousand eight hundred and eighty-five: * 27 Vie. No. 4, supra, page 144.

8570 COMPANIES. South _Brisbane Gas and Light Company, Limited, Act. 2 Evw. VII., -- And whereas for the successful working of the said Company it is not now necessary that the shareholders should remain liable for a sum of ten shillings for each share in the said Company held by them respectively; And whereas it is expedient to reduce the said liability of the shareholders, and to subdivide the shares of the said Company into classes in manner hereinafter appearing: And whereas all the creditors of the said Company have either consented to the said reduction of liability and subdivision of shares or the payment of their debts has been secured: And whereas by the Articles of Association of the said Company it is provided that the said Company "may from time to time by special resolution reduce its capital, including paid-up capital, by cancelling capital which has been lost or is unrepresented by available assets, or by pay- ing off any capital which may be in excess of the wants of the Company by cancelling shares which have not been taken by any person or otherwise, or by reducing the liability on the shares or otherwise as may seem expedient, and capital may be paid off upon the footing that it may be called up again or otherwise, and that the Company may also by special resolution subdivide or by ordinary resolu- tion consolidate its shares or any of them, and that the special resolution whereby any share is subdivided may determine that as between the holders of the shares result- ing from such division one or more of such shares shall have some preference or special advantage as regards dividend capital or otherwise over or as compared with the other or others, and that the shares in the capital for the time being, whether original or increased, may be divided into several classes, with any preferential, special, qualified, or deferred rights, privileges, or conditions attached thereto": And whereas a special resolution of the said Company has been duly passed and confirmed approving of this Act: Be it therefore enacted by the King's Most Excellent Majesty, with the advice and consent of the Legislative Council and Legislative Assembly of Queensland, in Parliament assembled, and by the authority of the same, as follows :- Division of 1. That in lieu of the present capital of one hundred shares. thousand pounds divided into one hundred thousand shares of one pound each the capital of the Company

COMPANIES. 8571 1902. South Brisbane Gas and Light Conzpany, Limited, Act. shall be one hundred thousand pounds divided into two hundred thousand shares of ten shillings each, of which seventy thousand shares shall be and be deemed to be fully paid up, and fifty thousand of the said shares shall be and be deemed to be paid up to seven shillings per share, and shall be called "preference shares." surre2n.deErahcishsshhaarerse, haonlddsehraollfrtehceeivsaeifdorCeovmerypatennysshharaelsl sShuarrreesn. der of in the said Company now held by him and so surrendered seven of the said fully paid-up shares and five of the said preference shares paid up to seven shillings each. whic3h. aIrnecnaoset aanmyuslhtiaprleehoofldteerns, hhaeltshhoallld, aunpyonshsaurcehs Smnohutalrhteiophllodelidnogefr_ ; sa surrender as aforesaid, receive for such shares paid-up and ten shares. preference shares in the proportions aforesaid as nearly as practicable and so that the paid-up capital on the shares received by him shall as nearly as possible be equal to but shall not exceed the paid-up capital on the shares now held by him with five per centum added, and any difference between such values shall be paid in cash to such share- holder by the said Company. fully4p.aiTdhuapt uthnetilstahide spariedfeprreenfecreesnhcaersehsasrhesalslhbaellpbaeicdoomuet sPhraerfeesre. nce of the profits of each year a cumulative preferential dividend of six pounds per centmn per annum on the capital paid up thereon, and shall be entitled to participate purl passrt with the fully paid-up shares in the surplus profits of each year which shall remain after paying the fixed dividend aforesaid for such year on the said preference shares and a like dividend for such year on the capital of the fully paid-up shares, but, except as aforesaid, the holders of such preference shares shall not have any priority over the holders of fully paid-up or other shares of the said Company. 5. It shall not be necessary for the said Company to The word add to its name the words "and Reduced." "Reduced" not to be added to name of Company. the p6a.ssTinhge osafidthCisoAmcpta, nfyileshwalilt, hwthitehiRneogniestmraornothf Jforoinmt bil e lifni e r d c . to Stock Companies, a minute showing with respect to the capital of the Company as altered by this Act the amount of such capital, the number of shares into which it is divided, the amount of each share, and the amount at the

8572 COMPANIES—HARBOURS A ND RIVERS. Brisbave Bire..,Improvement Act. 2 EDW. VII. No. 13, Cost. Short; title. date of the registration of the minute deemed to have been paid up on each share, and such minute shall be embodied in every copy of the Memorandum of Asssocia- tion of the said Company issued after its registration. 7. The costs, charges, and expenses of preparing, applying for, obtaining, and passing this Act shall be paid by the Company. 8. This Act may be cited as " The South Brisbaue Gas and Light Company, Limited, Act qf 1902." GAS COMPANIES. See 00 MPA.N ES . GLADSTONE TO CALLIDE RAILWAY.. See R A.ILWAT S. GLASGOW GYMPIE UNITED GOLD MINING LEASE. See MIN IND. HARBOURS AND RIVERS. 2 lEiNsdi T sowt H . iA. 1 E VN3. EII. An AtWococtrotknostiVcnauarelriidtehadeteoCutoht neinsCttrhouenctsBitorrnuiscobtfaioncneeroRtafiivcneeorrttahaniendr RIVER IMPROVEMENT Works therein. ACT or 1.91Y1 [ASSE?.TTED TO 2(ITII DECEMBER, 1902.] Preamble. W HEREAS in order to improve the Port of Brisbane by rendering the same safer to navigation and increasing the facilities for the passage of vessels up and down the River Brisbane it has become necessary to con- struct in the said River training walls and other works appurtenant thereto in accordance with reports and plans from time to time presented to Parliament And whereas the construction of certain of :such walls and works, having been approved by the Government of the State and sanctioned by the Marine Board of Queensland, has been commenced and is n.ow being carried on under the direction and supervision of the Department of Harbours and Rivers by means of moneys appropriated by Parliament for the purpose, and the construction of other like walls and works, as shown by such reports and plans,