The Mining Companies Further Amendment Act 1887 (SA)

ANNO QUINQUAGESIMO ET QUINQUAGESIhXO

PRIM0

VICTORIB REGINZ.

A. D. 1887.

No. 396.

An Act to further amend " The Mining Companies

Act, 1881."

[Assented to, November r6th, 1887.1

HEREAS it is desirable to filrther amend " The Mining Preamble.

W Companies Act, 1881 " in manner hereinafter provided-

Be it therefore Enacted by the Governor of the Province of South

Australia, with the advice and consent of the Legislative Council

md House of Assembly of the said province, in this present Parlia-

ment assembled, as follows:

1, This Act may bk cited as The Mining Companies Further short title.

Amendment Act, 1887."

2. Any company registered under the provisions of The Mining Company V and dispose of real

Companies Act, l88 1 ," if authorised by a resolution passed at an and personal pwpe*r.

extraordinarv general meetiner of the shareholders, may sell and r i "

dispose of any mine or real or'$ersonal property which &ay belong to such company, and such sale may be made at any time, by public auction or private contract, upon such terms and conditions as may be approved by such extraordinary general meeting, and the com-

pany may grant, transfer, and assign the property sold to the pur-

chaser thereof, or as such purchaser may direct, subject to any

encumbrances affecting the same.

3. The words in section 121 of a The Mining Companies Act, ~?~$ffp~~ct.

1881," as follows: which shall not then be in debt," are hereby

396 repealed

2 50" & 51" VICTORIA?, No. 396.

The Mining Companies firther Amendment Act.-1 8 87.

P~OV~SO.

repealed: Provided that any winding up pursuant to the said

section on the npplicatiou of any creditor may at any time be super-

seded by a winding up by the Court.

Inoorporation.

4, This Act and " The Mining Companies Act, 1881," "The

Mining Companies Amendment A et, 1881," and The Mining

Companies Amendment Act, 1882," shall be incorporated and read

and construed together as one Act.

I n the name and on behalf of Her Majesty, I hereby a~sent

thia Bill.

WM. C. F. ROBINSON, Governor.

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Adelaide: By authority, E. BPILLER, Govenunent Printer, North-terraoe.