British Iron Company Act 1840
| Jurisdiction | UK Non-devolved |
| Citation | 1840 c. xcvi |
ANNO TERTIO & QUARTO
VICTORLE REGI1SLE
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Cap.
xcvi.
An Act for granting certain Powers to the British
Iron Company. [3d July 1840.]
w
HEREAS a Number of Persons some Time since formed
themselves into a Company or Copartnership, under the
Style or Title of "The British Iron Company," for the
Purpose of working Iron Mines in Great Britain, and for smelting,
manufacturing, or otherwise preparing for Sale and for selling and
disposing of the Ores and Metals to be obtained and raised from such
Mines: And whereas the Affairs and Concerns of the said Com-
pany have been hitherto carried on and conducted and managed
under and subject to the Rules, Regulations, and Provisions con-
tairied in a certain Indenture or Deed of Settlement, bearing Date
the Twenty-eighth Day of April in the Year of our Lord One thou-
sand eight hundred and twenty-five, and made between Edmund
Taylor of No. 9, Devonshire Square, Bishopsgate Street, Gentleman,
Robert Ogg of Contentment Row, Hoxton, in the County of Middlesex,
Gentleman, and William Marten of No, J, Camden Row, Peckham,in
the County of Surrey, Gentleman, of the one Part, and the several
other Persons whose Names and Seals are thereunto subscribed and
affixed of the other Part, purporting to be the Deed of Settlement of
the said British Iron Company, as such Rules, Regulations, and Pro-
24 Z
[Local.] • *
visions,
2206 3° & 4° VICTORIA, Cap.xcvl
visions, or some of them, have since been varied or altered by
Resolutions of the said Company made in pursuance of Powers for
that Purpose contained in the said Deed of Settlement, and which
Resolutions have been endorsed thereon or subjoined thereto: And
whereas the Capital or Joint Stock of the said Company consists of
the Sum of Two million Pounds divided into Twenty thousand Shares
of One hundred Pounds, of which Capital the Sum of One million
Pounds (with the Exception of the Sum of Forty-four thousand
seven hundred and ninety-five Pounds, being the Arrears of One
thousand one hundred and sixty-one Shares), hath been actually paid
up by the Proprietors of Shares in the said Company: And whereas
Difficulties have arisen and may hereafter arise in recovering Debts
and Monies due to the said Company, and in maintaining Actions
for Damages done to the said Company or to the Property of the said
Company, since by Law all the Members for the Time being of the
said Company must be named in every Action or Suit carried on for
such Purpose: And whereas it would be convenient that Persons
having Demands against the said Company should be entitled to sue
the Secretary of the said Company, or any One of the Directors
thereof for the Time being, or any One Proprietor of the said Com-
pany : And whereas it would be convenient that Prosecutions for
Embezzlement, Robbery, or stealing the Property of the said Com-
pany, or for Fraud or for any other Offence against the said Company,
should be instituted and carried on in the Name of the said Com-
pany, or in the Name of the Secretary or of one of the Directors
thereof for the Time being, or of any One Proprietor of the said
Company: And whereas it is desirable that Powers should be granted
to the Trustees of the said Company, and that the said Company
should be regulated in other respects as herein-after«mentioned ; but
the same cannot be effected without the Aid and Authority of Par-
liament
:
May it therefore please Your Majesty that it may be enacted j
and be it enacted by the Queen's most Excellent Majesty, by and
with the Advice and Consent of the Lords Spiritual and Temporal,
and Commons, in this present Parliament assembled, and by the
Company Authority of the same, That from and after the passing of this Act
may sue and au Actions and Suits whatsoever against any Person or Persons
be sued
m
already indebted or who may hereafter be indebted to the said Com-
the Name or J ,. . r„. T» •,• ? V ^ „ . •• * ,_• o •
the
Secretary pany called " I he British Iron Company, and all Actions, bints,
or anyDirec- and other Proceedings whatsoever at Law or in Equity, for any Injury
tor of the or Wrong done to any Real or Personal Property of the said Company,
Company. or
Upon
or jn aspect of any present or future Liability or Liabilities
to the said Company, or upon any Bonds, Covenants, Bills of Ex-
change, Promissory Notes, Contracts, or Agreements which already
have been or hereafter shall be given or entered into to or with the
said Company, or wherein the said Company is or shall be interested,
and all Instruments, Petitions, and other Proceedings for or incidental
to the issuing or prosecuting any Fiat in or Commission of Bank-
ruptcy in England or
Ireland\
or any Sequestration in Scotland, against
any Person or Persons already indebted or who may be hereafter
indebted to the said Company, and liable to be made bankrupt by
the Laws now or at any Time hereafter in force relative to Bankrupts
and Traders in England and
Ireland,
or to Sequestrations in Scotland,
and all Proceedings at Law or in Equity under any Commission of or
2 Fiat
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