Durham County Coal Company Act 1844
| Jurisdiction | UK Non-devolved |
| Citation | 1844 c. xiv |
| Year | 1844 |
ANN0
SEPTIMO
VICTORIA3
REGINE.
cup.
xi
v
.
An
Act for regulating
legal
Proceediags
by
or
against
the
Durham
County
Coal
Company,
and
for
other Purposes.
[loth
Nay
1844.3
HEREAS
a Number of Persons somc Tinic sincc fornied
thcmselvcs into
a
Conipany, uiidcr the Stylc
or
Title
of
vv
‘‘
Tlic
Dzc~*licr?it
County Coal Company,” for thc I’urposc
of
working Collieries, Coal Mines, and Scams of Coal, and sclling thc
Produce
thereof:
And
whereas by the Dccd
of
Scttlcnicnt
of
thc
Company, bearing Date on
or
about the Twenty-fifth Day of
Jinunyy
One thousand cight hundred and thirty-eight, divers Rules, Rcgula-
tions, ancl Provisions mcrc establishcd for thc Conduct and Managc-
nicnt
of
thc Affairs
of
the Company, and (amongst other things) it
T~S
proridcd
that there should bc
Ten
Directors
of
the Company,
Fim
of
whoni should
bc
rcsidcnt
in
or near tlic City
of
London,
and
lie
callcd by the Naiiic
of
Loszdon
Directors,
and
Five
of whom
should
be resident in
or
near
tlic County
of
DUI-JL~)~,
and
be
callcc1
by
thc
Sniiic
of
Didmu
Directors
;
and
it
w.as
also providcct that
thc
London
Directors
slioulct
assemble togctlicr at such Tiincs
anti
Place in
or
near
L012d012
as
thcrcin iiien tioncd, which
Asscnibly
should bc styled
“
The
London
Board
of
Dircctors
;
”
anct
that thc
Dzirhuni
Dircctors should asscnible together at such Tiines arid I’lacc
in
the County of
DurJinna
as
thercin mcntioncd, which Asscniblj
should
hc
styled
‘(
Thc
Dudiunz
Board of Directors
:
”
And whcreas
[
Loccrl.
J
4L
Difficult
i
c
5,
318
7”
VICTORIB,
Cupxiv.
Difficulties have arisen and may hereafter arise in legal Proceedings
by
or
against the Company, since by
Law
all the Members for the
‘i’ime being
of
the Company must be named in such Proceedings
:
And whereas
it
is expedient that the Company should bc rendcreci
capable
of
suing and being sued in the Name
of
some
One Individual
as
a nominal Party to such legal Proceedings, and that the Business
and Affairs
of
the Company should be carried on by One Board
of
Directors only, and that certain other
of
the
Lams
and Regulations
of
the Company should
be
altered: May it thcrefore please
Your
Majesty that it may be enacted
;
and be
it
cnacted by the Queen’s
most Excellent Majesty, by and with the Advice
and
Conscnt
of
the
Lords Spiritual and Teinpord,
anti
Commons,
in
this prcsciit
l’arlia-
‘rile
London
ment assembled, and by the Authority of‘thc same, That imniccii3tcly
130ard
Of
upon the passing of this Act the Offices
of
the
London
Directors and
Secretary and other
London
Officers shall cease and be.
at
an End,
Directors
to
cease,
and
ttie
Durham
and that the
DU?’ILCt?72
Directors and
Durliiinz
Board
of
Directors
Ihard
to
be
respectivcly shall have all the
Powers,
Authorities, and Duties
giwn
by the said Deed
of‘
Scttlemcnt to the Directors
of
the Company
Compnny.
(whcthcr
London
or
Diuhmn)
and thc
Loizdon
and
Dwhaiti
Boards
of
Directors rcspeetively, and that the
Durham
Dircctors
shall
be
styled
“
The Directors of the Company,” and the
I)zirlmiz
Board
of’
Directors shall
be
styled
‘‘
Thc Board
of‘
Directors
of‘
the Company,”
and that the Secretary to thc said
Duhwz
Board of Directors shall
have all the Powers and Duties
of
the Secretaries of the
London
and
Durlicinz
l>ircctors, or either
of
thcm, and be styled
“
The Sccretary
of the Company.”
11.
And be it enacted, That the principal Office
of
the Company
shall be at
Sfockton-zi~~on-Tees,
or
at
such other Place
as
the Direc-
tors
for
the Tiriie being shall appoint for that Purpose
;
and the said
Board
of
Dircctors
of the Company shall be held once or oftener
in
cwry Month
at
the said Officc,
or
at
such other Placc
in
thc Couii-
tics
br
Cities
of
Durh(012
and
Yoi-/c
as such Board shall
fiom
Time
to
Time fix
or
agrce upon.
tors
of
tlic
Office
of
the
Colrlpan~
arid
Meeting
of‘the
Iiesitlences
111.
And
be
it
cnactcd, That the Directors of the Company shall
Of
Directors
be rcsidcnt within Onc hundred Miles
of
the City
of
Dzidim~
;
and
this present Provision shall,
as
fiom their Election, extend
to
George
altered.
Totcnsend Andrem,
Andmu
White,
Tlioitins
Lets
Stqdicn
PuI*-
lcinson
WilJcs,
and
Rdumrd
Dny,
the First Directors
of
the Company
after the passing
of
this Act.
One
annual
Mcetlng
Of‘
Proprietors
insteacl
of
Tlvo.
IV.
And bc
it
enacted, That the Proprietors in the Company shall
assemblc once
in
evcry Year
in
the Month
of
August,
instead
of’
twice in cvcry
Year
in the Months
of
Februnry
and
August,
as
pro-
vidctl
by
the said Dced of Scttlcmcnt; and every such Assembly
shnll
be
styled
“
The
annual General Meeting,” and such
annud
General Mecting shall be convened in thc same
or
the
like
Manncr
as
provided
by
such
Deed
of Scttlcmcnt with rcgard to thc
Two
half-yearly Gcneral Xicetings
of
the Company
;
and a11 Elections
of‘
a
Director
and
other Officers of the Company, and other Mattcrs and
Things which but for this iIct would havc taken placc or iniglit haw
been transacted at the half-yearly General Meeting in the Month
of’
J
FC’br7lfll:c/
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