Imperial Gas Act 1869
| Jurisdiction | England & Wales |
| Citation | 1869 c. cxxviii |
| Year | 1869 |
[32 & 33 VICT.] The Imperial Gas Act, 1869. [Ch. CXXViii.]
CHAP, cxxviii.
An Act to authorize the Imperial Gaslight and Coke Com-
A.D.
1869.
pany to raise more money and purchase more land; and
for other purposes. [26th July 1869.]
W
HEREAS by " The Imperial Gas Act, 1854," the Acts relating
17&
is Vict.
to the Imperial Gaslight and Coke Company (in this Act c>lv>
called " the Company ") were consolidated and amended, and their
share capital was limited to the sum of one million three hundred
thousand pounds, and such capital is divided into shares of fifty
pounds each, which have been fully called up, and the Company
were authorized by the said Act to borrow on mortgage or bond four
hundred and thirty-three thousand pounds, and they have borrowed
the whole of that amount, and have under the powers of the said
Act capitalized two hundred and sixty thousand pounds part thereof
in shares of ten pounds each:
And whereas by the twenty-fifth section of the said Act of 1854,
which recites that the Company had expended out of their profits
certain large sums of money for the purposes of capital amounting
to more than
two
hundred and eighty thousand
pounds,
the Company
were authorized to issue bonds to represent the sum so expended and
apportion them among the then shareholders in the undertaking, but
that such sum should form part and not be in excess of the total
amount authorized by the said Act to be raised either on mortgage
or bond, and so that not more than thirteen thousand pounds per
annum should at any time be payable as interest thereon; and in
pursuance of such authority the Company have issued bonds to the
amount of one hundred and thirty thousand pounds to represent and
in satisfaction of the
whole
of such sum expended out of profits, such
bonds being irredeemable at the instance of the Company, and the
fixed rate of interest upon the said bonds amounts in the whole to
thirteen thousand pounds and no more, and the said bonds form part
of the before-mentioned total sum of four hundred and thirty-three
thousand pounds borrowed under the powers of that Act:
[Local-428.] A 1
[Oh.
CXXViii.] The Impend Gas Act,
1869.
[32 & 33 VICT.j
A.D.
1869.
And whereas by "The Imperial Gas Act, 1866," the Company
~~~l..
were authorized to raise by the creation of new ordinary or preference
.c.
ccclii.
' shares a further sum of three hundred and twenty-five thousand
pounds, and on mortgage of their undertaking a further sum of
eighty-one thousand two hundred and fifty pounds, and they have
created twenty-six thousand ordinary shares of twelve pounds ten
shillings each for raising the said sum of three hundred and twenty-
five thousand pounds, and the whole of the said capital is subscribed
and nearly all paid up, and they have partially exercised the said
power of borrowing on mortgage:
23&24Vict. And whereas under the provisions of "The Metropolis Gas Act,
c
125.
(Rib.)
i860," the Company are placed under the obligation to supply with
gas the district thereby confided to them, which district Is very
extensive, and the population and buildings therein are rapidly
increasing, but the capital at the disposal of the Company as well as
their existing works are insufficient to enable them to fulfil the obli-
gation so imposed on them, and it is therefore absolutely necessary
that they should be authorized to raise further sums of money, and
to purchase more
lands,
and to erect additional works for the purpose
aforesaid:
And whereas the lands (herein-after described) are well adapted
for the purposes of the Company's undertaking, and it is expedient
that the Company should be authorized to purchase the same; (that
is to say,)
Lands and buildings part of the West Ham Abbey Marsh in the
parish of "West Ham in the county of Essex, bounded on the
north by the London, Tilbury, and Southend Railway, on the
east by the road called or known as the Old Manor Way, lying
on the western side of the North Woolwich branch of the
Great Eastern Railway, on the south-east partly by the ditch
or fence on the south-eastern side of the Canning Town, Old
Manor Way, and separating the said Old Manor Way from the
adjoining property, and partly by lands belonging to the West
Ham local board of health, and in the occupation of James
Scully, and on the south and west by a tidal stream called Bow
Creek:
And whereas the said lands are situate beyond the limits within
which the Company are authorized to supply gas, and it is expe-
dient that provision should be made for enabling the Company to
lay down mains so as to connect their several gasworks and mains
and pipes, notwithstanding the intervention of places beyond their
limits:
And whereas there is no convenient access by road to the said
lands in the parish of West Ham, and it is expedient that the
2
[32 & 33 VICT.] The Imperial Gas Act, 1869. [Ch. Cxxviii.]
Company should be authorized to purchase lands for the purpose of
A.D.
1869.
making a road thereto from Saint Leonard Street, Bromley, and to
make bridges over the river Lea and Bow Creek to carry the said
road over the same respectively:
And whereas plans and sections of the said bridges and lands
showing the line and levels thereof respectively, and books of
reference to the said plans containing the names of the owners and
lessees, or reputed owners and lessees, and of the occupiers of such
lands,
have been deposited with the clerks of the peace for the
counties of Essex and Middlesex respectively, which plans, sections,
and books of reference are herein-after referred to as the deposited
plans,
sections, and books of reference respectively:
And whereas it is expedient to enlarge the Company's powers
with reference to their residual products and refuse material from
the manufacture of gas, and that the times for holding their
half-
yearly meetings should be altered, and also to confer powers upon
the Company for providing houses and offices for the workmen and
others in their employment, and to purchase or take on lease, hire,
hold, and work railway trucks, collier
ships,
lighters, and vessels, and
other powers conducive to the reduction of cost in coal and other
materials used in the manufacture of gas, and otherwise productive
of economy and advantage to the public:
And whereas the objects aforesaid cannot be effected without the
authority of Parliament:
May it therefore please Your Majesty that it may be enacted;
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
authority of the same, as follows:
1.
This Act may be cited for all purposes as " The Imperial Gas
Short
title.
Act, 1869."
2.
" The Lands Clauses Consolidation Act, 1845," " The Lands
8 & 9
Vict.
Clauses Consolidation Acts Amendment Act,
1860,"
"The Gasworks &'2o/' ''
Clauses Act, 1847," section seventeen of "The Railways Clauses io&iiVict.
Consolidation Act, 1845," relating to construction of works on tidal
%}&v±yj
t
lands,
sections from thirteen to nineteen, both inclusive, of " The c.
106.,
and
Railways Clauses Act,
1863,"
relating to protection of navigation, 26 q92l^ic*'
the provisions of "
The
Companies Clauses Consolidation Act, 1845," in^rp0rateal
with respect to the several matters following; (that is to say,)
" The distribution of the capital of the Company into shares;"
" The transfer or transmission of shares;"
" The payment of subscriptions and the means of enforcing the
payment of calls;" A 2 3
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