Metropolitan and St. John's Wood Railway Act 1864
| Jurisdiction | UK Non-devolved |
| Citation | 1864 c. ccciii |
| Year | 1864 |
ANNO VICESIMO SEPTIMO & VICESIMO OCTAVO
VICTORIA REGINiE.
****************************************************
Cap.
ccciii.
An Act to authorize the Construction of a Railway
from the Metropolitan Railway through Saint
Johns Wood to the Hampstead Junction Railway.
[29th July 1864J
W
HEREAS the making of a Railway from the Metropolitan
Railway at Baker Street through Saint John's Wood to
the Hampstead Junction Railway would be attended with
great local and public Advantage: And whereas the estimated
Expense of the said Railway is Three hundred thousand Pounds, and
the Persons herein-after named, with others, are willing at their own
Expense to construct the Railway: And whereas a Plan and
Section of the Railway showing the Line and Levels
thereof,
with a
Book of Reference to the Plan containing the Names of the Owners
and Lessees, or reputed Owners and Lessees, and of the Occupiers
of the Lands through which the said Railway will pass, have been
deposited with the Clerk of the Peace for Middlesex: And whereas
it is expedient that the Metropolitan Railway Company should be
authorized to enter into Arrangements with respect to the working
and Management of the Railway; but the Purposes aforesaid cannot
be accomplished without the Authority of Parliament: May it there-
fore please Your Majesty that it may be enacted; and be it enacted
[Local] 51 K by
4638 27° & 28° VICTORIA,
Cap.cccm:
The Metropolitan and Saint John's Wood Railway Act, 1864.
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:
8&9Vict. 1. "The Companies Clauses Consolidation Act, 1845," Part I.
cc.
16.18.
&
(reiating
to Cancellation and Surrender of Shares) of " The Com-
23&24Vict, panies Clauses Act,
1863,"
"The Lands Clauses Consolidation Act,
c. 106., and 1845
»
« The Railways Clauses Consolidation Act, 1845," and " The
9g
& 27
Vict
CC.92&H8.' Lands Clauses Consolidation Acts Amendment Act, I860," and
incorpo- Part I. (relating to Construction of a Railway) and Part III.
rated. (relating to Working Agreements) of " The Railways Clauses Act,
1863,"
shall be incorporated with and form Part of this Act.
Interpreta-
tion of
Terms.
2.
In this Act the Words "the Company" shall mean the
Company incorporated by this Act; and the Words " the Under-
taking" or " the Railway" shall mean the Railway and the Works
connected therewith by this Act authorized to be constructed; and
where any Matter shall be authorized or required to be done by Two
Justices the Expression " Two Justices" shall mean Two Justices
assembled and acting together, or any One Police Magistrate or Jus-
tice of the Peace who may have by Law Authority to act alone for
any Purpose with the Powers of Two Justices; and the Expression
" Superior Courts," or " Court of competent Jurisdiction," or any
other like Expression in this Act or the Acts incorporated herewith
shall be read and have effect as if the Debt or Demand with respect to
which the Expression is iised were a Simple Contract Debt, and not a
Debt or Demand created by Statute.
incorpo-
rated.
Subscribers 3. William Lee, and all other Persons and Corporations who have
already subscribed or shall hereafter subscribe to the Undertaking,
and their Executors, Administrators, Successors, and Assigns respec-
tively, shall be united into a Company for the Purposes of the Under-
taking, and such Company shall be incorporated by the Name of
" The Metropolitan and Saint John's Wood Railway Company," and
by that Name shall be a Body Corporate, with perpetual Succession
and a Common Seal, and shall have Power to purchase and hold
Lands for the Purposes of the Undertaking, within the Restrictions
herein and in the said Acts contained, and their Undertaking shall be
called " The Metropolitan and Saint John's Wood Railway."
Capital. 4. The Capital of the Company shall be Three hundred thousand
Pounds, and shall be divided into Thirty thousand Shares of Ten
Pounds each.
5.
It
27°
&
28° VICTORIA C«p.ccciii. 4639
The Metropolitan and Saint John's Wood Railway Act, 1864.
5.
It shall not be lawful for the Company to issue any Share, nor Shares not
shall any Share vest in the Person accepting the same, unless and ^fo^
until a Sum not being less than One Fifth Part of the Amount of Fifth Part
such Share shall have been paid up in respect
thereof.
Paid
UP-
6. Three Pounds per Share shall be the greatest Amount of any Calls.
One Call which the Company may make on the Shareholders, and
Three Months at the least shall be the Interval between successive
Calls,
and Three Fourths of the Amount of a Share shall be the
utmost aggregate Amount of Calls that may be made in any One
Year upon any Share.
7.
The Company may borrow on Mortgage any Sums not exceed- Power to
Ing in the whole Ninety-nine thousand Pounds, but no Part of such j£"tea
"(T
Sum shall be borrowed until the whole of the said Capital or Sum of
Three hundred thousand Pounds shall have been subscribed for bond
fide, and One Half thereof shall have been actually paid up, and
until the Company shall prove to the Justice who is to certify under
the Provisions contained in the Fortieth Section of " The Companies
Clauses Consolidation Act, 1845," before he so certifies, that all such
Capital has been subscribed for bond fide, and that every Share is
held by Subscribers or their Assigns, and for which such Subscribers
or their Assigns are respectively legally liable, and that all the Shares
have been issued, and Twenty per Centum at least paid up on each
separate Share.
8. The Monies by this Act authorized to be raised, whether by Application
Shares or Mortgage, shall be applied only to the Purposes by this of
CaPltal-
Act authorized.
9. The Mortgagees of the Company may enforce the Payment of
Arrears may
the Arrears of Principal and Interest due on any such Mortgages by £e enforced
the Appointment of a Receiver, and in order to authorize the Ap-
mgnt
0f a
pointment of such Receiver in the event of the Principal Monies Receiver.
due on such Mortgages not being duly paid the Amount owing to
the Mortgagees by whom Application for such Receiver shall be
made shall not be less than Ten thousand Pounds in the whole.
10.
The First Ordinary Meeting of the Company shall be held First and
within Six Months next after the passing of this Act, and the subse- ™d 0.ther
quent Ordinary Meetings of the Company shall be held in the
Months of February or March and August or September in every
Year.
11.
The Quorum of General Meetings of the Company shall be Quorum
of
Six Shareholders present, personally or by proxy, holding in the £.en^'al
aggregate
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