Oxford and Rugby Railway Act 1845

Publication Date:January 01, 1845
 
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Oxford and Rugby Railway Act 1845

(8 & 9 Vict.) c. clxxxviii

An Act for making a Railway from the City of Oxford to the Town of Rugby.

[4th August 1845]

ANNO OCTAVO & NONO *^**^*^****^^^^^^^**^*^^^^^*********^^*^*******^**^ Cap. clxxxviii. An Act for making a Railway from the City of Owford to the Town of Rugby. [4th August 1845.] Vict. HERE AS the making of a Railway in continuation of the Oxford Branch of the Great Western Railway, from the City of Oxford to the Town of Rugby, would be of great public Advantage, by opening an additional, certain, and expeditious Means of Communication between the said Places, and also by facilitating Communication between more distant Towns and Places : And whereas the Persons hereafter named are willing, at their own Expence, to carry such Undertaking into execution ; but the same cannot be effected without the Authority of Parliament: And whereas an Act has been passed during the present Session of Parliament, intituled An Act for con^ 8&9 solidating in One Act certain Provisions usually inserted in Acts c. iG. with respect to the Constitution of Companies incorporated for carrying on Undertakings of a public Nature, and called " The Companies Clauses Consolidation Act, One thousand eight hundred and forty-five :" And whereas another Act has also been passed during the present Session of Parliament, intituled An Act for consolidating in 8 & 9 Vict One Act certain Provisions usually inserted in Acts authorizing the c. 18. taking of Lands for Undertakings of a public Nature" and called " The J^ands Clauses Consolidation Act, One thousand eight hundred [_Local.~] and 50 L 4550 S & 9 Vict. c.20. Recited Acts incorporated will) this Act. F Short Title. Subscribers incorporated 8 & 9 VICTORIA, G/p.clxxxviii. and forty-five;" And whereas another Act has also been passed during the present Session of Parliament, intituled An Act for consolidating in One Act certain Provisions usually inserted in Acts authorizing the making of Railways, and called " The Railway Clauses Consolidation Act, One thousand eight hundred and forty-five:" 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, That the Provisions of the said recited Acts shall be incorporated with and form Part of this Act, save as to such of the Provisions thereof (if any) as may be inconsistent with this Act. II. And be it enacted, That in citing this Act in other Acts of Parliament and in legal Instruments it shall be sufficient to use the Expression " The Oxford and Rugby Railway Act, One thousand eight hundred and forty-five." III. And be it enacted, That Henry Simonds, George Jones, Robert Frederic Gower, Charles Stevens, William Tothill, Peter Maze, William Singer Jacques, John William Miles', and James Lean, and all other Persons and Corporations who have already sub scribed or shall hereafter subscribe to the Undertaking, and their Executors, Administrators, Successors, and Assigns respectively, shall be united into a Company for the Purpose of making and maintaining a Railway from the City of Oxford to the Town of Rugby, with proper Works and Coveniences belonging thereto, according to the Provisions of the said recited Acts and of this Act, and for other the Purposes herein and in the said recited Acts contained ; and for the Purposes aforesaid such Company shall be incorporated by the Name of " The Oxford and Rugby Railway Company," and by that Name shall be a Body Corporate, with perpetual Succession, and shall have Power to purchase and hold Lands for the Purposes of the Undertaking, within the Restrictions herein and in the recited Acts contained. Capital. Number and Amount of Shares. Calls. +%* IV. And be it enacted, That the Capital of the Company shall be Six hundred thousand Pounds. V. And be it enacted, That the Number of Shares into which the Capital shall be divided shall be Twelve thousand, and the Amount of each Share shall be Fifty Pounds. VI. And be it enacted, That Ten Pounds per Share shall be the greatest Amount of any One Call which the Company may make on the Shareholders, and Thirty Pounds per Share shall be the utmost aggregate Amount of Calls that may be made in any One Year upon any Share, and Three Months at the least shall be the Interval between successive Calls. After 5L paid up, Interest to be paid till Railway completed. VII. And be it enacted, That it shall be lawful for the Directors of the said Company, when and so soon as the Sum of Five Pounds shall have been paid up in respect of any of the Shares of the said Undertaking,.and from thenceforth until the said Railway shall be completed io and 8 & 9 VICTORIA, C^.clxxxviii. 4551 and opened to the Public, to pay Interest on the said Sum of Five Pounds, at any Rate not exceeding Five Pounds per Centum per Annum, in respect of every Share from the Day on which that Amount shall have been paid, and on all further Sums to be from Time to Time called up in respect of the said Shares from the respective Days on which such further Calls shall become payable, such Interest to accrue and be paid at such Times and Places as the Directors for the Time being shall appoint for that Purpose: Provided always, that no Interest shall accrue to the Proprietor of any Share upon which any Call shall be in arrear, in respect of such Share or any other Share to be holden by the same Proprietor, during the Period while such Call shall remain unpaid. VIII. And be it enacted, That no Shareholder of the Company Extent of shall be liable for or charged with the Payment of any Debt or pKat :1^i0fc Demand due from the Company beyond the Extent of his Share in the Capital of the Company not then paid up. IX. And be it enacted, That it shall be lawful for the Company to Power to borrow on Mortgage or Bond any Sums not exceeding in the whole krrow the Sum of Two hundred thousand Pounds ; but no Part of such Sum L oney* shall be borrowed until the whole of the said Capital or Sum of Six hundred thousand Pounds shall have been subscribed for, and One Half thereof shall have been actually paid up. X. And be it enacted, That the Number of Directors shall be Six, Number and and the Qualification of a Director shall be the Possession of Ten Qualification Shares in the Undertaking. XL And be it enacted, That it shall be lawful for the Company Power to to increase or reduce the Number of Directors, and to declare of what ry *he - Number the Directors shall thenceforth consist. Directors, XII. And be it enacted, That William Tothill, Henry Simonds, First Direc- Peter Maze, John William Miles, James Lean, and Frederick Pratt lors' Barlow, shall be the first Directors of the Company. And be it enacted, That the Quorum of a Meeting of Quorum, Directors shall be Three. And be it enacted, That the Directors may appoint One or Committees more Committees consisting of such Number of Directors as they of Directors. think fit. f XV. And be it enacted, That the Directors appointed by this Act Directors to shall continue in Office until the first Ordinary Meeting to beheld J^2ainin-i after the passing of this Act; and at such Meeting the Shareholders j^t^di- present, personally or by Proxy, may either continue in Office the naryMeetin Directors appointed by this Act, or any Number of them, or may elect a new Body of Directors, or Directors to supply the Places of those not continued in Office, the Directors appointed by this Act being eligible as Members of such new Body. XVI. And X* 4552 Election of future Directors. First Meeting of the Company. Newspapers for Insertion of Advertisements. Power to make Railway accord-ing to deposited Plans. Line of Railway, 8 & 9 VICTORIA, Cop.clxxxviii. XVL And be it enacted, That at the first Ordinary Meeting to be held in the Year next after the Year in which such last-mentioned Directors shall have been appointed or elected, the Shareholders present, personally or by Proxy, shall elect Persons to supply the Places of the Directors then retiring from Office, agreeably to the Provisions in the said Companies Clauses Consolidation Act contained ; and the several Persons elected at any such Meeting, being neither removed or disqualified, nor having resigned, shall continue to be Directors until others are elected in their Stead in manner provided by the said Companies Clauses Consolidation Act. XVII. And be it enacted, That the first Ordinary Meeting of the Company shall be held within Three Months after the passing of this Act, XVIII. And be it enacted, That the Newspapers in which Adver tisements relating to the Affairs of the Company are to be inserted shall be a Newspaper published in the City or County of Oxford, and a Newspaper circulating in the District, within which the Company's principal Place of Business shall be situated; XIX. And whereas Plans and Sections of the Railway, showing the Line and Levels thereof, and also Books of Reference containing the Names of the Owners, Lessees, and Occupiers, or reputed Owners and Lessees and Occupiers of the Lands through which the same is intended to pass, have been deposited with the Clerks of the Peace of the Counties of Berks, Oxford, Northampton, apd Warwick ; be it enacted, That, subject to the Provisions in this and the said recited Acts contained, it shall be lawful for the said Company to make and maintain the said Railway and Works in the Line and upon the Lands delineated on the said Plans .and described in the said Books of Reference, and to enter upon, take, and use such of the said JL.ands as shall be necessary for such Purpose. XX. And be it enacted, That the said Railway shall commence by a Junction with the Oxford Branch of the Great Western Railway either in the Liberty of Grand Pont and Parish of Saint Aldate in the City of Oxford and Counties of Oxford and...

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