Queensland Investment and Land Mortgage Company Act 1903
| Jurisdiction | UK Non-devolved |
| Citation | 1903 c. iv |
| Year | 1903 |
CHAPTER
iv.
An
Act for enabling the Queensland Investment and
Land
A.D.
1903.
Mortgage
Company
Limited
to
pay
off
capital paid in
advance
of
calls and
for
other purposes.
[30th
Julie
1903.1
-
‘HERFJAS
on
tlie 24th day
of
June 1878 the Queensland
Investment and Land Mort!zagc
v
Company Limitcd
(in
thi6
Act called
“the
Company”)
was
iucorporated
as
a
company
limited by shares under
the
Companies Acts 1862 and 1867
for
the purposes (amongst others)
of
investment,
and
loan
of
nioney
at
iiiterest on tlie security
of
real
or
other
property
and
the
acquisition and establishinent
of
mercantile agencies in Queensland
and elsewhere
:
And whereas the original capital
of
tlie
Coinpany
was
52,000,000 divided into 200,000 shares
of
$10
each:
And whereas
by
virtue
of
several orders
of
the High Court
of
Justice in England reducing the ca,pital
of
the Company
and
by
virtue
of
the provisions
of
the Queensland
Invcstment
and
Land
Mortgage Company’s Act 1894 (in this Act called “the Act
of
1894”)
and
of
special resolutjoiis
pnsseci
iii
tlie
terms thercoE
l~y
the Company the capital
of
tlic Company is now &1,432,796
macle
up
as
follows (that is
to
25,000 shares
of
220
cach
wliich are
unissucd
;
2,521 preferred ordinary shares of
Sl
10s.
Od.
each
canyinp
a
fixed
preferential non-cumulative dividentl
ut
the ratc
of
5
per cent.
per
annuni on
the
capital paid
up
thereon and
ranking
pari
passu with tlic
prefr:rrcd
ordinary
stook
below
mentioned Such shares
being
fully paid up save
as
to
the
sum
of
Sl,647 12s. Id. representing calls
in
arrear
on
2,202
o€
such shares
;
[Price
9d.11
A
1
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