Rugby and Leamington Railway Act 1846

Publication Date:January 01, 1846
 
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Rugby and Leamington Railway Act 1846

(9 & 10 Vict.) c. ccclxviii

An Act for making a Railway from the London and Birmingham Railway in the Parish of Rugby in the County of Warwick to Leamington in the County of Warwick.

[13th August 1846]

ANNO NONO & DEGIMO ?* i -4 ^^ *#ifc.#ifc#*#.##jfr#jk*##.#^ Cap.Gcclxviii An Act for making a Railway from the London and Birmingham Railway in the Parish of Rugby in the of Wanvick to Leamington in the County of Warwick. [13th Augml 1846,] HEREAS the making of a Railway from the London and Birmingham Railway in the Parish .of Rugby in the County of Warwick to the Town of Leamington in the County of Warwick would be of great public Advantage:, And whereas the Persons herein-after named are willing, at their own Expence, to carry such Undertaking into execution; but the same cannot be effected -without the Authority .of Parliament: May it therefore please Your Majesty that it may be .enacted.; fand 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 Autho rity, of the same, That the .several Acts following, (that? is to say,) the Companies Clauses Consolidation Act, 1845, the Lands Clauses Consolidation Act, 1845, and the Railway Clauses Con solidation Act, 1845, shall be incorporated and .form Part of this Act, and the Provisions of the said several Acts shall be applicable to the Purposes of this Act, except so far as the same Provisions or £LocaL2 75 A any S&9 Vict. cc. 16. 18. and 20. incorporated with this Act. 6810 9 & 10 VICTORIA, Cajo.ccclxviii. any of them, are inconsistent with the Provisions of this Act, or are herein-after declared not to extend thereto. Short Title. II. And be it enacted, That in reciting this Act in other Acts of Parliament, and in legal Instruments, it shall be sufficient to use the Expression " The Rugby and Leamington Railway Act, 1846. Subscribers incorporated. III. And be it enacted, That Sir Gray Skipwith Baronet, Edward Horsman Esquire, Member of Parliament, Richard Burton Phillipson Esquire, Bonamy Price Esquire, Thomas George Skipwith Esquire, William Sale Banker, Edward Cropper Esquire, Constantine Richard Moorsom, a Captain in the Royal Navy, and Thomas Smith Esquire, and all other Persons and Corporations who have already subscribed 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 London and Birmingham Railway in the Parish of Rugby in the County of Warwick to or near to the Town of Leamington in the County of Warwick, with proper Works and Conveniences belonging thereto, according to the Provisions of the several Acts incorporated herewith, and of this Act, and for other the Purposes herein and in the several Acts incorporated herewith, and of this Act, and for other the Purposes herein and in the several Acts incorporated herewith contained; and for the Purposes aforesaid such Company shall be incorporated by the Name of " The Rugby and Leamington 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 several Acts incorporated herewith contained. Capita] * . IV, And whereas the estimated Expence of making the intended Railway and Works is Three hundred and sixty thousand Pounds; be it therefore enacted, That the Capital of the Company shall be Three hundred and sixty thousand Pounds. Number and Amount of Shares. Calls, ? V. And be it enacted, That the Number.and. Amount of Shares into which the Capital shall be divided shall be Twenty-two thousand and five hundred, and the Amount of each Share shall be Sixteen .Pounds. VI. And be it enacted, That Five Pounds per Share shall be the greatest Amount of any One Call which the Company may make on the Shareholders, and Three Calls shall be the greatest Number in any One Year upon any Share, and Three Months at least shall be the Interval between successive Calls. Interest on Calls to be paid till Railway:.. completed. -I T" , 1 VIL And be it enacted, That.it http://That.it shall vbe lawful for the Directors, until the Railway' shall be completed, to pay Interest at any Rate not exceeding Four Pounds per Centum per Annum on all Sums contributed or paid in respect of any Shares from the Time at which Contributions or Payments shall be made ; provided that no Interest e . ? shall 9& 10 VICTORIA, Cap.ccdxvm. 6811 shall be paid in respect of any Share upon which any Call shall be paid in arrear. VIII. And be it enacted, That it shall be lawful for the Company Power to to borrow on Mortgage or Bond any Sums not exceeding in the ^row whole the Sum of-One hundred and twenty thousand Pounds; but j\foj"t^g£ no Part of such Sum shall be borrowed until the whole of the Capital or Sum of Three hundred and sixty thousand Pounds shall have been subscribed for, and One Half thereof shall have been actually paid up. IX. And be it enacted, That the first Ordinary Meeting of the First and Company shall be held within Three Months next after the passing g ^err1 of this Act, and the subsequent Ordinary Meetings of the Company Meetir shall be held half-yearly in the Months of July and January; and the first of such Ordinary half-yearly Meetings shall be held in January One thousand eight hundred and forty-seven ; and all Meetings, whether ordinary or extraordinary, shall be held in London, Rugby, or Leamington, as may be appointed by the Directors for the Time being. X. And be it enacted, That the Quorum for every General Quorum of Meeting of the Company shall be Five or more Shareholders holding ^ene^a|r in the aggregate not less than Twenty thousand. Pounds in the * *"" * Capital of the Company, XL And be it enacted, That the Number of Directors shall be Q^jjjfclat^ Ten, and the Qualification of a Director shall be the Possession in ^Directors. his own Right of Fifty Shares in the Undertaking. \ XII. And be it enacted, That it shall be lawful for the Company Power to to increase or reduce the Number of Directors, provided that the S^u f increased Number do not exceed Fifteen, and that the reduced Directors. Number be not less than Six. XIII. And be it enacted, That Sir Gray Skipwith Baronet, First Di- Edward Horsman Esquire, Member of Parliament, Thomas Edward rectors- Dicey Esquire, Richard Burton Phillipson Esquire, Bonamy Price Esquire, Thomas George Skipwith Esquire, William Sale Esquire, Edward Cropper Esquire, Constantine Richard Moorson, a Captain in the Royal Navy, and Thomas Smith Esquire, shall be the first Directors of the Company. XIV. And be it enacted, That the Directors appointed by this Directors to Act shall continue in Office until the first Ordinary Meeting to be offi^until held after the passing of the Act; and at such Meeting the Share- first Meet- holders present, personally or by Proxy, may either continue in ing after Office the Directors appointed by this Act, or any Number of them, Posing of or may elect a new Body of Directors, or Directors to supply the l IS ct" Places of those not continued in Office, the Directors appointed by this Act "being eligible as Members of such new Body. XV. And 0812 9 & 10 VICTORIA, Cap.ccclxviii. Quorum XV. And be it enacted, That the Quorum of a Meeting of of Directors. Directors shall be Five. Committees . XVL And be it enacted, That * the Number of Directors of which of Directors. Committees appointed by the Directors shall consist shall not be less than Three or more than Five, and the Quorum for every such Committee shall be Three. Fees to be XVII. And be it enacted, That the Fees to be demanded by the taken by the Company for the following Matters shall not exceed the Sums Company. r *\ J ,,, . . following ; (that is to say,) For a Share Certificate, One Shilling: !For the Renewal of a worn-out or destroyed Certificate, One Shilling: For the Entry of a Declaration of Proprietorship, Two Shillings and Sixpence : For an Entry of the Indorsement of the Transfer of Shares, Two Sbillin'gs and Sixpence: Fdr the Entry of the Transfer of a Mortgage, Two Shillings and Sixpence. Share- XVIII. And be it enacted, That the Number of Shareholders who holders may shan ^e competent to require the Directors to call an Extraordinary t^rTovmLiyX" Meeting of the Company, or who, in default thereof, shall be corn-Meetings, petent to call such Meeting, shall be Ten, holding in the aggregate not less than One Fortieth Part of the Capital of the Company. Newspapers XIX. And be it enacted, That the Newspaper in which Advertise-for -insertion rnents relating to the Affairs of the Company to be inserted shall be met?s!ertiSe" Published in Warwick. Railway to XX, And whereas Plans and Sections of the Railway showing the be made ac- Ljne and Level thereof, and also Books of Reference containing deposited0 ^e Names of the Owners or -reputed Owners, Lessees or reputed Plans. Lessees, and Occupiers of the Lands ^through which the same is intended to pass, have been deposited with the Clerk of the Peace of the County of Warwick; be it enacted, That, subject to the Provisions in this Act, and the Acts incorporated herewith, or any of them, Contained, it shall be lawful for the Company to make and maintain the Railway and Works in the Line and upon the Lands delineated upon the said Plans and described in the said Books of Reference, and to enter upon, take, and use such of the said Lands as shall be necessary for such Purposes. Line of XXI. And be-it enacted, That the Railway shall commence by Railway. a Junction with "the London and Birmingham Railway in the Parish of Rugby.vn the County of Warwick, and shall pass Xrom thence in, from, through, or into the following Parishes or Places, or some of them, (that is to...

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