Ship Propeller Company Act 1839

Publication Date:January 01, 1839
 
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Ship Propeller Company Act 1839

(2 & 3 Vict.) c. xciii

An Act for forming and regulating a Company to be called "The Ship Propeller Company," and to enable the said Company to purchase certain Letters Patent.

[29th July 1839]

ANNO SECUNDO & TERTIO VICTORLE REGINJE *£*###-£####*#*#-## *##*######&**#################### Cap. xciii. An Act for forming and regulating a Company to be called "The Ship Propeller Company," and to enable the said Company to purchase certain Letters Patent. [29th July 1839.] HERE AS by Letters Patent under the Great Seal of Great Letters Pa-Britain, bearing Date at Westminster on or about the tent, dated Thirty-first Day of May in the Sixth Year of the Reign of JJ^3**7 w His late Majesty King William the Fourth, His said Majesty did give and grant unto Francis Pettit Smith, his Executors, Administra tors, and Assigns, the sole Privilege that he the said Francis Pettit Smith, his Executors, Administrators, and Assigns, and such others as he the said Francis Pettit Smith, his Executors, Administrators, or Assigns, should at any Time agree with, and no others, during the Term of Fourteen Years from the Date of the said Letters Patent, should and lawfully might make, use, exercise, and vend within that Part of the United Kingdom of Great Britain and Ireland called England,' the Dominion of Wales, and the Town of Berwick-upon- Tweed, an Invention therein mentioned of an improved Propeller for Steam and other Vessels : And whereas the Nature of the said Invention and the Manner in which the same was to be performed were declared by a Specification thereof duly enrolled in Chancery, and by a Memoran dum of Alteration thereof also duly enrolled: And whereas by [Local] 28 H Letters 2514 2 & 3 VICTORIA, Cap.xdii. Letters Pa- Letters Patent directed by His said late Majesty King William the tent for Scot- Fourth, at Saint James's Palace, on the Fourth Day of June One 4th June6 thousand eight hundred and thirty-six, to be sealed under the Seal,by 1836. the Treaty of Union ordained to be used in Scotland instead of the Great Seal thereof, and accordingly sealed with such Seal at Edin burgh on the Fifteenth Day of June in the said Year One thousand eight hundred and thirty-six, His said late Majesty did grant unto the said Francis Pettit Smith, his Executors, Administrators, and Assigns, the sole Privilege that he the said Francis Pettit Smith, his Execu tors, Administrators, and Assigns, or such other Persons as he should agree with, and no others, during the Term of Fourteen Years from the Date of the same Letters Patent, should make, use, exercise, and vend the said Invention therein described as an improved Propeller for Steam and other Vessels, within that Part of the United Kingdorp of Great Britain and Ireland called Scotland: And whereas the Nature of the said Invention and the Manner in which the same was to be performed were declared by a Specification thereof duly enrolled Letters Pa- in His said Majesty's High Court of Chancery in Scotland; And land d td w^'ereas by Letters Patent under the Great Seal of Ireland, bearing 3d Sept. Date at Dublin on or about the Third Day of September in the Seventh 1836. Year of the Reign of His said late Majesty King William the Fourth, His said late Majesty did give and grant unto the said Francis Pettit Smith, his Executors, Administrators, and Assigns, the sole Privilege that he the said Francis Pettit Smith, his Executors, Administrators, and Assigns, and such other Persons as he the said Francis Pettit Smith, his Executors, Administrators, or Assigns, should at any Time agree with, and no others, during the Term of Fourteen Years from the Date of the said Letters Patent, should and lawfully might make, use, exercise, and vend in Ireland the said Invention therein described as " an improved Propeller for Steam and other Vessels :" And whereas the Nature of the said Invention and the Manner in which the same was to be performed were declared by a Specification thereof duly enrolled in His Majesty's Court of Chancery in Ireland: And whereas the said Discovery and Invention comprised in the said Letters Patent respectively will be of great public Advantage and Importance, if Means are provided for facilitating the general Use thereof: And whereas the private Fortune of the said Francis Pettit Smith is insufficient to enable him to furnish the necessary Capital for carrying into fb.ll http://fb.ll Effect the Object of his said Discovery and Invention as aforesaid: And whereas the Right Honourable Charles Callis Lord Western, Admiral Charles Wollaston, Charles Andrew Caldwell, Henry Robinson, Edward Henry Darell, John Neave Wells, and Frederick Cayley Worsley, being well satisfied of the great Utility of the said Discovery and Invention, and that the full Benefit of the same would be most advantageously exercised and afforded to the Public by' a Joint Stock Company, to be formed and established for that Purpose, are desirous of purchasing the said Letters Patent so granted as aforesaid, and the said Francis Pettit Smith is willing to sell and assign the said Letters Patent unto the said Company, if they shall be authorized or enabled by Parliament to make such Assignment without making the said Letters Patent respectively void ; but the several Purposes aforesaid cannot be effected without the Aid and Authority of Parliament: May it therefore please Your Majesty that I it 2 & 3 VICTORIES, Cap.xcm. 2515 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 said Charles Callis Lord Company Western, Admiral Charles- Wollaston, Charles Andrew Caldwell, established. Henry Robinson, Edward Henry Darell^John Neave Wells, and Frederick Cayley Worsley, and all and every other Persons and Person, Bodies and Body Politic, Corporate, or. Collegiate, who shall for the Time being hold any Share or Shares in the Capital or Joint Stock herein-after mentioned, (so long as they shall respectively hold the same, and no longer,) and their respective Successors, Executors, Administrators, and Assigns, shall be and they are hereby established and united into a Joint Stock Company, by the Name of " The Ship Propeller Company." ?i II. And be it further enacted, That the said Company shall be Purpose of established for the Purpose of purchasing the said Letters Patent, and the Com-exercising the said Discovery and Invention, or any Part or Parts Pany-thereof, in the said Letters Patent mentioned, and also for the building, using, and employing any Ships or. Vessels, and fitting with the said Propeller any Ships or Vessels built by the said Company or otherwise, and also for the erecting and establishing Works containing such Apparatus and Machinery as to the said Company may seem expedient, arid also for the Appointment of proper Persons to attend, conduct, and manage the same, with full Power to the said Company to grant any Licences to others to use the said Discovery and Invention, or any Part or Parts thereof, under such Limitations and Restrictions as the said Company shall think fit, and generally to vend, use, employ, and deal with the said Invention, and the said Letters Patent, and any such Ships or Vessels, for their own Profit, Benefit, and Advantage, in such Manner in all respects as the said Company shall think fit, y * o III. And be it further enacted, That it shall be lawful for the said Patente Company to purchase, and also for the said Francis Pettit Smith, his ay ass,gn Executors, Administrators, and Assigns, at any Time after the passing t ** ^the" of this Act, to sell, transfer, grant, and assign unto the said Company, Company or unto any Person or Persons as a Trustee or Trustees for the said without For-Company hereby established, the said several Letters Patent granted felture-to the said Francis Pettit Smith as aforesaid, and the Invention therein comprised, and all the Rights, Privileges, Benefits, and Advantages of the said Francis Pettit Smith in or to the same, together with the Benefit of all or any Licences or Licence previously granted thereunder, or to grant unto the said Company, or to any Person or Persons as a Trustee or Trustees for the said Company hereby established, any Licence or Licences, exclusive or otherwise, to make, exercise, use, or verid the said Invention, or any Part or Parts thereof; and every such Sale, Transfer, Grant, and Assignment of any such Letters Patent as aforesaid, or of all or any of the Rights, Privileges, Benefits, or Advantages granted by such Letters Patent as aforesaid, or of all or any Benefit of such Licences, and any such Grant or Grants of Licence and Licences, to or in Trust for the said Company as aforesaid, shall be good, valid, and effectual to all Intents and Purposes, and shall not 2516 2 & 3 VICTORIA Cap.xcm. not render void any such Letters Patent, any Provisoes or Restrictions, Proviso or Restriction, contained or to be contained in any such Letters Patent to the contrary thereof in anywise notwithstanding; and after any such Sale, Transfer, Grant, or Assignment of such Letters Patent as aforesaid, or of any of the Rights, Privileges, Benefits, or Advantages granted by any such Letters Patent.as aforesaid, or of any such Licence or Licences as aforesaid, all such Letters Patent, Rights, Privileges, Benefits, Advantages, and Licences respectively shall be, and the same are hereby declared to be, fully, f absolutely, and effectually vested in the said Company, or held or possessed by some Person or Persons as a Trustee, or Trustees for the said Company, to all Intents and Purposes whatsoever; and.all and every such Letters Patent as aforesaid which shall or may be sold,. transferred, or assigned as aforesaid unto the said Company, or unto some Person or Persons as a Trustee or Trustees for the said Company, or...

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