Shrewsbury Gasworks Act 1857
| Jurisdiction | UK Non-devolved |
| Citation | 1857 c. lviii |
| Year | 1857 |
ANNO VICESIMO & VICESIMO PRIMO
VICTORIA REGINJE.
••ft*************************************************
Cap,
Iviii.
An Act for lighting with Gas the Borough of
Shrewsbury and the Neighbourhood
thereof,
in
the County of
Salop.
[27th July 1857.]
W
HEREAS an Act was passed in the First Year of the
Reign of His late Majesty King George the Fourth,
intituled An Act for lighting with Gas the Town and 1 G.
4.
c.lvi.
Suburbs of Shrewsbury in the County of Salop, and by the said
Act " The Shrewsbury Gaslight Company " were incorporated,
and that Act provided that the Capital of the Company should not
exceed Eight thousand Pounds, divided into Shares of Ten Pounds
each, but that in case such Sum should be insufficient for making,
completing, and maintaining the Undertaking, and defraying all ne-
cessary Charges relating thereto, the Company might raise and con-
tribute among themselves, in such Shares and Proportions as to them
should seem meet, or by the Admission of new Subscribers, a further
Sum not exceeding Two thousand Pounds; and that except by a
Subscription of Shares in manner and to the Extent therein directed
the Company should not borrow or take up by way of Loan any
Sum or Sums of Money whatsoever : And whereas the Company
proceeded to execute that Act, and raised the said Sum of Eight
thousand Pounds in Shares of Ten Pounds each, and, finding that
[Local.'] 9 T Capital
810 20° & 21° VICTORLE, Cap.hni.
The Shrewsbury Gasworks Act, 1857.
Short Title.
Capital insufficient, they also raised the said Sum of Two thousand
Pounds in Shares of Ten Pounds each in the Mode provided by the
recited Act, but no Preference Shares have been created : And
whereas the Company have constructed Gasworks as authorized by
the recited Act, and have for many Years supplied the Town of
Shrewsbury and the Neighbourhood thereof with Gas: And whereas
the Capital authorized by the recited Act having been found insuffi-
cient to enable the Company to carry on their Undertaking with
Efficiency, they have from Time to Time expended upon permanent
Works connected with their Undertaking Sums of Money amounting
in the whole to more than Ten thousand Pounds out of Revenue
applicable to Dividends, and the Sum of Sixteen hundred and sixty
Pounds or thereabouts was on the First Day of June in the present
Year due to the Bankers of the Company; but the Company have
not borrowed any Money on Mortgage or Bond: And whereas it
is expedient that Ten thousand Pounds, Part of the Moneys so ex-
pended out of Revenue, and representing Works now in actual Use,
should be considered Part of the Capital of the Company, and that
the Company should be authorized to raise further Moneys by Shares
and also by Mortgage or Bond; and that the Powers of the Company
should in other respects be altered and enlarged: And whereas it
will be more convenient if the recited Act be repealed, and if the
Company be reconstituted, with such Alterations in and Additions to
their Powers as are by this Act provided: And whereas the Objects
aforesaid cannot be effected without the Aid and Authority of Parlia-
ment : 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, as follows; (that is to say,)
I. This Act may be cited for any Purpose as " The Shrewsbury
Gasworks Act, 1857."
repealed. H- On aQd from the passing of this Act, but subject to the Pro-
visions
thereof,
the recited Act of the First George the Fourth, Chap--
ter Fifty-six, shall by this Act be repealed.
cc*i6."&Ci8.
HI- "The Companies Clauses Consolidation Act, 1845," "The
and Lands Clauses Consolidation Act, 1845," and " The Gasworks
io
& 11
Vict.
Clauses Act, 1847," shall (except so far as any of the Clauses and
porated. Provisions thereof respectively are by this Act varied or excepted)
be incorporated with and form Part of this Act: Provided always,
that nothing in " The Lands Clauses Consolidation Act, 1845," or
in this Act contained, shall authorize the Company to purchase, take,
or use any Land otherwise than by Agreement. IV. Except
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