Slamannan Junction Railway Act 1844

JurisdictionUK Non-devolved
Citation1844 c. lxx
ANNO SEPTIMO & OCTAVO
VICTORLE REGINA.
****************************************************
Cap.
lxx.
An Act for making a Railway to connect the Edin-
burgh and
Glasgow
and
Slamannan
Railways.
[4th July 1844.]
W
HEREAS the Formation
ofTÄ
Railway from the Edinburgh
and
Glasgow
Railway near
Myrehead
to the Slamannan
Railway near
Causewayend
Basin in the County of Stir-
ling would be of great public Advantage: And whereas the Persons
herein-after named are willing, at their ovvn 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; and be it enacted by the Queen's most Ex-
cellent 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 John
Learmonth,
Incorpora-
John
George
Hamilton,
Thomas Dunlop Douglas,
Archihald
Smith, tlon of Cor
John
Fleming,
Sutherland
Mackenzie,
and
Alexander
M'Neil, and all pany'
other Parties
who
have already subscribed or shall hereafter subscribe
to the said Undertaking, and their Executors, Administrators, Succes-
sors,
and Assigns respectively, shall be united into a Company for
[Locol] 37 T the
3386
Capital.
Shares.
Shares to be
Personal
Estate.
Share-
holders.
Registry of
Share-
holders.
Addresses
of Share-
holders.
7°
&
8° VICTORL^ CapAxx.
the Purpose of making the Railway herein-after more particularly
described, with the proper Works and Conveniences connected there-
with, according to the Provisions of this Act, and for the Purpose afore-
said shall be incorporated by the Name of the "
Slamannan
Junction
Railway Company," and by that Name shall be a Body Corporate,
with perpetual Succession, and shall have Power to purchase and hold
Lands, within the Restrictions herein-after contained, for the Purposes
of the said Undertaking.
II.
And whereas the estimated Expence of making the said Rail-
way and Works is Eight thousand Pounds; be it enacted, That
Twelve thousand Pounds shall be the Capital of the said Company.
III.
And be it enacted, That the said Capital shall be divided into
Two hundred and forty Shares, each of the Amount of Fifly Pounds;
and such Shares shall be numbered in arithmetical Progression, be-
ginning wath Number One, and every such Share shall be distin-
guished by its appropriate Number.
IV. And be it enacted, That all Shares in the Undertaking shall be
Personal Estate, and transmissible as such, and shall not be of the
Nature of Real Estate.
V. And be it enacted, That every Person who shall have sub*
scribed or shall subscribe the Sum of Fifly Pounds or upwards to the
Capital of the Company shall be deemed a Shareholder of the Com-
pany, and shall be entitled to have One Share therein allotted to
him in respect of every Sum of Fifty Pounds so subscribed by him.
VI.
And be it enacted, That the Company shall keep a Book, to
be called the " Register Book of Shareholders;" and in such Book
shall be fairly and distinctly entered from Time to Time the Names
of the several Corporations, and the Names and Additions of the
several Persons, being Shareholders of the Company, the Number of
Shares to which such Shareholders shall be respectively entitled,
distinguishing each Share by its Number, and the Amount of the
Subscriptions paid on such Shares; and such Book shall be authen*
ticated by the Common Seal of the Company being affixed theretor
and such Authentication shall take place at the first Ordinary
Meeting or at some subsequent Meeting of the Company.
VII.
And be it enacted, That, in addition to the said Register of
Shareholders, the Company shall provide a proper Book, to be called
" The Shareholders Address Book," in which the Secretary shall from
Time to Time enter the Places of
Abode
of the several Shareholders
of the Company; and every Shareholder, or if such Shareholder be a
Corporation the Clerk or Agent of such Corporation, may at all
convenient Times peruse such Book
gratis,
and may require a Copy
thereof or of any Part
-thereof;
and for every Hundred Words so
required to be copied the Company may demand a Sum not exeeeding
Sixpence.
VHI. And
7° & 8° VICTORIA, Cap.hx. 3387
VIII. And be it enacted, That on Demand of the Holder of any Certificates
Share the Company shall cause a Certificate of the Proprietorship
ot"
Siiares.
of such Share to be delivered to such Shareholder, and such Certifi-
cate shall have the Common Seal of the Company affixed thereto;
and such Certificate shall specify the Share in the Undertaking to which
such Shareholder is entitled, and the same may be according to the
Form in the Schedule (A.) to this Act annexed, or to the like Effect;
and for such Certificate the Company may demand any Sum not
exceeding Two Shillings and Sixpence.
IX. And be it enacted, That such Certificate shall be admitted in Certificate
all Courts as prima fade Evidence of the Title of such Shareholder, t0 be Evl"
his Executors, Administrators, Successors, or Assigns, to the Share ence*
therein specified; nevertheless the Want of such Certificate shall not
prevent the Holder of any Share from disposing
thereof.
X. And be it enacted, That if any such Certificate be wora out or Certificate
damaged, then upon the same being produced at some Meeting of the t0 be re"
Directors such Directors may order the same to be cancelled, and
je"tf
\ie!1
thereupon another similar Certificate shall be given to the Party in
whom the Property of such Certificate and of the Share therein
mentioned shall be at the Time vested, or if such Certificate be lost
or destroyed, then upon Proof thereof a similar Certificate shall be
given to the Party entitled to the Certificate so lost or destroyed; and
in either Case a due Entry of
the
substituted Certificate shall be made
by the Secretary in the Register of Shareholders; and for every
such Certificate so given or exchanged the Company may demand
any Sum not exceeding Two Shillings and Sixpence.
XL And be it enacted, That, subject to the Regulations herein Transfers
of
contained, every Shareholder may seil and transfer his Shares in the Sha.res t0,be
Railway by Deed duly stamped, in which the Consideration shall be &£
truly stated, and such Deed may be according to the Form in the
Schedule (B.) to this Act annexed, or to the like Effect; and the
same (when duly executed) shall be delivered to the Secretary, and
be kept by him, and the Secretary shall enter a Memorial thereof in
a Book to be called " The Register of Transfers," and shall endorse
such Entry on the Deed of Transfer, and for every such Entry and
Endorsement the Company may demand any Sum not exceeding Two
Shillings and Sixpence ; and on the Request of the Purchaser of any
Share an Endorsement of such Transfer shall be made on the Certi-
ficate of such Share, instead of a new Certificate being granted, and
for such Endorsement the Company may demand any Sum not
exceeding Two Shillings and Sixpence; and such Endorsement, being
signed by the Secretary, shall be considered in every respect the
same as a new Certificate; and until such Transfer have been so
delivered to the Secretary as aforesaid the Purchaser of the Share
shall not be entitled to receive any Share of the Profits of the said
Undertaking, or to vote in respect of
such
Share.
XII.
And whereas there are now and may be hereafter rnany Regulating
Shareholders of the said Company who reside in England, and Sales ^"^ f
of Shares are frequently made by Persons in England to Persons in $^1^
Scotland,

To continue reading

Request your trial

VLEX uses login cookies to provide you with a better browsing experience. If you click on 'Accept' or continue browsing this site we consider that you accept our cookie policy. ACCEPT