Swansea Dock Act 1847
| Jurisdiction | UK Non-devolved |
| Citation | 1847 c. cxxiii |
| Year | 1847 |
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Ca/?.
cxxiii.
An Act for constructing and maintaining Docks
and other Works at or near the South Side of
the Town of Swansea in the Town and Franchise
of Swansea in the County of Glamorgan.
[2d July 1847.]
W
HEREAS the Construction of Docks and Basins on the
South Side of the Town of Swansea, with an Entrance into
the same from the River Tawe, with proper Works and
Conveniences connected therewith, would be of great public Advan-
tage
:
And whereas the several Persons herein-after mentioned, with
others, 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; 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 several Acts following, that
8 & 9
Vict.
is to say, the Companies Clauses Consolidation Act, 1845, the Lands
Jjj*
*^&
Clauses Consolidation Act, 1845, and the Harbours, Docks, and io&nVict.
Piers Clauses Act,
1847,
shall be incorporated with and form Part of c.
27.
ex-
this Act. tended to
rLocal.] 17 T II. And thls Act*
1546 10° & 11° VICTORIA, Cttp.qxxfti.
Short Title. II. And be it enacted, That in citing this Act in other Acts of
Parliament, and in legal Instruments, Parliamentary Notices, and
other Documents, it shall be sufficient to use the Expression " The
Swansea Dock Act, 1847.''
Subscribers HI. And be it enacted, That Evan Morgan, Nathaniel Cameron,
incorporated. Lewis Llewelyn Dillwyn, Nathaniel Pryce Cameron, William Booth,
Joseph Pryce Cameron, Michael John Michael, Edmund Nash Nor-
cott, and all other Persons and Corporations who have already sub-
scribed or shall hereafter subscribe to the Undertaking, and their
Executors, Administrators, Successors, and Assigns respectively, shall
be united into a Company for the Purposes herein-after mentioned,
according to the Provisions of the said recited Acts and of this Act,
and for such Purposes shall be incorporated by the Name of the
" Swansea Dock Company," and by that Name shall be a Body Cor-
porate, with perpetual Succession, and shall have Power to purchase
and hold Lands for the Purposes of the said Undertaking, subject to
the Restrictions and Provisions herein and in the said incorporated
Acts contained, and shall be at liberty to have and use a Common
Seal.
Name of
Company-
Capital. IV". And be it enacted, That the Capital of the Company shall be
One hundred thousand Pounds.
Shares,
Calls.
Power 10
borrow
Money on
Mortgage.
First and
other Meet-
ings.
Quorum of
General
Meetings.
V. And be it enacted, That the Number of Shares into which the
said Capital shall be divided shall be Five thousand, and the Amount
of each Share shall be Twenty Pounds.
VI.
And be it enacted, That Four Pounds per Share shall be the
greatest Amount of any One Call which the Company may make on
the Shareholders, and that Two Months at the least shall intervene
between successive Calls.
VII.
And be it enacted, That it shall be lawful for the Company to
borrow on Mortgage or Bond any Sums of Money not exceeding in
the whole the Sum of Thirty-three thousand Pounds; but no Part of
such Sum shall be raised until the whole of the said Capital or Sum
of One hundred thousand Pounds is subscribed for, and One Half
thereof shall have been actually paid up.
VIII. And be it enacted, That the First General Meeting of the
Company shall be held in London within Two Months after the
passing of this Act, and the subsequent General Meetings of the
Company shall be held in the Months of January and July ; and that
the January Meetings shall be held in Swansea, and the July Meet-
ings shall be held in London, in each Year; and that all Extraordinary
Meetings shall be held at such Place or Places as the Directors shall
from Time to Time appoint.
IX. And be it enacted, That the Quorum for any General Meeting
of the Company shall be Ten Shareholders holding in the aggregate
not less than Two hundred Shares of the Capital Stock of the
Company. ^ And
W
&
U* VlKffORl'42, Cap.cxxiii. 1547
X. And be it enacted, That the Number of Shareholders on whose Number of
Requisition an Extraordinary Meeting may be required to be con- Shareholders
vened shall be Fifteen Shareholders holding in the aggregate not Extraordi-
less than Two hundred and fifty Shares of the Capital Stock of the nary General
Company. Meetings.
t
XL And be it enacted, That the Ordinary Meetings of the Direc- Meetings ot
tors of the Company shall be held at Swansea, but that a Meeting of Directors.
Directors shall also be held monthly in London, and a Meeting of
Directors shall also be held in London within One Month and within
not less than Fourteen Days after the passing of this Act.
XII.
And be it enacted, That, subject to the Provisions herein Number and
contained for increasing or reducing the Number of Directors, the Qualification
Number of Directors shall be Seventeen ; and the Qualification of a Doctors.
Director shall be the Possession in his own Right of Twenty Shares
in the Undertaking.
XIII. And be it enacted, That it shall be lawful for the Company Power to
from Time to Time to increase or reduce the Number of Directors of ™ry tne
the Company; but the whole Number of Directors after such an
j^^^
Increase or Reduction as aforesaid shall not be greater than Seven-
teen nor less than Eight.
XIV. And be it enacted, That Evan Morgan, Nathaniel Cameron, First Di-
Sir Andrew Pellett Green, Lewis Llewelyn Dillwyn, Alexander rector?.
Hamilton Earle, George Byng Morris, Nathaniel Pryce Cameron,
William Booth, Joseph Pryce Cameron, Edmund Nash Norcott,
Michael John Michael, Thomas Walters, William Edmond, Mattltew
Moggridge, David Francis, William Walters, Jacob Montefiore, and
Robert Eaton, shall be the first Directors of the Company.
XV. And be it enacted, That the Quorum of a Meeting of Directors Quorum of
shall be Three. Directors.
XVI. And be it enacted, That the Number of Directors of which Committee
Committees appointed by the Directors shall consist shall be not less of Directors.
than Three nor more than Five, and the Quorum of such Committee
shall be Two.
XVII. And be it enacted, That it shall not be lawful for the Direc- Powers of
tors to grant Power to any Committee of their Body to make Calls Committees
for Money upon the Shareholders. of Director*-
XVIII. And whereas a Plan and Section of the Docks and Works, Company to
showing the Situation and Levels thereof respectively, and the Limits construct
within which the same are to be constructed, and also a Book of w^ks ac-
Reference containing the Name of the Owners, Lessees, and Occupiers cording to
of the Lands upon or through which the same are intended to be deposited
made, have been deposited with the Clerk of the Peace for the County Plan-
of Glamorgan ; be it enacted, That, subject to the Provisions in this
and the said incorporated Acts contained, it shall be lawful for the
Company
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