New South Wales: Australasian Sugar Company Act 1842 6 Vic (NSW)

114 6 VIC. 1842. Australasian Sugar Company. ANNO SEXTO VICTORIA REGINA. HK KKK KKK KKK KK KK KK KKK KK HK KKK KKK HK KKK KKH KK KK KKK gfvmasax An Act for facilitating Proceedings by and against a certain Joint Stock Company called "The Australasian Sugar Company" and for other purposes therein mentioned. — [Tth September, 1842.] Preamble. W oem acertain joint stock company was some time since formed in the Colony of New South Wales under the style or firm of "The Australasian Sugar Company" for the purpose of carrying on the trade or business of purchasing and refining raw sugar the sale of sugar whether raw or refined by the company the sale of molasses the manufacture of animal charcoal ivory black soda sal ammonia blacking and such other business connected with the gencral objects of the company as the directors shall think fit and whereas the joint stock of the said company is held by proprictors partly residing in the said Colony of New South Wales and partly elsewhere and whereas the said joint stock company is under the management and superin- tendence of a Manager appointed by the directors of the said company and of a Board of Directors in or near Sydney in the said Colony of New South Wales the said hoard having its Chairman such directors heing severally sharcholders in the said company possessing ten shares or upwards in their own right who conduct and superintend the affairs of the said company in the carrying on the said business and whereas for enabling the said company the more readily to enforee payment of moneys that may become due to them from time to time and also to provide an easy remedy against the said company and the several proprietors of shares thercin for moneys that may be due to them also for facilitating any prosecution that may hereafter be instituted by the said company it is expedient to simplify all proceedings both at law and in equity by or against the said company by allowing one member thereof to sue and be sued in the place and stead of the whole which cannot be effected without the aid and authority of the Legislature Company to sue in Be it therefore enacted by iis Excellency the Governor of New South Menawee ofthe | Wales with the advice of the Legislative Council thereof That all actions tho directors. or suits against any person or persons indebted to the said joint stock company "whether a member thereof or otherwise and all other pro- ceedings at law or in equity to be instituted or prosecuted by or on behalf of the said joint stock company or wherein the said company is or shall be in any way coneerned against any person or persons body or bodies politic or corporate shall and may be lawfully instituted and prosecuted in the name of the Manager for the time being of the said company and in the event of his death or absence from the said Colony in the name or names of any one of the board of directors in Sydney at the time any such action suit or other proceeding shall be instituted as the nominal plaintiff complainant or petitioner for and on behalf of 1842. 6° VIC. 115 Australasian Sugar Company. of the said company and that all actions suits and other proceedings at. law or in equity to be commenced instituted and prosecuted against the said company shall be instituted and prosecuted against the said Manager or one of the said directors for the time being of the said hoard of direction as the nominal defendant for and on behalf of the said company and that inall prosecutions to be instituted or carried on by or on behalf of the said company for fraud upon or against the said company or for embezzlement forgery robbery or stcaling or other offence against the said company or any felony or misdemeanor in which the said company shall be concerned it shall be lawful to state the property of the said company to be the property of such Manager or director for the time being of the said board of direction and any offence committed with intent to injure or defraud the said company shall and lawfully may in such prosecutions or proceedings be stated or laid to have been committed with intent to injure or defraud such Manager or directoy for the time being of the said company and any offender or offenders may thereupon be lawfully convicted of any such offence and generally that in all cases wherein it would otherwise have been necessary to mention the names of the members composing the said company it shall be sufficient to use the name of such Manager or director for the time being of the board of direction. 2. And be it enacted That neither the death resignation nor 'Phe death of any vemoval of any such Manager or director for the time being shall abate Manse, udiettor or prejudice any such action suit proseeution or proceeding but. thie judice any action. sume may be continued in the name of the next or other suceceding Manager or director for the time being of the said company Provided always that no second suit action or other proceeding shall be at any time commenced by or against any such Manager or director for the same cause of action where the merits shall have been tried and decided in the first suit or action. 3. And be it enacted That a memorial of the name of the Memorial of the | Manager of the said company and also of all the directors for the time name of the Manager being of the board of direction in the form of or to the effect set forth recorded. in the Schedule hereto annexed signed by the said Manager and by cach of the directors of the board shall be recorded upon oath in the Supreme Court of New South Wales within thirty days after the passing of this Act and when and as often as any person shall be newly elected Manager or director of the said board of directors in Sydney a memorial of the name of such newly elected Manager or director in the same form or to the same effect as the above-mentioned memorial signed by such newly clected Manager or director shall in like manner be recorded upon oath in the said Supreme Court within thirty days next after such new Manager or director shall be elected Provided always that until such memorial as hereinbefore first mentioned shall be recorded in the manner herein directed no action suit or other procecding shall be instituted or prosecuted by the said company under the authority of this Act. 4. And whereas also it is deemed expedient and necessary that List of members &c. the names residences and descriptions of all the members of the said °°' company should be recorded for public information Be it enacted That the Manager for the time being shall within thirty days after the passing of this Act and within fifteen days from the first day of July in cach succeeding year cause a true list of all the then existing mem- bers of the said company with their respective places of abode (as far as the same may be known to him) and descriptions to be recorded on oath in the Supreme Court of New South Wales and that the same shall be open for inspection at all reasonable times by any person requiring the same on payment of a fee of one shilling and if any such Manager of the said Company shall fail to cause such list to be recorded in manner Members of the company shall be competent witnesses, Copy of deed attested by Manager to be recorded. Judgment decree or order against the Manager or director to affect the persons and separate pro perty of the com- pany. Act to extend to all future proprietors. Act not to affect tlie rights of Her Majesty. VIC. 1842. Australasian Sugar Company. manner aforesaid he shall be liable to a penalty of one hundred pounds to be recovered by action of debt in the said Supreme Court by any person or persons suing for the same. 5. And be it enacted That any person whose name shall he so recorded shall be considered a member of the said Company and be liable to be sued as such until a new list of members' names shall be recorded as aforesaid or until he shall give notice of his retirement in the New South Wales Government Gazette Provided always that in all actions suits prosecutions or other proceedings in which the said Manager or director for the time being of the board of direction shall be on behalf of the said company and under and by virtue of this Act plaintiff complainant petitioner or defendant it shall and may be lawful for the said Manager or director or for any other offiecr engaged in the executive duties of the said company to give evidence in such action suit petition or other proceeding notwithstanding such Manager or director for the time being ov other officer aforesaid shall or may be interested in the said action as a shareholder or copartner in the said company or otherwise. 6. And be it enacted That a copy of the deed of copartnership and settlement attested by the Manager for the time being to be a true transcript of the original deed of copartnership and settlement of the said company shall be recorded in the Supreme Court. of New South Walcs within thirty days after the passing of this Act and that the same shall be open for inspection at. all reasonable times by any person requiring the same on payment of a fee of one shilling and if such Manager shall fail so to record such attested copy of "the original decd of copartnership and settlement of the said company as aforesaid he shall be liable to a penalty of one hundred pounds to be recovered by action of debt in the said Supreme Court by any person or persons suing for the same. 7. And be it enacted That every judgment decree or order in any action suit or other proceeding at law or in equity against any such Manager or director for the time being as aforesaid shall have the same effect and operation upon the joint stock company and the persons and separate property of every shareholder or proprictor thercof as if every such sharcholder or proprictor had been party to such action suit or proceeding and such judgment decree or order had been obtained against him or them jointly and severally and may be enforced accordingly against either such joint stock and property or against the persons and separate property of any such Manager or director for the time being as aforesaid or of any proprietor or sharcholder of the said company Provided always that every such Manager director proprictor or shareholder shall be reimbursed all such costs damages and expenses as by any such event of any such suit action or other proceeding he shall sustain and be made liable to out of the joint stock and funds of the said company or in failure thereof out of the separate funds and property of the other members of the said company in due proportion as in ordinary case of copartnership. 8. And be it enacted That this Act and the powers and pro- visions herein contained shall at all times extend to the said company and every person who shall be a member thereof for the time being at whatever time he may have become a member of the said company and whether originally a member thercof or not. 9. Provided always and be it enacted That nothing in this Act contained shall be deemed to affect or apply to any right title or interest of Iter Majesty Her Heirs and Successors or of any body or bodies politic or corporate of any person or persons excepting such as are mentioned therein or of those claiming by from or under him or them. 10. 1842. 6° VIC. 117 Australasian Sugar Company. 10. Provided always and be it enacted That nothing herein con- Not to ineorporate tained shall extend or be construed to incorporate the members te aes of the of the said company or to relicve or discharge them or any of them from any responsibility duty contract or obligation whatsoever which by law they now are or at any time hereafter shall be subject or liable to cither between the said company or any of them and others or among themselves or in any other manner whatsoever except so far as the same is affected by the provisions of this Act and the true intent and meaning of the same. 11. And be it enacted That the said company shall upon the Company to elect death resignation removal or retirement of any such Manager or jan ser on directors directors proceed with as little delay as possible to clect some other with as little delay ag possible. person. in his stead and unless such election shall take place within one calendar month from the date of such death resignation or removal then all the privileges of the said company conferred upon them by this Act or to be conferred by any Act of the said Governor and Council shall utterly cease and determine and thenceforth it shall and may be lawful for any person or persons to commence and sustain an action against any individual shareholder or against any number of s narcholders i in or belonging to the said company. 12. Provided however and be it enacted That if the said Company not te company shall at any time engage in the business of the distillation of jigiges of distill spirits or commit or suffer to be committed by any person in. their tion ner to infring any law for the regu- employ any offence against the law in force within the Colony for the futon of distilleries. regulation 'of distilleries all the privileges granted to the said company hy this Act shall thenceforth cease and determine and thenceforth it shall and may be lawful for any person or persons to commence and sustain an action against any individual shareholder or against any number of shareholders in or belonging to the said company. 13. And be it enacted That a copy of the deed of copartnership Notarial eopy of and settlement of the said company certified and attested under the 4" of copartner- ship to be received hand and seal of some notary public to be a truc transcript of the as legal evidence in original deed of copartnership and settlement of the said company pn ere al shall be received as legal evidence of the contents of such deed of copartnership and settlement in all Courts of Law Equity Admiralty Vice-Admiralty and in all Courts of inferior jurisdiction in the Colony of New South Wales without any further proof thereof. 14. And be it enacted That this Act shall not commence or Act not to fale effect take effect until the same shall have reecived the Royal approbation assent thereto, and the notification of such approbation shall have been made by His Bxeelleney the Governor in the New South Wales Government Gazette. And he it enacted That when and as soon as this Act shall After Royal assent have received the Royal approbation and the notification of such pubtic Act. approbation shall have been made as aforesaid by His Excelleney the Governor in the New South Wales Government Gazette this Act shall be deemed and taken to be a public Act and shall be judicially taken notice of as such by the Judges of the Supreme Court of New South Wales and by all other Judges Justices and others within the Colony of New South Wales and its dependencies without being specially pleaded. SCHEDULE 6° VIC. 1842. Foster's Trustees. SCHEDULE REFERRED TO. Memoriat of the name of the Manager of " The Australasian Sugar Company " and of the Directors for the time being of the Board of Directors of the said company to be recorded in the Supreme Court of New South Wales pursuant to an Act of the Governor and Council passed in the sixth year of the reign of Her Majesty Queen Victoria intituled " An Act "¢ for facilitating Proceedings by and against a certain Joint Stock Company called ' The " Australasian Sugar Company' and for other purposes therein mentioned." ©. D. LK. K. F. Directors. L. M. A. B. Manager. @. H. N. 0. P.Q. of Sydney in the Colony of New South Wales maketh oath and saith that he was present and did sce the foregoing memorial signed by the above-named Manager and Directors respectively whose names appear thereto. Sworn this day of 184