New South Wales: Joadja Creek Railway Transfer Act of 1890 54 Vic (NSW)

1890. 54' VIC. Joadja Creek Railway Transfer. An Act to enable the " Australian Kerosene Oil and Mineral Company (Limited)" or the liquidators thereof to transfer the Joadja Creek Railway, and the rights, powers, and privileges vested in them by the "Joadja Creck Railway Act of 1880" to another Company to be formed and registered in the Colony of New South Wales under the "C ompanies Act." [Ath December, 18980. | Joapsja CREEK Rattway TRANSFER, IZEREAS on the seventeenth day of October, one thousand Preamble. cight hundred and seventy-cight, the "Australian Kerosene Oil and Mineral Company (Limited)," hereinafter called the said Company, was duly registered under the "Companies Act" for the objects in the memorandum and articles of association of the said Company stated with a capital of fifty thousand pounds divided into five thousand shares of ten pounds cach: And whereas by the * Joadja Creck Railway Act of 1880," the said Company was em- powered to construct a railway to connect the Joadja Creck Tramway with the Great Southern Railway, and all necessary powers for con- structing and maintaining the said railway were duly conferred by the said Act on the said Company: And whereas it is intended to wind up the said Company and to form a new Company with a capital of not less than two hundred and fifty thousand pounds, for the purpose, among other things, of taking over the property, assets, and liabilities of the said Company: And whereas the rights, powers, and privileges conferred on the said Company by the said Act cannot be transferred without the authority of the Legislature: Be it therefore enacted by the Queen's Most Exccllent Majesty, by and with the advice and consent of the Legislative Council and Legislative Assembly of New South Wales in Parliament assembled, and by the authority of the same, as follows :— 1. In the event of a new Company being formed in the Colony Authority to of New South Wales under the " Companies Act"? with a capital 8 transfer railway of not less than two hundred and fifty thousand pounds, for the" purpose (among other things) of taking over the asscts, property, and liabilities of the said Company, it shall be lawful for the said Com- pany or the liquidator or liquidators thereof to transfer to such new Company, together with the assets, properties, and liabilities of the said Company, or so much of them as shall be transferred to such new Company, all the property, rights, powers, and privileges conferred on the said Company by the said Act, and to execute all proper instru- ments of transfer accordingly, and the said new Company shall, upon due execution of such instruments of transfer, have and enjoy the same rights, powers, and privileges, and be su ject to the same liabilities under the said Act in the same manner and as fully as if the said new Company were the Company named in the said Act. ights. 2. This Act may be cited as the "Joadja Creck Railway skort title. Transfer Act of 1890." An