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CABLEGRAMS

in ennoted as follows: — Tho amount of any ohII which for tho time being may bo unpaid upon any fihar* in a compnny shall, on nn.l (mm the duv when tlia (.'/ill hIiuII ho mid", hi deemed to bo a dobt due from tho It ' it ler of such nil ire to tho company, an I snail, on and from tho day on which it in payable, pro« vided procco(iint{B for tho purpone be cßrnmoncod within fourteen dnyg from that day, bo recoverable with interest thereon and coxta of suit by the mnnitffor defloribinj? himsolf in any proceeding therefor an manner of the company to whom tho call shall bo dur, in any Court of competent jurisdiction t and payment of any number of call* due by a sharp* holder may be onforced in one and the same proceeding. If proceeding bo not taken by tfad WAnn^or within the aforesaid fourtfltn days, tho djbt hIihII ncvorthelesfi bo ro» flovorablo thoreaftor by thu company, with costs of suit, but without interoat. I'ottPMrriTßEs. (8.) Notwithstanding any ferfeiture whutovor of auy flhar'o or dharen, tho iholdor thereof prior to it« lorfpituro shall •bo cliAfgonhlo with any liability incurred •prior to nuoh forfeiture j find, in so fur as ro.ipects any suoh liability n« lost mentioned, tho aforesaid holder shall be ch'craofi to be a contributory undo- the ■Haiti Aot in cane* wboro ik in'iy be neees nary to determine who aro contributorio*. MqUIDATORS. (9 ) Whore application is mnde to tho Court for its sanction to tlio removal of a ! liquidator, thfl Court or a Jud«o theruof may rrquiro that security bo Riven by the applicant for tho duo pronccution of his jipplicuiiJti, and for the payment of tho liquidator's exponsoß in oaso the applion* (ion bo unsuccessful; and in orcry caro of mii application ns nforosaul such Court or .Tudgd rt.ny malt a *uoh order as to it ■or him may uccm fltt'n^. (10.) Tho provision of ,tho flnid Act requirinj? tho manager of a company to commence prooeiidin^B hr tho rocovery of tho amount of any call due from shareliol(V;rft to n company within fourteon days from the day when the snnto is pnya <)o olinll not apply to a liquidator tindor tho naid Act. A liquidator under the laid Act may at nny time, whilst holding such nfttce in roflprct to n company, sue for <md recover all calls wliicli hnvo been mnrlo previously to tlio oommonppmont of tho windinflf-up of tho company and ahull bo unpaid, in j rospocl; of any Hhurcs whatovar of suoh ' company, CnjJTU BUTOIIIKfI. (11.) The words following slinll bo jiddcrl ns a sixMi subjection of wction ' ninety-four of Lho said Act: — (0 ) Auy ptirnon who may be chirgen nblo with nnv linbiliry inourrcd prior to t ranker ot forfeiture for or in ronpc<!t of a share transferred in any manner, or forfeited in any manner. DISTKrBtmON. (1.2.) Ponriing the complete ronli^ifion of Hip property of a company, tho Court or a .fudijo thoroof moy, in sunh ca»os, at Much limcH, and upon such terms an to it or him may seem proper, nutiiorixo the liquirlatdr of a company* a(Fnir« (o disbur^o moneys for rra^onftblp f»rponfieß inquired in or about tho winding-up profwdintf*, or for tho pnymont of any /.ill interim, dividend or dividends to lho pnrLii'S entitled thproto. fIBMBHAii nur.ns, (13.) In any e,tne wiioro no R«n«r«l rulo in provided under tho ono hundred «ud thirty-flritt section of the flnid Aot, thfX'ourt or a Judtfo tbureof may mako fitim, order an slinll seem (ittint? in respect ojßf\(s payment to any party of any fees, ooffs, or other expomea incident to unv procio linns under the snid Act or this Act, all which orders n'lnll bo enforced in tnmner as i* lioreinat'ier provided with ro<ipcct to any other orders of lho said (,'ourfc or .7 ml go. BNFOnOSMRNT OP OKDRUS, (H ) Tho Court or a «/udfc« thereof fiholl hove the same powoi* of summoning' and compelling the attendance of witj tifldses nnd tho production of documont^l and of punishing person* duly summoned for non-attendance, or for roiusim; to a;ive evidence or produce documents, nnd the mime means of enforcing its rule^ or orders, anil for ininishing for contempt, at i-i or may bo po**e«aad by tho Suprom« Court or any iTudKO (hereof.

Permanent link to this item
Hononga pūmau ki tēnei tūemi

https://paperspast.natlib.govt.nz/newspapers/IT18781023.2.8

Bibliographic details
Ngā taipitopito pukapuka

Inangahua Times, Volume 9, 23 October 1878, Page 2

Word count
Tapeke kupu
717

CABLEGRAMS Inangahua Times, Volume 9, 23 October 1878, Page 2

CABLEGRAMS Inangahua Times, Volume 9, 23 October 1878, Page 2

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