THE MINING COMPANIES ACT.

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

THE MINING COMPANIES ACT.

Tho following nro the nmertdmonts to "Tlio Mining Companies Liniitod Liability Act," proposed by Mr Reives, but wo nro nnuwnro ns yet vrhelhor tho bill hus become law. Tlio Short Tillo of this Act shall be ' Tlio Mining (-ompnnics Act 187'J Amendment Ant, 1878;'' and it slinll bo const mod according to tlio interpretation* provide! in tlio Act next mentioned. Tlio Mining Companies Act, 1872 (hereinafter cnllod ' tlio said Act '), is hereby amended, nnd shall bo ro.ul mid consiruod subject to the alterations and modifications following, that is to say : — VKBD.iL AMENDMENTS. (I.) In tho said Act,— 'J bo word ' province ' shall incliu'o ootinty or borough, Tbo word ' mado ' is horcby substituted or tho word ' »iv« ' in sections i«venty« . eight,' thirty-onci, imd fifty* six. Tlio word ' pnynhlo ' thereby s'jbsti* tutod for the word 'du«' in socUoih fiity -three mil fit'iy-four. Tlie word 'daily,' in ref<?rene..> t» i\ newspaper, nIiuII bo o.nittcd IVom sections fifty-five, one hundred and thirteen, and wherever tho same occurs referring as ajAsaid. £^M TIUN3FKR3. jjjjj^V) Blank forms of transfer of slnre» not be permitted. In every tor in of there sb:ill bo written in ink the> Kiamc of the transferrec, whether a person 1 or tbo company. Transfers mny bo made, on n *opira(o document appended ton scrip certificate J instead of being endorsed thereon. m (3) Not withstanding any transfer what* j^wcr of any »linr« or .shares not Cully pnid Bt () , MiotrnnsfVrror thereof slinll hec'mrneFiiblo with any liahility incurred prior to IL'ho IvivimCer tlierenf ; nnd, in so fir ns nny surli liability ns Imfc monBddi'il, such trnniferror sludl bi> deemed a contributory nnd rt r the said Act in where it niny l>e necessary todetrrwho nro contrilm'orirs. BKCrtKICATION OF UKOUSTnU. Besides the pnrliex mentioned \n fbirty-fit'ih section of tb» suid Act us |V)iV; entitled to make application for tlm of the register of sharohoU the following net-sons, thrtt is to say. any person claiming to bo a member of the oomuany, or claiming ns a creditor of I lie oomiiimy, or oihotMviso hotvsootro.-, or nny person whoso namo appean in tho aforesaid rouistor, may apply in the niuis | nor provided by the aforesaid seel ion for such rectification, and tho Court, on any such last mentioned application, »my decide on any question rolatini* to tho rectification of tho register, irrespective of the manner how. or tho parties between whom the question slinll arise, INCUKASK OV CAPITAL. (5) Any company may ineroxe is capital, subject to the provisions of l!i* forty- fourth .lootion of tlio said Act. liv increasing tho umouiu payable in respeii of each share, ns well us by tho issue ot new shares, or by both of thoe menu*. C\Lt,S. (<j.) No calls upon shares in any company shall be mudo after the presenting ol a petition for tho winding-np thereof, miles* si'eh petition is disnvsNed or pioccedings thereunder stayed altogether, (7.) Section fifty. two of tho sail Act is ueieby repealed, nnd iv lieu thereof i. i