A Collection of the Private Acts of Practical Utility in Force in New South Wales : Embracing the Local Private Legislation From the Year 1832 to the Year 1885
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13. It shall be lawful for the mortgagees of the Company to enforce the payment of arrears of interest or the arrears of principal and interest due on their mortgage by the appointment of a receiver as hereinafter provided Provided that the mortgage debt or debts in arrear shall not be less than the sum of one thousand pounds. 14. It shall be lawful for the directors of the Company for the time being with the consent of the majority of the shareholders present at a general meeting duly held for... that purpose at which shall be present and vote the holders of not less than one thousand shares and sixty or more shareholders to increase the capital of the Company to any amount not exceeding two hundred and fifty thousand pounds in the aggregate for the purpose of completing and maintaining the railway and other works hereby authorized And to raise such increased capital by creating an additional number of shares of five pounds each and to cause such shares to be sold or allotted to such persons as the directors shall approve of and on such terms and at such prices as they Evidence of authority for borrowing: on mortgage or bond.
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