The Sun.
London, England, 1846-04-28 00:00:00

RAILWAY LEGISLATION.

The following is the Bill introduced into the House of
Lords last night by Lord Dalhousie.
A BILL INTITIMED AN ACT TO FACILITATE THE
DISSOLUTION OF CERTAIN RAILWAY COM-
PANIES.

Whereas it is expedient to facilitate the dissolution of cer-
tain railway partnerships as hereafter mentioned, and to
afford facilities for the winding up the concerns of such part-
nerships : may it therefore please your Majesty that it may
be enacted; and be it enacted by the Queen's Most Excel-
lent Majesty, by and with the advice and consent of the
Lords Spiritual and Temporal, and Commons, in this present
Parliament assembled, and by the authority of the same,
that when any persons shall have entered into any contactor
agreements, for the formation ot-
eontaact,
notnr other
an agreementarteo h i p
for making any railway which
usually called a subscription
the authority of Parliament, it shall
execu-
tion without obtaining cannote bepcaLed into
partnership, contract or agreement, .
in manner hereinafter
i. whether or not this contract or
That it shall be lawful for the com-
agree-
ment o rmentioned, andcontain
any
powers or provisions for dissolution
directors. or other persons by such con-
tract intended to be thereby formed.
of the company or p persons to dissolve the said company
mraittteeOr 'agreement as aforesaid intrusted with the manage-
aret: and carrying "the effect
of the undertaking, and who
belawsfhuallflor su ct, ell atp
m hereafter called "the committee," to call a meeting of the
shareholders for the purpose of determining whether the part-
2. Androbveisiitortenalactcriire,
nership or company intended to be formed (and which is
hereafter called " the company") shall be dissolved, and in
what manner ; and tat if such m
yeeting shall determine, as
after mentioned, that h
the compan shall be dissolved, then,
as from the date of such meeting (subject as after mentioned)
the company shall be taken to be dissolved, and the com-
mittee shall not have the power to proceed any further with
the undertaking.
3. And be it enacted, That it shall be lawful for any five
shareholders, as after defined, by writing under their hands,
to require the committee to call a meeting for the P upo aforesaid ; and that if the committee refuse or neglect, within
n
six days after any such requisition shall have been leftwattth
registered place of business of the company, or shall have
call servedpersonally
all be lon any member of the committee, to
to call such a all such mepetin
meeting. i t shawful for any five shareholders
•
4. And be it enacted, That the meeting shall be held to
have been duly called,
of s uch althoug
votesh the votes of the parties
calling the same, or any shall be disallowed at
the meeting by the scrutineers to be appointed as herein-
after mentioned.
the calling 5. And be it enacted, That ~ , gof any such meet-
ing shall be by notice, signed ptner on behalf of the Com-
mittee by any one member of the same, or in case the meet-
ing
shall be called by the shareholders, then by the share-
clearalling the same, such notice to be advertised eight
days, and not more than fifteen days before the time
to be therein fixed for holding such meeting in the London
Gazette, and also within the before-mentioned limits as to
time in three London daily newspapers ; that in the case of
railways to be made in Ireland, the said notice shall also be
advertised within the before-mtentioned limits as to the time
in the Dublin Gazette, and in Nyo Dublin daily newspapers;
and as to railways to be made _ in Scotland, the said notice
shall also be advertised in atd.least two newspapers in common
circulation in the city of E Edinburgh.
6. And be it enacted, That every notice of meeting shall
specify the day, hour, p 11199, anl purpose of meeting.
7. And be it enacted, That
_the person to be in the chair at
every such meeting shall be some member of the committee,