the said sum of £

day of

per share will (subject to the ap

proval of the directors), be registered as a shareholder as of the 18 and will participate in future profits on an equality with the other shareholders of the company.

3. The directors may forfeit shares in respect of which any of the foregoing conditions are not fulfilled, together with all money paid and interest thereon, and sell such shares applying the proceeds of such sale and any money so forfeited to the credit of profit and loss.

I request that the share represented by this certificate may be registered in my name, subject to the memorandum and articles of association of the company by which I agree to be bound.

Signature
Name in full
Address
Quality

VI.-DEBENTURES.

FORM OF DEBENTURE CREATING GENERAL CHARGE.

THE

COMPANY, LIMITED.

Incorporated under the Companies Acts, 1862 to 1880.

pany), in consideration of the sum of £

paid to it by

the bearer of this mortgage debenture, will, on the day of 189 or on such earlier day as the directors of the company may determine, by giving six months' notice by advertisement in a London daily newspaper, pay to the bearer of this mortgage debenture at the

Bank,

Street, in the City of London, or at the registered office of the company the sum of £ and will pay interest

thereon in the meantime after the rate of £ per cent. per annum according to the coupons annexed hereto. And for the consideration aforesaid, the company doth hereby charge with such payments the undertaking of the company and all the property real as well as personal to which the company is now or shall at any time hereafter become entitled [including its uncalled capital for the time being], and all the estate, right, title, and interest of the company in, to, and upon the said premises.

This mortgage debenture is issued upon and subject to the conditions following:

1. This debenture is transferable free from all equities that may exist between the original or any subsequent holder and the company.

2. Notwithstanding the charge hereby created, the company shall be at liberty at all times until the happening of some one or more of the events in the next paragraph mentioned, for the purpose only of continuing and carrying on its business, to use, employ, sell, lease, exchange, or otherwise deal with (except by way of mortgage) all or any part of the said property and premises for the time being subject to such charge without incurring any liability for so doing to the bearer of this mortgage debenture.

3. In the event of default of payment of any principal moneys or interest hereby secured for the period of six calendar months, or in the event of the company, by reason of its inability to meet its engagements, suspending payment, or in the event of a resolution being passed by the directors of the company that in their opinion the company cannot any longer continue business, or in the event of an order of some Court of competent jurisdiction being made, or a special or extraordinary resolution of the company duly passed for the winding-up of the said company, or in any of

such events the principal moneys hereby secured shall become immediately payable, and the charge by this mortgage debenture created shall and may be immediately enforced.

4. The receipt of the bearer of this mortgage debenture for the principal moneys intended to be hereby secured, and the surrender of the coupons by the bearers thereof on payment of the interest therein specified, shall discharge the company from all liability in respect thereof. And the company shall not be bound to inquire into the title of the respective bearers of such instruments, or to take notice of any trusts affecting such moneys, or be affected by express notice of the right, title, or claim to such moneys or instruments respectively of any other person.

Given under the common seal of the company this day of

18 .

[Mem. The use of the word "mortgage" throughout this debenture is unnecessary, but is generally preferred as conveying more definitely the idea of priority.

The maturity of the debentures is more frequently fixed for a period of years without the option to the company of redemption earlier. Obviously it is more beneficial to the company to have the debentures payable at long dates reserving to itself the option of calling them in.]

THE

FORM OF DEBENTURE CREATING NO CHARGE.

COMPANY, LIMITED.

Incorporated under the Companies Acts, 1862 to 1880.

£
on the
made at the

day of Bank, No.

The Company, Limited, hereby bind themselves and their successors to pay to the bearer the principal sum of 18, such payment to be

Street, in the City of

London, or at the

registered office of the company.

And the said

Company, Limited, hereby further

bind themselves and their successors to pay to the bearer

interest at the rate of £

said principal sum of £ ments on the

day of

per cent. per annum upon the by equal half-yearly instal

and the

day of

in each and every year, until the said sum of £ shall be duly paid and satisfied, and according to the coupons hereto annexed: the first of such half-yearly payments to be made on the next, and to be continued

day of

half yearly until payment of the said principal sum.

In witness whereof the common seal of the Limited, has been hereto affixed this

Company

day of

VII.-WINDING-UP.

FORM OF CREDITOR'S PETITION FOR COMPULSORY ORDER.

In The High Court of Justice

Chancery Division.

Mr. Justice [name of judge].

IN THE MATTER OF THE COMPANIES ACTS, 1862 AND 1867,

and

IN THE MATTER OF THE

COMPANY LIMITED.

To her Majesty's High Court of Justice,

The Humble Petition of

follows:

1. The above named

Company, Limited (hereinafter

called the company) was duly incorporated by registration

under the Companies Acts, 1862 to 1880, on the

188 as a company limited by shares.

2. The registered office of the company is situate at in the county of

business.

day of

where the company carries on its

3. The objects for which the company was established are as follows: [transcribe from the memorandum the main objects of the company] together with other objects subsidiary to the above-named objects which are set forth in the memorandum of association of the company.

4. The nominal capital of the company is £

shares of £

into each. Upwards of of the said shares have been issued, and the full amount thereof has

been called up.

5. Your petitioner is the holder for valuable consideration of a bill of exchange dated the

payable three months after date, drawn by one
and accepted by the company and indorsed by the said
to your petitioner. The said bill matured the

was duly presented for payment and was dishonoured. 6. Your petitioner sued the company for the amount of the said bill in the Queen's Bench Division of the High Court of Justice, and on the