company after due inquiry then by being affixed on some conspicuous part of the said premises. 81. [Power to company to let meters.] 82. [Fraudulently injuring meters.] 83. [For preventing frauds and waste of gas.] 84. The gas for public lighting shall if required by either Mode of measuring gas party be supplied by measurement and the referees shall if for public required by either party from time to time prescribe and cer- lamps. tify the mode of ascertaining the quantity of gas consumed by the public lamps. 85. [Recovery of charges for gas.] 86. [Recovery of sums due to the company.] 87. [Register of meter to be primâ facie evidence of gas consumed.] 88. [Penalties on company not cumulative.] 89. [Amalgamation of Ratcliff with Commercial Company.] 90. [Meaning of terms relating to amalgamation.] 91. [Undertaking of dissolved company vested in amalgamated company.] 92. [Limits of amalgamated company.] 93. [Acts relating to dissolved company to apply to amalgamated company.] 94. [Saving debts and claims of dissolved company.] 95. [Saving conveyances contracts &c.] 96. [Causes and rights of action reserved.] 97. [Actions not to abate.] 98. [Saving submissions and awards relating to dissolved company.] 99. [Unexecuted works of dissolved company may be completed.] 100. [Officers of dissolved company to be accountable for books &c.] 101. [Officers &c. of dissolved company.] 102. [Books &c. to be evidence.] 103. [Resolutions of dissolved company to remain in force.] 104. [Payment of calls.] 105. [Registers books and certificates relating to dissolved company to subsist until replaced.] 106. [Bye-laws to remain in force.] 107. [General saving of rights and claims.] 108. [Extension of provisions to amalgamated company.] 109. [Share capital of amalgamated company.] 110. [Saving for Commercial preferences.] 111. [Conversion of Ratcliff share capital into stock.] 112. [Company to issue certificates and may require old certificates to be exchanged.] 113. [Continuance of trusts of shares &c.] 114. [Reserved fund of dissolved and amalgamated companies.] 115. [Mortgages and bonds to be a charge on united undertaking.] 116. [Borrowing powers of amalgamated company.] 117. [Debts and credits on revenue account.] 118. [Expenses of amalgamation.] 119. [Directors of amalgamated company.] 120. [Auditors of amalgamated company.] 121. [Qualification of directors and auditors.] 122. [Remuneration of directors.] 123. [Differences between two companies.] 124. [Expenses of act.] I The SCHEDULE to the foregoing Act. THE COMMERCIAL GAS COMPANY. per thousand do hereby contract with the Commercial Gas Company for a supply of gas by meter on the following terms and conditions (namely) at cubic feet or such other rate as the company are for the time being entitled under act of parliament to charge and per quarter for the use of the company's light meter and if the meter from any cause ceases or omits to register accurately the quantity of gas used I hereby agree to pay in respect of the gas consumed a reasonable proportion of the above rate for and during the period of such non-registration. And I agree to pay the rent [quarterly] and hold myself liable for all gas consumed on the above premises whether by myself or others until notice in writing be given by me to the company. I also agree that the meter shall be accessible at all reasonable times to the inspection of the company's inpectors or servants. THE GASLIGHT AND COKE COMPANY ACT, 1876. 39 & 40 VICT. CAP. CCXXV. An Act for granting further powers to the Gaslight and Coke C. CXXV. WHEREAS by the Metropolis Gas Act, 1860, provision was made for regulating the supply of gas to the metropolis: And whereas by the City of London Gas Act, 1868, the 31 & 32 Vict. provisions of the Metropolis Gas Act, 1860, were amended, so far as it affected the Gaslight and Coke Company, the City of London Gaslight and Coke Company, and the Great Central Gas Consumers Company, and such companies, together with the Victoria Docks Gas Company, the Equitable Gaslight Company, the Western Gaslight Company, Limited, the Imperial Gaslight and Coke Company, and the Independent Gaslight and Coke Company, have since been amalgamated under the name of the Gaslight and Coke Company: And whereas it is expedient that the provisions of the recited acts and other acts relating to the Gaslight and Coke Company be amended, and that further powers be conferred on that company with respect to the taking and using of lands, the raising of capital, and other matters, but the same cannot be effected without the authority of parliament: And whereas plans delineating lands intended to be authorized to be taken under this act, and a book of reference thereto containing the names of the owners or reputed owners, and lessees or reputed lessees, and of the occupiers of those lands, and describing those lands, have been deposited with the respective clerks of the peace for the counties of Middlesex, Kent, and Essex (which are in this act referred to as the deposited plans and book of reference): May it therefore please your majesty that it may be Short title. Repeal of certain enactments. Capital of the company defined. Profits of company defined. Power to raise additional capital. enacted; and be it enacted by the Queen's most excellent 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, as follows; (that is to say,) 1. This act may be cited as "The Gaslight and Coke Company Act, 1876." 2. [Provisions of certain general acts incorporated.] 3. [Interpretation of terms.] 4. [Commencement of act.] 5. [Power for company to take lands and erect gasworks.] 6. [Powers for compulsory purchases limited.] 7. [Application of capital.] 8. The enactments specified in the first column of Part I. of the Schedule B. to this act annexed shall, to the extent specified in the second column of the same schedule, be and the same are hereby repealed, and the enactments of the Metropolis Gas Act, 1860, specified in Part II. of the same schedule, shall, from and after the passing of this act, cease to relate or apply to or affect the Independent Gaslight and Coke Company. 9. On the passing of this act the authorized stock and share capital of the company, including the amount by this act authorized, is eight million two hundred and sixty-five thousand pounds, divided into one million five hundred and sixty thousand pounds stock and six hundred and twenty-six thousand five hundred shares, the particulars whereof are set forth in Schedule C. to this act annexed. 10. Except as in this act provided, the profits of the company to be divided among the shareholders in any year shall not exceed the rate of ten pounds per centum per annum, which rate is in this act referred to as "the standard rate of dividend" on the ordinary share capital or stock of the company authorized by parliament, and paid up and expended on or in connection with the undertaking. 11. The company may raise any additional capital not exceeding in the whole one million pounds, in such amounts and proportions as they shall think fit, so that no such amount or proportion issued at any one time shall exceed the sum of two hundred and fifty thousand pounds by the issue of new ordinary shares or stock; but they shall not issue any share of less nominal value than ten pounds, nor shall any share vest in the person or body accepting the same unless and until a sum not less than one-fifth of the amount of such share has been paid in respect thereof: provided that the company shall be under obligation rateably with and after the issue of additional share capital from time to time to raise by borrowing on mortgage or by debenture stock an amount equal to the nominal amount of such additional share capital in manner following; (that is to say,) the company shall not, at any time after the first issue of share capital under this act, issue any further amount or proportion of such capital until they have proved to the satisfaction of a justice, by the production to such justice of the books of the company, and of such other evidence as he thinks sufficient, and have obtained from such justice a certificate that they have raised by borrowing on mortgage or by debenture stock an amount equal to the total nominal amount of the share capital then previously issued by them under this act. New shares or stock subject to same inci shares or stock. 12. The capital in new shares or stock created by the company under this act, and the new shares or stock therein, and the holders thereof respectively, shall be subject and entitled dents as other to the same powers, provisions, liabilities, rights, privileges, and incidents whatsoever, in all respects as if that capital were part of the now existing ordinary capital of the company of the same class or description, and the new shares or stock were shares or stock in that capital, and the capital in new shares or stock so created shall form part of the capital of the company. auction or 13. Notwithstanding anything in this act contained, the New shares to company shall, when any shares or stock created under the be offered by powers of this act are to be issued, and before offering the tender. same to the holder of any other shares or stock in the company, and whether the ordinary shares or ordinary stock of the company are or is not at a premium, offer the same for sale by public auction or by tender within the metropolis in such manner, at such times, and subject to such conditions of sale as the company shall from time to time determine: provided that at any such sale the reserved price put upon such shares or stock shall not be less than the nominal amount thereof, and notice of the amount of such reserved price shall be sent by the company in a sealed letter to the board of trade W. L |