Accounts and Papers Volume 6

This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1851 Excerpt: ...as aforesaid, it shall be lawful for the F'centsi1centsl lhlm 1 be said Directors to sell the forfeited share by public auction; and if there be more than one mm' forfeited share, then either separately or together, as to them shall seem fit; and any shareholder may purchase any forfeited share so sold as aforesaid. XXI. And be it enacted, That an aflidavit by some credible person not interested in the Evidence of propriematter, sworn before any Justice of the Peace, or before any Commissioner for takin afl-idavits,';lP ' P'd in the Supreme Court, or other person qualified by law to take atfidavits, that the callin respect ' 8' of a share was made and notice thereof given, and that default in ayment of the call was made, and that the forfeiture of the share was declared and confirmed in manner hereinbefore required, shall be suflicient evidence of the facts therein stated, and such aflidavit, and the receipt of the Treasurer of the said Company for the price of such share, shall constitute a good title to such share, and a certificate of proprietorship shall be delivered to such purchaser, and thereupon he shall be deemed the holder of such share, dischargtxl from all calls due prior to such purchase, and he shall not be bound to see to the application of the purchase money, nor shall his title to such share be affected by any irregularity in the proceedings in reference to such sale. XXII. And be it enacted, That the said Company shall not sell or transfer more of the No more shares to be shares of any such defaulter than will be sufficient, as nearly as can be ascertained at the time 'l'l 'hm ' mi' of such sale, to pay the arrears then