Memorandum and Articles of Asociation

Couverture
Bell and Bain, 1879 - 16 pages
 

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Page 3 - Association as set forth in this Memorandum of Association, and no portion thereof shall be paid or transferred directly or indirectly, by way of dividend, bonus, or otherwise howsoever, by way of profit to the persons who at any time are or have been Members of the Association...
Page 4 - Every member of the company undertakes to contribute to the assets of the company in the event of the same being wound up during the time that he is a member or within one year afterwards for payment of the debts and liabilities of the company contracted before the time at which he ceases to be a member...
Page 4 - If upon the winding up or dissolution of the Association there remains, after the satisfaction of all its debts and liabilities, any property whatsoever, the same shall not...
Page 5 - We, the several persons whose names and addresses are subscribed, are desirous of being formed into a company, in pursuance of this memorandum of association, and we respectively agree to take the number of shares in the capital of the company set opposite our respective names.
Page 4 - The fourth paragraph of this Memorandum is a condition on which a licence is granted by the Board of Trade to the Association in pursuance of section 23 of the Companies Act, 1867.
Page 4 - Association contracted before the time at which he ceases to be a Member, and of the costs, charges and expenses of winding up the same, and for the adjustment of the rights of the contributories amongst themselves...
Page 10 - In case of an equality of votes, the Chairman shall have a casting vote.
Page 7 - Act, 1862, and the Companies' Act, 1867, and terms used in these Articles shall be taken as having the same respective meanings as they have when used in those Acts.
Page 5 - Association there remains, after the satisfaction of all its debts and liabilities, any property whatsoever, the same shall not be paid to or distributed among the Members of the Association, but shall be given or transferred to some other institution or institutions having objects similar to the objects of the Association, to be determined by the Members of the Association at or before the time...
Page 4 - ... of preventing any evasion of the terms of the said fourth paragraph, the Board of Trade may from time to time on the application of any Member of the Association, impose further conditions, which shall be duly observed by the Association.

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