Bill 27 (Legislature 3, Session 1)

L3 S1 10539

Alberta — Bills

BILL No. 27 of 1913 (Recond Session).

An Act authorizing The Tipton Investment Company, Limited, to issue Debentures. (As€ented to ' 1913.) WHEREAS Th.e T~pton Inve~tment Company, .L!mited, . a corporatiOn mcorporated under the proVIsions of The Companies Ordinance, has some of the powers. set ·.out in the

schedule to The Trust Companies Ordinance! and . by reason thereof is a trust company as the same· is defined in· the said Trust Companies Ordinmtce; And whereas the said company is not authorized to issue dehentures and the said company by its officers .have petitioned and prayed that the said company. be granted power to issue debentures, and it is expedient to grant the prayer of the said petition; Therefore His Majesty, by and with the advice and consent of the Legislative Assembly of the Province of A l herta, enactR aR follows: 1.

The Tipton Investment Company, Limited, in addition to any power or authority now contained in the memo randum of association of the said company, or that may be hereafter added thereto, may from time to time borrow money at such rate of interest and on such terms as it may deem proper and for such purpose may make, execute, and issue any mortgages, bonds, debentures or other instruments under the seal of the said corporation and any such bonds, mortgages, debentures or other instru ments shall be signed by such officers of the corporation as may be designated by the directors. 2.

Any debenture, debentures, bonds, or other instrument given by the said company as evidence of debt or money borrowed may be secured by mortgage, or mortgages, of any part or all the assets, either real or personal of the company as the company may deem expedient and such mortgages shall be upon such terms and conditions as the company may see fit and shall bind the company and the property thereof according to the terms and conditions eontained therein. 3.

Provided always that nothing m this Act shall be construed to authorize the corporation to issue notes, or bills of exchange payable to bearer or intended to be circulated as money or as notes or bills of a bank. 4. This Act may be cited as "An Act respecting the Tipton Investment Company, Limited." No. 27 FlRS'l' SESSION THiRD LEGISLATURE GEORGE V 1913 (SECOND 8E8SION) BILL

An Act authorizing The Tipton Investment Company, Limited,. to issue Debentures. Received and read thf' First time ................. . Second time ............... . Third time ................ . MR. WALKER BDMONTON: ~- W. JEO'ERY, Government Printer ~.D. 1913 Title: 1913 (3rd, 1st) Bill 27,

An Act authorizing The Tipton Investment Company, Limited, to issue Debentures

Document details

Collection	Alberta — Bills
Citation	L3 S1 10539
Type	bill
Volume / chapter	L3 S1 10539
Language	en
Format	json
Source	PROVINCIAL
Identifier	3fb4ea8b4532892252c8c7ddc8316286edfb44be

Source file is stored in the law ingest library (json).