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COMPANIES CLAUSES ACT 1869 - SECT 2

Restriction on rate of interest on debenture stock already authorized.

2. Provided, that any debenture stock, the creation whereof has been
authorized by a company, but which has not been issued before the passing of
this Act, shall not be issued on any terms other than those whereon it might
have been issued if this Act had not been passed, unless and until the issue
thereof, on terms other than as aforesaid, is after the passing of this Act
authorized by the company in manner provided in section 22 of the
Companies Clauses Act, 1863.


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© 1869 Crown Copyright

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