BAILII [Home] [Databases] [World Law] [Search] [Feedback]

Northern Irish Legislation

You are here:  BAILII >> Databases >> Northern Irish Legislation >> COMPANIES CLAUSES CONSOLIDATION ACT 1845

[Index] [Table] [Search] [Notes] [Noteup] [Previous] [Next] [Download] [Help]


COMPANIES CLAUSES CONSOLIDATION ACT 1845 - SECT 38

Power to borrow money.

38. If the company be authorized by the special Act to borrow money on
mortgage or bond, it shall be lawful for them, subject to the restrictions
contained in the special Act, to borrow on mortgage or bond such sums of money
as shall from time to time, by an order of a general meeting of the company,
be authorized to be borrowed, not exceeding in the whole the sum prescribed by
the special Act, and for securing the repayment of the money so borrowed, with
interest, to mortgage the undertaking, and the future calls on the
shareholders, or to give bonds in manner herein-after mentioned.


[Index] [Table] [Search] [Notes] [Noteup] [Previous] [Next] [Download] [Help]

© 1845 Crown Copyright

BAILII: Copyright Policy | Disclaimers | Privacy Policy | Feedback
URL: http://www.bailii.org/nie/legis/num_act/ccca1845317/s38.html