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COMPANIES CLAUSES CONSOLIDATION ACT 1845 - SECT 57

New shares to be considered same as original shares.

57. The capital so to be raised by the creation of new shares shall be
considered as part of the general capital, and shall be subject to the same
provisions in all respects, whether with reference to the payment of calls, or
the forfeiture of shares on nonpayment of calls, or otherwise, as if it had
been part of the original capital, except as to the times of making calls for
such additional capital, and the amount of such calls, which respectively it
shall be lawful for the company from time to time to fix as they shall think
fit.


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© 1845 Crown Copyright

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