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RAILWAY COMPANIES ACT 1867 - SECT 29

Restriction on issuing at discount of shares or stock already authorized, but not issued.

29. Provided, that any shares the creation whereof has been authorized by a
company, but which have not been issued, before the passing of this Act, shall
not be issued on any terms other than those whereon the same 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 by Part II of the Companies Clauses Act, 1863.

© 1867 Crown Copyright

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