Statutes of the Province of Newfoundland and Labrador

Statutes of the Province of Newfoundland and Labrador

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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1905 edition. Excerpt: ... carrying on business in Newfoundland under the authority. of ithis Act, the said Supreme Court, whenever it deems 'necessary, may appoint a suitable person to investigate the affairs and management of the Company, who shall report thereon to such Court, and regarding the security afforded to those by or for whom its engagements are held, and the expenses of such investigations shall be defrayed by the 'Cbmpa'ny, or the said Court may, if deemed necessary, examine the officers or directors of the Company under oath or affirmation as to. the security aforesaid;. and whilst the. Company shall be carrying on business'in Newfoundland as aforesaid it shall also be competent for His Excellency the. Governor, from time to time when he shall deem it expe dient, to appoint an inspector to examine the affairs of the Company and report to him on the security afforded to those by and for whom its engagements are held as aforesaid, and the expense of such investigation shall be borne by the Company. 3. The Governor in Council may revoke the approval of such revocation, shall appoint the Company to be administrator, 'trustee, guardian, committee, receiver, assignee, or liquidator, unless the Company gives the like security for the due performance of its duty as would be required from a private person. ' 4. The Company is hereby specially authorized to act asPW"fl11P"Y... to act as trustee. assignee or trustee for the benefit of creditors under any Act of the Legislature of this Colony, or under any deed of trust or assignment, and to receive and take the ordinary fees and charges as compensation therefor; but nothing herein contained shall be taken to appoint the Company an official assignee. 5. If so approved by the Governor in (1;/uncil as...show more

Product details

  • Paperback | 52 pages
  • 189 x 246 x 3mm | 109g
  • Rarebooksclub.com
  • United States
  • English
  • black & white illustrations
  • 1236973283
  • 9781236973283