57
In forceDeposits not to be paid out of capital
Part 2General provisions
Division 8Accounts, deposits, dividends, borrowing etc
57 Deposits not to be paid out of capital
Where the promoters are a corporation, having authority to raise capital for the purposes of any existing Tramway Act, it shall not be lawful for them to pay out of such capital any deposits required by any Standing Order of either House of Parliament to be made for the purpose of any application to Parliament for a Bill for the construction of another tramway.
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