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CHAPTER 26
STATUTORY COMPANIES.

bond creditors can inspect and take extracts from the books of account at all seasonable times without fee. (72)

AUDITORS
At its first ordinary meeting the company must elect two auditors. These auditors retire by rotation, but may be re-elected at an ordinary meeting. Each auditor must have at least one share in the company,. but he must not hold any other office in the company or be interested in its concerns in any other manner.
At least fourteen days before the holding of an ordinary meeting,, the directors must deliver to the auditors the accounts and balance sheet which they intend to lay before the shareholders. The auditors• must then examine them and either make a special report on the accounts or simply confirm them. The report must be read together with the directors' report at the ordinary meeting.
The auditors may employ accountants at the expense of the company.(73)

BORROWING POWERS
The Companies Clauses Acts give no power to borrow, they only regulate the borrowing power which may be given by the special Acts
If the company is authorised to borrow money on mortgage, it can exercise that power by an order of the general meeting. (74) Money borrowed to pay off mortgages created by the company is not deemed to be an exceeding of the company's borrowing powers.(75) Money borrowed and repaid may be re-borrowed with the authority of a. general meeting. (76) Mortgages and transfers of mortgage must be by deed. (77)
Register of Mortgages.-A register of mortgages and bonds must be kept containing (1) the date of the mortgage or bond, (2) the sums secured, and (3) the names of the parties. The register can be inspected by any shareholder, any mortgagee or bondholder, or any person interested in any mortgage or bond, without fee. (78)

72 Companies Clauses Act, 1845, as. 55.
73 Ibid., ss. 101-108.
74 Ibid., s. 38.
75 Companies Clauses Act, 1869, s. 4
76 Companies Clauses Act, 1845, s. 39.
77 Ibid., as. 41, 46.
78 Ibid., s. 45.

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where is HTML where is HEAD where is TITLE bond creditors can inspect and take extracts from what is books of account at all seasonable times without fee. (72) AUDITORS At its first ordinary meeting what is company must elect two auditors. These auditors retire by rotation, but may be re-elected at an ordinary meeting. Each auditor must have at least one share in what is company,. but he must not hold any other office in what is company or be interested in its concerns in any other manner. At least fourteen days before what is holding of an ordinary meeting,, what is directors must deliver to what is auditors what is accounts and balance sheet which they intend to lay before what is shareholders. what is auditors• must then examine them and either make a special report on what is accounts or simply confirm them. what is report must be read together with what is directors' report at what is ordinary meeting. what is auditors may employ accountants at what is expense of what is company.(73) BORROWING POWERS what is Companies Clauses Acts give no power to borrow, they only regulate what is borrowing power which may be given by what is special Acts If what is company is authorised to borrow money on mortgage, it can exercise that power by an order of what is general meeting. (74) Money borrowed to pay off mortgages created by what is company is not deemed to be an exceeding of what is company's borrowing powers.(75) Money borrowed and repaid may be re-borrowed with what is authority of a. general meeting. (76) Mortgages and transfers of mortgage must be by deed. (77) Register of Mortgages.-A register of mortgages and bonds must be kept containing (1) what is date of what is mortgage or bond, (2) what is sums secured, and (3) what is names of what is parties. what is register can be inspected by any shareholder, any mortgagee or bondholder, or any person interested in any mortgage or bond, without fee. (78) 72 Companies Clauses Act, 1845, as. 55. 73 Ibid., ss. 101-108. 74 Ibid., s. 38. 75 Companies Clauses Act, 1869, s. 4 76 Companies Clauses Act, 1845, s. 39. 77 Ibid., as. 41, 46. 78 Ibid., s. 45. where is meta name="keywords" content="old books, Free book , free book offer , free audio books , free coloring book pages , free book reports , free audio book , audio books free download , book free , free guest book , books free , free book summaries , download free audio books , free childrens books." where is where are they now rel="stylesheet" type="text/css" href="../../style.css" where is meta http-equiv="Content-Type" content="text/html; charset=iso-8859-1" where is BODY bgColor=#ffffff text="#000000" where are they now ="#000000" v where are they now ="#FF0000" where is div align="center" where is strong where is strong where is a href="http://www.aaoldbooks.com" Books > where is a href="../default.asp" title="Book" Old Books > where is strong where is a href="default.asp" Poetry Northwest (1959) where is table width="700" border="1" align="center" cellpadding="15" cellspacing="0" where is center where is tr where is td width="160" align="center" valign="top" where is div align="center" where is td align="center" valign="top" where is div align="left" where is div align="center" where is p align="left" Page 282 where is strong CHAPTER 26 STATUTORY COMPANIES. where is p align="justify" bond creditors can inspect and take extracts from what is books of account at all seasonable times without fee. (72) AUDITORS At its first ordinary meeting what is company must elect two auditors. These auditors retire by rotation, but may be re-elected at an ordinary meeting. Each auditor must have at least one share in what is company,. but he must not hold any other office in what is company or be interested in its concerns in any other manner. At least fourteen days before what is holding of an ordinary meeting,, what is directors must deliver to what is auditors what is accounts and balance sheet which they intend to lay before what is shareholders. what is auditors• must then examine them and either make a special report on what is accounts or simply confirm them. what is report must be read together with the directors' report at what is ordinary meeting. what is auditors may employ accountants at what is expense of what is company.(73) BORROWING POWERS what is Companies Clauses Acts give no power to borrow, they only regulate what is borrowing power which may be given by what is special Acts If what is company is authorised to borrow money on mortgage, it can exercise that power by an order of what is general meeting. (74) Money borrowed to pay off mortgages created by what is company is not deemed to be an exceeding of what is company's borrowing powers.(75) Money borrowed and repaid may be re-borrowed with what is authority of a. general meeting. (76) Mortgages and transfers of mortgage must be by deed. (77) Register of Mortgages.-A register of mortgages and bonds must be kept containing (1) what is date of what is mortgage or bond, (2) what is sums secured, and (3) what is names of what is parties. what is register can be inspected by any shareholder, any mortgagee or bondholder, or any person interested in any mortgage or bond, without fee. (78) 72 Companies Clauses Act, 1845, as. 55. 73 Ibid., ss. 101-108. 74 Ibid., s. 38. 75 Companies Clauses Act, 1869, s. 4 76 Companies Clauses Act, 1845, s. 39. 77 Ibid., as. 41, 46. 78 Ibid., s. 45. where is Server.Execute("_SiteMap.asp") %

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