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A Clause (Preference shares.)
It shall be lawful for any Company by special resolution, if authorised to do so by its Articles as originally framed, or as altered by special resolution, and whether so authorised by its Memorandum of Association or not, to affix any preference in payment of dividend or in repayment of capital to any of its shares,"—(Mr. Edmund Robertson,)
—brought up, and read the first and second time.
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Amendment proposed, at the end of the Clause, to add the words—
But such special resolution shall not take effect until it has been confirmed in England and Ireland by the High Court, and in Scotland by the Court of Session."—[Mr. Whitley.)
§ Question proposed, "That those words be there added."
§ Amendment, by leave, withdrawn.
§ Clause added.
§ Amendments made.
§ Bill read the third time, and passed.