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COMPANIES CLAUSES CONSOLIDATION ACT 1845 - SECT 65 

Application of capital.

65. All the money raised by the company, whether by subscriptions of the
shareholders, or by loan or otherwise, shall be applied, firstly, in paying
the costs and expences incurred in obtaining the special Act, and all expences
incident thereto, and, secondly, in carrying the purposes of the company into
execution.

And with respect to the general meetings of the company, and the exercise of
the right of voting by the shareholders:

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© 1845 Crown Copyright

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