BANK OF NEW ZEALAND.
StTREMK COURT JUGMENT.
POWER OF SHAREHOLDERS. |hi •I'Ki.KunArii. —i'Ri:>s association.! Wellington, This Day. The judgment of the .Supreme Court in connection with the application for a declaratory order as to the powers of the Hank of Nov. wraiand sharohoidiers was thai the slmrehcdners had no power to iiieioare ' b,." »'■;;;■ ii;.l by issuine fresh sinner, hove put aliens were pat; te. the couii. "'.'d 'be sub- ; sinner of its: replies was. ihr' ehrro--holders have no jiowr to sstrevas pdw issue of new shares, either under <he Bank deed of srl!lev.ieui. or ruder tb<- { various Aft >'">f tbe ice iris in--u enow a [ by the applicant-': 'be. I , enreouciwiv | they are restricted, from cam inw new J shares which wili an'oct is- ;■>\< • j once shares; Misi (ie inrerie;. a.s j call tip the uncalled Unhid!} el .'- <■■-'■ | Sd per share, but cannon be Ciuupei'm j to do so. If new erniisi we; * w. "da; j as shareholders i esoCyrd. bui :lnreis] PO rirrhl. to issue nsv sheaer. Ge-sls were alkvwod under sesUa The Crown was allowed .'.'be.
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https://paperspast.natlib.govt.nz/newspapers/KCC19130830.2.41
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King Country Chronicle, Volume VII, Issue 598, 30 August 1913, Page 5
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178BANK OF NEW ZEALAND. King Country Chronicle, Volume VII, Issue 598, 30 August 1913, Page 5
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