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Uimhir 7 de 1926.
ACHT UM CHUIDEACHTA IONTAOBHAIS THIONNSCAIL NA hÉIREANN TEORANTA (CAIPITAL DO THÓGAINT), 1926.
Mínithe.
1.—San Acht so—
cialluíonn an focal “an tAire” an tAire Airgid;
cialluíonn an focal “an Chuideachta” Cuideachta Iontaobhais Thionnscail na hÉireann, Teoranta.
Scair-chaipital is leis an gCuideachtain do thógaint.
2.—Tabharfidh an tAire amach as an bPrímh-Chiste no as a thora fáis, fé mar a mheasfa sé agus nuair a mheasfa sé oiriúnach é, pé suimeanna, nách mó ar fad ná suim chaoga míle punt, a bheidh riachtanach do chun scair-chaipital is leis an gCuideachtain do thógaint.
Íocfar dividenda, etc., isteach sa Stát-Chiste.
3.—Íocfar isteach sa Stát-Chiste gach dividendum, bonus, agus airgead eile a gheobhaidh an tAire ar scór scair-chaipital leis an gCuideachtain do thóg sé fén Acht so.
Na comhachta bheidh ag an Aire mar scaireánach.
4.—(1) Faid a bheidh ar seilbh ag an Aire aon chuid dar thóg sé fén Acht so de scair-chaipital na Cuideachtan, féadfa sé feidhmiú do dhéanamh ar gach ceann no aon cheann de sna cearta agus de sna comhachta is infheidhmithe o am go ham ag sealbhóir scair-chaipitail den tsórt san, agus sa chás ina bhfuil aon chirt no comhachta acu san infheidhmithe tré atúrnae féadfidh an tAire, más oiriúnach leis é, na cirt no na comhachta san d'fheidhmiú tré n-a atúrnae.
(2) Féadfidh an tAire a chó-aontú leis an gCuideachtain go mbeidh aige, faid a bheidh ar seilbh aige aon chuid dar thóg sé fén Acht so de scair-chaipital na Cuideachtan, teideal chun beirt de stiúrthóirí na Cuideachtan d'ainmniú agus má dintar an có-aontú san beidh sé dleathach don Aire stiúrthóirí ar an gCuideachtain d'ainmniú dá réir.
Díol scairchaipitail a tógadh fén Acht so.
5.—(1) Féadfidh an tAire gach cuid no aon chuid dar thóg sé fén Acht so de scair-chaipital na Cuideachtan do dhíol aon tráth no tráthanna fé mar a mheasfa sé agus nuair a mheasfa sé oiriúnach é.
(2) Íocfar isteach sa Stát-Chiste sochar gach díola a déanfar fén alt so ar an scair-chaipital san no ar aon chuid de.
Gearr-theideal.
6.—Féadfar an tAcht um Chuideachta Iontaobhais Thionnscail na hÉireann Teoranta (Caipital do Thógaint), 1926, do ghairm den Acht so.
Number 7 of 1926.
INDUSTRIAL TRUST COMPANY OF IRELAND LIMITED (ACQUISITION OF CAPITAL) ACT, 1926.
ARRANGEMENT OF SECTIONS
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Number 7 of 1926.
INDUSTRIAL TRUST COMPANY OF IRELAND LIMITED (ACQUISITION OF CAPITAL) ACT, 1926.
Definitions.
1.—In this Act—
the expression “the Minister” means the Minister for Finance;
the expression “the Company” means the Industrial Trust Company of Ireland Limited.
Acquisition of share capital of Company.
2.—The Minister shall, as and when he thinks fit, issue out of the Central Fund or the growing produce thereof such sums not exceeding in whole the sum of fifty thousand pounds as may be required for the acquisition by him of share capital of the Company.
Payment of dividends, etc., into Exchequer.
3.—All dividends, bonuses, and other moneys received by the Minister in respect of share capital of the Company acquired by him under this Act shall be paid into the Exchequer.
Powers of Minister as shareholder.
4.—(1) The Minister may, so long as he holds any of the share capital of the Company acquired by him under this Act, exercise all or any of the rights and powers from time to time exercisable by the holder of such share capital, and where any of such rights or powers are exercisable by attorney the Minister may if he so thinks proper exercise such rights or powers by his attorney.
(2) The Minister may agree with the Company that so long as he holds any of the share capital of the Company acquired by him under this Act he shall be entitled to nominate two of the directors of the Company, and in the event of such agreement being made it shall be lawful for the Minister to nominate directors of the Company in accordance therewith.
Sale of share capital acquired under this Act.
5.—(1) The Minister may at any time or times as and when he thinks fit sell all or any of the share capital of the Company acquired by him under this Act.
(2) The proceeds of every sale under this section of the said share capital or any part thereof shall be paid into the Exchequer.
Short title.
6.—This Act may be cited as the Industrial Trust Company of Ireland Limited (Acquisition of Capital) Act, 1926.