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Companies Clauses Consolidation (Scotland) Act 1845

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XLIIEvidence of Authority for borrowing.

Where by the special Act the Company shall be restricted from borrowing any Money on Mortgage or Bond until a definite Portion of their Capital shall be subscribed or paid up, or where by this or the special Act the Authority of a General Meeting is required for such borrowing, the Certificate of a Sheriff that such definite Portion of the Capital has been subscribed or paid up, and a Copy of the Order of a General Meeting of the Company authorizing the borrowing of any Money, certified by One of the Directors or by the Secretary to be a true Copy, shall be sufficient Evidence of the Fact of the Capital required to be subscribed or paid up having been so subscribed or paid up, and of the Order for borrowing Money having been made; and upon Production to any Sheriff of the Books of the Company, and of such other Evidence as he shall think sufficient, such Sheriff shall grant the Certificate as aforesaid.

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