Joint-Stock Companies.
" That in future, with the exception of biUs for making or improv. ing any turnpike-road, navigation, aqueduct, cut, or canal, railway, or iron road, tunnel or aechway, bridge, ferry, dock, pier, port, or harbour, and of bills forlighting, paving, or watching any one town, parisb, or district, all bills brought into this house, enacting and de. claring that certain persons shall form a body politic at,d cor- -porate, who shaU only be bound to the extent of their respective sbares; or granting to the same the privilege of a perpetual suc- cession, and a cornmon seal, or the right of suing and being sued, pleading and being impleaded, at law or in equitv, or of prosecuting any person who shatl commitany felony, misdenianour or othier offence; or any biU conveying to any number of Persons who are not bound conjointly and severally to the extent of their re- spective for-u.tes, one or mixore of the aforesaid privileges, such bill, after being read a first time, shaU be referred to a select committee; and that no such bill shall be read a second time till the committee to which it is referred have reported that it has to them 'been proved in a satisfactory manner that four-fifths of the capital intended to form the jeint stock of such company is deposited in the Bank of England, or vested in exchequer-bills, or in the public fands, in the name of trustees, to be transferred to such company -when they are by law constituted a body politic and corporate, or have by law acquired any of the aforesaid privileges. " That in future, when any fill shall be brought into this house, granting and enacting in favour of any body politic and corporate, previously constituted such by royal charter, and who are not bound conjointly and severally to the extent of their respective fortunes, further privileges, such bill, after being read a first time, shall be referred to a select committee; and that no such bill shall be read a second time till the committee to which it is referred have re- ported that it has to them been proved in z satisfactory manner, that four-ftfths of the capital intended to form the joint stock of sueh company has been paid up by tbh individual proprietors, and is now iD the _ctual possession of those who under the royal charter have the dire_tion and management of such comparey." JOINT-STOCK COMPANIES. LOnD LAUDERDALE S RgSOLUTIONS. AS A,%ftlrnl