Grass Meal (Production) Act, 1953

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Number 11 of 1953.


GRASS MEAL (PRODUCTION) ACT, 1953.


ARRANGEMENT OF SECTIONS

Part I.

PRELIMINARY.

Section

1.

Short title.

2.

Definitions.

3.

Expenses of the Minister.

4.

Exemption from stamp duties.

Part II.

MIN FHEIR TEORANTA.

5.

Formation and registration of the Company.

6.

Name and capital of the Company.

7.

Memorandum of Association of the Company.

8.

The Articles of Association of the Company.

9.

Restrictions on being director.

10.

Alteration of Memorandum and Articles of Association of the Company.

11.

Restriction on activities of the Company.

12.

Grant of licence to the Company to manufacture particular products.

13.

Loan to company to pay expenses of formation.

14.

Grants to the Company.

15.

Issue of share capital of the Company.

16.

Restrictions on issue of share capital of the Company.

17.

Power of Minister for Finance to acquire shares by subscription.

18.

Powers of Minister for Finance as shareholder.

19.

Obligation of shareholders (other than Minister for Finance) to hold shares in trust for Minister for Finance.

20.

Payment of dividends, etc., into the Exchequer.

21.

Power of Company to issue debentures.

22.

State guarantee of debentures of the Company.

23.

Advance of moneys out of Central Fund.

24.

Obligation to furnish balance sheets, etc., to the Minister.

25.

Provisions in relation to the winding-up of the Company.

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Number 11 of 1953.


GRASS MEAL (PRODUCTION) ACT, 1953.


AN ACT TO AUTHORISE THE MINISTER FOR INDUSTRY AND COMMERCE TO PROMOTE A LIMITED COMPANY FOR THE ACQUISITION, DRAINAGE AND CULTIVATION OF BOGLAND IN THE BANGOR ERRIS AREA, THE PROCESSING OF GRASS AND OTHER PLANTS AND THE CARRYING ON OF KINDRED AND INCIDENTAL ACTIVITIES AND TO PROVIDE FOR MATTERS CONNECTED WITH THE MATTERS AFORESAID. [31st March, 1953.]

BE IT ENACTED BY THE OIREACHTAS AS FOLLOWS :—