Western Australian Repealed Regulations

This legislation has been repealed.

ESPERANCE PORT AUTHORITY (DEBENTURES AND INSCRIBED STOCK) REGULATIONS 1969 - REG 25

25 .         Issue of debentures

        (1)         All signatures on the face of a debenture shall be made in writing.

        (2)         Where a loan is issued wholly or partly in the form of a debenture or debentures the transactions relating to the debenture or debentures and the coupons attached thereto shall be recorded at the office of the Port Authority in a general register of debentures.

        (3)         There shall be kept at the office of the Port Authority in a form approved by the Port Authority, records showing particulars of every debenture received, issued, surrendered, cancelled and on hand.

        (4)         Debentures may be purchased by any person, but if an owner has not attained or does not appear to the Registrar to have attained the age of eighteen years, the Registrar may deliver the debentures to the parent or guardian of the owner, and the receipt of the parent or guardian shall be a valid discharge to the Port Authority from all actions, suits, claims and demands in respect of the debentures so delivered.

        (5)         Before any debenture is issued to a purchaser, any overdue interest coupons shall be detached therefrom and cancelled.

        (6)         Where any debenture cannot be handed personally to the owner at the office of the Port Authority the Registrar may arrange or cause to be arranged delivery of the debenture through a bank or other agency, and a receipt shall be obtained by the Registrar in exchange for every debenture delivered.