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Railway Companies Act 1867
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29Restriction on issuing at Discount of Shares or Stock already authorized.
Provided that any Shares the Creation whereof has been authorized by a Company, but which have not been issued, before the passing of this Act, shall not be issued on any Terms other than those whereon the same might have been issued if this Act had not been passed, unless and until the Issue thereof on Terms other than as aforesaid is after the passing of this Act authorized by the Company in manner provided by Part II. of The Companies Clauses Act, 1863.
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