British Gas Light Company
Title
British Gas Light Company
Creator
British Gas Light Company £50 Share
Date
1 February 1825
Format
28.5 x 22.5cm
Abstract
A share for £50 in the British Gas Light Company for Isaac Morris Ellisen, it is engraved on parchment and several sections have been written by hand. The headpeice is a decorative design depicting a bright light that appears to illuminate the name of the company. This certificate has been signed in the bottom right corner by three of the directors of the company. There is a decorative sidepiece on the left, which has been cut in a waved pattern for security reasons. On the verso, there is a full page of printed text, entitled "Extracts from the deed of settlement, in regard to the sale and purchse of shares, and the admission of new proprietors".
Description
Recto Transcription:
British Gas Light Company Share £50 No 2921 This is to certify That Issac Morris Ellisen of foreign stock exchange in the city of London is the proprietor of the share No. 2921 in the capital of the British Gas Light Company as established by Deed of Settlement bearing date the first day of February 1825 and that the said share stands in his name in the share register book as the proprietor thereof. As witness our hands this first day of February one thousand eight hundred and twenty five.
Verso Transcription:
Extracts from the deed of settlement, in regard to the sale and purchase of shares and the admission of new proprietors. Every proprietor must, on the sale or disposal of his shares to another person, give notice to the court of directors of the name and residence of such person, and of the numbers of the shares, in respect of which it is proposed that he shall become a proprietor; as no person will be admitted a proprietor of the company until approved of by the court of directors, who have an absolute power of refusal. Not more than one person can be admitted a proprietor of any enture share or shares. Husbands of female proprietors of executors or administrators of deceased proprietors, or the assignees of bankrupt or insolvent proprietors, cannot be proprietors of the company in those capacities; but may procure other persons to be proprietors of the shares held by them; but they must previously leave at the office of the company in London, the certificate of marriage, will, letters of administration, or deed of assignment, as the case may be. Any of the above persons, except assignees may with the approbation of the court of directors become proprietors of the shares held by them; and until some person is admitted a proprietor of shares held by those persons, all dividends will remain in suspense. The name and residence of every person becoming a proprietor, and the number of his shares must be entered in "the share register book;" and every person becoming a proprietor, will be supplied upon application at the office in London, or at the office of any of the agents of the company, with a certificate of his shares, on his signing a receipt for such certificate, or a deed of covenant, as may be required by the court of directors. Every person selling, or otherwise disposing of, his shares, will be entitled to receive from the court of directors a certificate, which will be evidence of his being discharged from all further claims and liabilities, in respect of the shares sold, or therwise disposed of. So long as any person is a proprietor of any shares mentioned in a certificate, such certificate will, as between him and the company, be evidence of his being a proprietor of such shares. No person can become a proprietor of the company for any beneficial purpose, until he has executed a deed of covenance, or a receipt for the certificate of his shares, as may be required by the court of directors. The deed of covenant, to be executed by a new proprietor must be executed within two calendar months from the time of his being approved of the court of directors, otherwise his shares will be liable forfeiture. Notice must be given as soon as possible (and if by letter, post paid) at the office of the company, of the change of name or residence of a proprietor, and also of the death, bankruptcy, or insolvency of a proprietor: until such notice shall be given, letters addressed to the proprietors changing name or residence, or dying or becoming bankrupt or insolvent by the name at the place of residence, as entered in "the share registar book," are by the deed of settlement made sufficient notice. All necessary forms of notices, &c. may be had at the office of the company.
British Gas Light Company Share £50 No 2921 This is to certify That Issac Morris Ellisen of foreign stock exchange in the city of London is the proprietor of the share No. 2921 in the capital of the British Gas Light Company as established by Deed of Settlement bearing date the first day of February 1825 and that the said share stands in his name in the share register book as the proprietor thereof. As witness our hands this first day of February one thousand eight hundred and twenty five.
Verso Transcription:
Extracts from the deed of settlement, in regard to the sale and purchase of shares and the admission of new proprietors. Every proprietor must, on the sale or disposal of his shares to another person, give notice to the court of directors of the name and residence of such person, and of the numbers of the shares, in respect of which it is proposed that he shall become a proprietor; as no person will be admitted a proprietor of the company until approved of by the court of directors, who have an absolute power of refusal. Not more than one person can be admitted a proprietor of any enture share or shares. Husbands of female proprietors of executors or administrators of deceased proprietors, or the assignees of bankrupt or insolvent proprietors, cannot be proprietors of the company in those capacities; but may procure other persons to be proprietors of the shares held by them; but they must previously leave at the office of the company in London, the certificate of marriage, will, letters of administration, or deed of assignment, as the case may be. Any of the above persons, except assignees may with the approbation of the court of directors become proprietors of the shares held by them; and until some person is admitted a proprietor of shares held by those persons, all dividends will remain in suspense. The name and residence of every person becoming a proprietor, and the number of his shares must be entered in "the share register book;" and every person becoming a proprietor, will be supplied upon application at the office in London, or at the office of any of the agents of the company, with a certificate of his shares, on his signing a receipt for such certificate, or a deed of covenant, as may be required by the court of directors. Every person selling, or otherwise disposing of, his shares, will be entitled to receive from the court of directors a certificate, which will be evidence of his being discharged from all further claims and liabilities, in respect of the shares sold, or therwise disposed of. So long as any person is a proprietor of any shares mentioned in a certificate, such certificate will, as between him and the company, be evidence of his being a proprietor of such shares. No person can become a proprietor of the company for any beneficial purpose, until he has executed a deed of covenance, or a receipt for the certificate of his shares, as may be required by the court of directors. The deed of covenant, to be executed by a new proprietor must be executed within two calendar months from the time of his being approved of the court of directors, otherwise his shares will be liable forfeiture. Notice must be given as soon as possible (and if by letter, post paid) at the office of the company, of the change of name or residence of a proprietor, and also of the death, bankruptcy, or insolvency of a proprietor: until such notice shall be given, letters addressed to the proprietors changing name or residence, or dying or becoming bankrupt or insolvent by the name at the place of residence, as entered in "the share registar book," are by the deed of settlement made sufficient notice. All necessary forms of notices, &c. may be had at the office of the company.
Provenance
Acquired by Mr. Seymour Schulich in 1989. Donated by Mr. Seymour Schulich in 2017.
Contributor
Isaac Morris Ellisen, proprietor. Three British Gas Light Company directors.
Language
English
Coverage
Great Britain
Identifier
006, Share No. 2921
Files
Citation
British Gas Light Company £50 Share, “British Gas Light Company,” Schulich-Woolf Rare Book Collection, accessed April 25, 2024, https://schulichwoolf.omeka.net/items/show/511.