Reference
Z1039/23/1
Title
Correspondence between the following parties: Corbould, Rigby & Company (solicitors for Higgins & Sons); A.J.Redman (chairman of Wells & Winch); Hooper & Fletcher (solicitors for Wells & Winch); Godden, Holme & Ward (London solicitors for Wells & Winch)
Issues include:
- articles of association of Wells & Winch gave no power to guarantee principal and interest of debentures of another company and this probably also applied to ordinary shares; to change this the Objects Clause of the Company's Memorandum would need to be altered and ratified by court [quotes Friary Holroyd and Healeys Breweries Limited as case law];
- agreement by Wells & Winch to purchase Higgins & Sons shares and question of how best to secure annuity to Cecil C.N.C.Higgins for his life, it being decided to charge the title of six [unnamed except for Bull, Bedford] properties;
- checking deeds of properties held by Higgins & Sons [no list] and transfer of titles (including problems around loss of will of George Higgins who died on 3 Aug 1883);
- dispute between counsels as to whether transfer of shares could be carried out verbally or had to be in writing (with comment by Cecil Higgins that the difference between the two ways was 1,800) and correspondence around the actual transfer;
- note of sealing of deed of enlargement regarding Cock, Bedford
Date free text
1927-1928
Production date
From: 1927 To: 1928
Level of description
item