Compante. |Ch. 31. No. 1.
by parol on behalf of the company by any person
acting under its authority, express or implied.

(2) A contract made according to this section shall
be effectual in law, and shall bind the company and its
successors and all other parties thereto.

(3) A contract made according to this section may
be varied or discharged in the same manner in which it is
authorised by this section to be made.

32. A bill of exchange or promissory note shall be deemed
to have been made, accepted or indorsed on behalf of a
company if made, accepted or indorsed in the name of, or
by or on behalf or on account of, the company by any
person acting under its authority.

33. (1) A company may, by writing under its common

‘aul, empower any person, cither generally or in respect of
any specified matters, as its attorney, to execute deeds on
its behalf in any place not situate in the Colony.

(2) A deed signed by such an attorney on behalf of
the company shall bind the company and have the same
eflect as if it were under its common seal.

34. (1) A company whose objects require or comprise the
transaction of business out of the Colony may, if authorised
by its articles, have for use in any territory, district, or
place not situate in the Colony, an official seal, which shall
be a facsimile of the common seal of the company, with the
addition on its face of the name of every territory, district,

place where it is to be used.

(2) A deed or other document to which an official
‘al is duly affixed shall bind the company as if it had been
‘aled with the common seal of the company.

(3) A company having an official seal for use in any
such territory, district or place may, by writing under its
common seal, authorise any person appointed for the
purpose in that territory, district or place, to affix the official
seal to any deed or other document to which the company
is party in that territory, district or place.

T.—IV. 23

353

Bills of
exchange
and promis-
sory notes.

[execution
of deeds out
of the
Colony,

*ower for
company to
have official
seal for use
out of the
Colony,