An Act to authorise the redemption of the existing preference shares of the West Somerset Railway Company and to enable that Company to raise additional capital and for other purposes.
WHEREAS by the West Somerset Railway Act 1857 (hereinafter called "the Act of 1857") the West Somerset Railway Company (herein-after called "the Company") were incorporated with a capital of 120,000l. and empowered to construct the railway therein mentioned:

And whereas by the West Somerset Railway Act 1860 (herein-after called "the Act of 1860") the Company were empowered to issue the then unissued portion of their capital and any new shares therein to be issued instead of forfeited or canc...