National Stud Act, 1945

Memorandum of Association of the Company.

12.—(1) The Memorandum of Association of the Company shall be in such form consistent with this Act as shall be approved of by the Minister for Agriculture, after consultation with the Minister for Finance.

(2) The objects of the Company shall be so stated in the Memorandum of Association that the principal objects of the Company shall be—

(a) to take such leases or licences of the National Stud Farm or any part thereof as the Minister for Agriculture may from time to time make or grant to the Company;

(b) to carry on the business of stud farming on any land which is the subject of any such lease or licence and on any other land held by the Company.