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Where promoters are a company, application must be approved by members, as applications for Bills are required to be by the Standing Orders.
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57. Where the certificate is obtained by a previously existing company incorporated by special Act or by certificate, it shall be the duty of the Board of Trade not to settle a draft of the certificate without being satisfied that the members of the company have approved of the application to the Board of Trade, in like manner as, under the Standing Orders of either House of Parliament for the time being in force, their approval of a railway bill would be required to be given in the same case.
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