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Preamble.

Certain persons incorporated.

Corporate

name and powers.

Capital and shares, &c.

Provisional Directors and their powers.

CAP. LIII.

An Act to incorporate the Bank of Hamilton.

[Assented to 14th June, 1872.]

HEREAS the persons hereinafter named and others by their petition have prayed that they may be incorporated for the purpose of establishing a bank in the City of Hamilton, and it is expedient to grant the prayer of the said Petition : Therefore Her Majesty, by and with the advice and consent of the Senate and House of Commons of Canada, enacts as follows:

1. John Winer, Edward Jackson, Edward Gurney, James Turner, James M. Williams, M.P.P., D. B. Chisholm, Dennis Moore, Jacob Hespeler, Hon. S. Mills, C. Magill, M.P., John Stuart, A.T. Wood, Edward Martin, Anthony Copp, E. Hyman, Alexander Harvey, John Harvey, Donald McInnes and James Watson, and such others as shall become shareholders in the corporation hereby created and their respective executors, administrators and assigns shall be and they are hereby constituted and declared to be a corporation, body corporate and politic, in fact, by and under the corporate name of the "Bank of Hamilton," and as such shall have perpetual succession and a common seal, with power to break, change and alter the same at pleasure, and also with all other powers incident to and necessary for the purposes hereinafter declared.

2. The capital stock of the said Bank shall be One Million of Dollars, divided into ten thousand shares of one hundred dollars each and its chief office shall be in the City of Hamilton.

3. The said persons above named shall be Provisional Directors for the purpose of organizing the said Bank, and they or a majority of them may cause stock books to be opened at such times and places as they or a majority of them shall think expedient, after first giving two weeks' notice thereof in one or more newspapers published in the City of Hamilton, upon which stock books shall be recorded the subscriptions of such persons as shall desire to become shareholders in the said Bank, and such books shall be kept open at the discretion of the said Provisional Directors, or a majority of them, so long as they shall deem necessary.

First general 4. Whenever Five Hundred Thousand Dollars of the capital meeting of shareholders. stock of the said Bank shall have been subscribed, and One Hundred Thousand Dollars thereof shall have been bonâ fide paid into some one of the present chartered banks of Canada, it shall be lawful for the said Provisional Directors, or a majority of them, after giving three weeks' notice in one or more newspapers published in the said City of Hamilton, to call a public meeting

of

of the Shareholders, to be held at such place in the said City of Hamilton as shall be mentioned in such notice, for the purpose of electing Directors and for other purposes connected with the said Bank. And it shall be lawful at such meeting to elect the requisite number of Directors of the said Bank, and thereupon Election of Directors, &c the duties of the Provisional Directors shall cease: and the Bank may thereupon issue its notes and carry on business, provided that if no more than one hundred thousand dollars shall then Provise. have been paid in upon such stock in manner aforesaid such further sum as shall be required to make up the sum of two hundred thousand dollars shall be called in and paid up within two years thereof.

5. The number of Directors of the said Bank shall be seven, Directors. subject to be increased or diminished from time to time by by-law to be passed as provided in the twenty-eighth section of the Act of the Parliament of Canada, passed in the thirty-fourth 34 V., c. 5. year of Her Majesty's reign, intituled "An Act relating to Banks and Banking."

to apply to

6. The said Act and all the provisions thereof shall apply to 34 Vict., c. 5 the Bank hereby incorporated in the same manner as if the same the Bank. were expressly incorporated in this Act, except in so far as such provisions relate specially to banks in existence before the passing thereof, or to banks en commandite, or are inconsistent with this Act.

7. This Act shall remain in force until the first day of July, Duration of in the year of our Lord, One Thousand Eight Hundred and this Act. Eighty-one.

in 12 mos.

8. The said Bank shall obtain from the Treasury Board, within Certificate of twelve months from and after the passing of this Act, the certifi- Board must bo Treasury cate required by section seven of the said Act relating to Banks and obtained withBanking, passed in the thirty-fourth year of Her Majesty's reign, chapter five; in default of which this Act shall become and be null and void and of no effect; and the Charter hereby granted, and all and every the rights and privileges hereby conferred shall be forfeited.

CAP. LIV.

An Act to incorporate the Halifax Banking Company.

[Assented to 14th June, 1872.]

W

HEREAS William Pryor, Brenton Haliburton Collins, and Preamble
Philip Carteret Hill, have by their petition prayed that

they might be incorporated for the purpose of establishing a Bank

Certain persons incorporated.

in the City of Halifax, in the Province of Nova Scotia; and whereas it is desirable to grant the prayer of their petition: Therefore Iler Majesty, by and with the advice and consent of the Senate and House of Commons of Canada, enacts as follows:

1. William Pryor, Brenton Halliburton Collins, Philip Carteret Hill, and such other persons as may become shareholders in the corporation to be by this Act created, and their assigns, shall be and they are hereby created, constituted and declared to be a corporation, body corporate and politic, by the name of "The name: chief Halifax Banking Company," and the chief office of the Bank shall be in Halifax, in the Province of Nova Scotia.

Corporate

office.

Capital stock

and shares.

Stock books

may be opened.

2. The capital stock of the said Bank shall be Five Hundred Thousand Dollars of lawful money of Canada, divided into twentyfive thousand shares of twenty dollars each.

3. For the purpose of raising the amount of the said capital stock the persons above named may cause such books to be opened at such times and places as they may deem expedient, and atter giving public notice thereof may receive subscriptions for such stock; and as soon as the said stock shall be subscribed, and at least One Hundred Thousand Dollars thereof paid in, a meeting of First meeting such subscribers shall in like manner be called at such place in of subscribers, the said City of Halifax as may be deemed convenient, for the election of Directors, and for the organization of the Bank; and such election shall be made then and there by a majority of shares voted upon, by ballot: Provided, that at least one hundred thousand dollars shall be paid up in addition within two years from the date when the Bank commenced business.

Election of

Directors.

Proviso.

Bank to be

eral law.

4. The Bank shall be subject to any general regulations respectsubject to gen- ing banking now in force or which may hereafter be made by the Parliament of Canada, and shall have such powers and privileges as may be conferred by such regulations.

Duration of
Act.

Certificate of Treasury Board must be obtained within 12 months.

5. This Act shall remain in force until the first day of July, in the year of our Lord One Thousand Eight Hundred and Eighty-one.

6. The said Bank shall obtain from the Treasury Board within twelve months from and after the passing of this Act, the certificate required by section seven of the said Act relating to Banks and Banking passed in the thirty-fourth year of Her Majesty's reign, chapter five, in default of which this Act shall become and be null and void and of no effect; and the charter hereby granted, and all and every the rights and privileges hereby conferred, shall be forfeited.

CAP.

W

CAP. LV.

An Act to incorporate the Bank of Acadia.

[Assented to 14th June, 1872.]

HEREAS the persons hereinafter named and others by their Preamble. petition have prayed that they may be incorporated for the purpose of establishing a bank in the Town of Liverpool, Nova Scotia, and it is expedient to grant the prayer of the said petition: Therefore Her Majesty, by and with the advice and consent of the Senate and House of Commons of Canada, enacts as follows:

persons

1. Stephen C. Tupper' Jabesh Snow, T. R. Pattillo, the elder, Certain James Sponagle, James Tupper, Thomas Rees and William Collins, incorporated and such others as shall become shareholders in the corporation hereby created and their respective executors, administrators and assigns, shall be and they are hereby constituted and declared to be a corporation, body corporate and politic, in fact, by and under the corporate name of the "Bank of Acadia," and as such shall have Corporate perpetual succession and a common seal, with power to break, powers. change and alter the same at pleasure, and also with all other powers incident to and necessary for the purposes hereinafter declared.

name and

shares.

2. The capital stock of the said Bank shall be Five Hundred Capital and Thousand Dollars, divided into five thousand shares of one hundred dollars each; and its chief office shall be in the Town of Chiet office. Liverpool, in the Province of Nova Scotia.

3. The said persons above named shall be Provisional Directors Provisional Directors, for the purpose of organizing the said Bank, and they or a their powers. majority of them may cause stock books to be opened at such times and places as they or a majority of them shall think expedient, after first giving two weeks' notice thereof in one or more newspapers published in the City of Halifax and in a local newspaper; upon which stock books shall be recorded the subscriptions of such persons as shall desire to become shareholders in the said Bank; and such books shall be kept open at the discretion of the said Provisional Directors, or a majority of them, so long as they shall deem necessary.

4. Whenever the whole of the capital stock of the said Bank First general shall have been subscribed, and One Hundred Thousand Dollars shareholders. meeting of thereof shall have been bond fide paid, it shall be lawful for the said Provisional Directors, or a majority of them, after giving four weeks' notice in one or more newspapers published in the City! of Halifax, and in the said Town of Liverpool, Nova Scotia, to call a public meeting of the shareholders, to be held at such place in the said Town 'of Liverpool, as shall be mentioned in such potice,

141

Election of
Directors, &c.

Proviso.

Directors; number of

34 Vict. c. 5 to apply.

Duration of
Act.

Certificate of
Treasury

obtained

within 12 months.

notice, for the purpose of electing Directors and for other purposes connected with the said Bank. And it shall be lawful at such meeting to elect the requisite number of Directors of the said Bank, and thereupon the duties of the Provisional Directors shall cease; and the Bank may thereupon issue its notes and carry on business: Provided that if no more than one hundred thousand dollars shall then have been paid in upon such stock in manner aforesaid such further sum as shall be required to make up the sum of two hundred thousand dollars shall be called in and paid up within two years thereafter.

5. The number of Directors of the said Bank shall be seven, subject to be increased or diminished from time to time by by-law to be passed as provided in the twenty-eighth section of the Act of the Parliament of Canada, passed in the thirty-fourth year of Her Majesty's reign, entitled "An Act relating to Banks and Banking."

6. The said Act and all the provisions thereof shall apply to the Bank hereby incorporated in the same manner as if the same were expressly incorporated in this Act, except in so far as such provisions relate specially to banks in existence before the passing thereof or to banks en commandite, or are inconsistent with this Act.

7. This Act shall remain in force until the first day of July, in the year of Our Lord one thousand eight hundred and eighty-one.

8. The said Bank shall obtain from the Treasury Board within Board must be twelve months from and after the passing of this Act, the certificate required by section seven of the said Act, relating to Banks and Banking, passed in the thirty-fourth year of Her Majesty's reign, chapter five, in default of which this Act shall become and be null and void and of no effect; and the charter hereby granted and all and every the rights and privileges hereby conferred, shall be forfeited.

Preamble.

CAP. LVI.

An Act to incorporate the Bank of Saint John.

WH

[Assented to 14th June, 1872.

WHEREAS Acalus Lockwood Palmer, Simeon Jones, John W. Nicholson, Thomas R. Jones, William H. Tuck and others, have prayed that they might be incorporated for the purpose of establishing a bank in the City of Saint John, in the

Province

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