Lapas attēli
PDF
ePub

Province of New Brunswick: and whereas it is desirable to grant the prayer of their petition: Therefore Her Majesty, by and with the advice and consent of the Senate and House of Commons of Canada, enacts as follows :—

1. Acalus Lockwood Palmer, Simeon Jones, John W. Nicholson, Incorporation. Thomas R. Jones, William H. Tuck 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 Corporate politic, by the name of "The Bank of Saint John."

name.

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, which said shares shall be and are hereby vested in the several persons who shall subscribe for the same, their heirs, legal representatives and assigns: and the holders of a majority of Increase of the shares of the said Bank, may at any time by resolution, capital. increase the capital stock of the said corporation to any sum not exceeding two millions of dollars.

Directors and their powers.

Stock books.

meeting and

3. For the purpose of organizing the said Bank, and of raising Provisional the amount of the said capital stock, the persons herein before mentioned shall be Provisional Directors thereof; and they or the majority of them may cause stock books to be opened after giving due public notice thereof; upon which stock books shall and may be received the signatures and subscriptions of such parties or persons as desire to become shareholders in the said Bank; and such books shall be opened at Saint John aforesaid, and elsewhere at the discretion of the Provisional Directors or a majority of them, and shall be kept open so long as they shall deem necessary and so soon as Five Hundred Thousand Dollars of the capital stock shall have been subscribed upon the said stock books, and One Hundred Thousand Dollars thereof actually paid First general into some one of the present chartered banks in Canada, a public election of meeting shall be called of the subscribers thereof, by notice pub- Directors. lished for at least four weeks in two newspapers of the said City of Saint John, such meeting to be held in Saint John aforesaid, at such time as such notice shall indicate; and at such meeting the subscribers shall proceed to elect five Directors, having the requisite stock qualification, who shall from thenceforward manage the affairs of the said corporation, shall take charge of the stock books hereinbefore referred to, and shall continue in office until Term of office. the second Tuesday in March, which shall be in the year next after the year in which they are so elected, and until their successors in office shall be duly elected; and immediately upon such election being had, the functions of the said Provisional Directors shall cease.

of business

4. The chief place or seat of business of the said corporation Chief place shall be in the City of Saint John.

Act 34 V. c. to apply.

Exception.

Duration of
Act.

Certificate Treasury Board to be obtained within 12 months.

5. The Act of the Parliament of Canada, passed in the thirtyfourth year of the reign of her present Majesty, intituled "An Act relating to Banks and Banking," and all the provisions thereof shall apply to the Bank hereby incorporated in the same manner as if it were expressly incorporated with this Act, except in so far as such provisions may relate only to banks already in existence or to banks en commandite.

6. This Act shall remain in force until the first day of July, in the year of our Lord One Thousand Eight Hundred and Eightyone, and no longer.

7. 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.

Preamble.

Notice of clos ing the Bank

to be publish ed, and how.

CAP. LVII.

An Act relating to the Central Bank of New Brunswick. [Assented to 14th June, 1872.]

HEREAS the bank corporation, known as "The President Directors and Company of the Central Bank of New Brunswick," has for some years past ceased its operations and business, and has paid off all bills and notes issued by the Bank, so far as they have been presented for payment; and the Directors of the said Bank, with the approval of the shareholders, are desirous of winding up and closing its concerns, and of distributing the surplus assets of the Bank among the shareholders; Therefore Her Majesty, by and with the advice and consent of the Senate and House of Commons of Canada, enacts as follows:--

1. A notice of the passing of this Act, and of the intended closing of the concerns of the Bank shall be published for twelve months in the Royal Gazette of the Province of New Brunswick, in the Fredericton Reporter, a newspaper published at the city of Fredericton, in the said Province, in the Union Advocate, a newspublished at the Town of Newcastle, Miramichi, in the said Province, and in some one newspaper published in the City of Saint John, in the said Province, in which notice all persons holding any bills or notes of the said Bank, or having any just and legal claims or demands against the said Bank, shall be required to present the same within twelve months from the date of such notice to the President of the said Bank at the City of Fredericton.

tion of assets.

2. After the expiration of such period and the full payment of Final distribuall bills or notes, and just and legal claims and demands so presented, the President and Directors of the said Bank may forthwith make final distribution of the surplus of the funds realized from the assets of the said Bank among the stockholders, in proportion to their amount of stock,-first, however, deducting therefrom a sufficient sum to pay any debts not claimed, but appearing by the books of the Bank to be due, and which debts are not now barred by the statute of limitations.

3. When such distribution has been made, the stockholders of Liability of the said Bank shall be released from any further liability to the to cease after stockholders creditors of the Bank at law or in equity, or otherwise howsoever, a certain time. in respect of any bills, notes, claims or demands whatsoever not so presented within such period as aforesaid: and all such bills, notes, claims and demands not so presented shall become void and of no effect: Provided, however, that nothing in this Act contained shall Proviso: as to revive or be construed to revive any claim or debt against the said claims barred Bank now barred by the statute of limitations; and whenever any Limitations. claim or debt for the payment whereof part of the surplus funds has been reserved under the next preceding section becomes barred by the statute of limitations, the sum provided to pay such debt may be distributed in the manner provided by the said section as respects other moneys forming part of the said surplus fund.

by Statute of

CAP. LVIII.

An Act to incorporate the Maritime Bank of the Dominion of Canada.

[Assented to 14th June, 1872.]

HEREAS James Domville, Zebedee Ring, John W. Cudlip,

Smith,

Fairweather, and others, have by their petition prayed that they might be incorporated for the purpose of establishing a bank in the City of Saint John, in the Province of New Brunswick ; and whereas it is desirable to grant the prayer of their petition: Therefore Her Majesty, by and with the advice and consent of the Senate and House of Commons of Canada, enacts as follows:

Preamble.

1. James Domville, Zebedee Ring, John W. Cudlip, James Incorporation. Nevins, Albert J. Smith, J. V. Troop, Charles H. Fairweather 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 corporate and politic by the name of the "Maritime Bank of the name. Dominion of Canada."

Capital and

sh res.

Provisiona!
Directors.

for election of Directors.

2. The capital stock of the said Bank shall be One Million Dollars, with power to increase such capital stock to Two Million Dollars, such stock to be divided into shares of one hundred dollars each; which shares shall be and are hereby vested in the several persons who shall subscribe for the same, their heirs, legal representatives and assigns.

3. For the purpose of organizing the said Bank, and of raising the amount of the said capital stock, the persons hereinbefore mentioned shall be Provisional Directors thereof, and they or the majority of them may elect a chairman, and cause stock books to Stock books. be opened after giving due public notice thereof; upon which stock books shall and may be received the signatures and subscriptions of such parties or persons as desire to become shareholders in the said Bank; and such books shall be opened at Saint John and elsewhere, at the discretion of the Provisional First meeting Directors, and shall be kept open so long as they shall deem necessary; and so soon as Five Hundred Thousand Dollars of the capital stock shall have been subscribed upon the said stock books, and One Hundred Thousand Dollars thereof actually paid into some one of the present chartered banks in the Dominion of Canada, a public meeting shall be called of the subscribers thereof, by notice published for at least four weeks in two newspapers of the said City of Saint John; such meeting to be held in Saint John aforesaid, at such time and place as such notice shall indicate; and at such meeting the subscribers shall proceed to elect seven Directors, having the requisite stock qualification, who shall from thenceforward manage the affairs of the said corporation, shall take charge of the stock books herein before referred to, and shall continue in office until the second Tuesday in March, which shall be in the year next after the year in which they are so elected, and until their successors in office shall be duly elected; and immediately upon such election being had, the functions of the said Provisional Directors shall cease.

Term of office.

President and Vice-President.

Chief place of business.

Act 31 Vict.

4. The said Directors so chosen shall at their first meeting after their election, choose one of their number to be President, and another to be Vice-President of the said Bank.

5. The chief place or seat of business of the said corporation, shall be in the City of Saint John aforesaid.

6. The Act passed in the thirty-fourth year of the reign of Her c. 5, to apply. Majesty, Queen Victoria, intituled "An Act relating to Banks and Banking," and all the provisions thereof, shall apply to the Bank hereby incorporated in the same manner as if it were expressly incorporated with this Act, except in so far as such provisions may relate only to banks already in existence, or to banks en commandite.

Exception.

Duration of
Act.

7. This Act shall remain in force until the first day of July, which will be in the year of our Lord One Thousand Eight Hundred and Eighty-one, and no longer.

Treasury

within 12

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 be cate required by section seven of the said Act, relating to Banks obtained and Banking, passed in the thirty-fourth year of Her Majesty's months. 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 the rights and privileges hereby conferred, shall be forfeited.

CAP, LIX,

An Act to incorporate the Superior Bank of Canada.

WH

[Assented to 14th June, 1872.]

HEREAS, Adam Crooks, John Shedden, S. Nordheimer, Preamble. James Michie, A. H. Sibley, G. A. Kirkpatrick, A. M. Clark, W. Hessin, N. Rooney, R. F. McEwen, S. Mandlebaum, Thomas Dick, R. J. N. Chipman, C. J. Blomfield, Clarkson Jones, George Wilson and others have, by their petition, prayed that they may be incorporated for the purpose of establishing a bank in the City of Toronto, in the Province of Ontario, with branches elsewhere; and whereas it is expedient to grant the prayer of their petition: Therefore Her Majesty, by and with the advice and consent of the Senate and House of Commons of Canada, enacts as follows:-

1. Adam Crooks, John Shedden, S. Nordheimer, James Michie, Certain A. H. Sibley, G. A, Kirkpatrick, A. M. Clark, W. Hessin, N. persons incorporated. Rooney, R. F. McEwen, S. Mandlebaum, Thomas Dick, R. J. N. Chipman, C. J. Blomfield, Clarkson Jones, George Wilson 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 Corporate hereby created, constituted and declared to be a corporation, name. body corporate and politic," by the name of the "Superior Bank of Canada."

and shares.

2. The capital stock of the said Bank shall be One Million Capital stock Dollars, divided into ten thousand shares of one hundred dollars each; which said shares shall be and are hereby vested in the several persons who shall subscribe for the same, their legal representatives or assigns.

3. The said Adam Crooks, John Shedden, S. Nordheimer, James First general Michie, A. H. Sibley, G. A. Kirkpatrick, A. M. Clark, W. Hessin, shareholders. meeting of N. Rooney, R. F. McEwen, S. Mandlebaum, Thomas Dick, R. J. N. Chipman, C. J. Blomfield, Clarkson Jones and George Wilson, shall be Provisional Directors of the said Bank, and they or a majority of them may cause stock books to be opened after giving due notice thereof; upon which stock books shall and may be

received,

« iepriekšējāTurpināt »