Commercial Banking Company Act 1835 6 Wm IV (NSW)

22 ) 6° GUL. IV. 1835.

Commercial Banking Company.

ANNO SEX'TO GULIELMI IV. REGIS.

KKK KKH KKK KKK KH EK KERR K KKK KK KKK KKK RK HEE K

pcommecat, An Act to enable the Proprietors of a certain Banking Establishment or Company carried on in the Town of Sydney in the Colony of New South Wales under the name style and firm of "' The Commercial Banking Company of Sydney" to sue and be sued in the name of the Managing Director of the said Bank or Company for the time being and for other

purposes therein mentioned. [21st July, 1835.]

\ HEREAS several persons having formed themselves into a joint Preamble stock banking company established in Sydney under the name style or firm of "The Commercial Banking Company of Sydney" as well for the purposes of discount and issuing of notes and bills and lending moneys on securities and cash accounts for the receiving moneys on deposit accounts for the safe custody of moneys and sccuritics for moneys for the general public accommodation and benefit as also for transacting and negotiating all such other matters and things as are usually done and performed relating to or connected with the ordinary business of banking And whereas the said bank is now being carried on in Sydney and is under the care management and superintendence of thirteen Directors one of whom is Managing Director of the said bank And whereas difficulties may arise in recovering debts due to the said bank or company and in maintaining actions or procecdings for damages done to their property and also in prosecuting persons w. ho may counterfeit steal or embezzle the bills notes bonds mortgages moncys goods chattels or effects of the said bank And whereas it would be convenient and just that persons having demands against the said bank should be entitled to sue some member thercof in place and stead of the whole But as these purposes cannot be effected without the aid and authority of the Legislature Be it therefore enacted by His Excellency Actions a Jaw &e. | the Governor of New South Wales with the advice of the Legislative the Managing Council That from and after the passing of this Act all actions and suits Director. and all proceedings at law or in equity to be commenced instituted and prosecuted or carricd on by or on behalf of the said bank or wherein the said bank is or shall be in any way concerned against any person or persons body or bodies politic or corporate or whether a member or members of the said bank or otherwise shall and may be lawfully commenced instituted and prosecuted or carried on in the name of the person who shall be Managing Director of the said bank at the time any such action suit or proceed- ings shall be commenced or instituted as the nominal plaintiff complainant or petitioner for or on behalf of the said hank and that all actions suits or proceedings aforesaid to be commenced instituted or