Commercial Banking Company Act 1846 10 Vic (NSW)

124 10° VIC. 1846.

Commercial Banking Company.

ANNO DECIMO

VICTORIA REGINA.

coment An Actto amend an Act to enable "The Com-

Banginc Comrany.

—— mercial Banking Company of Sydney" to sue and be sued in the name of the Managing Director for the time being of the said Com- pany and for other purposes therein men- tioned. [80th October, 1846.]

Preamble. ITEREAS an Act was passed in the sixth year of the reign of his 6 Will. Iv. late Majesty King William the Fourth intituled " An Act to CommercialBanking "* enable the Proprietors of a certain Bankiny Establishment or Company of Sydney «* 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"? And whereas it is expe- dient to amend the said recited Act Be it therefore enacted by His Excelleney the Governor of New South Wales with the advice and consent of the Legislative Council thereof That the Managing Director Managing Director for the time being of the said company shall be and is hereby fully all moneys on behalf authorized to reecive and retain on behalf of the said company all Fis ome pany and moncy belonging or debts due to the said company whensoever howso- rate persons paying ever and in whosoever's name the same may be secured and that the tabi: from all yeceipt in writing of such Managing Director for any moncy received by him shall exonerate the person or persons paying the same to him from all liability in respect of the same or the application thercof. Bonds mortgages &e. 2. And be it enacted That every bond mortgage warrant of to be ae Meeting attorney or other security whether assignable in law or not taken Director for the time Cither previously or subsequently to the day on which this Act shall re bakacby come into operation in the name of any person as Managing Director change of Managing Of the said banking company for and on account of the said company Director. shall and may be put in suit and be sued and prosecuted upon at law or in cquity im the name of the Managing Director for the time being and no suit shall abate by reason of any change of the Managing Director pending such suit nor shall it be necessary to enter any suggestion or file any supplemental bill or in any other way to notice such change on the face of the proceedings in such suit or action. Actions brought in 8. And he it enacted That the bringing such action or suit in name of Managing te)