Union Bank of Australia Act 1847 11 Vic (NSW)

128°

UnIon BANK oF AUSTRALIA.

Preamble. 3 Vict.

Union Bank of Australia Act.

Inspectors autho- rized to receive all

moneys on behalf of

the company.

Bonds &e. how to be sued upon,

11° VIC. 1847.

Union Bank of Australia.

ANNO UNDECIMO

VICTORIA REGIN Z.

An Act to amend " An Act for facilitating Pro- " ceedings by and against a certain Banking " Company called ' The Union Bank of Aus- " tralia' and for other purposes therein men- * tioned." [16th August, 1847. ]

HEREAS an Act was passed in the third year of the reign of

Her present Majesty Queen Victoria intituled "An <Aet for " fucilitating Proceedings by and against a certain Banking Company " called 'The Union Bank of Australia' and for other purposes therein " mentioned" And whereas it is expedicnt to amend the said recited Act Be it therefore enacted by His Excellency the Governor of New South Wales with the advice and consent of the Legislative Council thereof That the Inspector for the time being of the said banking company shall be and is hereby fully authorized to receive and retain on behalf of the said company all money belonging or debts due to the said company whensoever howsoever and in whosoever's name the same may be secured and that the receipt in writing of such Inspector for any money 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. thereof.

2. And be it enacted That all bonds mortgages warrants of attorney and other securities whether assignable in law or not and all contracts and agreements whether parol or under scal which have here- tofore been or shall or may at any time hereafter be taken in the name of any person as Inspector of the said banking company or in the name of such Inspector and any other person or persons for or on account of the said company shall and may be put in suit and enforced sued and prosecuted upon at law or in equity in the name of the Inspector for the time being of the said company in whose name the same may have been or shall be taken or entered into or in the name of any person who shall or may succeed or be appointed to that office and be the Inspector for the time being of the said company at the time such proceeding or proceedings shall be instituted carried on or continued notwithstanding the name of any such succeeding Inspector be not inserted in any such bond mortgage warrant of attorney or other such security or in any such contract or agreement as an obligce mortgagee assignee payee of the sum or sums of money therein respectively mentioned or secured and the death resignation removal or other act of any Inspector for the time being of the said company in whose name any such bond mortgage warrant of attorney or other such security as aforesaid or any such contract or agreement shall be so put in suit shall not abate any action suit or other proceeding had thereon but the same may be continued and carried on in the name of -