Melbourne Sydney and Adelaide Chartered Bank Act 1853 17 Vic (NSW)

MELpourne SYDNEY AND ADELAIDE CuarTERED Bak,

Preamble.

Bank incorporated.

Colonial deed of settlement to be approved hy Governor,

An Act to incorporate " The Melbourne Sydney and Adelaide Chartered Bank" and for other

purposes therein mentioned. [8rd December, 1853. ]

HEREAS certain persons have united and formed them- selves into a copartnership or joint stock company called «The Melbourne Sydney and Adelaide Chartered Bank" with a view to carry on the business of a bank of issue discount and deposit in the city of Sydney in the Colony of New South Wales and in other parts of Her Majesty's dominions subject to the provisions of a certain preliminary indenture or deed of settlement made and entered into in England and of a further preliminary deed of settlement intended to be executed in the said Colony And whereas it is intended that the capital of the said company shall be two hundred thousand pounds (subject to the provisions for increasing the same hereinafter contained) And whereas one moicty thereof that is to say the sum of one hundred thousand pounds has already been subscribed for And whereas the said company are desirous of being incorporated and it is expedient that they should be incorporated accordingly subject to the provisions hereinafter contained Be it therefore enacted by His Excellency the Governor of New South Wales with the advice and consent of the Legislative Council thereof as follows—

1. The persons who have already become or shall hereafter become proprietors of shares in the capital of the said company shall be one body politic and corporate by the name of "The Melbourne Sydney and Adelaide Chartered Bank " and by that name shall have perpetual succession and a common seal and by that name shall and may sue and be sued implead and be impleaded in all Courts of law and equity and may prosecute or inform against any person for any crime or offence and may in any indictment information or prosecution state the money goods effects bills notes securities or other pro- perty of the said company to be the property of the said corporation and may designate the said company by its corporate name whenever such designation shall be necessary and the said common seal may be altered varied and changed at the pleasure of the said corporation.