City Bank Act 27 Vic (NSW)

1864. 27° VIC. City Bank.

An Act to incorporate the Shareholders of a om 3a" certain Banking Company called " The City Bank" and for other purposes therein mentioned. [9th February, 1864. |

HEREAS a Joint Stock Banking Company called "The City Preamble.

Bank'' has been lately established at Sydney in the Colony of New South Wales under and subject to the rules regulations and provisions contained in a certain indenture or deed "of settlement bearing date the first day of October in the year of Our Lord one thousand cight hundred and sixty-three And whereas the said Company is desirous of being incorporated and it is expedient that it should be incorporated accordingly but subject to the provisions hereinafter contained Be it therefore enacted by the Queen's Most Excellent Majesty by and with the advice and consent of the Legislative Council and Legislative Assembly of New South Wales in Parliament assembled and by the authority of the same as follows :—

1. The following words and expressions in the Act shall have the Interpretation several meanings hereby assigned to them unless there be something °#"** in the subject or the context "repugnant to such construction (that is to say)—

The expression "The Company" shall mean the Company the « Company." incorporated by this Act

The expression "The Directors' shall mean the Board of rhe « nirectors." Directors of the Company for the time being duly appointed under the provisions of the said deed of settlement

The word "Sharcholdcr"' shall mean shareholder proprietor « Shareholder." or member of the Company.

2. Every person who has already become or at any time or Company incor- times hereafter shall or may in the manner provided by and subject 2°" to the rules regulations and provisions contained in the said indenture or deed of settlement become holder of shares of or in the capital for the time being of the said Company shall for the purpose aforesaid but subject nevertheless to the conditions restrictions regulations and provisions hereinafter contained he onc body politic and corporate in name and in deed by the name of " The City Bank" and by that name shall and may sue any person or persons body or bodies politic or corporate whether a member or members of the said Company or not and may be sued implead and be impleaded in all Courts whatsoever at Law or in Equity and may prefer lay and prosecute any indictment information or prosecution against any person or persons whomsoever for any stealing embezzleme nt fraud 'forgery erime or offence and in all indictments informations and prosecutions it shall be lawfal to state the moncy and goods effects bills notes securitics or other property of whatsoever nature of the said Company to be the money goods effects bills notes securities or other property of the said Com- pany and to designate the said Company or co-partnership by its corporate name whenever for the purpose of any allegation of an intent to defraud or otherwisc howsoever such designation shall be necessary and the said Company shall have perpetual succession with a common seal which may be altered varied and changed from time to time at the pleasure of the said Company.