Commercial Banking Company’s Act Amendment Act 1866 30 Vic (NSW)

1866. 30° VIC. . ll

Bishopric ef Goulburn Lands Investment.

An Act to amend an Act intituled '' An Act to , Coenen: " incorporate the Proprietors of a certain Banking "Company called ' The Commercial Banking "* Company of Sydney' and for other purposes " therein mentioned." [6th December, 1866,]

HEREAS a certain Joint Stock Company called "The Com- Preamble.

mercial Banking Company of Sydney" has been established and is carrying on the business of banking subject to certain rules regulations and provisions contained in a certain indenture or deed of settlement bearing date the fifteenth day of May in the year of our Lord one thousand eight hundred and forty-eight being the deed of settlement of the said Company And whereas by an Act of the Governor and Legislative Council of New South Wales passed in the eleventh year of Her present Majesty's Reign intituled "An Act to "incorporate the Proprietors of a certain Banking Company called "<« The Commercial Banking Company of Sydney' and for other pur- " poses therein mentioned" the said Company was incorporated And whereas by the said Act the period during which the said Corporation might issue bank notes or bills and carry on the business of banking in the said Colony was limited to twenty-one years and a certain restriction was imposed to the extension or increase of the capital of the said Corporation And whereas it hath becn found expedient to amend the said Act Be it therefore enacted by the Quceen's Most Excellent Majesty by and with the advice and consent of the Legis- lative Council and Legislative Assembly of New South Wales in Parlia- ment assembled and by the authority of the same as follows :—

1. The seventh and seventeenth sections of the said recited Sections 7 and 17

of Commercial Bank- Act shall be and are hereby repealed. ing Company's Act