Commercial Banking Company of Sydney Incorporation Act Amendment Act of 1867 31 Vic (NSW)

1867. 31° VIC.

Commercial Banking Co. of Sydney Incorporation Act Amendment.

An Act to amend an Act intituled " An Act to »,oom

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** incorporate the Proprietors of a certain Banking *" Company called ' The Commercial Banking "" Company of Sydney' and for other purposes "therein. mentioned'"' and to repeal an Act assented to on the sixth day of December in the year of our Lord one thousand eight hundred and sixty-six intituled "An Act to "amend an Act intituled 'An Act to incorporate *** the Proprietors of a certain Banking Company "called ' The Commercial Banking Company " "of Sydney' and for other purposes therein "*¢ mentioned.' [23rd December, 1867.]

NkiIna CoMPANY or SYDNEY INcoORPORATION Acr AMENDMENT.

HEREAS acertain Joint Stock Company called the "Commercial preamble.

Banking Company of Sydney" has been established and is carrying on the business of banking subject to certain rules regu- lations 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-cight 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 cleventh year of Her Majesty's reign intituled "An Act to incorporate " the Proprictors of a certain Banking Company called ' The Commer- "cial Banking Company of Sydney' and for other purposes therein « mentioned" the said Company was incorporated And whereas by the sixth and seventh sections of the said Act the period during which the said Corporation may issue bank notes or bills and carry on the business of banking in the said Colony was limited to the term of twenty-one years to commence from the period when the said Act came into operation and a certain restriction was by the seventeenth section of the said Act imposed to the extension or increase of the capital of the said Company which extension or increase was provided for by the sixteenth section of the said Act and by the said Deed of Settlement And whereas by an Act of the Legislature of New South Wales passed in the thirticth ycar of Her Majesty's reign intituled " An Act to amend an Act intituled 'An Act to incorporate the Pro- " * prietors of a certain Banking Company called *' The Commercial "* Banking Company of Sydney and for other purposes therein men- " « tioned' " the seventh and seventeenth sections of the said Act of Incorporation were repealed And whereas as it appears to be doubtful whether Her Majesty may not be advised to declare her disallowance of the said hereinbefore recited Act amending the said hereinbefore recited Act of Incorporation it hath been deemed expedient in order to remove all such doubts to repeal such Amending Act And whercas it hath been found expedient to amend the said Act of Incorporation Be it therefore enacted by the Qucen's Most Excellent Majesty by and with the advice and consent of the Legislative Council and Legis- lative Assembly of New South Wales in Parliament assembled and by the authority of the same as follows :—