The City Bank of Sydney Act 1910 (NSW)

An Act to amend the City Bank Act. [28 July, 1910. ]

Tur City Bank OF SYDNEY, |

ILEREAS by deed of settlement of The City Bank, datcd Preamble,

the first day of October, one thousand eight hundred and sixty-three, between the several persons who had executed or who should thereafter execute the same, it was declared by Part I, clause 1, that the several persons then or thereafter parties to the said deed should, whilst holding shares in the capital of the company, be and continue a joint stock company under the name, style, and title of "The City Bank," under and subject to the rules, provisions, and agreements there contained: And it was further declared by Part I, clause 1, of the said deed of settlement that the capital of the said company should consist of two hundred thousand pounds, and of such further sum or sums as might thereafter be raised, but so

that the whole capital of the company should not exceed the sum of five

Act, 1910.

The City Bank of Sydney.

five hundred thousand pounds: And whereas by the City Bank Act, section two, it was enacted that every person who had already become, or at any time or times theres after should or might in the manner provided, by and subject 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, should for the purpose therein mentioned, but subject nevertheless to the conditions, restrictions, regulations, and provisions thereinafter contained, be one body politic and corporate in name and in deed by the name of "The City Bank': And by section three of the same Act it was enacted that the several laws, rules, regulations, clauses, covenants, and agreements contained in the said indenture or deed of settlement, or to be made under or by virtue or in pursuance thereof, were and should be deemed and considered to be and should be the by-laws for the time being of the said corporation, save and except in so far as any of them were or should or might be altered, varied, or repealed by, or were or should or might be 'inconsistent or incompatible with or repugnant to any of the provisions of the now reciting Act or of any of the laws or statutes in force in the Colony of New South Wales, 'subject, nevertheless, and the same might be amended, altered, or repealed, either wholly or in part, in the manner provided in and by the said indenture or deed of settlement ; but no rule or by-law should on any account or pretence whatsoever 'be made by the said company, either under or by virtue of the said indenture