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of the said Act, (excepting so far as relates to the division of the stock into shares of fifty pounds each,) shall be and the same is hereby repealed.

2. And in place and stead thereof, the capital or stock of the said Corporation shall consist of current gold and silver coins to the amount of thirty thousand pounds; the same to be divided into six hundred shares of fifty pounds each.

3. And whereas one half part of the shares already subscribed hath been paid in according to the directions of the said recited Act;-One half of all shares which may hereafter be subscribed, shall be paid immediately on such subscription, and the remaining half of all the shares of the said capital or stock shall be paid in such instalments, and at such days and times as the Directors of the said Bank may find occasion to require the same, first giving fifty days notice of the payment of any such instalment, in manner required in and by the fifteenth Section of the said recited Act.

4. Provided always, that nothing in this present Act contained shall extend, or be construed, adjudged, or taken to extend to repeal, annul, abridge, or alter any of the other Sections of the aforesaid Act, but that the said Act, and all the clauses therein contained, excepting so far as expressly repealed or altered by this Act, be and are hereby declared to be in full force, to all intents, constructions, and purposes whatsoever.

5. This Act shall be and remain in force and effect for and during the continuance of the said herein before recited Act, and no longer.

6th GEORGE 4th-CHAPTER 3.

An Act to increase the Capital Stock of the Bank of New Brunswick.

Section.

1. Stock, to what increased, 2, 3, 4. Obsolete.

Section.

5. Additional shares, to what subject.
6. Limitation.

Passed 17th March 1825.

WHEREAS from the increase of the trade of the Province, it is found expedient to increase the capital stock of the Bank of New Brunswick ;

Be it enacted, &c.-1. The capital or stock of the said Bank shall be increased by the sum of twenty thousand pounds,

making the said capital or stock, in the whole, fifty thousand pounds, which additional capital or stock shall be divided into four hundred shares of fifty pounds each.

2, 3 & 4. [These Sections are obsolete; they applied only to the manner of disposing of the additional stock.]

5. The said additional shares in the said capital or stock hereby created, and the holders thereof, shall at all times be subject and liable to all and singular the rules and regulations, clauses and provisions of an Act made and passed in the sixtieth year of the Reign of His late Majesty King George the Third, intituled An Act to incorporate sundry persons by the name of the President, Directors, and Company of the Bank of New Brunswick.

6. This Act shall be and remain in force and effect for and during the continuance of the said herein before recited Act, and no longer.

6th GEORGE 4th-CHAPTER 12.

An Act to incorporate sundry persons by the name of the President, Directors, and Company of the Charlotte County Bank.

Section.

1. Incorporation of Company. 2. Capital.

3. Lands, &c., to what amount may hold. 4. General meeting, when called.

5. Stockholders, annual meeting of, &c.

6. Officers, by whom appointed, &c.

7. Directors, Board of, &c.

8. Not to have salary; exception.

9. Qualification of.

10. Cashier, &c., to give bonds with sureties.

11. Stockholder, number of votes.

12. How may vote.

Section.

17. Shares assignable.

18. Company not to deal in what, &c.
19. Repealed.

20. Bills, &c., terms of.

21. Debts, what not to exceed.
22. Dividends.

23. Inspection of books.

24. Bills, &c., by whom signed.

25. Altered note, &c. to what extent to pay. 26. Bank where to be kept.

27. State of funds, when to lay before stockholders, &c.

13. Shares, how may be holden, within what 28. Access to books, &c., by whom.

time.

14. Vacancies, how filled.

15. Payments by stockholders when notified. 16. What notice given, and when.

29. General meeting, who may call.
30. On dissolution, how affairs closed.
31. Limitation,

Passed 17th March 1825.

WHEREAS it is thought that the establishment of a Bank at Saint Andrews, in the County of Charlotte, would promote the interests of that County, by increasing the means of circulation ;

Be it enacted, &c.-1. The Honorable William Black, Christopher Scott, John Dunn, Colin Campbell, Thomas Wyer, Harris Hatch, Elisha Andrews, Samuel Frye, Colin Campbell,

Junior, John Campbell, Hugh M'Kay, John M'Allister, Abner Hill, Aaron Upton, John Wilson, Beverly Robinson, Charles Joseph Briscoe, William Kerr, Joseph Nehemiah Clarke, Hugh Johnston, Junior, George Robinson, John M'Master, Moses Vernon, James Douglas, James Campbell, Junior, James M'Master, Joseph Walton, James Parkinson, William Garnett, and James Allenshaw, their associates, successors, or assigns, be and they are hereby declared to be a body corporate, by the name of "The President, Directors, and Company of the Charlotte County Bank," and they shall be persons able and capable in law to have, get, receive, take, possess, and enjoy houses, lands, tenements, hereditaments, and rents, in fee simple or otherwise, and also goods and chattels, and all other things real, personal, or mixt, and also to give, grant, let, or assign the same or any part thereof, and to do and execute all other things in and about the same as they shall think necessary for the benefit and advantage of the said Corporation; and also that they be persons able and in law capable to sue and be sued, plead and be impleaded, answer and be answered unto, defend and be defended, in any Court or Courts of law and equity, or any other places whatsoever, in all and all manner of actions, suits, complaints, demands, pleas, causes, and matters whatsoever, in as full and ample a manner as any other person or persons are in law capable of sueing and being sued, pleading and of being impleaded, answering and of being answered unto; and also that they shall have one common seal to serve for the ensealing of all and singular their grants, deeds, conveyances, contracts, bonds, articles of agreement, assignments, powers and warrants of attorney, and all and singular their affairs and things touching and concerning the said Corporation; and also that they, the said President, Directors, and Company, or the major part of them, shall from time to time and at all times, have full power, authority, and licence to constitute, ordain, make, and establish such laws and ordinances as may be thought necessary for the good rule and government of the said Corporation; provided that such laws and ordinances be not contradictory or repugnant to the laws or statutes of that part of the United Kingdom of Great Britain and Ireland called England, or repugnant or contrary to the laws and statutes of this Province.

2. The capital or stock of the said Corporation shall consist of current gold and silver coins of the Province, to the amount of fifteen thousand pounds; the sum of seven thousand five hundred pounds, one half part thereof, to be paid in current gold and silver coins of the Province, on or before the first day of October next, and the further sum of seven thousand five hundred pounds on or before the first day of October which will be in the year one thousand eight hundred and twenty six; the whole amount of said stock to be divided into shares of fifty pounds each, making in the whole three hundred shares.

3. The said Corporation shall have full power and authority to take, receive, hold, possess, and enjoy, in fee simple, any lands, tenements, real estates, and rents, to any amount not exceeding fifteen hundred pounds; provided nevertheless, that nothing herein contained shall prevent or restrain the said Corporation from taking or holding real estate to any amount whatsoever by mortgage, taken as collateral security for the payment of any sum or sums of money advanced by or debts due to the said Corporation; provided further, that the said Corporation shall on no account lend money upon mortgage, or upon lands or other fixed property, nor such be purchased by the said Corporation upon any pretext whatsoever, unless by way of additional security for debts contracted with the said Corporation in the course of its dealings.

4. Whenever one hundred shares shall have been subscribed of the said capital stock, a general meeting of the members and stockholders of the said Corporation, or the major part of them, shall take place by notice in one or more of the public Newspapers thirty days previous to such meeting, for the purpose of making, ordaining, and establishing such bye laws, ordinances, and regulations for the good management of the affairs of the said Corporation, as the members and stockholders of the said Corporation shall deem necessary, and also for the purpose of choosing [the word here omitted is repealed by 7 V. c. 14, s. 8,] Directors, being stockholders and members of the said Corporation, under and in pursuance of the rules and regulations hereinafter made and provided; which Directors so chosen shall serve until the first annual meeting for choice of Directors, and shall have full power and authority to manage the concerns of the said Corporation, and shall

commence the operations of the said Bank, subject nevertheless to the rules and regulations hereinafter made and provided; at which general meeting, the members and stockholders of the said Corporation, or the major part of them, shall determine the amount of payments to be made on each share, also the mode of transferring and disposing of the stock and profits thereof, which being entered on the books of the said Corporation, shall be binding on the said stockholders, their successors, and assigns.

5. There shall be a general meeting of the stockholders and members of the said Corporation, to be annually holden on the first Monday in May in each and every year, at Saint Andrews; at which annual meeting there shall be chosen by a majority of the said stockholders and members of the said Corporation, [the word here omitted is repealed by 7 V. c. 14, s. 8,] Directors, who shall continue in office for one year or until others are chosen in their room; in the choice of which Directors, the stockholders and members of the said Corporation shall vote according to the rule hereinafter mentioned; and the Directors when chosen, shall at their first meeting after their election, choose out of their number a President; provided always, that [the word here omitted is repealed by 7 V. c. 14, s. 8,] of the Directors in office shall be re-elected at such annual meeting for the next succeeding twelve months, of which the President shall always be one.

6. The Directors for the time being shall have power to appoint such officers, clerks, and servants, as they or the major part of them shall think necessary for executing the business of the said Corporation, and shall allow them such compensation for their respective services as to them shall appear reasonable and proper; all which, together with the expenses of buildings, house-rent, and all other contingencies, shall be defrayed out of the funds of the Corporation; and the said Directors shall likewise exercise such other powers and authorities for the well regulating the affairs of the said Corporation, as shall be prescribed by the bye laws and regulations of the same.

7. Not less than [the word here omitted is repealed by 7 V. c. 14, s. 8,] Directors shall constitute a Board for the transaction of business, of which the President shall always be one,

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