379
the note issue of
terms.
"
the Bank
on the following
XII. It shall be lawful for the Company "to make, issue and circulate Notes or "Bills payable to Bearer
on
demand
"in coin law fully current in the Colony "and to re-issue the same; provided
that no such notes shall be issued
other sums than the sum of
"For
any "Hive Dollars
or some multiple of
"such sum or other equivalent amount
"unless the issuing of Notes of other
amounts shall be sanctioned
by
the
"Governor; provided also that nothing "herein contained shall exempt the Company
"from the operation of any existing
" future laws
of
the
Colony, or of any
"port, city, town or place beyond the
"limits
-establish Bank or Branch Banks, restricting
regulating the issue of such notes, "by Banks established therein. And "provided also that the Shareholders " of the Company shall be subject to unlimited liability in respect of
“
"all or
any
such issues or issue
of
"potes, and, if necessary, the assets
"of
"
the Company shall be marshalled
for the benefit of the general creditors "of the Company, and the shareholders "shall be liable for the whole amount "of such issue, in addition to the sum "for which they
are liable, under the
"other and general provisions of "Ordinance."
this
opinion
of
the Colony
where they
they may a foresaid
establish
My Lords would ack
your as to the manner in which this clause would operate in the event
of
with such consent as
i