105
PUBLIC RECORD OFFICE
C.O.
Reference :-
+885
17 PUBLIC RECORD OFFICE, LONDON
ALLY WITHOUT PERMISSION OF THE BE REPRODUCED PHOTOGRAPHIC- COPYRIGHT PHOTOGRAPH-NOT TO
§ III.-Regulations respecting the Incorporation of Banking Companies in the Colonies.
314. In Charters or legislative Enactments relating to the Incorporation of Banking Com- panies in the Colonies, provision should be made for the observance of the following regulations and conditions :-
315. The Amount of the Capital of the Com- pany and number of shares to be determined; and the whole of such determined amount to be subscribed for within a limited period, not ex- ceerling Eighteen Months from the date of the Charter or Act of Incorporation.
316. Shareholders to be declared a Body Corporate, with common seal and perpetual suc- cession, and other usual corporate powers; and with any requisite proviso that judgment against the Corporation shall attach to all additional liability of the Shareholders, as well as to paid- up Capital and other property of the Company.
317. Provision to be made, either by Recital and Confirmation of any Deed of Settlement in these respects or otherwise, for the due Manage- ment of the Company's Affairs by Appointment of Directors, and so forth, so far as shall seem
for the security of the Public.
necessary
318. No bye-law of the Company to be repug- nant to the conditions of the Charter or Act of Incorporation, or to the Laws of any Colony in which the Company's Establishments may be placed.
319. The Corporate Body thus constituted may be specially empowered, subject to the con ditions hereafter mentioned, to carry on for a limited term of years (not to exceed Twenty-one Years unless under particular circumstances), and within the Colony or Colonies specified in the Charter or Act of Incorporation, but not elsewhere, the Business of Banker; and for the like term to issue and circulate within the said Colony or Colonies, but in such nunner only as snall not be at variance with any general law of the Colony, Promissory Notes payable in Specie on Demand.
21249
2 D
PUBLIC RECORD OFFICE
Reference :-
TILLIC.O.88
+885
COPYRIGHT
17 PUBLIC RECORD OFFICE, LONDON
ALLY WITHOUT PERMISSION OF THE BE REPRODUCED PHOTOGRAPHIC-
PHOTOGRAPH-NOT TO
104
of the employment of a Commission the nal bonds of the Officers joined in Com- on are to be taken as to their separate acts.
3. As all security required from persons nted to the temporary charge of Offices ed in consequence of leave of absence, or any other cause, is to be independent of, inconnected with, any security which may been given by the established Officer, the ruor is particularly cautioned that the bonds
er instrument which may be prepared with v of giving effect to the security required the acting Officers should have no reference bonds of the established Officer or of his ies, and should not contain any clause
I might be construed as interfering with or ing in any manner the original bonds of rincipal, either during his absence or on turn to duty. At the same time it is not led that this precautionary instruction d prevent the Governor from accepting the ional security of the principal who may be to absent himself on leave, should he be g to enter into a new bond for his Substi-
or to join in the security to be given by Substitute.
'| 2| 3| 4|
PUBLIC RECORD OFFICE
ion the
n Com-
te acts.
persons Offices
nce, or
lent of,
h may
cer,
the
e bonds
ed with
equired eference
r of his
clause
with or unds of
: or on
t is not
ruction ing the may be
1 he be
Substi-
ven by
Reference :-
COPYRIGHT PHOTOGRAPH-NOT TO
C.O +885
ALLY WITHOUT PERMISSION OF THE BE REPRODUCED PHOTOGRAPHIC-
17 PUBLIC RECORD OFFICE, LONDON