99
any city, town or Company at and from any "place, in which they may have established "any bank or branch or establishment, under "or by virtue of these presents, to make issue and circulate notes payable to bearer on demand, and to reissue the same
My Lords would understand this provision to mean that the notes are only to be reissued at the place from which they are first issued; and They would certainly advise that if the Secretary of State adopts their suggested clauses, the right of reissue should be so limited.
For this purpose, it might suffice if the clause which They submitted in their letter of the 19th August ran thus:-
It shall be lawful for the Company to make, issue, and circulate notes or bills payable to bearer on demand in coin legally current, and to reissue the same; provided always that such notes shall bear date at the place of issue, that if reissued they shall bear date at the place from which they were originally issued; and that they shall be made payable to...
99
ny bity, town or
Company at and from any
"place, in which they may
have established
"any bank or branch or extablishment, under
"or by virtue thes presents, to make issue
and circulate notes payable to bearer on
demand, and to reissue the same
me"
Myfords
would understand this
provision to mean that the notes are
only
to be reissued at the place from which
the y
arc
first world; and They
would
certainly advise that if the Secretary of
Fate adopts their suggested clauses, the
right of re
we should be so limited.
For this purpose, it might suffice if the
clause which They outmitted in
letter of the 19th August ran thus;-
GN
Their
me
It shall be lawful for the fompany
to make, issue, and circulate notes or bills
cain
payable to bearer on demand in coin
·legally current, and to rewave the same;
provided always that such notes shall
bear date at the place of issue, that if
rewould they shall bear date at the
were originally!
place from which they
ismed; and that they shall be made
ar
payable to.
For
No comments yet.
Private notes are available after approval.