CO129-340 - Governor Nathan Acting Governor May - 1907 [4-6] — Page 50

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j.D. 1907 rdinance

10.

007.

of

A BILL ENTITLED

C.O.

16561

47

Prep Rect 10 MAY 07:

An Ordinance to authorise the Hongkong and Shanghai

Banking Corporation from time to time to increase the

Capital of the said Corporation from the sum of ten

millions of Dollars to a sum not exceeding the sum of

twenty millions of Dollars; and to continue incorporated

for a further term of 21 years; and to continue in

force for a further period of 21 years the Provisions

of Section 3 of the Hongkong and Shanghai Banking

Corporation Ordinance 1899 with regard to the Excess

Issue of Bills and Notes payable to bearer on demand.

WHEREAS by section 22 of the Hongkong and Shanghai Banking

Corporation Ordinance 1866 (hereinafter called The Principal

Ordinance) it was enacted that it should be lawful for the

Hongkong and Shanghai Banking Corporation (therein and herein-

after called the Company) from time to time to extend or

increase its Capital for the time being by the creation and

sale of new shares, in the manner therein provided, and so

as the total amount of the capital of the Company should not

exceed the sum of ten millions of Dollars AND WHEREAS it is

expedient to authorise the Company from time to time to extend

or increase its capital for the time being by the creation

and sale of new shares so as the same is made with the consent

of a General (Extraordinary) Meeting of the shareholders of the Company to be specially called for that purpose and with

the consent previously obtained of the Governor, and under

Buch such conditions and provisions as he may think fit,

consent being evidenced by a notification or proclamation to

that effect under the hand of the Governor and published in

the Gazette, and so as the total amount of the capital of the Company shall not exceed the sum of twenty millions of

-1-

Dollars