1890_HONGKONG_AND_SHANGHAE_BANK_ORDINANCE — Page 2

$90

Short title.

Interpreta tion of terms.

Grant of incorporation.

ORDINANCE No. 5 OF 1866.

Hongkong and Shanghae Bank.

1

a capital of five millions of dollars divided into forty thousand shares of one hundred and twenty-five dollars each shall be raised in the first instance with power to increase such capital to the extent and in manner hereinafter mentioned: And whereas the said several persons have for some time been carrying on the business of bankers as an unregistered and unincorporated company: And whereas for the better accomplishing and carrying into effect the objects and purposes of the said company they have applied to His Excellency the Governor of Hongkong to grant to them and all other the subscribers of such capital an Ordinance of Incorporation, which His said Excellency the Governor has consented and agreed to do, under and subject to the conditions, restrictions, and provisions hereinafter contained: Be it therefore enacted by His said Excellency the Governor of Hongkong, with the advice of the Legislative Council thereof, as follows:-

1. This Ordinance may be cited for all purposes as "The Hongkong and Shanghae Bank Ordinance."

2. In the interpretation of this Ordinance, the expression "The Governor" shall mean His Excellency the Governor of the Colony of Hongkong, or the Officer for the time being Administering the Government of the said Colony; and the expression "The Company" shall mean "The Hongkong and Shanghae Banking Corporation;" and the expression "the Colony" shall mean the Colony of Hongkong and its dependencies.

3. The Honorable John Dent, the Honorable Thomas Sutherland, Albert Farley Heard, Esquire, George Francis Maclean, Esquire, Douglas Lapraik, Esquire, Woldemar Nissen, Esquire, Arthur Sassoon, Esquire, George John Helland, Esquire, Palanjee Framjee, Esquire, Henry William Wood, Esquire, and Caleb Tangier Smith, Esquire, together with such and so many other persons and bodies politic and corporate as now are, or shall hereafter become, proprietors of any share or shares of or in the capital, for the time being, of the company hereby established, shall be one body politic and corporate, in name and in deed, by the name of "The Hongkong and Shanghae Banking Corporation," and by that name shall and may sue and be sued, in all Courts, whether of Law or of Equity, and shall have perpetual succession with a common seal, which may be by them varied and changed at their pleasure.