IMAGE EVALUATION TEST TARGET (MT-3) 1.0 I.I Ui 12.8 -.m* 2.5 2.2 1^ 1.8 1.25 i 1.4 IM IIIIIJi& Iv V <^ c?m/'.<'1> ^J* Photographic Sciences Corporation 23 WEST MAIN STREET WEBSTER, N.Y. 14580 (716) 872-4503 A. CIHM/ICMH Microfiche Series. CIHM/ICIVIH Collection de microfiches. Canadian Institute for Historical Microreproductions / Institut Canadian de microreproductions historiques Technical and Bibliographic Notes/Notes tachniquas at bibliographiquas Tha Instituta has attamptad to obtain tha bast original copy availabia for filming. Faaturas of this copy which may ba bibliographically uniqua. which may altar any of tha imagas in tha raproduction, or which may significantly change tha usual method of filming, are checked below. L'Institut a microfilm* la maillaur axemplaire qu'il lui a iti possible da sa procurer. Las details de cet axemplaire qui sont peut-Atre uniques du point de vue bibliographique, qui peuvant modifier una image reproduite, ou qui peuvent exiger una modification dans la mithoda normala da filmaga sont indiquAs ci-dassous. □ Coloured covers/ Couverture de couleur □ Covers damaged/ Couverture endommagia □ Covers restored and/or laminated/ Couverture restaurie et/ou pelliculAe □ Cover title missing/ Le titre de couverture manque □ Coloured maps/ Cartas g^ographiquas an couleur D D a n Coloured ink (i.e. other than blue or black)/ Encre de couleur (i.e. autre que bleue ou noire) Coloured plates and/or illustrations/ Planches et/ou illustrations on couleur Bound with other material/ Relii avec d'autres documents Tight binding may causa shadows or distortion along interior margin/ La re liura serrie peut causer de I'ombre ou de la distorsion le long de la marge int6rieure Blank leaves added during restoration may appear within the text. Whenever possible, these have been omitted from filming/ II se peut que certaines pages blanches ajout^es lors d'une restauration apparaissent dans le texte, mais, lorsque cela Atait possible, ces pages n'ont pas it6 filmias. D D n D D n n Coloured pages/ Pages de couleur Pages damaged/ Pages endommagdas Pages restored and/or laminated/ Pages restaurdas et/ou pelliculdes Pages disccioured, stained or foxed/ Pages dicolories, tachaties ou piqu^es Pages detached/ Pages ditachdes Showthrough/ Transparence I I Quality of print varies/ Qualiti inigala de I'impression Includes supplementary mrterial/ Comprend du material supplimantaire Only edition available/ Seule Edition disponible Pages wholly or partially obscured by errata slips, tissues, etc., have been ref timed to ensure the best possible image/ Les pages totalement ou partiellement obscurcies par un feuillet d'errata, une pelure, etc., ont iti filmdes d nouveau de facon d obtenir la meilleure image possible. Additional comments:/ Commentaires supplAmantaires: This copy is a photoreproduction. This item is filmed at the reduction ratio checked below/ Ce document est film* au taux de reduction indiquA ci-dessous. 10X 14X 18X 22X 26X 30X y 12X 16X 20X 24X 28X 32X The copy filmed here has been reproduced thanks to the generosity of: L'exemplaire filmA fut reproduit grAce A la g^nirositA de: University da iMontrtei Univoraitt de Montrtai The images appearing here are the best quality possible considering the condition and legibility of the original copy and in keeping with the filming contract specifications. Original copies In printed paper covers ere filmed beginning with the front cover and ending on the last page with a printed or illustrated impres- sion, or the back cover when appropriate. All other original copies are filmed beginning on the first page with a printed or illustrated Impres- sion, and ending on the last page with a printed or illustrated impression. Les images suivantes ont MA reproduites avec ie plus grand soin, compte tenu de la condition et de la nettetA de Texemplaire fiimA, et en conformity avec les conditions du contrat de fiimage. Les exempialres originaux dont la couverture en papier est imprimAe sont fiimAs en commenpant par Ie premier plat et en terminant soit par ia dernlAre page qui comporte une empreinte d'impression ou d'lilustration, soit par Ie second plat, seion Ie cas. Tous les autres exempialres originaux sont fllmte en commenpant par la premlAre page qui comporte une empreinte d'impression ou d'lilustration et en terminant par ia dernlAre page qui comporte une telle empreinte. The last recorded frame on each microfiche shall contain the symbol ^^ (meaning "CON- TINUED"), or the symbol V (meaning "END"), whichever applies. Un des symboles suivants apparaTtra sur ia dernlAre image de cheque microfiche, soion Ie cas: ie symbole — ► signlfie "A SUIVRE", ie symbols y signlfie "FIN". Maps, plates, charts, etc., may be filmed at different reduction ratios. Those too large to be entirely included in one exposure are filmed beginning in the upper left hand corner, left to right and top to bottom, as many frames as required. The following diagrams illustrate the method: Les cartes, planches, tableaux, etc., peuvent 6tre fiimfo d des taux de reduction diffArents. Lorsque ie document est trop grand pour Atre reproduit en un seul clichA, il est fllmA A partir de i'angie supArleur gauche, de gauche A droite, et de haut en bas, en prenant Ie nombre d'images nAcessaire. Les diagrammes suivants iilustrent ia mAthode. 1 2 3 1 2 3 4 5 6 '.lu'.-'f : m University de Montreal BIBLIOTHEQUE UNIVERSITE D£ MONTREAL Sllection Me Victor Morm BIBLIOTHEQUE t -•>t f.A.- t,j^.: .-. -iw .•tw.,... : :^^, 7;; ■ '■■■*■ '"'■■■ % 1 T ■■.'M •:r :..' i;^ • I/.'! '.'s 1 ^1 .■j» r"i.i.-.t:wn»T|r BY-LAWS .'^^i.. FOB TBI MANAGEMENT OF THE AFFAIRS ' ' ii. I ■•1 a 4^ m V 'J:% or THB BANK OE MONTREAL. Made and Enacted by the Directors, and Confirmed hy the Share- holders, at their Annual General Meeting, 2nd June, 1866. PBIHTED BT JOH» LOVBLL, AT HIS 8TBAM-PBINTI»a B8TABUBHMKHT, ST. VIOBOLAS BTBBBT. 1866. I ; J . I I BY-LAWS. I. — For the transaction of business, the Bank shall be opened and kept open, daily, during such hours as the Directors shall from time to time appoint; except on Sunday, New Year's Day, Good Friday, Christmas Day, Iler Majesty's Birlliday, and every day appointed by Proclamation for a General Fast or Thanksgiving. When New Year's Day shall fall on a Sunday, the next following day shall be held as a holiday, so far as the same may be legally practicable. 11. — The Common Seal shall remain in the Bank, under the control of the President or, in his absence, of the Vice-President, or in their absence, of such Director as the Board of Directors shrill for the time being appoint ; and the affixing of the Seal to any instrument shall bo preceded by an authorization to that effect of the Board, recorded in the minutes of their proceedings, and shall be accompanied by the official signature of the President or Vice-President, or by the Director so appointed iu their absonce, III. — Minutes shall be regularly kept of nil the procefidings of tho Board of Directors ; ami these shall be signcil by tlic Prositlciit, Vicc-Presiileiit, or Chainnaii presiilirig, for the time being. IV. — In case of the insolvency of a Director, such Director shall cease to be a Member of the Board. v.— If ever the Paid-up Capit;il of the Bank shall become sunk to the extent of a fourth thereof, a special general meeting of the Shareholders shall bo immediately called by the Directors, to decide on tho measures proper to bo adopted in the emergency ; but if, in such emergency, tho Directors shall not call a special general meeting of tho Shareholders, their default shall, ipso facto, operate as and be a full and explicit renunciation of all restriction, and moans of restriction, of liability in their favour, contained in the Act of Incorporation, and they shall thereupon become and be personally, and jointly and severally, liable to the full extent of tho liabilities of the Bank, as well to the Creditors as to the Shareholders thereof, provided always that no Director protesting against the proceedings of the Board, after a loss of the fourth of tho Capital shall have been sustained, and giving publicity to the said Protest, by Public Advertisement in tho Oflicial Gazette, shall be held to incur any responsibility beyond the limitations of the Charter. This By-law shall be audibly read by the Cashier to the Board of Directors at their first meeting after each annual general meet- ing of the Shareholders, and immediately after tho election of President and Vice-President; and the reading thereof shall be recorded in the minutes of the proceedings of the day. Vl.-^In each year, any sum, not exceeding Three Thoi^sand pounds currency, may bo taken by the Board of Directors from the funds of the Bank, as a remuneration for the services of tho President and Directors in attending to tho affairs thereof; and the President and Directors may annually apportion tho same among themselves, in such manner or according to such rulo as they in each year shall think fit. VII. — No proxy of an absent Shareholder shall be entitled to vote at any meeting of the Shareholders, in respect of his Con- gtituenUa «bares, until lie shall have lodged at tho Bank a written ftutlioiity from his Constituent, duly executed and authenticated, . in tlio following foi'm, or to tliu following ctlbut or substunco: " Bo it known to all nion, that A. IJ., of , , is hereby constituted and a]»|)ointcd the lawful Attorney of the undersignedt 0. I)., of , , for him, and in his name, to vote at all meetings of the Shareholders of the Bank of Montreal, for what- ever purpose such inoetings shall be held. Witness the Hand and Seal of the said Constituent, at the day of , A. D. une thousand eight hundred and . Signed and Scaled in the Presence of {Two Witnesses.) VIII. — Tn relation to the ordinary transfer of shares by Attorney, and the payment of Dividends and Bonuses, every such Attorney, before being permitted to act as such, shall lodge at the Bank a Power of Attorney from his Constituent, duly executed and authen- ticated, in the following form, or to the following eflect or sub- stance : " Be it known to all men, that A. B., of , , is hereby constituted and appointed the lawful Attorney of the undersigned, C. I)., of , , for him, and in his name, to accept Transfers of Shares of the Capital Stock of the Bank of Montreal, — to receive, and grant Receipts for Dividends, and Bonusus accrued and to accrue on or in respect of any such shares, — to sell and transfer all or any such shares, and receive and grant receipts for the consideration money, — and to vote, in respect of such shares, at all meetings of the Shareholders of the Bank, for what- ever purpose such meetings shall be held ; the undersigned hereby confirming all and whatsoever shall, in virtue hr icof, be lawfully done by his said Attorney. Witness the Ilanu ;uul Seal of the said Constituent, at the day of , A. D. one thou- sand eight hundred and . Signed and Sealed in the Presence of (Two Witnesses.) IX. — The Days of Discount shall be Tuesday and Friday of each week, or such other days as the Directors may from time to time appoint ; but when either of those days shall be a holiday, the next following day, not a holiday, ehall be substituted therefor. 6 X. — No Director shall be present at tlie Bonrd of Directors at the diacussioD of any matter in which he, or the partnership of which he may be a member, shall bo pecuniarily interested, except at the request of the Board ; nor shall his vole be taken thereon. XI. — Every partnership transacting business with the Bank, shall make known to the Bank, in writing, the names at full length, and the residence, of the several parties composing the partnership even when the partnership name shall continue unchanged. XII.— The Bank will receive for collection, Notes and Bills, not having less than five days to run ; but with a distinct understand- ing that the party having tho same for collection does so wholly at his own ri?k, and that tho Bank will bo responsible only for jiinies actually received in payment, or on account of the same, and not for any omission, infurmality, or mistake whatever. Every Noto or Bill so left for collection shall bo endorsed by tho party leaving the same, and shall be accompanied by a written memorandum of the name in full, the profession or calling, and the residence, place of business or address of each of the parties thereto. XIII. — From time to time, and not less seldom than twice in every year, a Committee of not fewer than three of the Directors shall closely inspect the vaults and other apartments of the Bunk, — take an account of the Bank Bills and Notes, Government and other Securities, and money and bullion on hand ; and the Report of the Committee making the inspection shall be recorded in the Books of the Bank, and signed by each of them. XIV. — ^The President or, in his absence, the Vice-President, and the Cashier, shall from lime to time examine the several Security Bonds given by the persons in the employ of the Bank ; and whenever, in their opinion, it shall seem needful, they shall require the same, or any one or more of them, to be renewed. The President shall retain in his possession the Bond or Bonds given by the Cashier. XV. The Cashier shall cause the several persons under him^ in the employ of the Bank, to attend to and execute their respective duties, in conformity to such rules and regulations as the Directors may from time to time prescribe. ■' \ XVI. — Every pouon in the employ of the Bank, but intending to leave the same, shall give the Bank three munths' notice in writing of his intention ; und it shall bo competent to the Direc- tors to put an end to the engagoinont of any person in the employ of the Bank, either by giving him three months notice in writing to that etfoct, or by paying him a sunt of money equal to three months salary, in lieu of such notice. In case of miscond.uct, however, on the part of any person in the employ of the fiank, the Directors may summarily disuiiss the person guilty of such mis- conduct, without any previous notice ; and, in such case, the salary of the person dismissed shall only be paid up to the time of his dismissal, unless he be also a defaulter, or be otherwise indebted to the Bank, in which case any balance due to him for salary or otherwise siiall bo placed to the credit of his debt. XVII. — No person in the employ of the Bank shall be allowed to enter into any trade, mercantile or other businoss>, agency or office whatsoever, cither in his own or another name ; nor shall be become a party to any negotiable paper, or give or enter into any personal security whatever, other than his security to tho - Bank ; unless the recorded consent of the Board of Directors shall have been lirst obtained. XVIII. — Every Director, and every person in the employ of or connected with the Bank, shall consider himself bound to secrecy as to everything that takes pluce at the Bank ; and shall on no pretence whatever, unless authorized by the Board of Directors, give any inl'ormatiou relative to auy account or transaction at or iu the books of the Bank. XIX. — No person in the employ of the Bank shall, either directly or indirectly, take or receive any perquisite, reward, fee or emolu- ment, other than his salary and any such further remuneration aa the Board of Ditvtlors may authorize. XX. — The books and accounts of the Bank shall be regularly balanced upon the last lawful days of April and October in each year, or half-yearly, upon such other days as the Directors may from time to time appoint. The books for the transfer of shaves shall be closed during the fifteen days immediately precediug the day appointed for the pay* ment of a DividoDd ; and the parties whoee names shull stand in the transt'ur-book, at the closing thereof, as the SliurelioKlers of the Bank, shall he the parties entitled to receive tlio Dividend and Bonus then or about to bo declared. XXI. — The foregoing shall be the Bylaws of the Bank, in lieu of those hitherto in furce, which are hereby repealed ; provided always that nothing done under or in virtue of any one or more of the By-luws now repealed shall bo in any wise affected by their rei ■A ■ Ail, > i Ce volume dolt etre rendu it la dernldre date indiqu6e ci-dessous. This book must be returned to the last date indicated below.