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Tous les autres exemplaires originaux sont filmAs en commengant par la premiere page qui comporte une empreinte d'impressicn ou d'illustration et en terminant par la darniftre page qui comporte une telle empreinte. Un des symboles suivants apparaitra sur la dernidre image de cheque microfiche, selon le cas: le symbole — ► signifie "A SUIVRE ", le symbole V signifie "FIN". Les cartes, planches, tableaux, etc., peuvent dtre film^s d des taux de r6duction diff6rents. Lorsque le document est trop grand pour dtre reproduit en un seul cliche, il est filmd & partir de I'angle sup6rieur gauche, de gauche d droite. et de haut en bas, en prenant le nombre d'images n6cessaire. Les diagrammes suivants illustrent la m^thode. 1 2 3 4 5 6 ii^iUfliw^ -.^■: ;■--,- J a{>:no septimo VICTORIJi: REGIIS^ CAP. LXVI. An Act to incorporate certain persons carrying- on the business of Banking in the City of Montreal, under the name of " La Banque du Peuple. " 9th December, 1843.— Presented for Her Majesty's Assent, and reserved " for the signification of Her Majesty's pleasure thereon." 23d May, 1S44. — Assented by Her Majesty, in Privy Council. 27lhJune, 1844. — The Royal Aseent signified by the Proclamation of His Excellency Sir Charles Theophilus Metcalfe, Governor General. WHEREAS Louis Michel Viger, Jacob DeWitt, John Preamble. Donegani, Pierre Beaub. Auguatin Tulloch, Hosea Ballon Smith, Ronuald Trudeau, Pierre Jodoin, all of Mont- real, in the District of Montreal, Esquires, — Alexis Sauva- geau, of Laprairie, in the District of Montreal, Esquire, — Thimothe Franchere, of St. Mathias, in the District of Mont- real, Esquire, — Joseph F'rederick AUard, of Chambly, in the District of Montreal, Esquire, and Alexis Edouard Mont- marquet, of Carilion, in the District of Montreal, Esquire, by their humble petition in this Sehalf, have represented that they have for many years carried on the Business of Banking at the City of Montreal, under the name or firm of Viger, DeWitt and Company, under and by virtue of certain ar- ticles of copartnership entered into between them : And where- as the establishment of their said Bank, conducted accord- ing to the principles of their said copartnership, has been at- tended with the most beneficial results to Trade and Agricul- ture : And whereas it is expedient for the better effecting the 1 Cap. G6. Banqiic du Pcuplc— Incorporation. 7 Vict. Hiiii(]iie (lu Veuple." Corporate powers. nnrpofcs of Ihcir said, copnrtiirr^liip, tlinl llio saitl above named p(>rs(.ns slioiikl he incoiporated and empowered 1o earry on llic ^■M liusines- of Hanking, under reguh.iions and provisions as nearly corresponding (as may Le) with the terms of their said eopurtnership : Be it th.-refore enacted hs tlie Queen's Most Fxc-Uenl IMaiesly, by and with the advice and consent ol the Legislative Council and of die Legislative Assembly ol the Province of Canada, constituted and assembhd hy vuMne of •Hid under the authority of an Act of the Parliament of Great P.ritain and Ir.dand, intituled, At, Ad to reunite the Provinces of I'lprr and Lower Canada, and for the. goirrnment of Ca- c..,.i„ por- nada, and it is hereby enacted by the authority of the smne, M,n. Mu-orpo- u.at the said Louis Michel Vigcr, Jacob DeH itt, .John Done- [K::;l'^f'''la ganl. Plerre Beaubien, Aug.istin TuUuch, llosea Ballon SuuI^In ■ • Uomuald Trudeau, Pierre Jodoin, Alexis Sauvageau, , ^Mmothe Franchere, Joseph Frederick Allard, and Al'.'xis Edouard Monlmaniuet, and their successors to be named as heremalter provided, shall be and they are hereby constituted a Body Cor- porate and Politic, in fact and in name, by and under the name of " La Baiupie du Peuple," and as su(;h shall, during the con- tinuance of this Act, have succes:.ion and a Common Seal, with power to break, renew, change and alter the same atp ea- sure and shall be capable of suing and being sued,, and ol pleading and being impleaded in all Courts of Law and Equity in all manner of actions, causes and matters whatsoever ; and for the carrying out of the provisions of this Act, prior to the election of the 'President and Vice-President as hereafter pro- vided, it shall be lawful, for the purposes of recovenng sub- scriptions and elVecting transfers as hereinafter V^i:^^.^^^ 1^'^' they the aforesaid Louis Michel Viger, Jacob DeVVitt John Donesani, Pierre Beaubien, Augustin TuUoch, Ilosea Ballou Smith, Romuald Trudeau, Pierre Jo'doin, Alexis Sauvageau, Thimorhe Franchere, Jos.ph Frederick Allard and Alexis Edouard Montmarquet, or any three of them, sha 1 be Com- missioners; and for the convenient management ol their busi- ness, but for no other purpose, shall and may purchase, acquire and hold rear or immoveable estates and property, not exceed- in- the yearly value of two thousand pounds, current money ol thfs Province, and may sell, aUenate and dispose of the same, and purchase, acquire and hold others in their stead, no ex- ceeding in die whole the yearly value atoresaid, and shall be capable of receiving partners in- conmcndam {commauduatrcs,} as hereinafter provided. 1843. II. And be corporated a sole manager un by the sai and severally by the said C' dit(iires) in tl circumstance regards any . liable to pay lie shall subs II I en da in {cottt and lost in tl from any oth liable for tha ration as to t [coininandita Corporation received of s the said Cor to be a Mem any debt cor ;o cciised to inafter requ that no pers said Corpor; execniors, a^ have ceased dually liable during the Member oft brought for cially decla) time at wliii ceased to be HL And said Corpori Corporation that efi'ect, said Corpor gulations at gulations ai n. 7 Vict. 1843. Banqiie du Peuple — Incorporation. Cap. C6. lid above named 1 1o carry on llie id provisions as ins ol" their said e QiieoMi's Most :\ c'Oii! jointly by the said Corj)oration, and no partners in commcndam {rominnn- h'','i,|*,' |**bi't ^ ilildircs) in the said Corporation shall in any case, or under any iiiinn.Ms in ' , , ■ \' r\ ■ ruiiimiiiiliim, cireumsUmces, either as regards the said Ct)rporatioii, or as „i,ly m iho roirards any Member thereof, or any other ])arty or parties, be """•i"i' "f liable to pay imysuin beyond the amount of the Slock for which lie shall subscribe ; and if the sum which any partner /// coin- mvndam {comiiuu/ditu/re) has agreed to furnish as Stock bejjaid and lost in the business of the said Bank, he shall be exonerated from any other payment, and if any part be unpaid, he shall be liable for that amount and no more, as well to the said Corpo- ration as to the creditors tlurreof ; and no partncir in cuminendam [coiamanditai re) s-jhall bo liable to be called upon by the said Corporation or its creditors to refund any dividend he may have received of any net profits fairly ma/" during the solvency of the said Corporation : Provided also, that any person ceasing Proviso, to be a Member of the said Corporation shall not be liable for any debt contracted by the said Corporation, after he shall have ;o ceased to be a Member of the same, if tlic public notice here- inafter required in that behalf be given : Provided further. Proviso, that no person who shall have ceased to be a I^Iember of the said Corporation shall be individually liable, nor shall the heirs, executors, administrators or. assigns of any person who shall have ceased to be a Member of the said Corporation, be indivi- dually liable for the debts contracted by the said Corporation during the time that any such person shall have been a Member of the said Corporation, unless the action or suit to be t.imltafion of brought for the purpose of having sucii individual liability judi- a<'t">ns. cially declared, be in!?tituted within twelve months from the time at which such person shall, from any cause whatever, have ceased to be a Member of the said Corporation. HI. And be it enacted, that all the affairs and business of the Howthebusi- said Corporation shall be managed by the Members of the said "•'^s shall be ^ . , r 1 . 1 . , conducted. Corporation, or by so many ol them as may be authorized to that eflect, by a majority of the whole of the Members of the said Corporation, and subject to and in conformity with the re- gulations and by-laws of the said Corporation, and the said re- gulations and by-laws to be made as hereinafter provided. ', ■ • 6 Cap. 66. Banque du Peiiple — Incorpo radon. 7 V ICT. , ,•„ IV. And he it enactfd, that it shall and may bo lawful for Corporation ' •' may make by- the Corporation hereby constituted from time to time to make *' and enact by-laws, rules and regulations (the same not beinf( repugnant to this Act or to the laws of this Province) for the proper management of the affairs of the said Corporation, and Iroui time to time to alter or repeal the same, and others to make and enact in their cload. „ ., . , V. And be it enacted, that the said Members of thi said Cor- Presmeiit nncl , , . t n ■ i Vi(e-l'nsi(lent poration, and their successors, shall elect, so soon as the pro- amTtheTr'tilnB '^■i*'"" of this Act relating to the subscription of the Stock ol serwee. of the sai('. Bank shall liave been complied with, aF;' '^'t and Vice-President, who sliall hold t' )ir appointment imti'l th'i first Monday of May following, and shall annually elect thereafter, from out of their number, on the first Monday of the month of May, a President and Vice-President, who shat' hold their ap- j)ointment for the ensuing tw-elve months ; and in the case of a vacancy in tlie ollice of President or Vice-President, the Mem])ers of the said Corporation for the time being (and their successors) shall lill the same byele^-ung, from and out of their own number, a President or Vice-President to fill the ollice so vacant ; and the President or Vice-President so ciiosen or elec'!e«l shall continue in office until the first Monday of May next following the election of such President or Vice-President. Mode of vo- VI. And be it enacted, that at all meetings of the Members till!? at meet- of the said Corporation, each Member of the said Corporation inars ot iho . ,, , . , , , . , • »i t» • Corporation, shall have a right to vote ; and at the said meetings, the t'resi- dcnt, or in his ab-ieice, the Vice-President, or in their absence, one of the Members present, to be chosen pro tempore, shall preside ; and the Presiden;, Viee-Prosiderit, or Member acting as President pro tempore^ shall not vote except in the case of an equal division of the votes of the other Members present, in which case he shall have a casting vote. VII. And be it enacted, that the Capital Stock of the said Amount of ' , . , ,. n i ci t c Capital Stock. Corporation hereby constittited, mcluding as well the atock ol the said Members of the said Corporation, as the Stock of the said partners in commendam {Commandttaires) shall be the sum of two hundred thousand pounds, currency, divided into sixteen thousand shares of twelve pounds ten shilling::, currency , each, and books of subscription for the Capital Stock, by this A ^t authorized to be subscribed, shall be opened by such per- sons, at such times and places, as to the said Members of the 1843. said Corpor Provided al whether as in commem holder of St tofore carri firm of Vig« tiie last mei the present all intents r as part of tl by th' ent u .v) i he would h in Gold or to be kept f Act, and si his, her or be acceptet Corporatioi suid Banki by leaving house of thi Company, necessary i tioned bool general pa nership of effect, or ii Viger, DeA otherwise, tion of the transfer mi annexed tc VIII. A] Corporatio at least for holder of 1 continues i may be li foreigners. Stock a» tl afion. 7 Vict. nay bo liiwlnl for le to time to mako lie same not beinf( < I'rovinci') for tlu^ [ Corpora'. ion, and .me, and others to ers of tho said Cor- 10 soon as the pro- ition of th'' Stock ith,ar;' /^'tand iiient until tliL first Uy elect thereafter, ly of tlie month of sha)' hold their ap- ind in tlie case of ^'ice-Pre.sidcnt, the lie being (and their om and out of their to fill tlie office HO dent SO chosen or !t Monday of May Lor Vice-President. gs of the Members said Corporation leetings, the Presi- or in their absence, pro tempore, shall , or Member acting cepl in the case of [embers present, in Stock of the said i well the Stock of as the Stock of the ires) shall be the ency, divided into shilling::, currency , (ital Stock, by this )cned by such per- lid Members of the 1843. Banqvc dn Peuplc — Incorporation. Cap. 6G. said Corporation or to the majority of them shall seem meet : Provided always, that it shall be lawful for any person, w!io, Tranifer of whether as a principal |)arlner, {assori6 gvrunt) or as a parliier ^|",','co[,nrN'^' in comnietidam icommnnditaire) is now or hi'reafter n.ay be a n^•r^^li|l to the holder of Stock m the said Hanking Copartnership now or liere- tofore carried on at Montreal aforesaid, under the name and firm of Viger, l)e Witt and Company, to transfer his Stock in llie last mentioned copartnership lo the Coriuiration created by the present Act ; and such Stock, when so transfern'd, shall to all intents and purposes whatever be regarded and considered aspart of the paid up Caj)ital Stock of the IJank incorporated l)y th' ' ; and tiie person so transferring the same shall be (Mit a ,v) all the same rights, privileges and immuni'.ie.s that he would have been entitled to had he paid u]) the said shares in Gold or Silver ; and such transfer may be made in a book Mode of ef- to be kept for 'hit purpose by the Corporatitn created by ^'"'^^ ['"ansje/"*^'' Act, and shall be signed by the party making such transfer, or his, her or their duly authorized attorney or attorneys, and shall be accepted by the President, Vice-President or Cashier of the Corporation created by this Act. and :e Corpo- 9t least forty shares of the said Capital Stock, and shall be a at least forty holder of the said Capital Stock to that extent so long as he shares. continues a Member of the said Corporation ; and it shall and may be lawful for any persons, Her Majesty's subjects or foreigners, to subscribe for so many shares of the said Capital Stock as they may think fit ; and that the shares respectively g„i,gcriution8 Iti. Proviso. Proviso. g Cap. GG. Bonque du Pciiple—Incorporulion. 1 \kt. howtoberaid ftubsoribcd for shall be payabli; in r(iiial iiistaliucntH, that is to nay, ten per ct ntuin on the amount ol' Slock subsciilnd by any party, shall be dcpositrd at the time of suhseril)inijf with the agent a|)pointed to open the books of such Hank, or in sonu! Chartered Bank within the Province, to be called lor by the said Members of th of at least three-fourths of the Members present at a meeting of tlie Mem- bers of the said Corporation, called specially for that purpose ; Provided the person proposed to be expelled be notified to ap- pear at least fifteen days previous to the said meeting. XII. And be it enacted, that in case of the death, retirement or expulsion of any one or more of the Members of the said Corporation, the remaining Members of the said Corporation may fdl the vacancy or vacancies so caused, by admitting a new Member into the said Corporation in the place and stead of each of the said Members who may have so died, retired or been expelled : Provided always, that no such new Member shall be so admitted into the said Corporation unless the con- sent of the remaining Members of the said Corporation be tes- tified by a vote of at least three-fourths of the said remaining Members of the said Corporation, at a meeting to be called specially for that purpose. XIII. And be it enacted, that when any person, being a Member of the said Corporation, shall, from any cause whatever, cease to be a Member of the said Corporation, the Stock be- longing to such former Member of the said Corporation shall, during the continuance of this Act, continue to form a part of the Capital Stock of the said Corporation ; and such retired or expelled Member, and the legal representative or representatives of a deceased Member shall be in all respects subject to all the liabilities, and enjoy all the rights, imnmnities and advan- tat^es of a partner i« comtnendam {comvianditaire) of the said Corporation, to the extent of the Stock so belonging to him. XIV. And be it enacted, that the shares of the Capital Stock of the said Corporation shall be held and adjudged to be per- 1843. sonril Estate, signabic !in(l Sehcdide H. shall be vali the books so nor until the vioiisly diseh or them, an( owing to til amount tho r or persons ; ; vilege on the Member llien fat're) for the by any such commviiddDi ( fractional pai shall be assis shares of the Writ of Exec: been execntei with the Cas Writ with the tifying to \\\u not until after the said .share may be inten charged as fi Cashier of the share or shar being duly a valid and (^i\\'\ original holdt usage to the o each Member in his own nai said Capital S make a person that is to say, XV. And be ration shall be Stock, whethe 7 Vict. be rrdiiroil to shall not be it shall be the oration, wlmt- , to uul to the uinber required ho now is, or ution, shall be is expu^^n be ot(! ol' at least ig of the Mem- r that purpose ; notified to ap- ieting. !Uth, retirement 'rs of the said id Corporation by admitting a laee and stead lied, retired or I new Member unless the con- loration be tes- said remaining g to be called lerson, being a jause whatever, , the Stock be- rporation shall, I form a part of such retired or r representatives a subject to all ities and advan- ire) of the said ging to him. le Capital Stock idged to be per- 11 r I 1843. Bnnqtte du Pcupfe—fnrorporation. Cap. 60. I Ponal Estate, and be transmissable accordingly, and shall be as- trammimble I signabic and .nuisfcrable at the Hank, accordingto the form of "'■''^ofdinBly. I Sehcdidt! H. annexed to this Act ; i)ut no assignment or transfer shall be valid and elleciual unless it be made and registered in the books so to be kept by the said Corporation for that purpose, nor until the person or persons making the same shall pre- viously discharge all ^ . . , „ • • i j how and when meeting of all the Stockholders ot the said Corporation, includ- midstSonts ing as well the Members of the said Corporation as each of the to be exhil>i- said partners in commendam {commandituires)^ shall be held at the office of Montreal of the said Corporation, of which general meeting one month's notice shall be given in two or more of the newspapers jmblished in the said City of Montreal, in the English and French languages ; and at the said meeting a full and clear statement of ^he affairs of the said Corporation shall be submitted, containing on the one part the amount of ti-d at such iTjeetings. 1843. Capital Stoc culation, tin Banks and dislinguishii interest, and Gold and Si buildings, a lances due t* the amount < cularising th counted \ot thus exhibit due by the I sources then rate and ami of profits res( the amount ( an estimate the non-payr XIX. And 80 to take p partners in co then present, persons to be said Board o the said Coi papers and -^ papers and \ Audit as pro and it shall b Report therec ration, to be and each par vote and no i appointment of Audit, the sent, having ration, shall any absent their, his or Board of Aud com,mendam (( I. 7 Vict. bresaid, in pro- r or partner in he duty of the ids on the first , of so much of hall appear ad- it such place or id of which they isly : Provided anner, lessen or n. of account shall s so to be kept the declamtion assets and lia- iher with an in- jclonging to the )oks of account tioii to keep, as hicli it shall be mi-annually, as li, and generally rporation, shall, bruary and Au- period, be open J be elected as papers siiall not, d Bank. [onday of March, 1 Act, a general poration, includ- Dn as each of the shall be held at of which general I two or more of Montreal, in the said meeting a said Corporation rt the amount of 1843. Banque du Peitph — Incorporation. Cap. 6G. 13 Capital Stock paid in, the amount of Notes of the Bank in cir- culation, the net profits in hand, the balances duo to other Banks and Institutions, and the cash deposited 'n the Bank, distinguishing Deposits bearing interest from tl (• not bearing interest, and on the other part the amount of current Coins an'' Gold and Silver Bullion in the vaults of the Bank, the value of buildings, and other real estate belonging to the Bank, the ba- lances due to th*; Bank from other Banks and Institutions, and the amount of debts G\"in- to the Bank, including and parti- cularising the amounts so owing on Bills of Exchange, Dis- counted \otes. Mortgages and Hypothecs, atid other Securities ; thus exhibiting, on the one hand, the liabilities of, or debts due by the Bank, and on the other hand, the assets and res- sources thereof ; and the said statement shall also exhibit the rate and amount of the then last dividend declared, the amount of profits reserved at the time of declaring such dividend, and the amount of debts to the Bank over-due and not paid, with an estimate of the loss which may probably be incurred from the non-payment of such debts. XIX. And be it enacteo, that at the annual general meeting so to take place en the first Monday \ • r.i • 1 r. 1 r ■ , o members to be Signature ol the Cashier oi the said Bank, for a period of one given. month ill two or more of the public newsjiapers published at the City of Montreal aforesaid, in the English and French lan- guages, of all changes in the Members composing the said Cor- poration, whether occasioned by the death, retirement or ex- j ilsion of any Member, or by the addition of any Member or Members to the number of the Members of the said Corpo- ration. XXII. And be it enacted, that the said Corporation, or a ma- jority of the Members thereof, or a majority of the Members au- thorized, according to the provisions of this Act, to manage the affairs of the said Corporation, shall have power to appoint such Cashier, Officers, Clerks and Servants under them as shall be necessary for conducting the business of the said ("orporation, and to allow reasonable compensation for their services respec- tively : Provided always, that before permitting any Cashier, Officer, Clerk or Servant of the Corporation to enter upon the duties ol his Office, the said Corporation shall require every such Cashier, Officer, Clerk or Servant to give Bond to the sa- tisfaction of the said Corporation, that is to say : every Cashier, in a sum not less than Four Thousand Pounds, Current money of Canada, — and every other OlRcer, Clerk or Servant, in such sum of money as the said Corporation consider adequate to the trust reposed, with conditions lor good and faithful behaviour ; and the compensation so to be allowed to the said Cashier, Officers, Clerks or Servants, as also house rent and all ex- jjcnses incidental to or consequent upon the business of the said Corporation, shall be deducted each half year from the profits oi the said Corporation before the declaration of the semi-an- nual dividend ; and if, in the opinion of the majority of the Mem.bers of the said Corporation, it shall be necessary to re- Cashier aiiH olher olficers how to be ap- pointed. Proviso : Officers to give security. Members of the Corpora- '^ «l 16 Cap. 66. Banque du Peuple — Incorporation. 7 Vict. 1843. Ba tion giving quire any one or more of the Members of the said Corporation more ihaii nr- to devote a "rcater portion of his or their time to the business (linary alien- ^, . °.. '.. „ . , , ,, tioii to its liH- and anairs ol tlie said Corporation than can be reasonably re- Biness may be qyjj-p^^ from such Member Or Members without compensation, it shall be lawful for the said Corporation to compensate such Member or Members for his or their services, by a fixed salary or otherwise, as to the said Corporation or to a majority ol tlie Members thereof may seem expedient. In what the XXWI. And be il enacted, that tlie said Corporation hereby faid Corpora- constituted shall not eitheir directly or indirectly hold any lands tiou may ileul. i i ■ /> ,. or tenements (save and except such as by the iirst section of this Act they are specially authorized to acquire and hold) or any ships or other vessels, or any share or shares of the Capital Stock of the said ('orporation, nor shall the said Corporation, either directly or indirectly lend money or make advances upon the security, mortgage or hypothecation {liypoUieque) of any lands or tenements, or of any ships or other vessels, nor upon the security or piidge of any share or shares of the Capital Stock of the Corporation, or of any goods, wares or merchan- dize, or deal in the buying, selling or bartering of goods, wares or merchandize, or engage or be engaged in any trade whatsoever except as Dealers in Gold and Silver Bullion, Bills of Exchange, Discounting of Promissory Notes and Ne- gotiable Security, a'nd in such trade generally as legitimately Proviso. appertains to the Business of Banking : Provided always, that the said Corporation may take and hold mortgages and hypo- ihcques on real estate and property in this Province by way of additional security for debts contracted to the Corporation in the course ot their dealings. Obligations and noics ol the Corpora- XXIV. And be it enacted, that the Bonds, Obligations, and Bills Obligatory and of Credit of the said Corporation under the tionrhowtobe Common Seal, and signed by the President or Vice-President, transfi-rable. ^^^ countersigned by a Cashier thereof, which shall be made payable to any person or persons, shall be assignable by in- dorsement thereon under the hand or hands < h person or persons, and of his, her or their assignee or assignees, and so as absolutely to transfer and vest the property thereof in the se- veral assignees successively, and to enable such assignee or assignees to bring and maintain an action or actions thereupon in his, her or their own name or names ; and signification of any such assignment by indorsement shall not be necessary, any law or usage to the contrary notwithstanding ; and Bills or Notes of the President, and the payment of order, or to the ration, shall be like manner an be upon any pr them, in his, he be assignable o so issued by su XXV. And t for the said Cor ceeding the leg; deposited in tht tlie said Corpori Negotiable Seci at the time of 1 law or usage to XXVI. And or Bills of the si pound, current have been issue any one time, c the Corporation under the nomii in circulation b the Legislature re«issued by the ment upon the f XXVH. And that aii election tion required to take effect on th shall not be dee shall be lawful at a general me( be duly called f( XXVUl. And Corporation hen as a Private Bai 3 m L 7 Vict. d Corporation D the business rciisonably re- comppnsation, npcnsale such a fixed salary majority ol tlie oration hereby hokl any lands irst section of ! and hold) or of the Capital 1 Corporation, advances upon (/icqu(') of any sels, nor upon }f tlie Capital !s or merchan- ring of goods, :1 in any trade lilver Bullion, fotes and Ne- as legitimately 1 always, that ges and hypo- ice by way of Corporation in jligations, and ation under the Ik'" ice-President, shall be made ignable by in- h person or «ignecs, and so ereof in the se- ch assignee or tions thereupon ngnification of be necessary, ing ; and Bills 1843. Banqtie du Peuple — Incorporation. Cap. 66. 17 or Notes of the Corporation, signed by the President or Vice- Notes payable President, and countersigned by a Cashier thereof, promising *"* bearer, the payment of money to any person or persons, his, her or their order, or to the bearer, though not under the Seal of the Corpo- ration, shall be biuding and obligatory upon the same in the like manner and with the like force and elfect as they would be upon any private jiersoii or persons if issued by him, her or them, in his, her or their private or natural capacities, and shall be assignable or negotiable in the like manner as if they were so issued by such private person or perso»"3. XXV. And be it enacted, that it shall and may be lawful Corporation for the said Corporation to allow and pay interest (but not ex- «>ayetain dis- !• .III. e ■ • I ri ■ . count at the cecdmg the legal rale ot interest in this Province) upon moneys time of dis- deposited in the Bank ; and also it shall and may be lawful for «°"n'"'g- tiie said Corporation, in discounting Promissory Notes or other Negotiable Securities, to receive or retain the Discount thereon at the time of the discounting or negotiating the same ; any law or usage to the contrary notwithstanding. XXVI. And be it enacted, that the total amount of the Notes t , i IT II e 1 • I /-< 1 • p 1 lotai amount or Uills ol the said Corporation being for a less sum than one "f notes of the pound, current money of Canada, each, that shall be or may S'lessli have been issued and put in circulation, shall not exceed, at ^^ ^^'^^t ••- any one time, one fifth of the amount of the Capital Stock of ""**''" the Corporation then paid in : Provided always, that no Notes, Proviso, under the nominal value of five shillings, shall be issued or put in circulation by the Corporation, nor shall any limitation by the Legislature of the total amount of Notes to be issued, or re«issued by the said Corporation, be held to be an infringe- ment upon the privilege hereby granted. XXVII. And be it enacted, that if at anytime it shall happen ^ that aii election of any Officer or Officers of the said Corpora- not'to'beTs- tion required to be elected by this Act, shall not be made or ^'''^f*^ V '**'" take effect on the day fixed by this Act, the said Corporation shall not be deei^ed or taken to be thereby dissolved, but it shall be lawful ..t any subsequent time to make such election at a general meeting of the Members of the said Corporation to be duly called for that purpose. XXV^III. And be it enacted, that no Member of the said No memlier Corporation hereby constituted, shall, directly or indirectly, act of theCorpo- as a Private Banker during the time he may so be a Member rBanker**^* ^ 3 L 18 Cap. 66. Banque du Peuple— Incorporation. 7 Vin-r, Proviso. of tlie said Corporation : Piovided always, that nothing herein contained shall prevent any Member of the said Corporation from holding Stock in any other Chartered Bank. Corporation XXIX. And be it enacted, tnat it shall not be lawful for the iiottolendmo. Corporation hereby constituted, at any time whatever, directly "nroi?n"pnnce or indirectly, to advance or lend, to or for the use, or on ac- or stttte. gQ^jt ^^j- any Foreign Prince, Power or State, any sum or sum;- of money, or any securities for money; and if such unlawful advance or loan be made, then and from thenreforth the said Corporation shall be dissolved, and all the powers, authorities, rights, privileg^es and advantages hereby granted, shall cease oxd determine ; any thing in this Act to the contrary not- withstanding. Susvension of XXX. And be it enacted, that a suspension by the said Cor- payment for a poration of payment on demand in Specie, of the Notes or Bills foHpTilir^ '" of the said Corporation payable on demand, shall, if the time charter. ^|. gugpgnsion extend to sixty days, consecutively or at in- tervals, within any twelve consecutive months, operate as and be a forfeiture of this Act of Incorporation, and all and every the privileges hereby granted. XXXI. And be it enacted, that the total amount of the debt^ which the said Corporation shall at any time owe, whether by Bond, Bill, Note or otherwise, shall not exceed three-times the aggregate amount of the Capital Stock paid in and the Deposits made in the Bank in Specie and Government securities for money ; and at no one period, after the passing of this Act, shall the Notes or Bills payable on demand and to bearer exceed the amount of the actually paid up Capital Stock of the said Corporation, and in case of excess the said Corporation shall forfeit this Act of Incorporation and all the privileges hereby granted. Officers of the XXXII. And be it enacted, that if any Officer, Cashier, Ma- Bank embez- nager, Clerk or Servant of the Corporation hereby constituted, 1843. Ba Total amount of liabilities limited. SreZsTed shall secrete, embezzle or abscond with any Bond, Obligation, to them to be gj^ Obligatory or of Credit, or other Bill or Note, or with ar^y gmtyo eo- ^^^^^^^^, ^^^ ^^^^^^ ^^ moneys, or effects entrusted to him as such Officer, Cashier, Manager, Clerk or Servant, whether the same belong to the said Corporati :>n, or, belonging to any other person or persons, Body or Bodies Politic or Corporate, or Ins- titution or Institutions, be lodged and deposited with the said I Corporation, thi oiTonding, and shall be deemei XXXIII. An shall forgo or C( hereby constiti Bond,Ob]igr!ti<) Note of the said thereon, with a iiny j)erson or p Institution or Ir offer to pass ar tion, Bill Oblig the said Corpor or shall demaii same to be forj for every such Law, shall be c XXXI V^. Am form, make or i other tool, instr for stamping, fc Exchange, Proi chemical proce: or security for i Oflicers or pers* the said Corpor shall have in hi ill any part, or i trument or mate with the inient permit the same any such false i Notes, Undcrta be deemed and such plate, papi terial, as afores by, or was in t purpose, shall 1 XXXV. And felony under th n. 7 Vin-r. 1843. Banque du Peuple — Incorporation. Cap. 66. 19 nothing heroin id Corporation ! lawful for the atover, directly use, or on ac- ny sum ov sumf- such unlawful eforth the said ers, authorities, id, shall cease 3 contrary not- )y the said Cor- c Notes or Bills ill, if the time vely or at in- operate as and all and every unt of the debt^ ve, whether by three-times the nd the Deposits t securities for ng of this Act, lo bearer exceed ock of the said jrporation shall ivileges hereby r, Cashier, Ma- sby constituted, )nd, Obligation, )te, or with a^iy sted to him as int, whether the ing to any other orporate, or Ins- d with the said XXXIII shall fo Corporation, the Ofiiccr, Cashier, Manager, Clerk or Servant so oironoing, and being thereof convicted in due form of Law, shall be deemed guilty of felony. nil. And be it enacted, that if any person or persons p^gong f„rg. )rgo or counterfeit the Common Seal of the Corjjoration ingnotes,&c., hereby constituted, or sliall forge or counterfeit, or alter any to be guilty' of Bond, Obi igritio.<, Hill Obligatory or of Credit, or any other Rill or felony* Note of the said Corporation, or any indorsement or indorsements thereon, with an intention to defraud the said Corporation, or iiny j)erson or persons, Body or Bodies Politic or Corporate, or Institution or Institutions whomsoever and whatsoever, or shall offer to pass any forged, counterfeit or altered Bond, Obliga- tion, Bill Obligatory or of Credit, or any other Bill or Note of the said Corporation, or indorsement or indorsements thereon, or shall demand the money therein mentioned, knowing the same to be forged, counterfeit or altered, every such person, for every such otl'ense, upon conviction thereof in due form of Law, shall be deemed and adjudged to be guilty of felony. XXXIV. And be it enacted, that if any person shall engrave, p<,„o„s j,av- form, make or mend any plate or plates, paper, rolling press or ing in tlieir other tool, instrument or material devised, adapted or designed stnira^nts for for stamping, forging or making any false or counterfeir Bill of forging, &c, to Exchange, Promissory Note, Undertaking or Ordor, or use any felolly. ^ ** chemical process for the purpose of altering any bill or paper or security for money, of the said Corporation, or of any of the Oflicers or persons engaged in the management of the aflairs of the said Corporation, in the name or on the behalf thereof, or shall have in his possession any such plate or plates, engraven in any part, or any such paper, rolling press or other tool, ins- trument or material, devised, adapted or designed as aforesaid, with the inient to use and employ the same, or to cause or permit the same to be used and employed in forging and making any such false and counterfeit Bills of Exchange, Promissory Notes, Undertakings or Orders, every person so offending shall be deemed and taken to be guilty of felony, and the proof ttiat such plate, paper, rolling press or other tool, instrument or ma- terial, as aforesaid, was formed, made, engraved or mended by, or was in the possession of such person for some lawful purpose, shall lie upon him or her. XXXV. And be it enacted, that every person convicted of p„nishment of felony under this Act, shall be punisded by imprisonment at such felony. 20 Cap. 66. Banqiie du Pciipte—Incorporalion. 1 Vict. hard labour in the Provincial Penitentiary for any term not le' •. than 8even years, or by iinprisonnumt in any other (Jaol or place of rjonfinement for any term not exceeding two year.j. Power to XXXVl. And be it enacted, that it shall and may be lawful search for to and for any one Justice of tiie Peace, on complaint made be- !;cSr"n,uu- fore him, upon oath of one credible person, that then is Just .iionis for cause to suspect that one or more person or persons is or are, lorg.ng. or hath or have been concerned in making, or in altering, or counterfeiting any such lalse Bills of Exchange, Promissory Notes, Undertakings or Orders, as aforesaid, by warrant under the hand of such Justice, to cause the dwelling-house, room, work-shop, outhouse, or other building, yard, gardii.j or otiiev place belonging to such susjKCted person or persoi,s, or where any such person or persons shall be suspected of carrying on any such making or counterfeiting, to be searched ; and if any such false Bills of Exchange, Promissory Notes, Undertakings or Orders, or any such plates, rolling presses, or other tools, instruments or materials, shall be found in the custody or pos- session of any person or persons whomsoever not having the same by some lawful authority, it shall and may be lawful to and for any person or persons whomsoever discovering the same, to seize, and he and they are hereby authorized and re- quired to seize such false or counterfeit Bills of Exchange, Pro- missory Notes, Undertakings or Orders, and such plates, rolling presses or other tools, instruments or materials, and to carry the same, forthwith, before a Justice of the Peace of the County or District (or, if more convenient, of the adjoining County or Djs- T. trict), in which the same shall be seized, who shall cause the i!?Lcredand sar • to be secured and produced in (evidence against any per- destroyed. gon or persons who shall or may be prosecuted for any of the offences aforesaid, in some Court of Justice, proper for the determination thereof, and the same, after being so produced in evidence, shall, by order of the Court, be defaced or des- troyed, or otherwise disposed of as such Court shall direct. A certain statement of the affairs of the Corpora- tion to be pre- pared and laid before the Go- vernor. XXXVII. And be it enacted, that besides the detailed state- ment of the affairs of the said Corporation hereinbefore required to be laid before the Shareholders thereof at their annual general meeting, the Corporation shall make up and publish on the first Monday of March and September in every year, statements of the assets and liabilities of the Corp-ation, in the form of the Schedule C. hereunto annexed, shewing, under raliofi. 1 Vict. 1843. Banque du Peu/Ac — Incorporation. Cap. 66. 81 For any Icrm not Ic •* y^ other (luol orpluce two ycur.j. and may bo lawful complaint innde bn- n, that tlii-rr is just ir ptrsons is or arc, tr, or in altering, or change, Promissory cl, by warrant under ^'elling-liouse, room, ard, garde'i or otiiev or persoi)S, or where »ected of carrying on ;earched ; and if any Notes, Undertaliings ef<(*es, or other tools, ti the custody or pos- oever not having the ind may be lawful to ever discovering the y authorized and ro- lls of Exchange, Pro- id such plates, rolling rials, and to carry the eace of the County or )ining County or Dis- , who sball cause the ence against any per- meated for any of the itice, proper for the tcr being so produced t, be defaced or des- ?,ourt shall direct. ies the detailed state- hereinbefore required ireof at their annual make up and publish ember in every year, of the Corporation, in lexed, shewing, under the heads specified in the said form, the average of flic amount of the Notes of the Corporation in i-irculation, and t)tlu'r liabili- ties, at the terniiii-iJon of each month during the period to which the statement shall refer, and the average aniount of Specie and other assets thai, at the siune times, wert; available to meet the same : and it shall also be the duty of the Corpora- tion to submit to tiie Governor, Ijieutenant-Governor, or person administering the Government of this Province, a copy of each of such half yearly statements ; and, if by tiim rc(iuired, to verify all or any part of tlu; said statements, the said Corpora- tion shall verify the same by the production of the balance- sheets, from which the said statements shall have been com- piled : and furthermore, the Corporation s'lall from tinu; to time, when reciuired, furnish to the said Governor, Lieutenant- Governor, or person administering the Government of tljis Province, such further information respecting the state and proceedings of the Corporation, and of llie several Branches and Offices of Discoimt and Deposit thereof, as such Governor, Lieutenant-Governor, or person administering the Governiiient of this Province may reasonably sec fit to call for : Provided pjoviso. always, that the balance-sheets and the further information that shall be so produced and given, shall be held by the said Governor, Lieutenant-Governor, or person administering the Government of this Province, ^s being produced and given in strict confidence that he shall not divulge any part of the con- vent;? ui the said balance-sheets or of the information that shall , be so givL ^ • and provided also, that the Corporation shall not. Proviso, nor shall any thing herein contai' eS 0) .a PS pi J3 u ■A O B O 8 ■ O •5 00 »•«. o m a 2 rt o UiJOQhCQIz; VI An Act to J du Pciiplc WIIERE^ provldt Province, iii 1 Queen Victori persons carriji Montreal, una President and alone authori; notes issued to renjedy the Most Excel ler of the Legisla the Province t of and under 1 of the United tituled, An Ai Canada, and) enacted by tht passing of thi said Corporati Cashier or Ofl Corporation, ( sign, and any 7 Vict. oref^oinff Act. < H s "H ^H - • " , a ■ .CO ■ 4) :j3 • 0) • a ITS. P3 .5 2 »)• em n ,-5 5d O £ D,3 w g-3.^ < e (U o H £^-«^ 2 o to a "1 5 o P S S =" rt.o JOOhmZ ANNO DKCIMO ET UNDECIMO VICTOIlIyK IIKGIN^ C A P. L X I I . An Act to Jimend the Act iticorporatlng Ln Banque ilu Pciipfc. [iSthJuhj, 1847.] WHEREAS great inconvenience lias arisen from its being provided by the Act passed by the Legishuure of this Province, in the seventh year of the Reign of Iler Majesty Queen Victoria, and intituled, An Act to incorporate certain persons carrijing on the Business of Bankinp;' in the City of Montreal, nnder the name of La Raiup/r dii Ptuple, That the President and Vice-President of the said Corporation shall be alone authorized to sign, and the Cashier to countersign the notes issued by the said Corporation, and it is expedient to renjedy the same : Be it therefore enacted by the Queen's Most Excellent Majesty, by and with the advice and consent, of the Legislative Council, and of the Legislative Assembly of the Province of Canada, constituted and assembled by virtue of and under the authority of an Act passed in the Parliament of the United Kingdom of Great Britain and Ireland, and in- tituled. An Act to re-unite the Provinces of Upper and Lower Canada, and for the Government of Canada, and it is hereby enacted by the authority of the same. That from and after the passing of this Act, it shall be lawful for the Members of the said Corporation to authorize or depute from time to time any Cashier or Officer of the Corporation, or any Member of the Corporation, other than the President and Vice-President to sign, and any Book-keeper or Assistant Book-keeper, or any 4 Preamblff. Act7V.c.66, cited. Certain bills nr notes of La Banque du Peuple, may be signed and countersigned 26 by such offi- cers or per- sons as the Corporation shall appoint. Cap. 62. Banqve du Peuple—Amendt. 10-11 Vict. 1847. other Officer of the said Corporation, to countersign all notes or bills of the said Corporation, payable to order or to bearer ; and all such bills or notes signed and countersigned by any ot the said persons so authorized, shall have the same effect, and ^hall be assignable or negotiable in the same manner as if signed by the President or Vice-President, and countersigned by the Cashier of the said Corporation, in the manner provided in and by the twenty-fourti. section of the Act aforesaid ; and the signing of the same shall be primd facie evidence that the persons so signijig were legally authorized so to do. .-»!!■ .^I. E^ VI( An Act to du Peuph WHERE mitted to grant its { Most Excelle of the Legish the Province of and under of the United tuled. An Ac\ nada, and fi enacted by tl I. It shall 1 present Capil currency, div ten shillings for either in numbers, an lations as \\\e du Peuple si paid in by St the Memberi share shall 1 -11 Vict. 1847. jrsign all notes ler or to bearer ; ligned by any of lame effect, and e manner as if d countersigned nanner provided ; aforesaid ; and ridence that the to do. ANNO DECIMO-OCTAVO VICTOEIiE EEGINJl. CAP. XLIII An Act to increase the Capital Stock of La Banque du Petiple, and for other purposes. [Assented to \Sth December^ 1854.] WHEREAS La Banque du Peuple has prayed to be per- Preamble, mitted to increase its Capital Stock, and it is expedient to grant its prayer : Be it therefore enacted by the Queen's Most Excellent Majesty, by and with the advice and consent of the Legislative Council and of the Legislative Assembly of the Province of Canada, constituted and assembled by virtue of and under the authority of an Act passed in the Parliamerit of the United Kingdom of Great Britain and Ireland, and inti- tuled. An Act to re-unitc the Provinces of Upper and Lower Ca- nada^ and for the Government of Canada^ and it is hereby enacted by the authority of the same, as follows : \. It shall be lawful for La Banque du Peuple to add to its Bank may add present Capital Stock, the sum of two hundred thousand pounds ftSf"" '°'" currency, divided into sixteen thousand shares of twelve pounds ten shillings currency each : which shares may be subscribed for either in or out of this Province, in such proportions or numbers, and at such limes and places, and under such regu- lations as the Members of the Corporation of the said La Banque du Peuple shall deem meet ; the shares subscribed for shall be paid in by such instalments and at such times and places, as the Members of the said Corporation shall appoint ; but no share shall be held to be lawfully subscribed for, unlesb ten 4 • 28 Cap. 43. Barupie du Peuple. 18 Vict. 7V. c, cited. 66, 1 1 V. c. 6: cited. Proviso. Books of snb- 6cri|)'ioii need not be opened nt same time lor all the Shares. Increase of Capital may be restricted by By-law. Bank may re- quire proof of chaiige of ownership ot Stock other- wise than by express trans- fer. per centum thereof, at the least, be paid at the time of subscrib- ing ; and the provisions of the ninth Section of the Charter or Act of Incorporation of the said Banii passed in the seventh year of Her Majesty's Reif,ni, and intituled, An Ad to inror- porate cerluin persons carding on the business of Bnnldug in the Citii of Montreal, nntler the name of La Banque du Peuple, shall be applicable to all cases in which instalments on siiares subscribed for under this Acl shall be unpaid ; and all other the provisions of the said Act of Incorporation and of a certain other Act passed in the eleventh year of Her Majesty's Heign, intituled, An Act to amend the Act incorporalin,s; La Baiuiue du Peuple, shall likewise be applicable to the sixteen thousand shares hereby authorized to be added to the said Capital Stock ; Provided always, that the said sixteen thousand shanks be sub- scribed for and wholly paid up within live years from and after the passing of this Act. II. Provided always, that the said Bank shall not be com- pelled to open books of subscription for the whole number of shares authorized by this Act, at one and the same time, but it shall and may b i lawful for the Members of the Corporation of the said La Banque du peuple, and they are hereby authorized, from time to time to limit the number of shares for which the books of subscription shall !)e opened as aforesaid at any one time, as they in their discretion may deem most advisable. III. Provided also that the Members of the said Corporation may at any time by a By-law made for that pur|)ose, either be- fore or after the opening of the books of subscription for the said augmentation of Capital or any portion thereof, restrict the said augmentation of Capital to any amount they may judge more advantageous to the said La Banque du Peuple. IV. If the interest in any share in the said Bank become " transmitted in consequence of the death or bankruptcy or in- solvency of any shareholder, or in consequence of the marriage of a female shareholder, or by any other lawful means than by a transfer according to the provisions of the Act of Incorporation of the said Bank, the Members of the said Corporation may re- quire such transmission to be authenticated by a declaration in writing as hereinafter mentioned, or in such other mnnner as the Members of the said Corporation shall require ; and every such declaration or other instrument so signed, made and acknowledged, shall be left at the Bank with the Cashier or 1854. other Officer or the name of th( Register of Sh have been so virtue of any si share of the pr( shares as the h declaration ant of this Act is r< or shares of t country than i North Amerien Ireland, shall I Vice-Consul oi Government it made, or shall Vice-Consul oi also, that nothi the Directors, ( from recjuiring leged in any si V. If the tra of the marriage contain a copy culars of the ci of the wife wil transmission h instrument or 1 documents wh Justice such tn be produced a of the Bank, \ titled under su VI. Whence Capital Stock mitted by the ( ever the ownei share or share! by transfer ac( tion of the sai( aid Corporat -^V^»^5-^:V.v;<.-■W4■:- c. 18 Vict. 1854. Banque dti Peuple. Cap. 43. 29 ne of fsubscrib- :he Cliartor or in tlie seventh I Act to iiiror- )/ Bnnlaiig in |ue du PiMiplc, enls on sliiires ami nil other nd of a certain ijesty's "Reign, La Han(|iie du ;teen thousand Capital Stock ; shares be sub- yrears from and ill not be com- lolo number of me time, but it I Corporation of •by authorized, s for which the said at any one t advisable. aid Corporation pose, either be- tion lor the said restrict the said [lay judge more 1 Bank become nkruptcy or in- of the marriage 1 means than by of Incorporation wration may re- a declaration in other mnnner as aire ; and every ;ned, made and the Cashier or other Officer or Agent of the Bank, who shall thereupon enter the name of the party entitled under such transmission, in the Register of Shareholders ; and until such transmission shall have been so authenticated, no party or person claiminL^ by virtue of any such transmission, shall be entitled to receive any share of the profits o( the Bank in respect of any sucli share or shares as tin; holder thereof ; Provided always, that every such Proviso, declaration and instrument as by this and the following section of this Act is required to perfect the transmission of any share or shares of the Bank, and as shall be made in any other country than in this or some other of the British Colonies in North America or in the United Kingdom ol (ireat Britain and Ireland, shall be further authenticated by the British Consul or Vice-Consul or other the accredited representative of the British Government in the Country where the declaration shall be made, or shall be made directly b(>fore such British Consul or Vice-Consul or other accredited representative ; And provided Proviso, also, that nothing in this A(!t contained shall be held to debar the Directors, Cashier, or other Otficer or Agent of the Bank, from recjuiring corroborating evidence of any fact or facts al- leged in any such declaration. V. If the transmission ol any share of the Bank, bo by virtue of the marriage of a female shareholder, the declaration shall contain a copy of the register of such marriage or other parti- culars of the celebration thereof, and shall declare the identity of the wife with the holder of such share or shares, and if the transmisfcion have taken place by virtue of any testamentary instrument or by intestacy, true copies duly certified of all the documents which would be necessary to establish in a Court of Justice such transmission, shall, together with such declaration, be produced and left with the Cashier or other Ollicer or Agent of the Bank, who shall then enter the name of the party en- titled under such transmission, in the Register of Shareholders. VI. Whenever the interest in any share or shares of the Capital Stock of the said La Banque du Pe/ip/e shall be trans- mitted by the death of any Shareholder or otherwise, or when- ever the ownership of, or legal right of possession in any such share or shares, sliall change by any lawful means, other than by transfer according to the provisions of the Act of Incorpora- tion of the said Bank and of this Act, and the Members of the said Corporation shall entertain reasonable doubts as to the If the change ol' owner hip he hy n)ar- riaije of le- iiiale Shar«- holdc or by will, &c. Casp where the Uank shall have reason- able douhtd as to the owner- ship of Shares, provided for. Cap. 43. Banque du People. 18 Vict. legality of any claim to and upon such sliare or shares of Stock, then aiid in such ca^e it shall be lawful for the said La Banque du Peiiple to make and file, in the Superior Court for Lower Canada, a declaration or petition in writing, addressed to the Justices of the said Court, setting forth the facts and the num- bers of shares previously belonging to the party in whose name such share or shares stand in the Books of the Bank, and praying for an order or judgment adjudicating and awarding the said share or shares to the party or parties legally entitled to the same, by which order or judgment the Bank shall be guided and held fully harmless and indemnified and released I'rom all or every other claim for the said share or shares, or Provi«o. arising therefrom ; Provided always, that notice of such petition shall be given to the party claiming such share or shares, who shall, upon the filing of such petition, establish his right to the shares referred to in such petition, and the delays to plead and all other proceedings in such cases shall be the same as those observed in interventions in cases pending before the said Su- I'roviso. perior Court ; Provided also, that the costs and expenses of procuring such order and adjudication, shall be paid by this party or parties to whom the said share or shares shall be de- clared lawfully to belonsr, and such share or shares shall not be transferred until such cosu and expenses be paid, saving the recourse of such party against any party contesting his right. Rank not VII. The Bank shall not be bound to see to the execution bound i» see ^^ ^^y trust, whether express, implied or constructive, to which whTchVl^ares any of the shares of the Bank may be subject, and the receipt may be sub- ^^ ^j^^ ^,^^^^ -^^ whose name any such share or shares shall ^"""^ stand in the Books of the Bank, or if they stand in the names of more parties than one, the joint receipt of such parlies shall from lime to time be a sullicient discharge to the Bank for any dividend or other sum of money payable in respect of such share or shares, notwithstanding any trust to which such share or shares may then be subject, and whether or not the Bank have had notice of such trust, and the Bank shall not be bound to see to the application of the money paid upon such receipt ; any law or usage to the contrary notwithstanding. Onetenihof VIII. It shall be the duty of the Directors of the said Bank paid up Capital ^^ i„vest, as speedily, as the debentures hereinafter mentioned in iWndal can be procured from the Receiver General, and to keep in- securities. 1854. vested at all tii within the sam one tenth part and to make a bentures, verifi and Chief Casl General, in th( nalty of the for of such invest said Bank shal pital in debent it shall avail i Stock pursuant power hereby < and determine, under its Corp^ within one yea: itself of the po^ to what amoun IX. This Ac and any Act ai until the first d Lord one thoui time till the en this Province, tained to the < vided always, 1 shall not take ] tion to add its thereof, in th( section. X. The state the first above Corporation, s every month, ii said Act. XJ. This Ac .,M-]i^iX.-¥im/i/^i^Sii^i^r^'.t^^m>ii^&^fi''^^^^--^ 18 Vict. 1854. Banqite du Peuple. Cap. 43. 31 lares of Stock, lid La Banqiie urt for Lower dressed to the and the num- n whose name lie Bank, and md awurdinjT .'gully entitled Bank simll be 1 and released or shares, or )fsuch petition :ir shares, who his rii^ht to the s to plead and same as those 3 the said Su- d expenses of e paid by the !S shall be de- lares shall not B paid, saving contesting his the execution letive, to which md the receipt or shares shall in the names of h parties shall B Bank for any respect of such liich such share • not the Bank dl not be bound 1 such receipt ; the said Bank ifter mentioned md to keep in- vested at all times, in the debentures of this Province payable within the same, or of the Consolidated Municipal Loan Fund, one tenth part of the whole paid up Capital of the said Bank, and to make a Return of the numbers and amount of such de- bentures, verified by the oaths and signatures of the President and Chief Cashier or Manager of the said Bank, to the Inspector General, in the month of January of each year, und^r the pe- nalty of the forfeiture of the Charter of tiie said Bank in default of such investment and Return ; Provided always, that the Proviso, said Bank shall not be bound to invest any portion ol its Ca- pital in debentures under the provisions of this section, unless it shall avail itself of tiie power to add to its present Capital Stock pursuant to this Act ; And provided also, that the said Proviso, power hereby conferred to add to its Capital Stocl% shall cease and determine, unless the said Bank slmll by an instrument under its Corporate Seal, signify to the Governor in Council within one year after the passing of this Act, its intention to avail itself of the power to add to its Capital Stock as aforesaid, and to what amount. IX. This Act, and the Act of Incorporation of the said Bank Duration of and any Act amending the same, shall be and remain in force |,'jhgr'^^chs"re- until the first day of January whicli will be in the year of Our latlng to the Lord one thousand eight hundred and seventy, and from that ^*"''" time till the end of the then next Session of the Parliament of this Province, any thing in the said Act of Incorporation con- tained to the contrary notwithstanding, and no longer ; Pro- proviso, vided always, that the extension of time in this clause enacted, shall not take place unless the said Bank shall signify it-, inten- tion to add its Capital Stock within one year after the passing thereof, in the manner provided under he next preceding .section. X. The statement required by the thirty-seventh section of Monthly the first above cited Act to be made semi-annually by the said statement re- o • lilt 1 i/-»»ir.i 1 quired in place Corporation, shall be made on the first Monday of each and of half-yearly, every month, in the manner provided by the said section of the said Act. XJ. This Act shall be deemed a Public Act. Public Act. VK An Act to Peuple. Capital Stoi the said Bai sent Capital was contini: one thousan have arisen Bank could Ision of the ( said Act, -w Stockholdei neral meeti and held at March, of tl were specis iprovisions c relating to of the dural is therefore avail itself Majesty, bi ICouncil an ANNO DECIMO-NONO ET VICESIMO VICTORIiE REGINiE. CAP. XXVII. .An Act to amend the Acts relating to La Banque du JPcwdIc ^ ' [Assented to 16th May, 1866.] WHEREAS by an Act passed in the eighteenth year of PrawnMe. Her Majesty's Reign, intituled, An Act to increase the n V. c. 43. Capital Stock of La Banque du Peuple and for other purposes^ the said Bank was authorized to add a certain sum to its pre- sent Capital Stock, and the Act incorporating the said Bank was continued on certain conditions to the first day of January one thousand eight hundred and seventy ; And whereas doubts have arisen whether the members of the Corporation of the said Bank could legally accept the conditions attached to the exten- sion of the duration of its Charter by the eighth section of the |said Act, without having previously obtained the consent of the Stockholders Commanditaires ; And whereas at the annual ge- neral meeting of the said Stockholders called by public notice, land held at their Banking House on Monday the third day of [March, of the present year, the members of the said Corporation were specially authorized to accept and carry into effect the provisions of the above mentioned Act, and particularly those relating to the augmentation ol the Capital and the extension of the duration of the Act incorporating the said Bank, and it is therefore expedient to allow further time for the Bank to avail itself of the provisions of the said Act: Therefore, Her Majesty, by and with the advice and consent of the Legislative Council and Assembly of Canada, enacts as follows : 5 Bunk note! may be ■igned by one officer, sod be valid. $4 Cap. 27. Bangue du Peuple—Amendt. 19-20 Vicr. 185G. I. It is and shall be lawful for the members of the Corpora- tion of the said Bank to authorize one of the Directorc or offi cers of the said Bank to sign alone^ all notea issued or to be is- sued by the said Bank ; and all notes so signed shall be as va- lid as if they had been signed and countersigned by two officers of the said Bankt Period allow- II. The period of one year mentioned in the eighth and ninth 43,^M'tioM a' sections of the Act passed in the now last session of the Pro- & 9 extended, vincial Parliament, and intituled, An Act to increase the Capi- tal Stock of La Banque du PeupJe and for other purposes^ shall be extended and prolonged and be deemed not to have expired until six months from and after the passing of this Act ; until and within which period of six months the members of the Corporation of La Banque du Peuple may and they are hereby authorized to exercise all the powers in the said two sections mentioned, on the conditions and on compliance with the for- malities thereby prescribed, as fully as the said La Banqtie du Peuple could have done before the day in the said Act limited and expressed. Per centai;e HI, In discounting promissory notes, bills or other negotia- maj be charg- ^^o Securities or paper payable within this Province, at a place ed in addition different from that at which they are discounted, the Bank may toducountin , . ■,■,.. , ■,. , i i. i certain cases, also ui addition to the discount make a charge not exceeding one half per centuir. on the amount of every such note, bill or other negotiable se purity or paper, to defray the expenses of agency and exchan j;e attending the collection of every such [ note, bill or other security or paper. Public Act !Y. This Act shall be deemed a Public Act. TORONTO reprinted by S. Dkbbishiiu] & 6. DESBABATSfj Lv» Printer to the Queen's Moat Excellent Majesty. ^i, hsw Vict. 1866. if the Corpora- irectorc or offi ued or to be is- shall be as va- 1 by two officers lighth and ninth don of the Pro- icrease the Capi- r pwrpoaes, shall to have expired this Act ; until members of the they are hereby lid two sections ice with the for- d La Banque du said Act limited M other negotia- mnce, at a place id, theBankinay re not exceeding mch note, bill or I the expenses of on of every such -1^' k, 6. DESBABATSfl lent Majesty. i.