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 ^OVA SCOT/4 
 
 PROVINCE HOUSE 
 
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IIIMIJI II .1 • 
 
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 J II U MIII II I. UIUM. I " m 
 
 ACT OF INCORPORATION 
 
 t»H- THK 
 
 j^lbion Minis Saliiingg ^au.| 
 
 S^^O 
 
 l*ati.st'd 'Jdth May, 1874. 
 
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 AN ACT 
 
 UKSlMXrnNiJ TIIK 
 
 ALBION IVilNES SAVINGS BANK. 
 
 I'ASSEU aoth M.ir, J»74. 
 
 Wlioroas till) Pivsiilout iiinl Dirtn'tors of tli'i Albion Minns Savini^M 
 IJ.iiilv, iM('(>r)toiMtiMi by an Ai-t of tho Ijo;;isIiitiiro of the I'rovinco of 
 Nova Sc.otiii, f)ins(Mt ill tiie li7ti» year of hor Majosty's r(ii<j;n, chapter 
 tliirty-oni', liavo by petition ijrayed for tiio jmssin;? of nn Act to ex- 
 lend ami anieiid tlioir said Act of incorporation ; and it is expedient to 
 y:riint tlieir i)rayer ; Tliereibre Her Majesty, by and witii the Hdvi<!0 
 and consent of the iSenato and House of Coniniohs of Canada, enaeta as 
 follows:— 
 
 1. Tlie sliareholders in tlie Albion Mines Savings Bank, Incorpor- 
 ated liy the Act of tlie Jjejfislature of tlie Province of Nova Scotia, 
 passeii in the twenty-soventli year of Her Majesty's rei;fii, (diapter 
 thirty-oMO, and such other persons as sjiall become siiarehoiders in 
 the corporatioji li(!rel)v constituted, and tlieir respective iKurs, execu- 
 tors, administrators and assif^ns sliall be and tiiey are herein' contin- 
 ued and (Mftistitiilcd a body politic, and corporate by and nnder tlie 
 name, style and title of the " Albion Mines Savinj^s IJank," for the 
 jnirposc of carryinjj; on business as a Savin;2;s Bank at tlio Albion 
 AHnes, in llie County of ]*]c,tou, in the province of Nova Scotia. 
 
 'J. Nothiufj; herein contained shall be construed in any way what- 
 ev'jr toell'ect any rifjfht or lial)ility of the said Corporation under its 
 present charter of incorporationr or the rights or liabilities of the 
 shareholders of the (Corporation on their subs(!riptions for stock and 
 their payments made on aircount of the same or otherwise in respect 
 of anv eontra(!t, matter or tliinj^ atrectinj? the said Corporation, or any 
 action, suit or proceedinji; commenced on behalf of or ap;ainst the Cor- 
 poration at the time of the passing of this Act ; and all property, real 
 or personal, heretofore belonging to or vested in the said Corporation, 
 !ind all their interest in the same is hereby transferred to and shall 
 frtnn hencioforth be held by and vested in tho " Albion ftjines Savings 
 Bank " in the same manner and by the same title and with all the 
 benetits and liabilities attached to the same as existed at the time of the 
 passing of this Act : Provided that the Corporation hereby formed 
 shall be liable for all the delits and liabilities of tho said Corporation 
 under its present charter of incorporation. 
 
 3. Thecaptial stjckof tho Corporation shall bo fifty thousand dollars 
 div'dod into two thousand five hundred ahares of twenty dollars 
 each. 
 
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4. The affaira of tlie Corporntlon nIihII be adminiHt^rrd by a board 
 of seven DirectorH, who Hhall eloot from ainotiK thoir nuinbor a Presi- 
 dent; each Dlre(!tor Hhall bo the holder of at lejwt twenfy-flne 8hare.s of 
 8 ock, and Hhall not be in arrear in respectt of any oall thereon ; tho 
 Hoard of Directors Hhall be elected at each annual meeting of the Cor- 
 poration, and shall hold office until their suc(%HHorH are elected, nn«l 
 (if otherwise qualified) may always be re-elected ; and four memlwrs 
 of such Board, present in person, shali'be a quorum thereof: and in 
 case of the death, resii^nation, removal, disquulitication or absence front 
 the Provinrse for three months of any Director, suith Br-ird, if they sen 
 tit, may fill the vacancy until the next annual meeting of the naid (Cor- 
 poration, by appointing any (|aalifio(l shareholder thereto ; but a fail- 
 ure to elect l>ireclors or any failure of Directors shall not dissolve the 
 corporation, and an election may be had at any general meeting called 
 for that purpose. The first Directors of the corporation shall be George 
 fi. Carritt, Thomas DIcnkinsop, who shall 
 have power to open stock Books, receive subscriptions of stock, and to 
 (rail a first general meeting of the shareholders so soon as the captial 
 stock shall have Ijeen subscribed and per cent, paid thereon. 
 
 5. At the said first general meeting of the shareholders of the cor- 
 poration, which shall be called by advertisement Inserted in some 
 public newspaper or newspapers, the shareholders present shall prc- 
 ceed to elect seven Directiirs, having the necessary qualification, and 
 thereupon the duties of the first Directors hereinbefore appointed shall 
 cease. 
 
 (5. The shareholders of the Corporation may at any annual general 
 meeting, or at any special general meeting called for the purpose, 
 make rules and by-laws not contrary to law nor to the provisions of 
 this Act, for the regulation and management of the affairs and business 
 of the Corporation, in(;luding the mode of transferring and disposing 
 of the stocK and profits thereof, and the right of Directors and stock- 
 holders respectively to inspect the books, papers, and <Hirrespondence 
 of the Corporation, and the limitin;': of loans to or on the security of 
 Directors of the Corporation which rules and by-laws may be altered 
 and amended at any annual meeting or at any "meeting called for the 
 purpose by a two-third vote of the shareholders present. 
 
 7. An annual general meeting of the shareholders shall be hold on 
 the third Wednesday in the month of .Juno in each year f<ir the election 
 of Directors and the transaction of other business of the Corporation. 
 Special general meetings may be called by the Directors by public 
 advertisement inserted in one or more newspapers ; Provided that the 
 object for which such meeting is called shall be specified in the said ad- 
 vertisement, and that no business other than that so specified shall bo 
 transacted at such meeting. 
 
 8. The Directors shall have power to appoint such officers, clerks 
 and servants as they shall think necessary for the transaction of the 
 business of the Corporation, and to allow them reasonable compensa- 
 tion for their services, and to require and take from them such secu- 
 rity for the due and faithful performance of their duties as to the Dir- 
 ectors may seem advisable, to declare and allot dividends on the cap- 
 tial stock of the Corporation, provided no dividend be made to impair 
 the capital stock of the Bank ; to call special general meetings of the 
 shareholders in the manner hereinbefore prescribed, when they con- 
 sider it expedient so to do ; and generally to exorcise and perform all 
 power and duties which may be conferred on and assigned to them, l)y 
 the by-laws. 
 
 9. The Corporation sliall have fall power and authoritj' to hold, 
 possess and enjoy real estate for its own occupation and use, and the 
 same to sell, dispose of and convey and to acquire other in it3 stead ; 
 provided always that the value of the real estate so held by the Cor- 
 
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 poration shall not oxooo«] at iiiiy one tiino the huui of ten thousand 
 «lollar8. 
 
 ID. Each Htookholder mhall on all oc(;a»ions on which the votes of the 
 shareholderH are to be taken, have one vote for each share held by him 
 for at least throe months before the time of voting; Htoekholders 
 may vote by proxy, but no person but a stockholder shall vote or 
 art as such proxy; And no cashier, bunk clerk or other officer of the 
 bank shall vote cither in person or by proxy or hold a proxy for that 
 purpose. 
 
 11. The Directors of tlie Bank may call up the stock subscribed for 
 fir and remaining unpaid, by call liot cxceedinKy/ve per cent., and at 
 intervals of not less than three months, whenever it shall in their 
 opinion be necessary or expedient to make siich calls : Provided that 
 that the limitation ofthe amount of any call, or of the intervals at which 
 calls may be made, shall notapply to the case of dodciency ofthe funds 
 of the Bank to meet theclaimsofdepositorsandother liabilities, which 
 case is provided for in the thirteenth section. 
 
 12. The amount of every such call if not paid when due, may be re- 
 covered with interest by llio Directors in the name of the Hank, in any 
 court havinj; jurisdiction to tlie amount ; and in any action for the re- 
 covery thereof, it shall be suliicient to allege and prove that the calls 
 were made under this Act, and that tho defendant is the holder of a 
 share or shares in rcspei.a of which theamountisdue, without alleging 
 or proving any otiier matter or thing whatever, and the evidence of 
 any officer of the Dank, cognizant of any fact required to be proved, 
 shall be sufficient proof thereof. 
 
 i:i. The stockholders ofthe Dank shall, in the event of its funds in 
 money and assets immediately convertible into money becoming 
 insufficient to satisfy its debts and liabilities, be liable for the defici- 
 ency, so far as that all stockholders snail be liable to an amount equal 
 lo the amount (if any) not paid up of their shares respectively, and no 
 more ; and the Directors may and shall make calls on the unpaid-up 
 stock to the full amount not paid up, or to such less amount as they 
 may deem necessary to pay all such claims and other liabilities, with- 
 out waiting for the collection of any debts due to the Bank, or the sale 
 of any of its assets or property ; such calls shall be made at intervals 
 of thirty days, and upon notice to be given thirty days at least prior to 
 the day on which the (rail shall be payable ; any such call shall not 
 exceed twenty per cent, on each shared and payment thereof may be 
 enforced in the manner hereinbefore provided as to calls on unpaid-up 
 stock ; and the first of such calls shall be made within ten days after 
 such deficiency as aforesaid shall be ascertained, and the failure on 
 <)n the part of any stockholder liable to such call to pay the same when 
 due, shall operate a forfeiture by such stockholder of all claim in or 
 to any part of the assets of the Bank, such call and any further call 
 thereafter being nevertheless recoverable from him as if no such for- 
 leiture had been incurred. 
 
 14. Persons who. having been shareholders in the Bank, have only 
 transferred their shares or any of them to others, or registered the 
 transfer thereof, within one month before the commencement of the 
 failure of the Ban ft to meet the claims of its depositors on demand, 
 sliall be liable to calls on such shares under the next preceding section 
 as if they had not transferred them, saving their recourse against ttiose 
 to whom they were transferred ; and any Director refusing to make 
 or enforce, or to concur in making or enforcing any such call, shall be 
 deemed guilty of a misdemeanor and shall be personally responsible 
 for any damages suffered by reason of such default; and any assignee 
 or other officer or person appointed to wind up the affairs ofthe Bank 
 in case of its insolvency, shall have the powers of the Directors with 
 respect to such calls. 
 
 
 
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 "^nir. 
 
If). 'Hio slum's in tlio ll;i,nk Hhall bo porHonftT proporty, and tniiis- 
 feni^ilo in tiK) rniuincr provi^lot! Iiy Mk^ liv-lsiws anrl rc^itiliitidus to lie 
 niiulous jilbrnsaid ; imd tli(» triinsrArcc sliall liiiv(> the riiflitsfind iwHiib- 
 .i(H!t to tlio liiihilitios of the oi-i^lnul liol'lcr, Imt, no Hliam shall Im* divi- 
 dod, and if any sliarrfu hn lichi by sovural pcMwons Jointly, ono of thoni 
 shall l>oiif)poiiuLHl by tlu* ftthors to volo thcMcon, to rcccivo dividonds, 
 and to do all lhin<j;s that may rcqiijn' to bo dono in rcspo<'t (horoof, and 
 hin power to that olloct shall bo lo<iL':(^d with the Mank. 
 
 in. It shall bo lawful for the liank to receive depisits of money for 
 the Ixnolit of persons deposltinLf Uk' same, and to invest the same as 
 hereinafter' provided, and to accumulate the revenues and j)rf)llts 
 whi< h shall 1)0 derive<l I'rom the investment ol so much thereof as 
 shall not be re(piired to me<!l ordinary demands by the depositors, and 
 out of such accumulation to allow and pay to the depositors thereof 
 sueli rale of inten^sl on such de|>osits as shall from lime to time be lixed 
 by the ( Jovernor in roui\cil, such rate not l.ein^ less than four nor more 
 than live |)er cent, pcramium. 
 
 17. Kvery depositor wlieth(>r male or lemale. on making his or her 
 first d((j)osit in the said Hank, shall disclose and declare his or her 
 name, residence, qindity and (uMaipation. 
 
 18. It shall be lawful for tlie Hank to receive d(>posits from any per- 
 son or persons whomsoever, whatever be his, her or their status or 
 condition of life, and whethersuch person or j)ersons be fiualilicd liy 
 law to (Miler into ordinary cr)ntracts or not; or to pay a ly part of or 
 all the prineiiv.il thereof, and the whole or any part of tlu; inloroHt 
 thoreim, to sncli person or pt-rsons respectively, witiiout the author- 
 ity, aid. assistance or intervention of any p(>rson or persons, oilicial or 
 oliicials bein'j; r<^(|nired, any law, u-.:i';c or eiislom lo ilio ei'ntrary not- 
 withslandin;.'- ; l'ro\iiiod always, tliat f.lio total ;>niount of deposits 
 made by such [x'rsou .shall not exceed the sum of two thousand 
 dollar.-s. 
 
 li). Tt shall be lawful i";r tiic T.ink t.o invest it< ea])ital stock \vhon 
 iuid as paid up. and any mni"ys (li'p )sito I willi it, in any stock or 
 
 Iiu'olie si'i;iirit;es ol'tlie D./Uiiuioii, (ir of i'.ny of the I'r.AiuiKs of tho 
 ).)niinion, or in any i)r,nd(apul (lelien!i!r(vi, or in thomauuer piovided 
 ill I he two next following ,sei;lions, and not otherwise. 
 
 2!). Ft shall also hr. lav.i'ul for tiie Bank to loan such moneys to the 
 amount of its subseribed c ipiial. and no more, upoi* thr personal so- 
 cerity of Individuals, or to any coi'por.ite bo.li's, provided that eolla- 
 tural se(-uritios of t!u^ nature mentioned in (he next |>reciv.lin;.v section, 
 or IJriiish or Koi-eiirn public securities, or slock of soim; chartered 
 bank in Canada, or any stock in incorporated bnildinv;,- .socieiies, or 
 in bonds or debentures or stock of any in(!or|)orated instituiion or 
 company, be taken in addition to such personal or corpiu-ate seinirity, 
 with authority to sell such securities if the lo'in lie not paid; but the 
 Bank shall not make any loan direi-tly or indirectly upon the security 
 of real estate, or with any reference to tlio security of real estate, ex- 
 c.opt that no'liin,';' herein e )n(ained shall i)rcvent the IJank from taking 
 security up()n real estate in addition to ,-!uch collateral securities, sub- 
 sc()it;Milly to the inakinn' of the loan, and snl)si-,iiary to tho security or- 
 i.u;inally taken therefore : Provided always that the !5:udc shall always 
 liold at least twenty per cent of tlie moneys depoiiited with it;iu Dom- 
 inion securities or deixxsit.s in chartered banks ou call, 
 
 21. In the event of tho Bank makin<^ any loan nndor the two next 
 proeedinj^ sei'tions, upon pcr.-ional securities with collateral security, 
 other than real i>roperty, for tho repayment thereof, if tho repaymoht 
 is not mai'iO within thirty days after •••'uch loan becomes duo or payabio, 
 tho Bank may seb tho sameaner notice shall have boon given to the 
 borrower or party depositing such collateral >security, by addressing 
 
 
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 niid iiiiiilinj; to (lift last ku. "/n placo ol'lih rnsiilcnco, a tott«r oontftln- 
 inu: siii'ii iiDtic' ; iind stK'li Hiilf! tn'uy bo ho ihikIc, ol' wluitnvor naturp 
 hiicli rolJiiti.'i-iiI wi'ciirJtiiM miy In', wlictlior (n>iisistlii;» of stocks, Ijoiiils. 
 (lohcnliinvs or ii("i4'H!i;il>l(( pii'p'T ; luid tiio IVoMlilont or Vico-Prosidciit, 
 M;iii:ty:(!r, Casliicr, <»r oMur (HI1i"(m- oftlK' lUiik. tlicroiinto mitliorizoil 
 hy tlic Diroftor.s, m:iy tr.iiiHUtr iiml iroiivcy iiiiy sociirity so sold to the 
 )urclrist>r, in wlniii ilic property in such "sociirhy sliiill Ix'i-oino vnsttid 
 ly such coiivcyiiiicc or tr;iiist'('r,*hiit without any Wiirratity from the 
 hunk, or front any olllccr thcroof ; and the Haidv' siiall only ho bound 
 to account to the person or persons in«h'l»tod to it in tlie utuluint of such 
 loan, for actual net procee.is of the salo of sui-h i'ollat(u-al sooiritics, 
 nftcw (ieducMon of all costs and chart?os thonuui : Provided always, 
 that nothiiii? her'in contiiu<'d shall |)r(!V(Mit the Hank from eolloc^tihw 
 or roali/.ini; such delit, or any lialanie which may he due tluu'eon, oti 
 such collateral securiues, iu any way that may have lieen agreed on 
 with the borrower depo-iitinu: the same, or in any other lawful way 
 that the l)ir(!ctors may thiem for tlu; interest of tliu IJank. 
 
 22. 'I'he |}aid< may piiifrhase any lands or roal ostato ofVerod for sale 
 uiuler oxecutioii .at the suit of the iiauk, or exj)()s(>d to sale by tho Hank, 
 under a power ol" sale LjivcMi to it for that purpose, in cases where, 
 under similar circumstances, an individual could so purchase, without 
 any restriction as to tlie valine of tin* lands whi(rh it may so purchase, 
 and may acquire a tith* thcM'oto, as any iiulividual purchasing at 
 Sherill's sale or under a power of sale, in like circumstanc.'es, could do, 
 ami may taki', have, hold and dispose of tho samo at pleasuro. 
 
 2;'.. The H'udv may ae(piire and hold an absolute (iile in or to laud 
 ini'rt'4)iij;eil to it as security lor a debt due or owini^ to it either l)y ob- 
 tainiuij; a n'lea'^e of the ( ipnty of i'ed'mi)liiin in the iiK.r'^'ajjed |)i op( rly 
 or by procuring? a Inreclosur ) l)"rore tlu» Jud'j,i' in lM|iiily, (U* b_\' ntlirr 
 means wiiereby iis belween indi\ idnals, an iqiiily of redempli >n can 
 by law b ' barred ; or may purchase and accpiire any [)fior jncu'tgage 
 or fhai'yc} on such land. 
 
 21. Xothiu.i; in any A't or Luv shall be <'ons(rued as havinjj; provent- 
 (hI or a"! pr^■v<•ll(in;^■ the IVink I'ltim acipiirini'^ and hol('inp;an ;:l)-.(ilnfe 
 titiM to and in any sucli morti^a.'j.t d lands, wlialever tiie value thereof 
 may be, or from e\ercisiii!>' or aclini;' upon an\- jiower of sak^ conlaiued 
 in any iuort,ua;.i,e ,u,iv.!n to it or helil by it, anliu>riv,iuH' or onidding it to 
 sell or c'luvey away any lands ,so in(U'i^a.!,'e(l. 
 
 2">, Nolhint!; In (his Act eon(alne<l shall prevent: Iho 15auk from de- 
 
 1v.)siliM;i; niMiiey iti any uf (he i-liar!nr(;d llaniis <-,MH'\'in!j,' on tht; s^oneraj 
 jtisiness ot" bankinti', such money iieiny; so deposiiiMl on call, to be 
 withdrawn at any time witiiout notice, and whether with or withoul 
 interest. 
 
 2ii. Any -'>ireclor of the Haidc who shall beeinie openly and notor- 
 iously insolvent, or shall have assigned his estale ami eU'ects for thw 
 benciitof his ere litirs, or siia!I ab-;ei»t hinis.'lf wilhoul tl\e «'onso!it of 
 tho I5)ar(l for three c nise.r.itive 7n )nt!n iVoni tlui moetin!^^ of the 
 Diret'tor.i, or sli dl have be(>n e;)nvict'>d of any felony, '.shall thercui)on, 
 iy>.s'o Oti-to, cease to bo a Director, and the vaciiicy so cr.'atod .shall forth- 
 with be lilled up in tho manner hereinbefore i)rovided. 
 
 27, If the interest in any iloposit or shar<i in the Bank booomes trana- 
 jnitteil in coiiNcquencje of the d'alli <u" bankruptcy of any depositor or 
 shareholder, or in conso(pienee of the marriage of a female depositor 
 or sharehold(!r, or by any other lawfid means than by a transfer upon 
 tho books of the Bank, a'r by deed sigiulic; I upon tlu; Maidc, such trans- 
 mission shall be authenticated by a dec-!aratii)n iu v, riting, ^vllich de- 
 olaration shall distinclly sliito the manner in which and tln> party to 
 whom such deposit slial! have boe!i transnutted, and shall be, bv such 
 party, made and signed ; and every such declaration shall be, hy tho 
 
 ki^.fu 
 
 i if V- 
 
 ^"^ 
 
6 
 
 'party mukliiK iind HiKninK tlio hhiiio, nworn tohotorcii Jii<l»;"or.TuntI<«o 
 ot'ii 'Court <»l' l{(iconl «)r ('liiol" MuKif^truto of a Cily, Town, iioroiiKh «ir 
 other pliici!, or luM'oro u I'liblii* Notary, wlioro llio Haiiio sliali l)0 iiia<l<* 
 Hiul nI^iumI ; and ovory niicIi (l(t<*iuratioii ho hIkihuI an<l sworn to, shall 
 ho l(tll with tho Mana/cor or olliitr onicor or Agtwit ol tlu- Kank, who 
 Hhall thortMipon (inter the nanio ol' tlio party ho <>ntitli-<l to tho nainn 
 uiidur surli transmiHHion, in th*i Hooks ol' tin* Itaiik, as pro|)ri(>tor ol' 
 .such (loponit or sharM, ami until hik'Ii transmission shall liav«- Ikhmi so 
 autliunticatcil, no party or porson clainiiuK, liy virluool'any such trans- 
 mission, shall l)c> cntitlod to rccuivo hucIi (l(!posit or slnu'o or any part 
 thcreol or ol'any inti>rr<st or (iividond tlicroou : Provided aiwavn, tluit 
 every sueli derl'aration and instrunient as liy tliis and the i'oflowinK 
 seetion of this Act is refptired to perl't^et the iransinisxion of a deposit 
 or share in the Itank, whieli shall l)e made in any other eountry than 
 this or some other of tiie Itritish Colonies in North Anu'rit-a, or in thu 
 l.'i\ited Kingdom of(ireat liritain and Ireland, shall he further auth- 
 pntieatod hy the Hrilish Consul or Viee-Consul, or other aeeredited ro- 
 presentative of tlie Itritish (Jovornment in tiioi-uuntry where the de- 
 elaration shall he mad(>, or shall he made direetly liefore sueh Hritinh 
 Consul or Vi<'e-('onsid or other accredited n'presentative ; And pro- 
 vided also, tliat nothing in this Act contained, sliall he iH'ld to debar 
 the Directors, Manager or other Ollicer or Agent of tiie bank from reijulr- 
 iiig corrohorative evi<leneo of any fact or facts alleged in any such declar- 
 ation; and that if payment he made to any depositor of any deposit or <»f 
 any interest thereon, or ot any dividend on any sliare after transmission 
 thereof by any of the means mentioned in this section, but before such de- 
 claration is made and authenticate*! as aforesaid, such payment sliall bu 
 valid and shall discharge the said 13ank. 
 
 28. If the transmission of any deposit or share he by virtue of the nmr- 
 riage of a female depositor, the declaration shall be accompaided by a 
 copy of the rcigister of such marriage, and shall declare the identity of the 
 wife with the holder of such deposit or share; and if the transmission have 
 taken place by virtue of any testamentary instrument or by intestacy, or 
 hy the vacancy of the estate of a deceased ilepositor or shareholder, the 
 probate of the will, or, if it be notarial, an autlientic copy thereof or the 
 letters of administration or act of tutorship, or curatorship, or authentic 
 certificates of birth, as the case may be, shall, together with such declara- 
 tion, be produced and left with th.e Manager or other Officer or Agent of 
 the Bank, who shall thereupon enter the name of the party entitled imder 
 such transmission in tlie Hooks of the Bank. 
 
 21). The Bank shall not be bound to see to the execution of any trust, 
 whether expr(;ssed. implied, or constructive, to which any of the dejjosita 
 or shares therein may Ite sulyect; and the n'cejpt of the party in whose 
 name any such deposit or share shall stand in the Books of the Bank, or if 
 it stands in the name of more parties than one, the receipt of one of the 
 parties, shall be a sufficient discharge to the baidt for sudi deposit or share, 
 interest or dividend thereon, or for any other sum of money payable in res- 
 pect of such deposit or share, unless expiess notice to the contrary has 
 been given to tlie Bank, or such deposit be made upon express conditions 
 as to the person or pe-sons to whom such deposit shall be paid, in which 
 case such deposit shall be governed by such conditions; the whole, not- 
 withstanding any trust to which such deposit may then be subject, and 
 whether or not the said bank have had notice of such trust ; and the said 
 bank shall not be bound to see to the application of the money paid on 
 such receipt, whether given by one of such parties or all of them. 
 
 30. Any payment of Interest or Dividend, or of the whole or any part 
 ot any deposit, made in good faith to any person or peraons appearing 
 prima facie to be entitled to such interest, dividend or deposit, by the pro- 
 duction of a declaration in writing, and of the documents in support there- 
 
 mmm 
 
«>f lioioltib<'f(»re montionml, hIiaII bo vftlltl; mul thodlochnrgo of such person 
 or i)er8<)n» Hhall be 8iifflci«Mit, nrid shall (lisoliarRft tlie bank from all or wiy 
 further claim by any ixirsoii whomsoever for »iich interest, dividend or 
 deposit. 
 
 31. If any ofllccr, clerk «»r servant employed under tlie provisions of this 
 Act, defaces, alters, eras(>N, or In any manner or way whatsoever changes 
 the effect of the books «»f account that may be kept under the provisions of 
 this Act, or any entiy in tlw said books of account, for any fraudulent pur- 
 jK)8e; or If any sudi officer, clerk, or servant secretes, appropriates, or em- 
 iiez/.les any bond, obll(;Htion, l>ill or note, or any security I'or money, or any 
 money or effects, entrusted to him, or In his custody, or to wlilcli he ha-* 
 obtained access as such aKent,<»fflcer, clerk or servant, to whosoever tlie said 
 property may beloiiK. the person so ofTcndiuR is Kuilty of felony, and on 
 conviction thereof shall be liable to be punished by imprisoiunent for 
 any term not less than two years It) the Provhicial Penitentiary, or by im- 
 prisoiunent In any other Raol or place of confinement, or as provided by 
 the general criminal law of Canada, for any time less than two years. In 
 the disci'etion of the (NMU't b»'fi)re wl.om he may be convicted: l'rovide<l 
 always, that nothing herein contained, nor the conviction or punishment 
 of the offender, shall prevent, lessen, or Impair any rejuedy which Her 
 M<\)esly, or the lieceiver General, or any othc person or party would other- 
 wise have against any (»ther person or party whatsoever. 
 
 32. Any person who falsely pretends to be owner of any deposit made 
 under this Act, or of tlie interest upon such deposit, or of any part or por- 
 tion of f.uch deposit or interest, and not being sucli owner, with Intent to 
 defraud, demands or claims from the Bank with wliich such deposit has 
 been made, or from any i)arty employed under this Act, the payment of 
 such deposit or interest, or of any portion thereof, as the case may be, and 
 whether he does or does not therieby obtain any part of such deposit or In- 
 terest, is guilty of a misdemeanor, and shall on conviction be punishable 
 accordingly: Provided, that any offetuier against the provisions of this or 
 the next preceding section, may be indicted and punished either under 
 this Act or the Act '-especting larceny and other similar offences, if his of- 
 fence be one punishable under this Act, but he shall not be more than once 
 pu!iished for the same offence. 
 
 .S3. The making of any wilfully false or deceptive statement In any ac- 
 count, return, report, or other document respecting the affairs of th(! Baik, 
 shall, ludess it amounts to a higher offence, ba a misdemeanor; and any 
 President, Vice-President, Director, Auditor, Cashier, or other Officer of 
 the Bank, preparing, signing, approving or concurring In such statement, 
 return, report or document, or usuig the same with intent to deceive or 
 mislead any party, shall be held to have wilfully made such false statement, 
 and shall further be responsible for all damages sustained by such party in 
 consequence thereof. 
 
 34. The Bank chartered under this Act shall not issue any Bank note, 
 or note intended to circulate as money or as a substitute for money, or be 
 deemed a Bank within the meaning of the Act respecting Banks and 
 Banking. 
 
 85. A book sliall be kept by the Directors, in which shall be entered the 
 names of the sliareholders of the Corporation, with the number of shares 
 held by each and the transfer of such shares, and also a minute of the pro- 
 ceedings at meetings of the shareholders and of the Directors. 
 
 36. Monthly returns shall be made by the Bank to the Government, 
 and shall be made up within the first ten days of each month and exhibit 
 the condition of the Bank on the last juridical day of the month preceding ; 
 and such monthly returns shall be signed by the President or Vice-Presi- 
 dent, or the Director then acting as President and by the Manager, Cash- 
 
8 
 
 i«r, or otiier principal ofncer of the banit at its seat of l)usine.ss, and shall 
 be published in the Canada Gazelle; and sucli monthly returns shall be in 
 tljc following form, and Mie first of sucli monthly returns under this Act 
 Hhall be inaile within the first ton days of tlie niontli of July in the present 
 year, 1874 : — 
 
 Kkturn of the amount ol Liabilities 
 Savings Bank on tlie 
 A. D., 18 
 
 Capital Stock, $ 
 
 and Assets of the 
 day of 
 
 Albion Mines 
 
 Capital path up, $ 
 
 LIABILITIES. 
 
 $ cts. 
 
 1. 
 2. 
 
 4. 
 
 6. 
 
 7. 
 
 deposits, payable on demand 
 
 , deposits, i)ayable on demand 
 
 on demand .... 
 
 deposits, payable after notice 
 
 Dominion Governmont 
 rrovincial Goverument 
 Other deposits, payable 
 Dominion Government 
 
 or on a fixed day 
 Provincial Government deposits, payable after notice 
 
 or on a fixed day . . . . 
 Othei' deposits, payable after notice or on a fixed day 
 Liabilities not included vmder tlie foregoing lieads 
 
 ASSETS. $ cts. 
 
 1. Dominion securities 
 
 2. Provincial or municipal securities .... 
 
 3. Loans for wliicli Dcnninion or Provincial securities 
 
 are lield as collateral security .... 
 
 4. Loans for wliich Bank stocks are held as collateral 
 
 security . . 
 
 5. Loans for wliich other stocks, bonds or debentures, 
 
 as autliorized liy hxw, are held as collateral 
 secuiity 
 
 6. ♦'^asli in hand or in deposit on call in chartered Banks 
 
 7. Otlier assets not included under tlie foregoing heads 
 
 We declare tliat the foregoing return is made up from the books of the 
 Bank, and that it is correct, to the best of our knowledge and belief. 
 
 {Place) this 
 
 day of 18 
 
 A. B., President, &c. 
 C. D., Cashier, <£c. 
 
 37. In this Act the word "' Bank," except where such interpretation is 
 plainly and clearly rejiugnant to the context, shall be taken and deemed to 
 signify tlie Corporation created and constituted by this Act. 
 
 38. This Act shall be subject to any general provisions which Parlia- 
 ment may deem it advisable to make for protecting the interests of deposi- 
 tors in Savings Banks or the public; and to those of any winding-up Act 
 which may be declared to apply to Savings Banks generally ; and no such 
 provision shall be deemed an infringement of the privileges of the Bank. 
 
 89. This Act shall be and remain in force for ten years from the date of 
 the passing thereof, and from thence to the end of the then next session 
 of Parliament.