CHAP. 55. An Act to incorporate the "London and Canada Bank," [Assented to 26th May, 1874.] WHEREAS, the persons hereinafter named, and others, by Preamble. their petition have prayed that they may be incorporated for establishing a Bank in the City of Toronto; and it is expedient to grant the prayer of the said petition: Therefore Her Majesty, by and with the advice and consent of the Senate and House of Commons of Canada, enacts as follows: 1. James O'Rielly, Peter Cameron, John M. Grover, Samuel Incorporation. Wilmot, John Ham Perry, Joseph Gould and Edward Douglas Armour, and such others as may become shareholders in the corporation to be by this Act created, and their assigns, shall be, and they are hereby created, constituted and declared to be a corporation, body corporate and politic, by the name of the Corporate "London and Canada Bank." name. 2. The capital stock of the said Bank shall be five millions of Capital stock, dollars, divided into twenty thousand shares of two hundred and and shares. fifty dollars each, which said shares shall be, and are hereby vested in the several persons who shall subscribe for the same, their legal representatives and assigns. may their powers. holders. 3. For the purpose of organizing the said Bank, and of raising Provisional the amount of the said capital stock, the persons herein before Directors and mentioned by name shall be Provisional Directors thereof, and they, or a majority of them, may cause stock books to be opened after giving due notice thereof; upon which stock books shall and be received the signatures and subscriptions of such parties or persons as desire to become shareholders in the said Bank; and such books shall be opened at Toronto and elsewhere at the discretion of the Provisional Directors, and shall be kept open as long as they shall deem necessary; and so soon as the whole First meeting amount of the said capital stock shall have been subscribed of shareupon the stock books, and five hundred thousand dollars thereof actually paid into some one of the present chartered banks in Canada, and a certificate shall have been obtained from the Treasury Board that it has been proved to their satisfaction that such amounts of the capital have been bond fide subscribed for and paid respectively, a public meeting shall be called of the subscribers thereof by notice published for at least two weeks in two newspapers of the said city of Toronto; such meeting to be held in Toronto aforesaid, at such time and place therein as such notice shall indicate; and at such meeting the subscribers shall proceed to Election of elect seven Directors having the requisite stock qualification, who Directors and shall from thenceforward manage the affairs of the said corpora 18 tion term of office. Chief place of business. 34 V., c. 5, to apply. Exception. Bank must obtain Treasury Board certificate within one year. Duration of tion, shall take charge of the stock books herein before referred to, and shall continue in office until the first Wednesday in July, which shall be in the year next after the year in which they are so elected, and until their successors in office shall be duly elected; and immediately upon such election being had the functions of the said Provisional Directors shall cease, and then and not before the Bank may commence business. 4. The chief place or seat of business of the said Corporation shall be in the City of Toronto, unless the Board of Directors first elected shall decide by resolution to fix the chief place or seat of business in the City of Montreal, or the City of London, Eng land, and the place so decided on, shall be and remain thereafter such chief place or seat of business. 5. The Act passed in the thirty-fourth year of Her Majesty's reign, chaptered five, and intituled "An Act relating to Banks and Banking," and all the provisions thereof, shall apply to the Bank hereby incorporated in the same manner as if it were expressly incorporated with this Act, excepting so far as such provisions relate only to Banks already in existence, or to Banks en commandite, or are not consistent with the provisions of this Act. of 6. The said Bank shall obtain from the Treasury Board within one year from and after the passing of this Act the certificate mentioned and required by section seven of the said "Act relat ing to Banks and Banking," passed in the thirty-fourth year Her Majesty's reign, chaptered five; in default of which this Act shall become and be null and void, and of no effect, and the charter hereby granted, and all and every the rights and privileges hereby conferred shall be forfeited. 7. This Act shall remain in force until the first day of July in the year of Our Lord one thousand eight hundred and eighty-one. Preamble. WE CHAP. 56, An Act to incorporate the Bank of Ottawa. [Assented to 26th May, 1874.] HEREAS James McLaren, the Honorable George Bryson, Robert Blackburn, M.P., Charles T. Bate, Alexander Fraser, Daniel O'Connor, Charles Magee, Edward McGillivray, Henry McCormack and others have, by their petition, prayed that they may be incorporated for the purpose of establishing a Bank in the City of Ottawa, in the Province of Ontario; and whereas it is expedient to grant the prayer of their petition: Therefore Her Majesty, by and with the advice and consent of the Senate and House of Commons of Canada, enacts as follows: 1. James McLaren, the Honorable George Bryson, Robert Certain Blackburn, M.P., Charles T. Bate, Alexander Fraser, Daniel persons incorporated. O'Connor, Charles Magee, Edward McGillivray, Henry McCormack and such other persons as may become shareholders in the corporation to be by this Act created, and their assigns, shall be and they are hereby created, constituted and declared to be a cor- Corporate poration, body corporate and politic, by the name of "The Bank name. of Ottawa." 2. The capital stock of the said Bank shall be one million Capital stock dollars, divided into ten thousand shares of one hundred dollars and shares. each, which said shares shall be and are hereby vested in the several persons who shall subscribe for the same, their legal representatives and assigns. their powers. 3. For the purpose of organizing the said Bank and of raising Provisional the amount of the said capital stock, the persons herein before Directors and mentioned by name shall be Provisional Directors thereof, and they or a majority of them may cause stock books to be opened after giving due notice thereof; upon which stock books shall and Stock books. may be received and inscribed the signatures and subscriptions of such parties or persons as desire to become shareholders in the said Bank; and such stock books shall be opened at the City of Ottawa and elsewhere at the discretion of the Provisional Directors, and shall be kept open so long as they shall deem necessary; and so soon as five hundred thousand dollars of the capital stock shall have been subscribed upon the said stock books, and one hundred thousand dollars thereof actually paid into some one of the present chartered banks in Canada, a public meeting shall be called of the First meeting subscribers thereof by notice published at least two weeks in two of sharenewspapers of the said City of Ottawa, such meeting to be held in the City of Ottawa aforesaid at such time and place as such notice shall indicate and specify; and at such meeting the Election of subscribers shall proceed to elect nine Directors having the Directors. requisite stock qualification, who shall from thenceforward Term of office, direct the affairs of the said corporation, shall take charge of the stock books herein before referred to, and shall continue in office until the first Wednesday in the month of July, which shall be in the year next after the year in which they are so elected, and until their successors in office shall be duly elected; and immediately upon such election being had the functions of the said Provisional Directors shall cease. holders. 4. The chief place or seat of business of the said corporation Chief place shall be in the City of Ottawa. of business. number of, 5. The number of Directors of the said Bank shall be nine, Directors, subject to be diminished or increased from time to time by by-law subject to 34 V., c. 5, 8. 28. 34 V., c. 5, to apply. Exception. Certificate to be obtained from Treasury Board within a year. Duration of to be passed as provided in the twenty-eighth section of the Act of the Parliament of Canada passed in the thirty-fourth year of Her Majesty's reign, intituled "An Act relating to Banks and Banking." 6. The said Act passed in the thirty-fourth year of Her Majesty's reign, intituled " An Act relating to Banks and Banking" and all the provisions thereof, shall apply to the Bank hereby incorporated in the same manner as if it were expressly incorporated with this Act, excepting so far as such provisions relate only to banks already in existence, or to banks en commandite. 7. The said Bank shall obtain from the Treasury Board, within twelve months from and after the passing of this Act, the certifi cate required by section seven of the said "Act relating to Banks and Banking," passed in the thirty-fourth year of Her Majesty's reign, chapter five, in default of which this Act shall become and be null and void and of no effect; and the charter hereby granted and all and every the rights and privileges hereby conferred shall be forfeited. 8. This Act shall remain in force until the first day of July, in the year of Our Lord one thousand eight hundred and eighty one. Preamble, 36 V., c. 79. Time limited by 35 V, c. 59,, 8. 7, fur CHAP. 57. An Act respecting the Federal Bank of Canada. · [Assented to 26th May, 1874] HEREAS by an Act passed in the thirty-sixth year of Her W Majesty's reign, chaptered seventy-nine, intituled "An Act to change the name of the Superior Bank of Canada', to that of the Federal Bank of Canada," the time limited by the seventh section of the Act incorporating the said Bank was extended for the further period of twelve months; and whereas W. G. Cassels, W. Alexander and others, subscribers to the stock of the said Bank, have by their petition prayed that the time limited by the said seventh section may be further extended: Therefore Her Majesty, by and with the advice and consent of the Senate and House of Commons of Canada, enacts as follows: 1. The time limited by the seventh section of the Act passed in the thirty-fifth year of Her Majesty's reign intituled "An Act ther extended to incorporate the Superior Bank of Canada," is hereby extended for the further period of twelve months, from the fourteenth day of June, one thousand eight hundred and seventy-four. CHAP CHAP. 58. An Act to amend the Act to incorporate d' Hochelaga." La Banque [Assented to 26th May, 1874.] WHEREAS in HEREAS the Directors of La Banque d' Hochelaga, in Preamble. have prayed for certain amendments to the Act incorporating the said Bank, and it is expedient to grant the prayer of their petition: Therefore Her Majesty, by and with the advice and consent of the Senate and House of Commons of Canada, enacts as follows: tors continued in office for a limited time. 1. Notwithstanding the provisions of section three of the Present direcAct passed in the thirty-sixth year of Her Majesty's reign, chapter thirteen, the Directors of the said Bank, elected at the general meeting of the shareholders thereof, held at Montreal on the twenty-ninth day of December last, (1873), shall remain in office till the fifteenth day of January, one thousand eight hundred and seventy-five, and until such time as their successors in office shall be duly elected, and the powers of the said Directors are in consequence continued until the date aforesaid. general meet held. 2. The annual general meeting of the shareholders of the When and said Bank, shall be held in the City of Montreal on the fifteenth where annual day of January in each year; or if the same be a non-juridical ing shall be day, then on the next following juridical day; it shall, however, be lawful for the shareholders of the said Bank, at any time, to appoint, by by-law, any other period of the year for their annual general meeting, and to change, alter and amend such by-law when they consider it expedient so to do. CHAP. 59. An Act respecting the Bank of Nova Scotia. [Assented to 26th May, 1874.] W HEREAS in an Act passed by the Parliament of Canada, in Freamble. the thirty-fourth year of the reign of Her present Majesty, 34 V., c. 5, chapter five, and intituled "An Act relating to Banks and schedule. Banking," the President, Directors and Company of the Bank of Nova Scotia are denominated "The Bank of Nova Scotia:" Therefore Her Majesty, by and with the advice and consent of the Senate and House of Commons of Canada, enacts as follows: |