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notice shall be given by the said Directors in the different Newspapers printed within the Province, of such time and place, not more than sixty, nor less than thirty days, previous to the time of holding the said election; and the said election shall be held and made by such of the Stockholders of the said

Bank as shall attend for that purpose in their own proper persons, or by Provision for elec- proxy; and all elections for Directors shall be by ballot, and the fifteen sion of Directory.

persons who shall have the greatest number of votes at any election, shall be The Directors, except as is herein after directed; and if it should happen at any election, that two or more persons have an equal number of votes, in such manner that a greater number of persons than fifteen shall by plurality of yotes, appear to be chosen as Directors, then the said Stockholders, herein before authorised to hold such election, shall proceed to ballot a second time, and by plurality of votes, determine which of the said persons, so having an equal number of votes, shall be the Director or Directors, so as to complete the whole number of filteen, and the said Directors, so soon as may be after the said election, shall proceed, in like manner, to elect by ballot, one of their number to be their President, and four of the Directors which shall be chosen at any year, excepting the President, shall be ineligible to the office of Director, for one year after the expiration of the time for which they shall be chosen Directors; and in case a greater number than ten of the Directors, exclusive of the President who served for the last year, shall appear to be elected, then the election of such person or persons above the said number, and who shall have the fewest votes, shall be considered void, and such other of the Stockholders as shall be eligible, and shall have the next greatest number of votes, shall be considered as elected in the room of such last described person or persons, and who are hereby declared ineligible, as aforesaid; and the President for the time being, shall always be eligible to the office of Director; but Stockholders not residing

within the Province, shall be ineligible, and if any Director shall move out Vacancies to be sup. of the said Province, his office shall be considered as vacant, and if any vaplied.

cancy or vacancies should at any time happen among the Directors, by death, resignation, or removal from the said Province, such vacancy or vacancies shall be filled for the remainder of the year in which they may happen, by a special election for that purpose, to be held in the same manner as herein before directed respecting annual elections, at such time and place in the Town of Kingston, as the remainder of the Directors or the major part of

them, shall appoint; Provided always, That no person shall be eligible to be Directors to bave {weuty Sbares.

a Director who shall not be a Stockholder to the annount of at least twenty Shares.

VIII. And be it further enacted by the authority aforesaid, That in case it Corporation not to De dissolved by non. should at any time happen, that an election of Directors should not be election of Directors on me

made on any day when, pursuant to this Act, it ought to have been made, the proper day.

the said Corporation shall not for that cause be deemed to be dissolved, but that it shall and may be lawful on any other day to hold and make an election of Directors, in such manner as shall have been regulated by the laws and ordinances of the said Corporation.

Who are to vote.

IX. And be it further enacted by the authority aforesaid, That each Stockholder shall be entitled to a number of votes proportioned to the number of Shares which he or she shall have held in his or her own name, at least three months prior to the time of voting, according to the following ratios ; that is to say, at the rate of one vote for each Share, not exceeding four, five votes for six Shares, six votes for eight Shares, seven votes for ten Shares, and one vote foi every five Shares above ten. Stockholders aclually resident within the Province of Upper Canada, and none others, may vote in election by proxy; Provided always, That no person, co-partnership, or body politic, shall be entitled to more than fifteen' votes at any such election.

X. And be it further enacted by the authority aforesaid. That it shall be the Half yearly dividends

of profits to be made. duty of the Directors to make half yearly dividends of so much of the profits of the said Bank, as to them, or the majority of them, shall appear adviseable, and that once in every three years, and oftener if thereunto required Accounts to be given by a majority of the votes of the Stockholders, to be given agreeably to the of debts, losses, &c. ratios herein before e tablished at a general meeting to be called for that. purpose, an exact and particular statement of the debts which shall have remained unpaid after the expiration of the original credit, for a period of treble the term of that credit, and of the surplus of profits, if any, after deducting losses and dividends.

XI. And be it further enacted by the authority aforesaid, That the Directors Directors may make for the time being, or a major part of them, shall have power to make and subscribe such rules and regulations as to them shall appear needful and proper, touching the management and disposition of the Stock, property, estate, and effects of the said Corporation, and touching the duties and conduct of the Officers, Clerks, and Servants employed therein, and all such other matters as appertain to the business of a Bank, and shall also have power to appoint as many Officers, Clerks, and Servants, for carrying on the appoint clerks and sersaid business, and with such salaries and allowances as to them shall seem

vants, and pay them. meet; Provided, That such rules and regulations be not repugnant to the Laws of this Province.

XII. And be it further enacted by the authority aforesaid, That the total Debts never to es amount of the debts which the said Corporation shall, at any time, owe, ceed three times the

"O amount of monies acwhether by bond, bill, note, or other contract, over and above the monies tually paid into the then actually deposited in the Bank, shall not exceed three times the sum Bank of the Capital Stock subscribed, and actually paid into the Bank, and in case of such excess, the Directors, under whose administration it shall hap- In case of excess,

Directors in wbose time pen, shall be liable for the same in their natural and private capacities ; but it shall happen to, be This shall not be construed to exempt the said Corporation, or any estate, persona real or personal, which they may hold as a Body Corporate, from being also liable for, and chargable with, the said excess, but such of the said Directors, Exceptions. who may have been absent when the said excess was contracted, or who may have dissented from the said resolution or act, whereby the same was contracted, may respectively exonerate themselves from being so liable, by giving immediate notice of ihe fact, and of their absence or dissent, to the

Stockholders,

Stockholders, at a general meeting, which they shall have power to call for that purpose.

The Bank to issue no bill under ten shillings.

XIII. And be it further enacted by the authority aforesaid. That it shall not be lawful for the said Corporation, to issue any note or bill under the value of ten shillings of lawful money of the Province of Upper Canada.

To bold no lands except as bereio mentioned.

XIV. And be it further enacted by the authority aforesaid, That the lands, 'tenements, and hereditaments, which it shall be lawful for the said Corporation to hold, shall be only such as shall be requisite for its immediate accommodation, in relation to the convenient transaction of its business, or such as shall have been bona fide mortgaged to it by way of security, or conveyed to it in satisfaction of debts previously contracted in the way of its dealings, or purchased at sales upon judgments which shall have been obtained for such debts; and further the said Corporation shall not, directly or indirectly, deal or trade, in buying or selling any goods, wares, merchandise, or commodities whatsoever; Provided, That nothing herein contained shall any wise be construed to hinder the said Corporation from dealing in bills of Exchange, or in buying or selling bullion, gold, or silver.

Not to deal in goods or merchandise.

Exception

Shares may be transferred.

In wbat manner.

XV. And be it further enacted by the authority aforesaid, That the Shares of the said Capital Stock shall be transferable and may be, from time te time, transferred by the respective persons so subscribing the same; Provided always, That such transfer be entered or registered in a book or books to be kept for that purpose by the Directors.

able.

Bills obligatory and XVI. And be it further enacted by the authority aforesaid, That the bills of credit under seal of obligatory and of credit, under the seal of the said Corporation, which the Bapk, made assiga.

shall be made to any person or persons, shall be assignable by indorsement thereupon under the hand or hands of such person or persons, and of his, her, or their assignee or assignees, and so as absolutely to transfer and vest the property thereof in each and every assignee or assignees succes. sively, and to enable such assignee or assignees to bring and maintain any action thereupon in his or their own name or names, and bills or notes which may be issued by order of the said Corporation, signed by the President, and countersigned by the principal Cashier or Treasurer, promising the payment of money to any person or persons, his, her, or their order, or to bearer, though not under the seal of the said Corporation, shall be binding and obligatory upon the same, in like manner, and with the like

force and effect as upon any private person or persons, if issued by him, Bills or notes nego

her, or them, in his, her, or their private or natural capacity or capacities, ciable, &c.

and shall be assignable or negotiable in like manner as if they were so issued by such private person or persons.

XVII. And be it further enacted by the authority aforesaid, That every Cashier and clerk to ciochian and Clerk

to Cashier and Clerk, before he enters into the duties of his office, shall give give security.

bond, with two or more sureties, in such sum as may be satisfactory to the Directors, with condition for the faithful discharge of his duty.

XVIII. And be it further enacted by the authority aforesaid, That the said Interest limited to

6 per cent on any Corporation shall not demand any greater interest on any loan or discount loan or discount. than at the rate of six per centum per annum.

Presid

To

; XIX. And be it further enacted by the authority aforesaid, That the Direc- Directors to have no tors, excepting the President, shall not be entitled to any emolument for emolument except ebe their services, and that seven Directors shall constitute a Board, for the Seven to form a transaction of business, of whom the President shall be one, except in the

President. case of sickness or absence, in which case, the Directors present may choose a Chairman for the said meeting.

Chairman.

rectors.

XX. And be it further enacted by the authority aforesaid, That the said Bank Bank to be establisher shall be established, and the buildings necessary for the accommodation ed in Kingston. thereof erected, purchased, or leased, and the business thereof, at all times hereafter, transacted at such place in the Town of Kingston, as the Directors, or the majority of them, may appoint; Provided always, So Branches may be

och's the soia Ronbond V os authorised by the Disoon as it may be deemed expedient, Branches of the said Bank and Offices of Deposit and Discount may be authorised by the said Directors, or the majority of them, in any other part of the said Province, under such rules and regulations as the said Directors, or the major part of them, may think proper, not repugnant to the general rules of the said Corporation; and Provided always, That a Branch of the said Bank shall be established in

A Branch to be esta the Town of York, within two years from the passing of the said Act, in blished at York, va case the Stockholders of the Town of York and the Home District hold con two thousand Shares in the said Bank.

eonditions

XXI. And be it further exct, the said Presidentinking House, or any brao

it further enacted by the auresident, Directors, and any Branch proses uns pay maent in

H Bank re

pro

halb

XXI. And be it further enacted by the authority aforesaid, That if at any time after the passing of this Act, the said President, Directors, and Company, ment of their bills, its shall refuse, on demand being made at their Banking House, or any Branch or Branches hereafter to be established, during the regular hours of doing resumech business, to redeem in specie, or other lawful money of this Province, their said Bills, Notes or other evidences of debt, issued by the said Company, the said President, Directors and Company shall, on pain of forfeiture of their Charter, wholly discontinue and close their said Banking operations, either by way of discount or otherwise, until such time as the President, Directors and Company shall resume the redemption of their Bills, Notes or other evidences of debt, in Specie or other lawful money of this Province.

Annual returns to be

XXII. And be it further enacted by the authority aforesaid, That it shall and may be the duty of the President and Cashier of the said Bank, for the time made by the President

and Cashier to the Pro, being, to make a return, under oath, to the Provincial Parliament, once in vivcial Parliamcus. each year, if required either by the Legislative Council or House of Assembly, which return shall contain a full and true account of the funds and property of the said Bank, the amount of its Capital Stock subscribed and paid, the amount of the debts due to and from the said Bank, the amount of the Bills and Notes emitted by the Bank, in circulation, and the amount of Specie in the said Bank at the time of making such return; and in case the said President and Cashier shall refuse or neglect to make such return as aforesaid, the Legislature may at any time thereafter in their discretion dissolve the said Corporation.

; XXIII

This Act to be deemed a public Act.

XXIII. And be it further enacted by the authority aforesaid, That this Act be, and is hereby declared to be a public Act, and that the same may be construed as such in His Majesty's Courts of this Province.

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XXIV. And be it further enacted by the authority aforesaid, That this present Act of Incorporation shall in no wise be forfeited by any non-uset whatever, at any time before the first day of January, one thousand eight hundred and twenty one, any thing herein contained to the contrary thereof notwithstanding.

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An Act for appropriating a sum of MONEY to defray the expence of procuring PLANS and

ELEVATIONS of PUBLIC BUILDINGS, and for COPIES of the JOURNALS which were destroyed by the Enemy.

. [Passed 12th July, 1819.] MOST GRACIOUS SOVEREIGN, Preamble.

T HEREAS, in pursuance of a joint Address of the Legislative

Council and Commons House of Assembly of this Province, certain Plans and Elevations for Public Buildings were procured by the Provincial Agent; and whereas, it is expedient to appropriate a sun of money to defray the expences of the said Plans and Elevations; and whereas, a sum of money is required to defray the expence of procuring copies of the Journals of the Legislative Council and Assembly, which were burned by the enemy during the late war: We your Majesty's dutiful and loyal subjects the Commons of Upper Canada, in Provincial Parliament assembled, beseech your Majesty that it may be enacted, and Be it enacted by the King's Most Excellent Majesty, by and with the advice and consent of the Legislative Council and Assembly of the Province of Upper Canada.constituted and assembled by virtue of and under the authority of an Act passed in the Parliament of Great Britain, entitled, “An Act to repeal certain parts of an Act passed in the fourteenth year of His Majesty's Reign, entitled, An Act for inaking more effectual provision for the Government of the Province of Quebec in North America, and to make further provision for the Government of the said Province,” and by the authority of the same, That from and out of the rates and duties already raised, levied, and collected, or hereafter to be raised, levied, and collected, to and for the uses of this Province, there be grant

ed to His Majesty, His Heirs and Successors, the sum of five hundred and £512 Is Stg to be paid to the Provincial twelve pounds one shilling, sterling, to be issued out of the funds now reAgent to defray the ex. m

maining, or hereafter to come into the hands of the Receiver General, plans of public build unappropriated, which said sum of five hundred and twelve pounds one ings,

t'and copies of the shilling, shall be disposed of, appropriated, and applied by the Provincial Journals of Parliament Agent as follows, viz. one hundred and fifty-seven pounds ten shillings, destroyed by the enesterting, to defray the expence of procuring certain Plans and Elevations

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