Kingston Gazette (Kingston, ON1810), August 11, 1818, p. 3

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supplement to the kingston gazette tuesday august iu a ticlea of association of the bankoftwekcanada to all to whom tufsk pre- kxtsiiailcoik ijp it knoton and made manifest jt 9 that xve the subscribers have for mat tin assoeiuton or limited c-f7- aershifa and do hereby agree with eaeh other to conduct rokvg business in the manner hereinaftt t specified and dewrificdn by and under the name or style of the bank of upper canada and ce do hreby mutually covenant dectarc and aree that the fotloisin are and shall be the fundaui ntol j tides tf this our association and a- greement icith eaeh other by ichich tee uml all persons zcho at anj time herfi- ujter way transact business zcith the said company shall be bound and peg ulttfed first the capital stock of the said company shall not exceed one hundred and twenty five thousand pounds current money of dnprovitiee divided into five thousand shares of twenty five pounds ouch ami for the purpose of raising the said capital stock a book of subscription shall lc opened in thhtown on thursday the 16th instant ai moores l 11 hm the hour of ten to two oclock under the superintendanceof john cummin- benjamin whitney john m balfour john ferguson robert rn hardsou james nickalls and samuel shaw or gay two ofthoni and to continue epen undei thetf supcrintciidaiire until ihere shall have been an election of direc tors as hereinafter provided vv hieh book shall be headed with the present articles of copartnerhip or agree ment and shall continue open until the whole of the said capital stock shall have been subscribed every person or persons copartnership body poli tic or corporate who may or shall be come members of this association may subscribe r such and o many shares ns he sthe or they shall think lit not however exceeding in the first instance two bundled shares and it is hereby igrrcd thai the shares respectively ub- scribcd shall be payable in gold or silver coin er montreal ija n k bill current in this province in the mn- i ner following that is to ay tvui per centum when the whole of the stork has been taken and ten days previous notice having been given in the kings ton gazette six per centum to the directors within ten days after they shall have been chosen in manner hen itiafler provided another payment hot lacceding ten per centum wlwhiryer ftp shall r quire it at such time and place as they shall appoint for that purpose giving thirty days previous notice h afercuid and the remain- der shall ik- payable in mjrh instalments as a mail lit v of the jirectors shall i igree upon but no after instalment shall cageed tenner centum upon the capital stock for tl payment of which thiit daysnoticeshall always be given second if is further mutually agreed upon chart whenever the sum of two thousand pounds shall have been ac tually deposited or paid in on acco f tlrj subscriptions to the said stock notice thereof shall be given by the pel sou- under whose superintondance the mime shall have been received in the kingston gazette and the said persons hall nt the same time in like manner notify the time and place of holding a meeting of the subscribers width shall be at the distance of not less tfian ten days from the time of such notification for proceeding to the elec tion of the number of directors herein after mentioned and such election shall then and there be made by a ma jority of shares voted for in maimer hcreinafterprescribeh in respect to the annual elections of directors and the persons who shall hen and bore be dioseu shall be the first directors a lid shnll be capable of serving until the expiration of the day fixed for making the annual election and the directors so chosen shall as soon thereafter as circumstances can conveniently allow of commence the business and opera tions of the said hank but no bank ltlls or bank notes hall be issued or put in circulation nor an dillor jnoie be discounted at the bank until ten thousand pound in gold or silver or montreal bank note shall be actually paid in and received on account of the subscriptions to the said capital slock third for the good management of the atiairs of lie said association or company ihere shall be thirteen di rector who shall be annually elected w the proprietors or holders of the said capital stock at a general meeting thereof to be annually holdeu at w inch annual meeting the said proprietors and stockholders shall vote according to the rule hereinafter established in respect to voting at general meetings and the directors so chosen by u ma jority in conformity to such rule shall be capable of serving as directors for twelve months unless anv of them shall be removed for maladministration be fore the expiration of that period by a general meeting of stockholders or unless suspend- d as hereinafter provi ded and at their first meeting after such election shall choose out of their number a president and vicepresi dent and their places respectively from time to time ill up when vacant by death resignation absence from the province ox removal as abovesaid in caseof death resignation absence fuun the province for three months at a time or the removal of a director b the stockholders his place in case of such removal shall be filled up by the stid stockholders and in the other ca ses by the remaining directors or a majority ol them to serve however on- h until the succeeding general meeting in abovesaid fourth the directors for the time being shall have power to appoint such officers clerks and sci van t under them a- shall be ufcosmtry for executing the buiuess of the said company and to allow f hern suv h compensation for their services n speetlvel as shall be reason able and proper all which together v uk the expicetfi buildup kettc sliall re rent and all other contingencies riiall no further nnd the compnny hi- defrayed out of the funds f the immediately pay the amount of such- said company the said directors covery out of their joint stock but not shall likewise be capable of exercising otherwise and iu case of any suit at such other powers and authorities for law the president for the time befog the well regulating and ordering of the shall have full power in his own name affairs of the said company as shall be and on behalf of the company to pro- prescribed by tlie byelaws and reg- secute to judgment nnd execution in ulations thereof the manner and form u bv the laws of fifth it is further covenanted and this province it is provided it being agreed npon by and between the par- expressly understood and declared that ties to this agreement that if the said all persons dealing with the said corn- capital stock of one hundred and pany agree to these terms and arc t twenty five thousand pounds is not be bound thereby subscribed iu one month after the said seventh these articles of agreement book of subscription shall have been shall be published in the kingston opened then and in such case it may gazette for three months and for the bo competent for any former subscri- information of all persons w ho may ber or subscribers to increase his her transact business ivith or in any man or their subscriptions to two hundred ner give credit to this company every and fifty shares and if the aforesaid bond bill note or other inmrume it capital stock is not subscribed within or contract b the effect or terms of two months after the said book ofsub- which th company may be chared scriptiou shall have been opened then or held liable for the payment of mo and in such cae the deficiency ma be ney shall specially declare- in such subscribed for by any person or per- form as the board of directors shall sous body politic or corporate prescribe that payment shall be made sixth it is hereby expressly and et- out tf the joint funds oj this company plicilly declared to be the object and according to the present articles ofas- inteufion of the persons who associate soiiutiot and i ot otherwise nnd a themselves under the style or firm of copy of the sixth article of this associ- the hank of upper canudu that the atlon shall be iuecrted iu the bank hok joint stock or property of the said of every person depositing money or company exclusive of dividends to other valuable property with the com be made in the manner hereinafter pany for safe custody or a pnutod co- rneutioued shall alone be responsible pv shall be delivered to ever such for the debts and engagements of the person before any uch deposit hall be said company and that no person received from him and it is iu ruby who shall or may deal with this com expressly declared that no engagement pany oi to whom they shall or may can be legal i made in the wwv ofthe htfconu in any vkise indebted shall mi said cunpauv nob if ioiitnbiuiduui any pretence wnatever have recourse tation or resiri tion to the elfect ah ive against the separate iropeity of any recited and the company h err by present or future member of this com- expressly disavow all responsibility pany or against their persons farther for any debtors eiuaeineut which than may be necessary to secure the may be made in their name not eon- faithful application of the funds there- tuiniug a limitation or restriction to the of to the purposes to which by these elfect aforesaid prevents the are liable but all per- eighth the number of votes tj sons accepting any bond bill note or which each stockholder or stock- other contract ot this company signed holders i o partncifhip body politic of by the president or vicepresident corporate holding hock in the fa id and countersigned or attested by the company fhall be entitled on evciy cahierof the company for the time occallou vvhi1 in ronfomiiiy to the beings or dealing with it in any ether provili ns and requirement of ihcfe manner whatsoever thereby respec- articles the votw thereof are to he tively give credit to the said joint given ball be in the proportion follow- to k or propcrr of the said company ing thai is to fay for one bare- and f at and thereb respectively disavow ha- more than t wo one vote fih every two ring recourse on any pretence what bare above two and not exceeding ten ever to the person or separate proper- one vote making live vote for tea tyof mi r svttt or future member of fhures for every four hare above tfcti this cmpau excent as aboveneu- and not exceeding thirty one vot lioncd and all suits lo be brought making ten votes for thirty lharcs ir against this company if any shall be every fix fhatt above thirty and not shall be biought against the president exceeding fixty one vote talking forthe time being and in case of his fifteen votes for fixty harem and for death oi removal from office pending every eight hares above fixty and not any suit against hinu measures shall be exceeding one hundred one vote taken at 1 ho expellee of the company making twenty votce for one bundled for substituting his uccessor iu office but no pcrfon of puions co-prtrtr- as u defendant so that persons having hip body politic oi copoatt fhall be demands upon the company may not entitled to a greater rmmbet than be prejudiced ordolayedb that event twenty votes and all lock hold or il the person juing shall jjm on u- reiident within ibis province or clfej aiust the person first named as defen- where may vote by proxy if he hr fltttit notwithstanding li- death or re- or thry hall fee fit provided that fuch inoval iron office this company shall proxy be a flock holder and do produce take no advantage of such proceeding a fufficient authority f nm lov iwi on that account and all nevveries fn or conftitueiits fir fo reprefentinj had iu manner aforesaid shall be con- and voting for him lit or ihem pio- elusive upon the company o far a- vided alfo that after the firft election of to render the companys said joint dircctiirs no lhareor fhare of tbr r-pi- itvwk or properly liabl tihiwby uuj tl flock uf the company fliall conftf m

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