ROYAL GAZETTE

4659

every discount day, as aforesaid, to r aid the name or names

contained in such delimpient sheet to the lliard ol‘ Direc- tors: and in case the name of any Director shall appear in such delinquent sheet, ei'her i s promisor, acceptor, endor- Scl‘ or surety, it is hereby declared illegal for such Di~ rector to sit at the loard to take part in the management of the all'airs ol' the said liank, during the continuance of such delinquency.

XXXV. [n the event of‘any Director Continuing a delin- quent, as ahiresaid, for ninety consecutive days, at any one time, such continued delinquency shall disqualify such Di- rector from holding his seat ; and it shall be the duty of the President and other Directors, forthwith, to proceed in lill- ing up the vacancy in the manner prescribed in the [bur- teenth section of this Act, as in the case of death or absence from the lsland.

XXXVI. No action shall be brought or maintained upon any Dank Bill or Bank Note, which shall be issued by the said Corporation, before such bill or note shall have been presented at the Bank for payment, and default in payment shall thereupon take place.

XXXVII. All and every the shares in the Capital Stock of the said Bank, and all proﬁts and advantages of such

shares respectiver shall be deemed and considered to be of'

the nature of, and shall be personal estate, and transmis- sible as such accordingly.

XXXVIII. The shares in the Capital Stock of the said Bank, shall be liable to be seized and taken in Execution, and sold in like manner with other personal property: Pro- vided always, that the Sherilf or other ellicer, executing such execution, shall leave a Copy of such execution, certi- fied by the Sherili‘ or his Deputy, with the Cashier of the said Bank, and the shares in the Capital Stock of the said Bank, so liable to such execution, shall be deemed to be. seized in execution when such copy is so left. and the sale shall be made within thirty days after such seizure ; and on production of a Bill of Sale from the Sherili‘. the Cashier oi the said Bank shall transfer the number of shares soul under such execution to the purchaser or purchasers there- of, and such transfer shall be valid and cllectual, notwith- standing there may be any debt due to the said Dank f'rom the person or persons whose shares shall be seized and sold: Provided also, that the said Cashier, shall, upon the ex— hibiting to him 01' such certilied copy of the execution, be bound to give such Sherili’, or other oflicer, a certificate of the number ol'shares in the said Capital Stock, held by the judgment debtor named in such execution, and the shares ol‘ such judgment debtor, in such Capital Stock, shall be bound by such execution only from the time when such copy of the execution shall be so left with the Cashier.

XXXlX. .\nd in e: se it should hereafter be found neces- sary,.at any time after the payment in and certificate ol such first mentioned Capital, and within seven years from the tune ol' passing this Act, to increase the Capital Stock of the said Bank, the same may be ClllECtL‘ll by rcsolu [ion of‘ the Directors , er the major part of them, for the time being.sanet10ned and approved of by a majority of the votes of the shareholders present. in person or by proxy, at a general meeting con- Vt‘llCtl. after special notice ol the same, and its intended ob-

ject, such additional t‘ap;tal Stock may be. raised by the]

issue of additional shares. severally. ol' the valuebelbre men- tioned: Provided that the whole of such additioualstoek shall not exvecd seven thousand live hundred pounds, thereby making the amount ol' Capital Stock, ol' the said Dank, fil'teen thousand pounds, and in the whole six thousand shares.

Xli. Such additional shares shall be sold at Public Auc- tion, in separate lots of five shares each, at such time or times as the Directors shall appoint, but not less than five hundred pounds to be sold at any one time.

Kid. The said Directors shall give, at least, thirty days notice of the time of sale of' any such increasinl stock, in the Roi/(11 Gnu/{e newspaper. published in (-‘liarltrttetowp, in which notice shall be specified the time when such additional stock, with the advance in premium, will be renpiired to be paid into the said Bank.

XL”. The whole of such advance or premium. if any. [first deducting the charges ol‘ sale, shall be divided in ccpial 'proportions anion-.5 the shares in the stock of such Bank, as well the old as the new stock. and such dividend. of‘ the ’ said premium, shall be declared and paid by the directors immediately after the payment into the llauk of the purchase money of the said additional shares: and banking; operations may take place upon each respective amount of‘ such addi- tional Stock sold, as aforesaid, when the Directors, or a majority ol them, together with the Cashier ol' the said Bank. have signed and verified bv oath, and filed in the olliee ot the Colonial Secretary of this lsland, a certiﬁcate that such amount of (‘apital Stock, at anv time'called in, has actually been paid into the said llanh in current gold and silver coins of' this Island, and not before.

Xhlll. The said additional shares shall be subicct to all the rules, regulations and provisions to which tlre original stock is subject, or may hereafter be subject, by any law of this Island.

Xler. Suspension of specie payments on demand, at the Bank of the said Corporation, for ninety days within any one year, either consecutively, or at intervals, or other breach of the provisions herein contained, upon which the said Corpoation is mpowered to issue and circulate Pro- missory Notes, shall cause a forfeiture of the privileges herein contained, and the said privileges shall cease and determine upon such f'orfeiturcs as it the period for which this Act has been passed had expired.

XLV. This Act shall continue and be in force until the

B Y

nis EXCELLEXCY GEORGE DUNDAS, ESQUIRE,

Litul. Governor and Commmu/rr-in-Chief in (In/l crrr [Itr 31(005/‘1/5 Is/mu/ Prince Edward, (mil t/ie 'l'rvv'i/orics NINTH/ll!) {Io/on_//inf/, ('Iz/nu'e/Zin', l’z'r-z

Admiral (nu! Ordinary oft/w same, tj-c. cf'c. cS-i'. Ili-roaci-J DUNDAS, Lieut. Governor.

HEREAS the GeneralAssembly of this bland slandspro-

' rogued until \l'edncsday, the Twentieth day of June, inst:

I have thought fit, by and with the advice of Her Majesty’s

Executive Council, further to prorogue the said General Assembly, and the same is hereby prorogued untilL‘riday the 'l‘wentirth‘day of July next., of which all persons concerned are required to take notice and govern themselves accordingly.

Given under my hand and the Great Seal of this island, a? Charlottetown, in the said lsland, this lilth day of June. in the yearof our Lord One thousand eight hundred and sixty. six, and iq the 'l‘wenty-ninth year ol Iler Majesty’srcign

By Command, T. IlEATll ll.»\\'IL:\Nl),Co1. Secretary. (.‘on save 'rui: QUEEN.

ROAD (‘OJIPI‘L'SA'I‘I()N NOTICE. ‘ IlliltEAh‘ a Commission has, bt‘en issuml. directed to the R, Undersigned, whereby we are commander to estimate the damage or advantage that will accrue to the parties through whose land a certain New Line of lload is intended to pass, leading from Fortune Cove to Mill lload, Township No. --. Now We do here- by give public notice, to all parties Concerned, that we will cem- mence the execution of said Omniiission, by attending at tho Fortune Cove Bridge, on HONDA 1'. the lilth day of .ll'l.Y next, at the hour ol‘ 10 o'clock in the t‘oreneon of the. same day, and will proceed then and there to execute the said Commission LlCCM‘d- in g to Law. TliHRH." Ilol’uoc‘it), .l.\ )1 lCS L'OliSY'l‘ll, JAMES Slfvll’UJN, Caseumpec, Jane ll, 1*

2 Commissioners.

S

'l‘rernsnrcﬁs ()flice, lilth June, 1865. , AltllAN'l‘S from No. HTT, ot' the date of 2nd May. to No. 8'": i' l date of ltith Mav, lML‘r, both inclusive. will

l , (l he , . :be paid at the 'L‘rcasury on demand. together With the luteris;

llduc thereon. _ . , r ' GEORGE \l’l‘tilllll‘, l‘rersurer.

(3' cl