MALLEABLE IRON. 16th VICTORIA-CHAPTER 46. An Act to authorize the granting Letters Patent for the manufacture of Malleable Iron from the Ore. 1. Letters Patent, when and to whom granted. 2. Benefit of Patent. Passed 3rd May 1853. WHEREAS one John Cairns, of Dundas, in the County of Kent, has made application to the Government to obtain Letters Patent for an improved mode of smelting and manufacturing malleable or bar iron from the ore without reducing it to pig iron: And whereas under the present Law the Government is not authorized to grant Letters Patent to any but the original inventor or assignee of the whole Patent: And whereas the said John Cairns alleges that he is the proprietor of a share in a Patent taken out in Great Britain by one William Neale Clay, for such process, which has not been worked under in consequence of the death of the original inAnd whereas the benefits of such process cannot be obtained unless such Patent be granted to the said John Cairns ; ventor: Be it enacted, &c.-1. The Lieutenant Governor in Council be and he is hereby authorized and empowered to grant letters patent to the said John Cairns, and to all or any other proprietor of said patent so granted in Great Britain, or his representative or assignee, when any such person or assignee may apply for the same, for the said process of smelting and manufacturing malleable or bar iron direct from the ore, if upon his application it be made to appear to the satisfaction of His Excellency in Council, that a cheaper or better material can be thus obtained, and private rights not be interfered with. 2. The patent so granted is not to be of longer duration than ten years, and is to be subject to the same provisions, and entitled to all the benefits of protection in this Province, as if the said John Cairns had been the original inventor; provided always, that the Lieutenant Governor in Council may at the time of granting such letters patent, make such further conditions or provisions for the regulation of such patent, or the protection of the public interest, or the rights of individuals, as may be deemed necessary, in order that the other proprietors or joint owners, or their representatives, may have the like advantage of the said patent when granted; and the patent shall not issue until the provisions of any law in force at the time of such issue, relating to the assignee of any patent obtained in any other country, are complied with. BANKS. 60th GEORGE 3rd-CHAPTER 13. An Act to incorporate sundry persons by the name of the President, Directors, and Company of the Bank of New Brunswick. 17. Shares assignable. 4. General meeting when may be called, and 20. Notes, form of. WHEREAS it is thought that the establishment of a Bank at the City of Saint John, would promote the interests of the Province, by increasing the means of circulation ; Be it enacted, &c.-1. The Honorable John Robinson, the Honorable William Black, the Honorable Samuel D. Street, Henry Wright, Hugh Johnston, Thomas Millidge, Nehemiah Merritt, Ward Chipman, Junior, Zalmon Wheeler, Robert Pagan, Peter Fraser, Harry Peters, John Campbell, Charles I. Peters, Henry Smith, Mark Needham, Thomas Wyer, Junior, Christopher Scott, Elijah Miles, and William Botsford, their associates, successors, or assigns, be and they are hereby declared to be a body corporate, by the name of "The President, Directors, and Company of the Bank of New Brunswick," and they shall be persons able and capable in law to have, get, receive, take, possess, and enjoy houses, lands, tenements, hereditaments, and rents, in fee simple or otherwise, and also goods and chattels, and all other things real, personal, or mixt, and also to give, grant, let, or assign the same, or any part thereof, and to do and execute all other things in and about the same, as they shall think necessary for the benefit and advantage of the said Corporation; and also that they be persons able and in law capable to sue and be sued, plead and be impleaded, answer and be answered unto, defend and be defended, in any Court or Courts of law and equity, or any other places whatsoever, in all and all manner of actions, suits, complaints, demands, pleas, causes, and matters whatsoever, in ast full and ample a manner as any other person or persons are ir law capable of sueing and being sued, pleading and of being impleaded, answering and of being answered unto, and also that they shall have one common seal to serve for the ensealing of all and singular their grants, deeds, conveyances, contracts, bonds, articles of agreement, assignments, powers and warrants of attorney, and all and singular their affairs and things touching and concerning the said Corporation; and also that they, the President, Directors, and Company, or the major part of them, shall from time to time and at all times, have full power, authority, and licence to constitute, ordain, make, and establish such laws and ordinances as may be thought necessary for the good rule and government of the said Corporation; provided that such laws and ordinances be not contradictory or repugnant to the laws or statutes of that part of the United Kingdom of Great Britain and Ireland called England, or repugnant and contrary to the laws and statutes of this Province. 2. Repealed by 2 G. 4, c. 20. 3. The said Corporation shall have full power and authority to take, receive, hold, possess, and enjoy, in fee simple, any lands, tenements, real estates, and rents, to any amount not exceeding three thousand pounds; provided nevertheless, that nothing herein contained shall prevent or restrain the said Corporation from taking or holding real estate to any amount whatsoever by mortgage, taken as collateral security for the payment of any sum or sums of money advanced by, or debts due to the said Corporation; provided further, that the said Corporation shall on no account lend money upon mortgage, or upon lands or other fixed property, nor such be purchased by the said Corporation upon any pretext whatsoever, unless by way of additional security for debts contracted with the said Corporation in the course of its dealings. 4. Whenever three hundred shares shall have been subscribed of the said capital stock, a general meeting of the members and stockholders of the said Corporation, or the major part of them, shall take place by notice in one or more of the public Newspapers thirty days previous to such meeting, for the purpose of making ordinary and establishing such bye laws, ordinances, and regulations for the good management of the affairs of the said Corporation, as the members and stockholders of the said Corporation shall deem necessary, and also for the purpose of choosing thirteen Directors, being stockholders and members of the said Corporation, under and in pursuance of the rules and regulations hereinafter made and provided; which Directors so chosen shall serve until the tannual meeting for choice of Directors, and shall have full r and authority to manage the concerns of the said Corion, and shall commence the operations of the said Bank, et nevertheless to the rules and regulations hereinafter and provided; at which general meeting, the members Stockholders of the said Corporation, or the major part of m, shall determine the amount of payments to be made on each share, also the mode of transferring and disposing of the stock and profits thereof, which being entered on the books of the said Corporation, shall be binding upon the said stockholders, their successors, and assigns. 5. There shall be a general meeting of the stockholders and members of the said Corporation, to be annually holden on the first Monday in May in each and every year, at the City of Saint John; at which annual meeting there shall be chosen by a majority of the said stockholders and members of the said Corporation, thirteen Directors, who shall continue in office for one year, or until others are chosen in their room; in the choice of which Directors, the stockholders and members of the said Corporation shall vote according to the rule hereinafter mentioned; and the Directors when chosen, shall at their first meeting after their election, choose out of their number a President; provided always, that seven of the Directors in office shall be re-elected at such annual meeting for the next succeeding twelve months, of which the President shall always be one. 6. The Directors for the time being shall have power to appoint such officers, clerks, and servants, as they or the major part of them shall think necessary for executing the business of the said Corporation, and shall allow them such compensation for their respective services, as to them shall |