Be it therefore enacted, &c.-1. The stockholders of the said Bank are hereby authorized and empowered from time to time hereafter, at any general meeting or meetings for that purpose to be called, to increase the capital stock of the said Bank by such amounts not less at one time than twenty five thousand pounds, nor more in all than one hundred thousand pounds, in addition to the present capital, as they, by a majority of votes taken at such meeting or meetings, may deem expedient; which additional stock shall be divided into shares of fifty pounds each, and shall be sold in the manner hereinafter provided, and the amount so sold from time to time, in addition to the present capital, shall be the capital stock of the said Bank; provided always, that no sale of such additional stock shall be made after the expiration of five years from the passing of this Act.

2. The additional shares shall be sold and disposed of at public auction to the highest bidder, at such times and places as the stockholders of the said Bank, by a majority of votes at such general meeting or meetings aforesaid, shall appoint, thirty days notice of such sales respectively being first given in at least three public Newspapers published in this Province.

3. Ten per cent. of the additional shares which may be sold from time to time as aforesaid, with the advance or premium thereon, if any, shall be paid by the purchasers at the times of such sales respectively, and the remainder thereof shall be paid into the said Bank within one month after the sale thereof, and the whole of such advance or premium, if any, shall be carried to account of and deemed to be a portion of the profits of the Bank; and banking operations may take place upon each respective amount of such additional stock so called in, when the Directors of the said Bank, or a majority of them, together with the Cashier of the said Bank, shall have signed and verified by oath, and filed in the Office of the Secretary of the Province, a certificate that such amount of capital stock at any time called in, has actually been paid into the said Bank in current gold and silver coins of the Province, and not before.

4. In case of default of payment of any of the said shares, and of the advance or premium at which they may have been sold, such shares and premium, together with the said instalment of ten per cent. so paid in on such shares, shall be for

feited; and it shall and may be lawful for the Directors of the said Bank for the time being, forthwith to sell and dispose of the said shares so forfeited at their discretion, either by public auction or private sale, and any advance or premium thereon shall be carried to account in the manner before mentioned.

5. The additional shares in the capital or stock created by this Act, shall be subject to all the rules, regulations, bye laws, and provisions to which the present stock is subject or may hereafter be subject by any law of this Province.

6. In order to facilitate the business of the said Bank, it shall be lawful for the Cashier from time to time hereafter, by and with the consent of the Directors, or a majority of them, to nominate and appoint a deputy or assistant for the purpose of countersigning and attesting the bills or notes to be issued by the said Bank; and all bills or notes countersigned and attested by the person so appointed, shall be equally binding on the Corporation of the said Bank as if the same were duly countersigned and attested by the Cashier in person.

7. So often as such Cashier, by and with the consent aforesaid, shall nominate and appoint such deputy or assistant for the purposes contained in the preceding Section, it shall be the duty of the said Directors, and they are hereby required to transmit to the Office of the Provincial Secretary, a copy of the minutes or resolution of the said board making and sanctioning such appointment, under the seal of the Corporation of the said Bank, notice of which shall be inserted for three successive weeks in the Royal Gazette for the information of the public.

8. The Act incorporating the said Bank, and the several Acts subsequently made relating thereto, except as altered or amended by this or any previous Act, or as the same may hereafter be altered or amended, and also the provisions of this Act, shall further continue and be in force until the first day of May which will be in the year of our Lord one thousand eight hundred and eighty.

17th VICTORIA-CHAPTER 54.

An Act in further amendment of and addition to an Act intituled An Act to incorporate sundry persons by the name of the President, Directors, and Company of the Central Bank of New Brunswick.

Be it enacted, &c.-1. The stockholders of the said Bank may, by a majority of votes, at any general or special meeting or meetings to be called for that purpose, increase the capital stock of the Bank from time to time to the extent in the whole of one hundred thousand, pounds, such additional stock to be divided into shares of twenty five pounds each, and to be subject to all the rules, regulations, provisions, and conditions applicable to the present capital stock; provided that at no one of such meetings shall the additional stock exceed the sum of twenty thousand pounds.

2. The Directors shall in their discretion offer the increased stock at public auction, in the manner, at the times, and subject to such conditions as they may think fit; provided that they may in a like discretion, and in the mode to be determined upon by the board, appropriate and set apart the sum of five thousand pounds of such additional stock at each new creation, to fixed residents of the County in which an agency of the said Bank is now or may be hereafter established, or of the adjoining County, either at par or at such moderate premium as the Directors may deem fair and equitable; provided also, that no one person shall be allowed to take as last aforesaid more than five hundred pounds of such additional stock, and that the same must be paid up within thirty days, agreeably to a notice to be published in any two Papers of this Province by the Directors.

3. The advance or premium, if any, arising from the sale or disposal of the additional stock, after deduction of necessary expenses, shall be deemed to be a portion of the profits of the Bank.

4. Banking operations shall not take place upon any additional stock so created, until the Directors or a majority of

them, together with the Cashier of the said Bank, have signed, verified under oath, and filed in the Provincial Secretary's Office, a certificate that the amount of additional stock at any time called in, has been paid into the Bank in gold and silver coins current in the Province.

5. Six only of the nine Directors of the said Bank shall necessarily be resident in the County of York, and the whole number shall at all times be re-eligible to office as Directors.

6. The amount of real estate which may be held by the said Bank in fee simple, is hereby extended to the sum of five thousand pounds, provided the same be required and used for the purpose of Bank establishments only.

WATER COMPANIES.

2nd WILLIAM 4th-CHAPTER 26.

An Act to incorporate sundry persons by the name of The Saint John Water Company,

WHEREAS it is thought the establishment of a Water Company in the City of Saint John would promote the interest and convenience of the inhabitants of the City of Saint John, by increasing and facilitating the means of procuring water therein;

Be it enacted, &c.-1. The Honorable William Black, Nehemiah Meritt, James White, John Ward, George D. Robinson, Thomas Barlow, Hugh Johnston, John M. Wilmot, James Hendrick, Thomas Millidge, Robert W. Crookshank, Zalmon Wheeler, Robert Parker, William B. Kinnear, Richard Sands, Lauchlan Donaldson, Charles Simonds, James T. Hanford, William Leavitt, and Noah Disbrow, their associates, successors, and assigns, be and they are hereby declared to be a body corporate, by the name of "The Saint John Water Company;" and they shall be persons able and capable in law to have, get, receive, take, possesss, 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 mixed, 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, 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 or equity, or other places whatsoever, in all and all manner of actions, suits,