No. XXIV.
An Act to amend an Act int i tuled " An Act to
''provide for the periodical publication of Liabi- " litics and Assets of Banks in New South Wales " and its Dependencies and the Registration of
| " the names of the Proprietors | thereof" | [2G£// |
| May, 1842.] |
| WH E R E A S by an Act or Ordinance of t h e Governor and Legis | lat ive Council of N e w Sou th Wales passed in t h e four th | year |
| of t he re ign of H e r Majesty Queen Victoria in t i tu led " An Act | to pro- |
| " vide for the periodical | publication | of Liabilities | and Assets of Banks |
| " in New South Wales and its Dependencies | and the Registration | of the |
" names of the Proprietors thereof' i t is among other t h ings enac ted " Tha t every person whose n a m e shal l be so recorded as aforesaid shall " be considered t aken and held to be a member or propr ie tor of t he " b a n k i n g company or firm in which his or her n a m e shall be so re- " corded as aforesaid a n d shall be liable to be sued as such un t i l a new " l ist of t h e names of the members or propr ie tors of such b a n k i n g " company or firm shall be recorded as aforesaid or u n t i l he or she " shall have given not ice in t h e N e w South W a l e s Government Gazelle
| " of | his or her re t i rement from | such b a n k i n g company or | firm |
" provided however t ha t n o t h i n g there in conta ined shall be deemed " or cons t rued to absolve any person from l iabil i ty on account of any " debts incur red by any such b a n k i n g company or firm dur ing the " t ime such person remained a m e m b e r or propr ie tor thereof or to " render any individual propr ie tor or member of any b a n k i n g company " or firm established by Roya l Char te r l iable for any debts incur red " by t h e same except so far as he or she may be l iable unde r t he provi- " sions of such char t e r " and whereas it is expedient t h a t t he exception contained in t h e above provision in favour of t he l imi ted l iabil i ty conferred by Roya l Char te r should be extended to le t ters pa t en t as
| wel l as char te r s in order t h a t t he power | of H e r | Majesty | of | g r a n t i n g |
| t he pr ivi lege of | l imi ted l iabil i ty by le t ters pa t en t according to t he Ac t |
in such case m a d e a n d provided m a y not be d iminished or res t ra ined Be i t therefore enacted by H i s Excel lency t h e Governor of N e w South W a l e s w i th t he advice of t he Legislat ive Counci l thereof Tha t from a n d after t h e pass ing of th i s A c t no individual propr ie tor or member of any b a n k i n g company or firm establ ished by le t ters pa t en t shall be l iable for any debts incur red by such company or firm except so far as he or she may be l iable unde r t he provisions or condit ions of such