City Bank Act Extension Act of 1905 (NSW)

Aii Act to continue for a further term of twenty- one years the provisions of the City Bank Act, whereby The City Bank of Sydney as thereby incorporated was empowered to make, issue, circulate, and re-issue bank notes or bills.

[8th September, 1905.]

WH E R E A S A c t t h e p r o v i s i o n s t h e r e i n c o n t a i n e d for e m p o w e r i n g T h e C i t y

b y t h e t e r m s of t h e s e v e n t h s e c t i o n of t h e C i t y B a n k

B a n k t o m a k e , i s sue , c i r c u l a t e , a n d r e - i s s u e b a n k n o t e s o r b i l l s in

m a n n e r t h e r e i n p r o v i d e d w e r e t h e r e b y l i m i t e d to a t e r m of t w e n t y - o n e

y e a r s , t o c o m m e n c e a s t h e r e i n m e n t i o n e d : A n d w h e r e a s b y t h e f irs t

s e c t i o n	of	t h e C i t y	B a n k	A c t	E x t e n s i o n	A c t	of	18S4« t h e	sa id	p r o v i s i o n s
w e r e	e x t e n d e d	for	a	p e r i o d	of	t w e n t y - o n e	y e a r s	f r o m	t h e	p a s s i n g

t h e r e o f :  A n d w h e r e a s t h e sa id e x t e n d e d t e r m of t w e n t y - o n e y e a r s

w i l l s h o r t l y e x p i r e , a n d i t is e x p e d i e n t t o f u r t h e r e x t e n d t h e s a i d

p r o v i s i o n s : A n d w h e r e a s b y t h e f i rs t s e c t i o n of T h e C i t y B a n k of

S y d n e y A c t t h e n a m e of t h e sa id b a n k was c h a n g e d to T h e C i t y B a n k

of S y d n e y , a n d i t w a s e n a c t e d t h a t a l l t h e p r o v i s i o n s of t h e s a id f irs t

t w o r e c i t e d A c t s , e x c e p t so far a s t h e y w e r e a l t e r e d b y t h e s a id last,

r e c i t e d A c t , s h o u l d a p p l y to t h e sa id b a n k , a n d t h a t , s u b j e c t t o s u c h

c h a n g e of n a m e as a f o r e s a i d , t h e sa id t h r e e r e c i t e d A c t s s h o u l d b e

r e a d a s o n e A c t : B e i t t h e r e f o r e e n a c t e d b y t h e K i n g ' s Most ,

E x c e l l e n t M a j e s t y , by a n d w i t h t h e a d v i c e a n d c o n s e n t of t h e

L e g i s l a t i v e C o u n c i l a n d L e g i s l a t i v e A s s e m b l y of N e w S o u t h W a l e s in

P a r l i a m e n t a s s e m b l e d , a n d b y t h e a u t h o r i t y of t h e s a m e , a s fo l lows : —

1. T h e p o w e r s c o n f e r r e d u p o n T h e C i t y B a n k , n o w k n o w n as

T h e C i t y B a n k of S y d n e y , b y t h e s e v e n t h s ec t ion of t h e C i t y B a n k

A c t , a n d e x t e n d e d b y t h e C i t y B a n k A c t E x t e n s i o n A c t of 188-1, s h a l l ,

s u b j e c t t o t h e p r o v i s i o n s c o n t a i n e d i n t h e sa id f i r s t - m e n t i o n e d A c t a n d

A c t of 1 9 0 5 . " A n

in T h e C i t y B a n k of S y d n e y A c t , ho a n d t h e s a m e a r e h e r e b y f u r t h e r

e x t e n d e d , a n d s h a l l c o n t i n u e a n d r e m a i n in force for a t e r m of

t w e n t y - o n e y e a r s f r o m t h e c o m m e n c e m e n t of t h i s A c t .

2 . T h i s A c t m a y b e c i t e d a s t h e " C i t y B a n k Ac t E x t e n s i o n