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lord_n john_n thomas_n walter_n 10,624 5 10.8396 5 false
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ID Title Author Corrected Date of Publication (TCP Date of Publication) STC Words Pages
A58575 Act of Parliament for erecting a bank in Scotland Edinburgh, July 17, 1695. Scotland. 1695 (1695) Wing S1128; ESTC R232205 5,576 9

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act_z of_o parliament_n for_o erect_v a_o bank_n in_o scotland_n edinburgh_n july_n 17._o 1695._o our_o sovereign_a lord_n consider_v how_o useful_a a_o public_a bank_n may_v be_v in_o this_o kingdom_n according_a to_o the_o custom_n of_o other_o kingdom_n and_o state_n and_o that_o the_o same_o can_v only_o be_v best_o set_v up_o and_o manage_v by_o person_n in_o company_n with_o a_o joint_a stock_n sufficient_o endue_v with_o these_o power_n and_o authority_n and_o liberty_n necessary_a and_o usual_a in_o such_o case_n have_v therefore_o allow_v and_o with_o advice_n and_o consent_n of_o the_o estate_n of_o parliament_n allow_v a_o joint_a stock_n amount_v to_o the_o sum_n of_o twelve_o hundred_o thousand_o pound_n money_n to_o be_v raise_v by_o the_o company_n hereby_o establish_v for_o the_o carry_v on_o and_o manage_v of_o a_o public_a bank_n and_o further_a statute_n and_o ordain_v with_o advice_n foresay_a that_o the_o person_n under-named_n viz._n mr._n william_n areskine_n son_n to_o the_o lord_n cardross_n sir_n john_n swinton_n of_o that_o ilk_fw-mi sir_n robert_n dickson_n of_o sornebeg_n mr._n george_n clark_n junior_n and_o mr._n john_n watson_n merchant_n in_o edinburgh_n mr._n james_n fowll_v mr._n john_n holland_n mr._n david_n nairn_n mr._n walter_n stewart_n mr._n hugh_n frazer_n mr._n thomas_n couts_n and_o mr._n thomas_n dean_n merchant_n in_o london_n or_o any_o three_o of_o they_o and_o in_o case_n of_o the_o decease_n of_o any_o of_o they_o the_o person_n to_o be_v choose_v by_o the_o surviver_n shall_v have_v power_n to_o appoint_v a_o book_n for_o subscription_n of_o person_n either_o native_n or_o foreigner_n who_o shall_v be_v willing_a to_o subscribe_v and_o pay_v in_o to_o the_o say_v joint_a stock_n which_o subscription_n the_o foresaid_n person_n or_o their_o quorum_fw-la be_v hereby_o authorise_v to_o receive_v in_o the_o foresay_a book_n which_o shall_v lie_v open_a every_o tuesday_n or_o friday_n from_o nine_o to_o twelve_o in_o the_o forenoon_n and_o from_o three_o to_o six_o in_o the_o afternoon_n betwixt_o the_o first_o day_n of_o november_n next_o and_o the_o first_o day_n of_o january_n next_o follow_v in_o the_o public_a hall_n or_o chamber_n to_o be_v appoint_v in_o the_o city_n of_o edinburgh_n and_o therein_o all_o person_n shall_v have_v liberty_n to_o subscribe_v for_o such_o sum_n of_o money_n as_o they_o shall_v think_v fit_a to_o adventure_v in_o the_o say_v joint_a stock_n one_o thousand_o pound_n scot_n be_v the_o low_a sum_n and_o twenty_o thousand_o pound_n scot_n the_o high_a and_o the_o two_o three_o part_n of_o the_o say_a stock_n belong_v always_o to_o person_n reside_v in_o scotland_n likeas_n each_o and_o every_o person_n at_o the_o time_n of_o his_o subscribe_v shall_v pay_v into_o the_o hand_n of_o the_o forename_a person_n or_o any_o three_o of_o they_o ten_o of_o the_o hundred_o of_o the_o sum_v set_v down_o in_o their_o respective_a subscription_n towards_o the_o carry_n on_o the_o bank_n and_o all_o and_o every_o the_o person_n subscribe_v and_o pay_v to_o the_o say_a stock_n as_o aforesaid_a shall_v be_v and_o hereby_o declare_v to_o be_v one_o body_n corporate_a and_o politic_a by_o the_o name_n of_o the_o governor_n and_o company_n of_o the_o bank_n of_o scotland_n under_o which_o name_n they_o shall_v have_v perpetual_a succession_n and_o shall_v have_v a_o common_a seal_n and_o their_o successor_n by_o the_o name_n foresay_a shall_v be_v able_a and_o capable_a to_o purchase_v and_o enjoy_v as_o also_o to_o give_v grant_v alienate_v and_o dispose_v of_o land_n tenement_n and_o all_o other_o heritage_n as_o likewise_o of_o all_o sum_n of_o money_n and_o other_o movable_a good_n and_o gear_n whatsoever_o and_o further_o to_o do_v and_o execute_v all_o other_o thing_n which_o any_o other_o company_n or_o body_n corporate_a can_v or_o may_v lawful_o do_v or_o execute_v and_o that_o as_o ample_o and_o full_o as_o if_o the_o several_a matter_n and_o thing_n be_v particular_o set_v down_o in_o this_o act._n and_o for_o the_o better_a order_n and_o manage_n of_o the_o affair_n of_o the_o say_a bank_n it_o be_v hereby_o further_o statute_n and_o ordain_v that_o there_o shall_v be_v for_o ever_o a_o governor_n deputy-governor_n and_o twenty_o four_o director_n to_o be_v elect_v and_o choose_v as_o hereafter_o be_v appoint_v who_o or_o any_o seven_o of_o they_o hereby_o declare_v to_o be_v their_o quorum_fw-la shall_v have_v the_o management_n and_o direction_n of_o the_o say_a bank_n which_o person_n viz._n governor_n deputy-governor_n and_o twenty_o four_o director_n be_v to_o be_v choose_v in_o this_o manner_n viz._n that_o within_o the_o three_o month_n after_o the_o foresay_a subscription_n be_v end_v the_o person_n particular_o abovenamed_a or_o any_o two_o of_o they_o shall_v appoint_v a_o certain_a day_n and_o make_v due_a intimation_n of_o the_o same_o that_o such_o and_o so_o many_o of_o the_o adventurer_n and_o none_o other_o as_o 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continue_v in_o their_o respective_a office_n until_o the_o next_o election_n of_o their_o successor_n which_o next_o election_n shall_v be_v make_v within_o thirty_o day_n after_o the_o expiration_n of_o a_o whole_a year_n from_o the_o former_a election_n by_o the_o majority_n of_o the_o vote_n of_o the_o member_n who_o be_v to_o be_v qualify_v and_o their_o vote_n reckon_v in_o manner_n abovementioned_a and_o so_o forth_o the_o say_a governor_n deputy-governor_n and_o director_n to_o be_v choose_v from_o year_n to_o year_n and_o if_o any_o of_o they_o happen_v to_o decease_n before_o the_o expiration_n of_o his_o time_n than_o the_o member_n and_o the_o company_n qualify_v as_o aforesaid_a shall_v elect_v in_o manner_n abovementioned_a another_o fit_a person_n in_o the_o room_n and_o to_o the_o office_n of_o the_o decease_a who_o be_v to_o officiate_v for_o the_o remainder_n of_o his_o time_n and_o further_o the_o governor_n or_o his_o deputy_n and_o any_o three_o of_o the_o 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