Bank of Ireland Act, 1781

His Majesty, heirs and successors, by letters patent may limit how, &c. said sum of 600,000l. or any part thereof may be assigned, &c. and to incorporate said subscribers, their executors, &c. a body politick and corporate, by the name of the Governor and Company of the Bank of Ireland, to have perpetual succession,

purchase, plead, &c. by said name, subject to proviso of redemption herein after.

III. And be it further enacted by the authority aforesaid, That it shall and may be lawful to and for your Majesty, your heirs and successors, by letters patent under the great seal of Ireland, to limit, direct, and appoint, how and in what manner and proportions, and under what rules and directions the said sum of six hundred thousand pounds sterling, and every or any part or proportion thereof, may be assignable or transferable, assigned or transferred to such person or persons only as shall freely and voluntarily accept of the same, and not otherwise, and to incorporate all and every such subscribers and contributors, their executors, administrators, successors, or assigns, to be one body politick and corporate, by the name of the Governor and Company of the Bank of Ireland; and by the same name of the Governor and Company of the Bank of Ireland, to have perpetual succession, and a common seal; and that they and their successors, by the name aforesaid, shall be able and capable in law, to have, purchase, receive, possess, enjoy, and retain to them, and their successors, lands, rents, tenements and hereditaments of what kind, nature, or quality soever, and also to sell, grant, alien, demise, or dispose of the same; and by the same name to sue and implead, and be sued and impleaded, answer and be answered in courts of record, or any other places whatsoever, and to do and execute all and singular other matters and things by the name aforesaid, that to them shall or may appertain to do, subject nevertheless, to the proviso or condition of redemption herein after mentioned.