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Bank empowered to increase their capital by one million additional stock.
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3. And . . . it shall and may be lawful for the said governor and company of the Bank of Ireland, and they are hereby authorized and empowered, so soon as they shall think proper, to receive subscriptions from any person or persons, natives or foreigners, bodies politick or corporate, for enlarging their capital stock or fund of one million five hundred thousand pounds, so as to make the whole capital stock the sum of two millions five hundred thousand pounds, and for providing a further sum of two hundred and fifty thousand pounds towards completing the afore-mentioned sum of one million two hundred and fifty thousand pounds, provided the whole thereof shall be subscribed and paid on or before the twenty-fourth day of June one thousand eight hundred and nine, which subscriptions shall be made at the rate of one hundred and twenty-five pounds, Irish currency, for every one hundred pounds of such additional stock; and the money for such additional stock shall be paid in such manner and form and by such instalments or proportions as the court of directors of the said bank shall from time to time appoint, so as that the whole of the said subscription shall be subscribed and paid on or before the said twenty-fourth day of June one thousand eight hundred and nine; and [Rep. 35 & 36 Vict. c. 97. (S.L.R.)] the capital stock of one million subscribed and paid for shall from and after the time of such payment be deemed and taken as and for a part of the capital stock of the said corporation; and the subscribers thereto, from and after the time of making full payment for such additional stock, and their respective executors, administrators, and assigns shall at all times be members of the said corporation, and incorporated therein, and shall be entitled unto, and have, hold, and enjoy all benefits, privileges, advantages, and immunities, and be subject and liable to all regulations, rules, and orders to which the present stockholders and members of the said corporation in respect of the stock held by and belonging to them are respectively entitled, subject, and liable unto by the said several Acts of Parliament herein-before recited, or by any other Act or Acts of Parliament, grants or charters whatsoever now in force, or by any byelaw of the said corporation or otherwise howsoever; and the said additional stock shall be transferable and assignable in like manner, and the proprietors and holders thereof shall hold their respective shares of the said additional stock in like manner as the respective stockholders of the said corporation now do and hereafter shall hold and enjoy the respective sums belonging to them in the present capital stock of the said corporation; and the same shall in all respects be consolidated and united as one joint stock.
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