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BANK OF IRELAND ACT 1821 - SECT 3

Capital stock of the Bank to be extended from #2,500,000 to #3,000,000.

3. In consideration of the said advance of five hundred thousand pounds for
the public service as aforesaid, the capital stock of the Bank of Ireland
shall be and the same is hereby increased and extended from the sum of two
millions five hundred thousand pounds Irish currency, of which the same now
consists, to the sum of three millions Irish currency, making an increase or
addition of five hundred thousand pounds capital stock; and the said sum of
five hundred thousand pounds capital stock shall be appropriated and divided
amongst the several persons, bodies politic and corporate, who shall be
proprietors of the capital stock of the Bank of Ireland on the twenty-fourth
day of June one thousand eight hundred and twenty-one, at the rate of twenty
pounds for every one hundred pounds of bank stock of which such persons,
bodies politic and corporate shall then be respectively proprietors, or which
they shall have standing in their respective names in the books kept by the
Bank of Ireland for the entry and transfer of such stock, and so in proportion
for a greater or lesser sum; and such division and appropriation shall be
placed to the credit of the respective names of such persons, bodies politic
and corporate, in the books of the said governor and company accordingly; and
all such persons, bodies politic and corporate shall, from the time of such
division and appropriation, be lawfully entitled to the additional sum of bank
stock so placed in or to the credit of their respective names, and shall
respectively be entitled to be paid the same rate of dividend thereon, and to
possess and enjoy the same profits, privileges and advantages in respect
thereof, in like manner to all intents and purposes as they are or shall be
entitled to be paid, possess, and enjoy, in respect of the bank stock which
shall stand in their respective names previous to the said twenty-fourth day
of June one thousand eight hundred and twenty-one.

© 1821 Crown Copyright

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