Section 5. All the property, moveable and immoveable, and all the securities, claims and demands, and the benef

Chapter VIII: . BUSINESS. 36. The Bank is authorized to carry on and transact the several kinds of business hereinafter specified (that is to say): | Section 5: bullion or other goods which, or the documents of title to which, are deposited with, or assigned to, the Bank as security for such advances, loans or credits; and 5. bullion or other goods which, or the documents of title to which, are deposited with, or assigned to, the Bank as security for such advances, loans or credits; and 5. All the property, moveable and immoveable, and all the securities, claims and demands, and the benefits of all agreements, of or to which the present Banks are or shall be respectively possessed or entitled, or which shall, or but for this Act might be, on the said first day of May 1876, or might at any time thereafter have been, due to, or claimed by, the said Banks respectively shall, by virtue of this Act, become vested in and devolve upon, and may be claimed, made and recovered by, in the case of the said Bank of Bengal,—the Bank of Bengal as constituted by this Act, in the case of the said Bank of Madras,—the Bank of Madras as constituted by this Act, and in the case of the said New Bank of Bombay, Limited,—the Bank of Bombay as constituted by this Act; Claims against present Banks. and the Bank shall, from and after the said first day of May 1876, be liable and subject to all debts, claims and demands which shall then be due or claimable from, or which, but for this Act, might be then, or might at any time thereafter, have been due or claimable from or made against the said Bank of Bengal, Bank of Madras or New Bank of Bombay, Limited, as the case may be, and no suit or legal proceeding then pending by or against the said Bank of Bengal, Bank of Madras or New Bank of Bombay, Limited, shall cease, or abate, or become defective, in consequence of this Act, but may be continued and prosecuted by or against the Bank. New Bank of Bombay, Limited, wound-up. 5. Decision by majority of votes. Presidency Banks. [ACT XI section thirteen and in section twenty-seven, clause 4, is specially provided, Persons not allowed to vote. and no person shall be allowed to vote at any such meeting in respect of any stock or share acquired by transfer, unless such transfer shall have been completed and registered at least three months before the time of such meeting. Share-holders in arrear as to calls. And no shareholder shall be entitled to vote at any meeting in respect of any shares held by him alone or jointly, whilst any call due from him alone or jointly remains unpaid. Power to declare resolution carried by show of hands.