Bank of Madras Act, 1843, 9 of 1843 (Rep., Act 5 of 1862)

Section XXXIII. And it is hereby enacted, that the said Bank of Madras may issue Promisesory Notes payable either on

Repealed or not in force · As amended up to 2026-08

XXXIII. And it is hereby enacted, that the said Bank of Madras may issue Promisesory Notes payable either on demand, or at a date not exceeding thirty days after sight, which Notes shall and may be signed on behalf of the said Bank by such person as the Directors of the said Bank may appoint or authorize in that behalf, provided always that the total amount of such Notes in circulation at any one time shall not exceed One Crore of Rupees, and provided also that no such Note shall be for a smaller amount than Ten Rupees.

Source: India Code