Taxation, etc. (No. 2) Act 1695

XII. The King, by Letters Patent, may incorporate Subscribers by the Name of the Governor and Company of the National Land Bank;

who may sue and be sued, &c. and make By-Laws.

And be it further enacted That it shall and may be lawfull for His Majesty by Letters Patents under the Great Seale of England to incorporate all and every the Subscribers and Contributors of Land and Money their Executors Successors and Assigns to be one Body Corporate and Politick by the Name of The Governour and Company of the National Land Bank and by the same Name of the Governour and Company of the National Land Bank to have perpetual Succession and a Co[m]mon Seale and that they and their Successors by the Name aforesaid shall be able and capable in Law to have purchase receive enjoy possesse and retaine to them and their Successorors any Lands Rents Tenements and Hereditaments of what Kind Nature Quality or Value soever without any further Licence and alsoe to sell grant demise alien or dispose 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 elsewhere and to make By-Laws and Ordinances for the better Regulation and Government of the said Corporation as they shall think fitt and to doe and execute all and singuler other Matters and Things by the Name aforesaid That to them shall or may appertaine to doe.