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Bank of England Act 1696
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LI.Present Governor and Directors to continue till 24th June 1697.
Afterwards a General Court to be held for electing a new Governor and 24 Directors.
Provided also and be it enacted by the Authority aforesaid That the p[er]sons who are att present Governor Deputy Governour and Directors of the Bank of England shall continue in their respective Offices until the said Foure and twentieth Day of June One thousand six hundred ninety seven and until others shall be duely chosen and sworne in their Places and that betweene the said Foure and twentieth Day of June and the Foure and twentieth Day of July next ensuing a general Court of the Persons [X1then] interested in the said Corporation shall be su[m]moned and held and then and there by [X1the] Majority of the said Members present a new Governour Deputy Governour and Foure & twenty Directors (of which Number there shall not be above Two thirds of such Persons who were Directors the preceeding Yeare) shall be chosen who shall continue in their respective Offices until the Five and twentieth Day of March One thousand six hundred ninety eight and until others shall be duely chosen and sworne in their Places according to the Times prescribed by their present Charter and under such Regulations as are directed by this Act.
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X1interlined on the Roll.
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