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Rh each. The proprietors are further empowered to raise a further sum of £15,000, on mortgage of the canal and tolls, or they may borrow the above sum, or any part of it, on promissory notes, under the common seal; or they may borrow exchequer bills of the commissioners for carrying into execution an act of George III, for authorizing the issue of exchequer bills for carrying on of public works, &amp;c.

The management of this concern is in the hands of twelve of the company, who are chosen annually, five of whom are em powered to act.