Page:Ruffhead - The Statutes at Large - vol 3.djvu/629

 A,D. i694' Anno ftxto &feptimoGu LIE LMi 111. C. 5. 573 ' V. Be it enabled by the King's mofi: Excellent Majefty, by and with the Advice and Confent of the Any Pcrfon Lords Spritual and Temporal, and the Commons, in this prefent Parliament aflembled, and by the Au- '■^^^'"Bi4l-_P':r ] thority of the fame, That it fliali and may be lawful to and for any Pcrfon or Perfons, Natives or Fo- "'"'■ ^"f^ reigners, being (as original Contributors, or by mefne Aflignments, or by other lawful Ways and Means) a a" mTy uj'rn" ' intituled to any Eftate for one Life (his own, or the Life of any other Perfon) of or in any Annuity pur- it'into an Eftate chafed or obtained upon the AiSts aforefaid, or any of them, at the faid Rates of one hundred Pounds for of 96 Vears fot €very fourteen Pounds /«■ ^«?K, fix hundred ninety-five, to advance and pay into the Receipt of hisMajefty's Exchequer^ 'fo much IVIoncy as ■every or any fuch Annuity, being computed for four Years and an half, doth or mall amount to (that is i to fay) Every fuch Perfon fhall or may pay to his Majefly's Ufe, for every Hundred Pounds that was paid j for the Angle Life in an Annuity of fourteen Pounds per Annum, the Sum of fixty-three Pounds more for < changing or converting the fame into a certain Term for the faid ninety-fix Years, or for a further Intereft, j to take EfFeft after the Eflate for Life, as aforefaid, and in the fame Proportion for higher or larger An- nuities ; and every fuch Perfon, on fuch Payment made, fhall immediately have one or more Taliey or Tallies, importing the Receipt of the Confideration Money fo paid, and upon every fuch Taliey there ' fliall be written proper Words purporting (at the Eleftion of the Contributor, or of the Perfon by him 'I authorized to pay in his P'/Ioney) that fuch Payment is made either in Confideration of changing and con- verting fuch his Annuity for Life into a certain and abfolute Eflate or Term for the faid ninety-fix Years, or elfe in Confideration of a like Annuity, to be payable to him or them, or to fuch as he or they fhall ; nominate, his, her, or their Executors, Adminiftrators, and Affigns, from the Determination of fuch Eftate i •for Life, during the then Refidue of the faid ninety-fix Years, and that by or upon the making every j fuch Payment, as aforefaid, in every Cafe where the Taliey fhall import the changing or converting the Eftate for Life into a Term of ninety-fix Years, the Perfon or Perfons fo contributing the faid Confide- ration Money, or the Perfon or Perfons to be nominated, as aforefaid, his, her, or their Executors, Ad- jniniftrators, andAffigns, Ihall be intituled to have, receive, and enjoy, and fhall have, receive, and enjoy, ; and fhall have a good, fure, and abfolute Eftate and Intereft of and in an Annuity, yearly Rent, or Pay- j ment (equal by the Year to the Annuity which he, fhe, or they had before for one Life) for and during the faid whole Term of ninety- fix Years, to be paid and payable out of fome of the Funds in the faid Adts mentioned (that is to fay) out of fuch of them refpecStively, as the Annuity for Life was by the faid j Aft charged upon, and to be paid at the four moft ufual Feafts in the Year, by equal Portions, as the Annuities by the faid former Adis are payable ; and in all fuch Cafes the prefent Eftates for Life Ihall be ; underftood to be merged or extinguifiied in the faid Term of Years ; and that in every Cafe where the faid -j Tallies (hall import the Confideration Money to be paid for a future Intereft, to take EfFedl either in the, Perfon that contributes the fame, or in any others to be nominated as aforefaid, the Perfon or Perfons fo contributing the faid Confideration Money, or fo to be nominated, his, her or their Executors, Admini- ! ftrators and Afiigns, fliall prefently have a good, fure and abfolute Eftate vefted in him, her or them by this : Aft, and which fhall take Effeft (as a future Intereft) after the Determination of the Eftate for Life, and : continue and endure, during fo long Time as fhall be then to come and unexpired, of and in the faid .i Term of ninety-fix Years ; and in the Cafes laft mentioned it is to be imderftood, that the prefent Eftate for Life is continued. ■' VI. "And be it further enafted by the Authority aforefaid, That if any Perfon or Perfons, being intituled Perfon having an to any Eftate for one Life in being, in any fuch prefent Annuity or Annuities as aforefaid, fhall not be- EUate for Lite ,; fore the faid four and twentieth Day of ^z^/k one thoufand fix hundred ninety-five, advance and pay into """^'"b Ad- J the Receipt of the Exchequer, fuch Rate or Confideration Money as is before mentioned, for changing ™""s= '"^'j'w ^ fuch his, her or their Eftate for Life, into a Term certain, or for a future Intereft as aforefaid, that then payi'nj'7oL fiiTlI ' and in every fuch Cafe it fhall and may be lawful to and for any Perfon or Perfons v/hatfoever. Natives or have a Term of ^ Foreigners (having or not having any Property or Intereft in fuch Eftate for Life) at any Time or Times 96 Years charged ' after the faid four and twentieth Day of "July, and on or before the tvi^elfth Day of November in the w!' the former ,' Year of our Lord one thoufand fix hundred ninety-five, to contribute, advance and pay into the faid Re- ^i^^y/,.„ a^«„,.. * ceipt of the Exchequer, fo much Money as any fuch Annuity, being computed for five Years, doth or chlfingtbejeJn- fhall amount to (that is to fay) For every Hundred Pounds that was paid forthefingle Life, in an hn- mhhs u enlarged nuity of fourteen Pounds a Year, there, fhall be paid in all the Cafes laft mentioned, the Sum of feventy l>y ySf 2 JT. 3, i Pounds for the faid Term of ninety-fix Years (to commence and be reckoned as aforefaid, and to be ^- 2- j charged with and fubjeft to the prefent Eftate for Life) of and in the fame or the like Annuity, and there j (hall be paid a Rate or Confideration in the fame Proportion for Annuities exceeding fourteen Pounds a - ; Yeai: ; and every fuch Perfon, on fuch Payment made, fhall immediately have a Taliey or Tallies importing ; the Receipt of the Confideration Money fo paid ; and upon every fuch Taliey proper Words fhall be written, ■) fignifying that fuch Payment is made in Confideration that fuch Contributor or Contributors, or fuch Per- fon or Perfons as fhail be named by him, her or them, or by fuch as he, flie or they fliall authorize to ; ' pay in the Money, his, her or their Executors, Adminiftrators and Affigns, are to have and enjoy the faid i Terms of ninety-fix Years in fuch Annuity, charged with and fubjeft neverthelefs to the faid particular ■ Eftate for Life then in being ; and that by or upon the making of every fuch Payment, after the Rate of ; feventy Pounds per Centum, the Perfon or Perfons fo contributing or advancing the Confideration Money, or the Perfon or Perfons to be nominated as aforefaid, his, her or their Executors, Adminiftrators and ; Affigns, fhall have a good Eftate or Intereft in every or any fuch Annuity fo to be purchafed or paid for, 1 during the faid Term of ninety-fix Years (fubjeft neverthelefs to the faid particular Eftate for Life in be- ing) and after the Determination of fuch particular Eftate for Life, fhall have, receive and enjoy, and be i intituled to have, receive and enjoy, fuch Annuity or yearly Rent or Payment fo purchafed or paid^for, du- j ling all the Reft and Refidue which fiiall be then to come and unexpired of and in the faid Term of , Binety-fix Years, to bs paid and payable out of fuch of the faid Funds as the Annuity for Life vvas firft ; saar-ed '•