Page:Ruffhead - The Statutes at Large - vol 4.djvu/347

. A. D. 1707. Anno fexto Ann^ Regina5. C. 17. 295 from and by their refpeiStive Adventurers and Members for the Time being, proportioJiably, any Sum and Sums of Money which fhall from time to time be fo thought fit, for or towards the maicing up the faid Sum of twelve hundred thoufand Pounds to be advanced to her Majefty's Ufe as aforcfaid, or for re- paying the Monies borrov/ed for that Purpofe, or the Intereft thereof; and that all Executors, Admini- Executors, t%c. ftrators, Guardians, and Truftees, fliall be indemnified in paying the fame; and in cafe any Adveji- indemn.fed. turers or Members of the faid refpe£i:ive Corporations, fliall negledx or refufe to pay his, her, or their Shares of the Monies fo called in, at the Time or Times appointed for that Purpofe, by Notice to be fixed upon the Royal Exchange in London, or in cafe any Adventurer or Adventurers, Member or Pvl em- bers of the faid relpeftive Corporations, fhall negledl or refufe to pay his, her, or their Share of the Mo- nies which the faid Companies, or either of them, fhall (in purfuance of the faid firil recited AcS, and their refpe£i:ive Charters, or any or either of them) call in, for the carrying on of their Trade, at the Time or Times appointed for chat Purpofe, by the like Notice as aforefaid ; then and in either of the faid Cafes, it iliall and may be lawful for the faid Governor and Company of Merchants oi London trading into the Eaft Indies, and the faid EngUJh Company trading to the Eaji Indies refpeftively, and tlieir re- Members refo- fpedtive Succeflbrs, not only to ftop the Share or Dividends which mall from time to time become pay- f'ngtop'y.Com- able to fuch Adventurer or Adventurers, Member or Members, fo neglefting or refufing, of the Fund, ^jj^;^ Qj^^^'i^j^jj^ Stoclc, or Profits of the faid refpedlive Companies, and to apply the fame from time to time for or to- &c.' ' wards Payment of the Share of the Money fo called in, and which ought to have been paid by fuch Ad- venturer or Adventurers, Member or Members fo neglecSting or refufing to pay the fame, until the fame fliall be fatisfied, but alfo to flop the Transfers of the Shares of every fuch Defaulter, and to charge AndtheTranf- fuch Defaulter and Defaulters with an Interdft after the Rate of fix Pounds per Centum per Annum, for f^^if, " the Monies fo by him and them neglefted to be paid, from the Time the fame were appointed to and Charge them be paid until the Payment thereof; and the Share and Stock of fuch Defaulter and Defaulters fhall with intereft at be liable to make good and anfwer the faid Monies fo appointed to be paid, and the Interefl: thereof; 61. per Cent, and that in cafe the Principal and Intereft fhall not be paid within the Space of three Months, then the Shares not paid faid Governor and Company, and the faid EngUjh Company, and their Succeffors refpeilively as afore- company may  faid, fhall have Power to fell fo much of the Stock of fuch Defaulter or Defaulters as will fatisfy and feu. pay the fame. IV. And be it further enafted by the Authority aforefaid. That the faid Sum of twelve hundred thou- "^^ ^^"^ fand Pounds agreed to be advanced and paid, as aforefaid, fhall be and be called, deemed, and taken to beTfurtherAd" be a further Addition to the capital Stock of the faid Englijh Company, and fhall be, and is hereby ex- ditionto iheca- empted from any Taxes, Rates, Impofitions, or AfTefTments whatfoever. pital Stock, and V. And be it further enafted by the Authority aforefaid. That the united Stock and Fund of the faid Tax-free. £«fJ//^ Company, and their SuccelTors, by whatfoever Name or Names they fliall be called or known. The united Stock fhall be and are by this prefent Aft made fubjeft and liable to the Payment and Satistadion of all fuch '^^'^ '° '" ^ Debts as are or fliall be contracted by the fame Company, for or upon Account of the faid imited J^ &(™""^^'" Stock or Trade. ' VI. And whereas by the faid former Afts and Charters it was provided. That at any Time, upon For encouraging ' three Years Notice, after the nine and twentieth Day of ^^/i/fwZ'^r one thoufand feven hundred and '^^^"^'' "'"^^ ' eleven, upon Repayment of the faid two millions, and all Arrears of the faid Annuities or yearly Pay- their Trade. ' ments, the faid Duties upon Salt, and Rock Salt, and the faid Duties upon flrampt Vellum, Parchment, ' and Paper, and the faid yearly Fund charged thereupon, and the faid Annuities ifTuing out of the fame, ' and the Duty of five Pounds in the Hundred on imported Goods therein exprefied, and all theCorpora- ' to be given to them or any oi^ them, fhall abfolutely ceafe and determine :' Now, to the Intent, that the faid EngUJh Company, and their Succeflbrs, may be encouraged to proceed in their Trade, and may have Time to fettle FaJlories, and perform fuch other Matters and Things as are neceiTary for carrying on the faid Trade to their befl: Advantage and Profit, it is hereby declared and enafted by the Authority afore- faid. That the laft-mentioned Provifo for Redemption and Determination of the faid feveral Duties, Former Provir© yearly Fund, Annuities, Corporations, and Benefit of Trade, fhall be, and is hereby repealed and made for Redemjition void ; and that the faid Duties upon Salt and Rock Salt, and the faid Duties upon fl:ampt Vellum, Parch- '■«f"'=''- ment, and Paper, and the faid Duty of five Pounds in the Hundred upon imported Goods, fhall continue, « See 3 Geo. 2. and the faid jE^^/z/S Company trading to tt EaJi Indies, and their Succeflx)rs, by whatfoever Name or c. 14. §. 11. ' Names they fhall be called or known, fhall have and enjoy the faid yearly Sum of one hundred fifty-nine thoufand four hundred twenty-four VovmAs per Jnmm, and all the Benefit of Trade, Franchifes, Privi- leges, Profits, and Advantages whatfoever, in refpe£t thereof given or granted, or intended to be given or granted unto them by the faid Ai£t of the ninth Year of his faid late Majefty's Reign, or by the 9 & 10 W. 3. faid Charter of the fifth Day of September in the tenth Year of his faid late Majefty's Reign, or by the '^- 44- faid Indenture Tripartite of the two and twentieth Day of July one thoufand feven hundred and tv/o, and every or any of them, freed and difcharged of and frtfm th-- faid former Provifo, or Condition of Re- demption, and all other Provifoes, Pov/ers, Afts, Matters, or Things heretofore had, made, done, or committed, for redeeming, determining, or making void the faid Duties, yearly Fund, Benefit of Trade, Franchifes, Privileges, Profits, and Advantages, or any of them ; fubjeft neverthelefs to the Reflridfions, Subjca never- Covenants, and Agreements in the faid Aft firft recited, and the faid recited Charters and Indenture Tri- theids, Sca, partite, or any of them contained, now in Force, and alfo fubjeft to the general Provifoes or Condition of Redemption hereafter in this Ad contained. ' VII. And whereas feveral Perfons who did fubfcribe, or do derive under Perfons who did fubfcribe ' feveral Sums, amounting in the whole to feven thoufand two hundred Pounds, Part or the faid two I - ' millions.
 * tions to be erefted by or in purfuance of that Acf, and the Benefit of Trade thereby given or intended