Page:Ruffhead - The Statutes at Large - vol 5.djvu/177

 A. D. 1716. Anno tertio Georgii Regis. C. 9. 137 Damages after the Rate of ten Pounds per Centum per Annum for the Monies fo unpaid contrary to this Act, befides full Cofts of Suit ; and the (aid Governor and Company of Merchants of Great Britain, and their Succeffors, and their capital Stocks and Funds, fhall be and are hereby made fubject and liable there- unto. V. And be it further enacted by the Authority aforefaid, That the faid Governor and Company &fCompany to Merchants of Great Britain, and their Succeffors, for every Sum which they fhall advance for or in Pari ' ' f et of the faid Sum of two Millions, fhall have, receive and enjoy, and be entitled, by Force and Virtue of" [" ,?■ this Act, to have, receive and enjov an Annuity alter the Kate or five rounds per Centum per Annum for advance, ever, fubject nevcrthelefs to the Prdvifo of Redemption herein after contained in that Behalf; and that every fuch Annuity after the Rate of five Pounds per Centum per Annum for the Money fo o be ad van e ', lhall be charged upon, and fhall be paid and payable, from Time to Time, out of the Monies which find!, from Time to Time, atife by the aforefaid Duties, Impofitioris, additional Impositions and Revenues, arid all proportional Parts of th 'in, and every or any of them, over and above fo much as fhall be fufficient to pay off and fatisfy all the Monies which ihall at any Time or Times be grown due and incurred for or up- on the faid yearly Sums of fix hundred thoufand Pounds, and eight thoufand Pounds, until and for the Quarter which fhall end upon the Feaft-day of the Nativity of St. John Bafrtiji one thoufand feven hun- dred and eighteen; and from thenceforth for or upon the faid yearly Fund of five hundred thoufand Pound;, and for and upon the faid yearly Sum of eight, thoufand Pounds, and either of them ; and that fuch An- nuity or Annuities tor fuch Monies fo to be advanced fhall be paid and payable to the /aid Governor and Company of Merchants of Great Britain, and their Succeffors, in manner following, that is to fay, the Hrft Payment or Payments of fuch new Annuity or, Annuities, after the Rate of five Pounds per 6V«/z;/« Times of Pay- ■per Annum, fhall be computed by the Day, and fatisfied from the Day or refpective Days on which t'ne mcnt> laid two Millions, or any Part or Parts thereof, lhall be advanced as aforefaid, until the quarterly Feaft- day or refpective quarterly Feaft-days then next enfuing ; and from thenceforth the fame new Annuity or Annuities of five Pounds per Centum per Annum fhall be paid and payable at the four molt ufual Feafts or Days of Payment in the Year before-mentioned, by even and equal Portions. VI. And it is hereby enacted by the Authority aforefaid, That as well the faid annual Fund of five h-.m- A!! ti-.c annual dred thoufand Pounds, and the faid annual Sum of eight thoufand Pounds, and the Annuity or Annuities Sa _'" s ;- and A *~. after the Rate of five Pounds per Centum per Annum, payable for the fame two Millions, or fo rhuch 'there " ' r. 10 of as lhall be advanced and paid by this Act as aforefaid, as alfo all Arrearages of the faid yearly Fund of t^be "free from, fix hundred thoufand. Pounds, and of the faid annual Sum of eight thoufand Pounds, and every of them,T=xts. and the capital' Stock or Stocks which the faid Governor and Company have or are to have in refpect thereof, and fuch additional Stock in Money as they fhall call in from their Members for carrying on their Trade,, thall be at all Times hereafter freed and exempt from all Taxes, Charges and'publick Xmpofnions whatfoever, charged or to be charged thereupon by Authority of Parliament or otherwife ; any Law of Statute made -or to be made to the contrary notwithllanding. VII. And be it enacted by the Authority aforefaid, That the faid capital Stock of ten Millions, and fpCapit.il Stock, much as is due or fhall grow due for or upon the faid yearly Sum of fix hundred thoufand Pounds, to be*'-,- a ? t: " r °nal paid until and for the Quarter to end at the faid Feaft of the Nativity of St. John Bapti/t one thoufand fe- Li ate ' ven hundred and eighteen ; and the faid yearly Sums of five hundred thoufand Pounds, and eight thoufand Pounds, to be continued as aforefaid ; and the faid two Million's',' or fuch Part thereof as fhall be advan- ced, and the faid Annuity or Annuities after the Rate of five Pounds per Centum per- Annum, payable or tp be paid for the fame to the faid Governor and Company of Merchants of Great Britain, and their Suc- ceilors, and the Share and Intereft of each and every particular Member of and in the faid capital Stocks ' and Funds, and every of them, fhall be, and be adjudged, taken and accepted in Conftruftion of Law and in all Courts of Law and Equity whatfoever, to be a perfonal and not a real Eftate, and fhall go to the Executors or Admini fixators of the Perfoh or Perfons dying poffeffed thereof, interefted therein or en- titled thereunto, and not to the Heirs of fuch Perfon or Perfons ; and fhall not be liable 'to any foreign At- ^d not liable to tachments by the Cuitom of the City of London or otherwife ; and that no Governor, Sub-Governor, Pje-.^ e '| n Attach " puty-Governor or Member of the faid Company, by reafon of his being a M rnber of the faid Company, k Member dif- or of any Matter or Thing in this Act contained, be now or -at any Time hereafter difabled from being orabled from fer«- •continuing, or from being elected or ferving as a Member of Parliament ; nor fhall be or be adjudged lia-ing in Parti- ble to be a Bankrupt within the Intent and Meaning of all or any the Statutes made againit or concerning n ?'-'" t * °J tl !? i ^f' Bankrupts; any Law, Cuflom or Ufage to the contrary notwithstanding. - t0 an " r ' J P c >'- VIII.: And for the better and more regular Payment of all the Monies intended by this Act to be paid Standing Orders to the faid Governor and Company of Merchants of Great Britain, and their Succeffors, (fubject never- '° be made forth thelefs to fuch Redemption as aforefaid) an Order or Orders fhall re figned by the Commiflioners of th : e & . Annul " Treafury, or any three or more of them now being, or by the High Treafurer,- or any three or more of the Commiflioners- of the Treafury for the Time being ; aiid after iigning thereof the fame -fhall be firm, good, valid and effectual in the Law, according to the Purport and true Meaning thereof, and of this A£t,. and lhall not be determinable by or upon the Deaths or Removal of any Comniiflioner orCommiffioners of the Treafury or High Treafurer for the Time being, or by or upon- the Determination of theJPower, Of- fice and Offices of them, or any of them, nor fhall any Commiflioners of the Treafury, or High Treafu- rer or Under-treafurer for the Time being, have Power to revoke, countermand or make void fuch Order aor Orders fo .figned as aforefaid Orders tn ba forth „ ...-— ,, -- —, — -_ __- „ _- t -. „„„.y for thefe VOL., V, T Venues Annuities. IX. And for the more fpeedy Payment of the Monies which fhall be due or payable thereupon, It is ^'/J^ hereby declared and enacted, That weekly or otherwife, as Monies of the faid Duties, Impofitions, Re- week i y