Page:Ruffhead - The Statutes at Large - vol 5.djvu/308

 268 C. 4. Anno fexto Grosgii Regis. A. D. 1710, men Seal, or on they (hall think f.t) to borrow or take up Money upon any Contracts, Bills, Bonds or Obligations under Credit ot their their common Seal, or upon Credit of their capital Stock or Stocks, to be increafed, as aforefaid, or anv for'any Time' -^ art triere °f:> at fuch Rate or Rates of Intereft, for any Time not lefs than fix Months, from the Borrow- not lei's than fix ing thereof, as they {hall think fit, and to give Security under their common Seal, or by affignin? or tranf- Months. {erring their Stock or Stocks, or any Part thereof, or otherwife, as {hall be to the Satisfaction of the Lend- er:; respectively. All Bonds, Sec. L. And be it further enacted, That all Bonds or Obligations under the common Seal of the faid Com- lhall charge the pany fliall charge as well the Annuity or annual Fund and additional Annuities or annual Funds payable and' Effects of to t ^ le ^'^ Company by virtue of this Act, as the prefent and additional Stocks and other Effects and the Company, Eftates of the faid Company for the Time being; and that all fuch Bonds and Obligations fhall be affio-n. and be aflignahle-ab'le, and the Monies thereupon fhall be recoverable as effectually, and in as ample Manner and Fornfas and recoverable an y their Bonds taken upon any former Act might be affigned, or the Money due thereupon mio-ht be rp as former Bonds. covered _ <= = in- securities not LI. And be it enacted by the Authority aforefaid, That all fuch Contracts, Bills, Bonds, Obligations- chargeable with or Securities under the common Seal of the faid Corporation fliall not be chargeable with any the Du- Stamp-duues. t; es U p 0n ftampt Vellom, Parchment or Paper; any Law or Statute made or to be made to the contrary notwithftanding. The Money LII. And it is hereby enacted by the Authority aforefaid, That fo much Money as fhall be called for called in fliall by the faid Governor and Company of Merchants of Great Britain from their refpective Members for or be an additional towards any the Purpofes before-mentioned, fliall (if the faid Governor and Company think proper) be Stock of" the anc j jj e deemed an additional Stock of the faid Governor and Company, and fhall be written into the Books, ompany, c, ^ ^ ^j Q orn p an y } an d ea ch Member thereof fhall have Credit in the faid Books for his or her Propor- tion or Share thereof; and that the Members of the faid Company, who fliall have a Share or Intereft irs- the Stock or additional Stock of the fame Company, fhall or may affign and transfer the fame in the Books of the fame Company, in fuch or the like Method, Manner and Form as are prefcribed by the Act or Acts of Parliament and Charter now in Force, for Alignments or Transfers of orioinal Stock to be made in the Books of the fame Company; or may difpofe or devife the fame, or any Part thereof by Will, in fuch Manner and Form as any Share in the original Stock of the fame Company is devifeable — But (hall not in- neverthelefs the fame Governor and Company, or their Succeffors, in refpect of fuch Stock which {hall creafe their year- or may be fo added or written in their Books, to enable them to make the faid Payments into the Exche- ]y Fund. quer, or other the Purpofes aforefaid, fhall not be entitled to any Increafe of their Annuity or yearly Fund to be paid out of the publick Duties, Revenues or Incomes above-mentioned, or any of them; any Thing, herein contained to the contrary notwithstanding. The capital and LIII. And be it further enacted by the Authority aforefaid, That the faid prefent capital Stock of eleven- jncreafed yearly millions feven hundred forty-fix thoufand eight hundred forty-four Pounds eight Shillings and ten Pence Fund (hall be an d the Additions to be made thereunto by virtue of this Act, and the faid Annuity or yearly Fund of five na™ flat °d Hundred eighty-feven thoufand three hundred forty-two Pounds four Shillings and five Pence, and the go to Executors, -Additions to be made thereunto by virtue of this Act, and the faid yearly Sum of nine thoufand three hun- and not liable to d red ninety-feven Pounds nine Shillings and fix Pence, for Charges of Management, and the Additions to- foreign Attach- be made thereunto by virtue of this Act, and the Share and Intereft of each and every particular Member meat. f anc i j n the lame capital Stock, and the fame Additions to be made thereunto, and of and in the faid Annuity or yearly Fund of five hundred eighty-feven thoufand three hundred forty-two Pounds four Shil- lings and five Pence, and the fame Additions to be made thereunto, and of and in the faid year]}'- Sum of nine thoufand three hundred ninety-feven Pounds nine Shillings and fix Pence, for Charges of Manage- ment, and the Additions to be made thereunto, and every of them, fhall be and be adjudged, taken and' accepted in Conltruction of Law, and in all Courts of Law and Equity whatfoever, to- be a perfonal and not a real Eftate, and fliall go to the Executors or Administrators of the Perfon or Perfons dying and pof- f.ffed thereof, interefted therein or entitled thereunto, and not to the Heirs of fuch Perfon or Perfons, and' fhall not be liable to any foreign Attachments by the Custom of the City of London^ or otherwife; any Law, 'Custom or Usage to the contrary notuithftanding. Members may LIV. And it is hereby enacted by the Authority aforefaid, That the refpective Members of the fame: transfer their Corporation, who fhall have a Share or Intereft in the prefent capital Stock or the increafed Stock thereof. Stocks, fti-a.ll and may assign and transfer fuch his, her or their Share or Intereft, or any Part thereof (except as is otherwife provided in this Act) in the Books of the faid Corporation, in fuch or the like Method, Manner and Form as are prefcribed in and by the Act or Acts of Parliament and Charter now in Force for Afficn- cr devife the ments or Transfers of original Stock to be made in the Books of the faid Corporation; or fhall or may time by Will, difpofe or devife the fame, or any Part thereof, by Will, in fuch Manner and Form as any Share in the original Stock of the faid Corporation is devifeable. LV. And be it further enacted by the Authority aforefaid, That as well the faid prefent Annuity or yearly Fund of five hundred eighty-feven thoufand three hundred forty-two Pounds four Shillings and five Pence, as all the Additions which fhall be made thereto by virtue of this Ait; and the faid yearly Sum of nine thoufand three hundred ninety-feven Po mds nine Shillings and fix Pence, for Charges of Manage- ment, and all Additions to be made thereto by virtue of this Act; and the Shares, Parts or Interests of the feveral Members of and in the fame, and of and in the faid prefent capital Stock and increafed capital Stock of the fame Governor and Company, and of and in the Benefit of Trade annexed thereunto; and the Stock in Trade jn Money to be raited for any the Purpofes aforefaid, during the Continuance of the fame,, fliall bg-