Page:Ruffhead - The Statutes at Large - vol 5.djvu/404

 358 Stat. 2. Anno feptimo Georgii Regis. A. D. 172T. Pounds fixteen Shillings and eight Pence Stock, and fo in Proportion for every greater of leffer Sum of fuch Annuities; and on every ninety-eight Pounds per Annum, fubfcribed for the Remainder of thirty-two Blank Pay Years, commonly called Blank Pay-Tickets of the faid Lottery one thoufand feven hundred and ten ?".j k " sof. comprehended in the faid Subfcription, one hundred twenty-fix Pounds fourteen Shillings and eight Pence jz61. "iAsTsd. Stock, and fo in Proportion for any greater or leffer Sum of fuch Annuities; and that all Dividends due, or to become due, from and after the Feaft of the Nativity of our- Lord Chrift one thoufand feven hun- dred and twenty, fhall be payable upon the faid feveral Additions of Stock as aforefaid. The increafed V. An.d be it further enacted by the Authority aforefaid, That all the increafed Capital Stock which Stock to be ^ d| - was gained by the faid Company, by taking in publick Debts and Incumbrances which were intended to ti/pnmrieforj. ^ e ta ^ en ' n by the faid Act of the fixth Year of his Majefty's Reign, and which, after the Diftribution of fuch Parts thereof as are intended, purfuant to any the former Claufes in this Act, to be diftributed, fhall remain undifpofed, fhall be divided to and among all the Proprietors of the whole Capital Stock of the faid Company, in Proportion to their feveral and refpective Interefts therein; and that Credit be given for the fame reflectively in the Books of the faid Company. Borrowers on VI. And be it further enacted by the Authority aforefaid, That fuch Perfons (Brokers, or fuch Per- South-Sea Stock, f ons as have acted as Brokers for Brokeridge, excepted) as at any Time or Times fince the five and on Payment of twentieth" Day of March in the Year of our Lord one thoufand feven hundred and twenty, have borrowed on the Lims fo Money from the faid South-Sea Company upon any Share or Shares in the Stock of the faid Company, borrowed, to be actually transferred and pledged (at the Time of borrowing, or within twenty-one Days after) to or for difcharged from the Ufe of the faid Company, or the refpective Heirs, Executors or Administrators of fuch Perfons, who all further De- ma ]i p a y to the Cafhier of the faid Company for the Time being, to Ind for the Ufe of the laid Com- mands of the pany, at their publick Office in London, fo much Money as a Rate of ten per Centum, to be computed ce°pT broker™) upon the refpective Sums fo borrowed, fhall amount unto; to wit, One Moiety thereof on or before the This Ckufe en- five and twentieth of December one thoufand feven hundred and twenty-one, and the other Moiety there- But the Stork to ln Law or Equity, of, for or in refpect of the Monies fo borrowed upon Stock; and that all the Stock be vefted in the fo transferred and pledged, for which fuch Payment fhall be made, or lawfully tendred and refufed, toge- Company. ther with the Dividends and Profits belonging or to belong to fuch Stock refpectively, fhall be, and is; and are by Virtue hereof, abfolutely vefted in the faid Company, for the Ufe and Benefit thereof. Borrowers on VII. And furthermore it is hereby enacted by the Authority aforefaid, That fuch Perfons (except as Subfcnption Re- before excepted) as at any Time or Times fince the five and twentieth Day of March in the Year of our ceipts on ay- L orc ] one thoufand feven hundred and twenty, have borrowed Money from the faid South-Sea Company mentor 10I. per n- i'- 1 • r 1 Ti i - r, r ■ i n yr r» 1 r • • J Cent. difcharged. u P°n Receipts which were given for any the rayments made upon any of the faid Money oublcnpttons, and were actually pledged to the faid Company (at the Time of borrowing, or within twenty-one Days after) or the refpective Heirs, Executors or Administrators of fuch Perfons, who fhall pay to the Cafhier of the faid Company for the Time being, to and for the Ufe of the faid Company at their publick Office in London, fo much Money as a R_ate of ten per Centum, to be computed upon the refpective Sums fo borrowed fhall amount unto, to wit, One Moiety thereof on or before the five and twentieth Day of December one thoufand feven hundred and twenty-one, and the other Moiety thereof on or before the five and twentieth Day of "June one thoufand feven hundred and twenty-two; fhall (upon fuch Pay- ment made, or being lawfully tendred and refufed, and not otherwife) by Force and Virtue of this prc- fent Act, be difcharged of, from and againft all further Demands of the faid Company, in Lav/ or Equi- But theSubfcrip- ty, of, for or in refpect of the Monies fo borrowed upon the faid Subfcription-Receipts; and that all the tion Receipts to Subfcription-Receipts fo pledged, for which fuch Payments fhall be fo made, or lawfully tendred and be vefted ln the re f u f ec >; together with all the Benefits to attend the fame, and all the Dividends and Profits belonging or oaipany. tQ b e ] on g thereunto refpectively, fhall be, and is, and are, by Virtue hereof, abfolutely verted in the faid Company, for the Ufe, Benefit and Advantage thereof. ' VIII. And forafmuch as it is neceffary to make fome Regulations or Orders touching Contracts for ' the Sale or Purchafe of Subfcriptions or Stock of the faid South-Sea Company, or any other Company ' or Corporation, or pretended Company or Corporation, for preventing a Multiplicity of vexatious and AllContraasior s doubtful Suits in Law or Equity concerning the fame, or fome of them;' It is therefore hereby further Sale or Purchafe aed, the Authority aforefaid, That every Contract for the Sale or Purchafe of Subfcriptions or ot Subfcriptions n , r - r. , n, V, ^-1 ' i/-» *"i • ,-./-, of Stock unper- Stock of the laid South-Sea Company, or any other Company or Corporation, or pretended Company formsd, or not or Corporation, which fhall be unperformed in Whole or in Part, or fhall not be compounded by or be-- compounded on tween the Parties thereunto, or interefted therein, on or before the twenty-ninth Day of September in the S9 Sept. 1721. Year of our Lord one thoufand feven hundred and twenty-one, or an Abftract or Memorial thereof figned b" oks' "before" ^y l ^ e ^ zrt Y interefted therein; and who fhall be minded to take Advantage of the fame, fhall be entred 1 Nov. 1721. and regiftred in Books, which are hereby required timely to be provided and kept for that Purpofe by the refpective Company or Corporation, to whofe Capital fuch Stock or Subfcriptions do or fhall relate, at or elfe be void, fome Time before the firft Day of November one thoufand feven hundred and twenty-one; and in De- fault of fuch Entry or Regifter every fuch Contract, as to fo much as fhall remain unperformed, and not compounded, on or before the faid twenty-ninth Day of September one thoufand feven hundred and twenty-one, fhall be void : And it is hereby enacted, That fuch Entries fhall exprefs the Names of the No Stamp-Da- Parties or Perfons, for whofe Ufe or Benefit fuch Contracts were made; and that none of the Stamp- isoVee for Re- l^ ut: i es fhall be due or payable for the fame; and that no Fee, Gratuity or Reward fhall be demanded or g%rjng, on ^ taken, directly or indirectly, for Entring or Regiftring any fuch Contract, or any Abftract or Memorial pain of aoo I. 3 thereof