Page:Ruffhead - The Statutes at Large - vol 5.djvu/450

 404 C. 21. Anno o&avo Georgii Regis. A. D. 1721, No Agreement VI. Provided always, That no Agreement for the Sale of any Part of the Fund or Annuity of the to be made for South- Sea Company, fhall be made between the faid Company and any other Body Politick or Corporate,. Sale of Annui- un]e f s fen p ^ ot j ce at the leaft be given in the London Gazette, and upon the Royal Exchange, before Corpse? w.th y the Meeting of any General Court of the South-Sea Company, to be fummoned to approve the Sale of cm ter. Days No- the fame. tice in the Lon- don Gazette before the Meeting of a General Court, &c. Annuities after VII. And be it further enacted by the Authority aforefaid, That the_ Values, to be computed after the iheiUteofzo R ate of twenty Years purchafe, for fuch Part or Parts of the faid Annuities as fhall be fo purchafed, fnail Years Purchafe, Jrom the j-'mx or Times to be fpecified in fuch Agreement or Agreements as aforefaid, become a Capital Stock ^" a Stock of the Perfon or Perfons, Body or Bodies Politick or Corporate, who fhall fo purchafe the fame; Bodies' Politick and in cafe fuch Purchafe or Purchafes fhall be made by any Body Politick or Corporate, fuch Body Po- purchafmg, may Htick or Corporate is hereby enabled (in cafe they fliall think fit) to add or unite the Capital Stock (o add the Capital crea ted, or caufe the fame to be added and united, to the then Capital Stock of the faid Body Politick or ^ei^'heTca ''- Corporate fo purchafmg the fame; and in fuch cafe every Member of fuch Body Politick or Corporate taf aic,. 6 " 3P " *h a 'l have Credit in the Books thereof for hrs, her or their Share or Shares of the Capital Stock fo created, added and united, and all the Profits, Dividends and Advantages whatsoever to attend the fame; and from and after any fuch Purchafe or Purchafes made as aforefaid, the Capital Stock of the faid South-Sea Company fhall be leffened fo much as the faid Value or Values of the faid Part or Parts fo fold, fliall amount unto; and the Annuities or yearly Funds of the fame Company fhall likewife be leffened fo much as the faid Part or Parts of the faid Annuities fo fold fhall amount unto; any former Law or Statute to the contrary notwithftanding. make fortrfthe VIII. And for the better and more regular Payment of all the Monies intended by this Aft to be paid Orders for Pay- to fuch Purchafer or Purchafers of fuch Part or Parts of the faid Annuities (if any fuch bej his, her or meat. their Executors, Adminiftrators, Succeffors or Affigns refpeftively, at the different Rates, and in fuch Manner as aforefaid, (fubjeft neverthelefs to fuch Reduction and Redemption, as are by this Aft provr- ded concerning the fame) an Order or Orders fhall, from Time to Time, be made forth and figned by the Commiffioners of the Treafury, or any three or more of them, or by the High Treafurer for the Time being; and after figning thereof, the fame fliall be good, firm, valid and effeftual in the Law, according to the Purport and true Meaning thereof, and of this Aft, and fliall not be determinable by or upon the Death or Removal of any Commiflioner or Commiffioners of the Treafury, or High Treafurer for the Time being, or by or upon the Death or Determination of the Power, Office or Offices, of them or any of them; nor fhall any Commiffioners of the Treafury, High Treafurer or under Treafurer for the Time The Orders to being, have Power to revoke, countermand or make void, fitch Order or Orders fo made forth and figned be irrevocable. as aforefaid. IX. And for the more fpeedy Payment of the Monies which fhall be due and payable to any Perfon and Perfons, Body or Bodies Politick or Corporate, who fliall become Purchafer or Purchafers as aforefaid' (if any fuch be) and to his, her or their Executors, Adminiftrators, Succeflors and Affigns refpeftively' Weekly Pay- U p n fuch Order or Orders as aforefaid; It is hereby further enafted and declared by the Authority afore- ttponOidet* fcc! ^ a '^» t ' ia(: wee kly or otherwife, as the Monies appointed or intended by this Aft to be applied for or to- ' wards the faid Payments to grow due to him, her or them as aforefaid, fhall from Time to Time be brought into the Receipt of the Exchequer, and fliall or ought to be fet apart for that Purpofe, fuch Mo- nies fhall and may, from Time to Time, be iffued upon fuch Order or Orders, for or towards difcharg- ing the faid Part or Parts of the faid Annuities or yearly Funds, which fliall be purchafed as aforefaid' and fhall grow due at the end of that Quarter of a Year in which fuch IfTues or Payments fliall be made' fo as fuch weekly or other Payments do not exceed the Sums, which fliall grow due for or at the End of fuch Quarter refpeftively. Purchafers of x. And be it further enafted by the Authority aforefaid, That it fliall and may be lawful to and for any Tau^Mone^by Body or Bodies Politick or Corporate, who fhall have purchafed or agreed for any Part or Parts of the taking in Sub- faid Annuities of the faid South-Sea Company as aforefaid, for better enabling themfelves to pay for the fcriptions for fame (if they fliall fee Caufe) to raife Money, by opening Books for taking in Subfciptions from any Per- Saleof Capital f on or Perfons (as well their own Members as others) for the Sale of their Capital Stock created as Stock, &c aforefaid, or any Part thereof, and the proportional Part of the purchafed Annuities to attend the fame or by making any Call or Calls of Money from the refpeftive Member or Members of fuch Body or Bo- dies Politick or Corporate, proportionably to the Shares which fuch Members fhall then have in the Ca- pital Stock or Stocks of the fame, and by flopping and difpofing the Shares and Dividends of fuch Mem- bers, as fhall make Default in anfwering fuch Call or Calls, and applying the Money fo flopped or raifed for the Purpofe aforefaid, or by borrowing Money upon Bonds, Bills or Obligations, under the common Sea] or Seals of fuch Body or Bodies Politick or Corporate or otherwife, as to them fhall feem moil meet and convenient; and every fuch Body or Bodies Politick or Corporate, is and are hereby enjoined and required to apply or caufe to be applied the Monies fo raifed, for or towards paying or completing the Payment of the Purchafe Money to the faid South-Sea Company, for fuch Part or Parts of their faid An- nuities which fhall be fo purchafed as aforefaid. Capital Stock, XI. And it is hereby enafted, That the Capital Stock, which any Perfon or Perfons, Body or Bodies Annuities and Politick or Corporate, by and in Purfuance of fuch Agreement or Agreements as aforefaid, and of this Shares to be w 3 v/ * mw <kemed Peifonal Eftates, and free of all Taxes, &c„ Aft,