Page:Ruffhead - The Statutes at Large - vol 6.djvu/195

 A. D. 1733. Anno fexto Georgii IX. C. 28. 133 Sea Company in the State and Condition it (hall be in, from and after the faid Separation and Divifion of their prefent Capital Stock into a new Joint Stock of South-Sea Annuities, and a Trading Stock of the faid Company as aforefaid, and alfo their laid Trading Stock, and the Fund or Annuities attending The Trading the fame, (hall, from and after the faid twenty-fourth Day of June one thoufand feven hundred and s [° ck °rh>. . thirty-three, remain and be folely and exclufively from the faid new Joint Stock of South-Sea Annuities, theCompanys liable and fubject to and chargeable with all the Debts, Demands, Charges and Incumbrances what- Debts contrafl- foever, which the faid South-Sea Company (hall, on the fa.d twenty-fourth Day of June one thoufand ed after2 +J line feven hundred and thirty-three, or at any Time hereafter, be liable and fubject to or chargeable with I733 ' on any Account whatfoever. VI. And be it further enacted by the Authority aforefaid, That the faid new Joint Stock of the South- Annuities to Sea Annuities (hall become due and payable, and be accounted to be due and payable, from the Feafl- ^J^f nci,ce. at Day of the Nativity of Saint John the Baptijl one thoufand feven hundred and thirty-three, and the fir(t i;^."™ Payment thereupon (hall be made for the half Year to end at the Feaft of the Birth of our Lord Chrift then next following, and the fubfequent Payments from thenceforth half yearly (videlicet) on the Feaft of the Nativity of Saint John the Baptijl and the Feaft of the Birth of our Lord Chrift in every Year, by even and equal Portions, and at the Rate before-mentioned, until the Redemption thereof by Par- liament, according to the Provifoes and Powers of Redemption hereafter in this Act contained in that Behalf. VII. Provided neverthelefs, and it is hereby further enacted by the Authority aforefaid, That the faid Trading Stock Trading Capital and the Fund attending the fame (hall be fubject and liable and are hereby charged 'he 'eg'uiar'plv- and chargeable with and for the due and regular Payment of the Annuity attending or to attend the men: of -Anivr- faid new Joint Stock of South-Sea Annuities, as alfo for the like regular and due Payment of the for- ties > mer Joint Stock of South-Sea Annuities, at the refpective Times appointed for Payment of or demand- ing the fame. VIII. Provided neverthelefs, That the faid Company (hall, at the Time of fuch Demand, have re- ceived the Annuity payable to them at the Exchequer ; and on Failure of paying the fame, or any Part °n Failure, to thereof, at fuch Times or within fixty Days after, if lawfully demanded, then fuch Trading Stock and R° t ^of C ? ''f- Fund (hall alfo be fubject and liable and charged and chargeable with the Payment of Int-ereft from cent. the Time of fuch Demand, after the Rate of five Pounds per Centum per Annum for all fuch Parts of fuch Annuities, as (hall be fo demanded and not paid as aforefaid. IX. Provided always, and it is hereby enacted by the Authority aforesaid, That if at any Time or New Stock of Times hereafter any Deficiency (hall happen in the Produce cf all or any of the Funds of the faid Annuities to South-Sea Company, to be continued to the faid Company in their own Right as aforefaid, then and tiona? Parr of" in every fuch Cafe fo happening the faid new Joint Stock of South-Sea Annuities, in refpeft of their Part Deficiency in of the laid Funds, and the faid South-Sea Company, in refpect of their Part of the faid Funds, (hall J""*^ 1 !, 11 i e from Time to Time feve ally and refpectively bear a proportional Part of every fuch Deficiency, until jiament. y '' the fame (hall be provided for and made good by Authority of Parliament, when the fame (hall be made good and anfwered to the Perfons refpectively, their refpective Executors, Adminiflrators or Af- figns, to whom the deficient Sums fhould have been or ought to be paid, if the Deficiency had not happened. X. And be it further enacted by the Authority aforefaid, That the faid South-Sea Company (hall- from South-SeaCom* Time to Time have and be intitled to the like Remedies, Ways and Means for receiving and recover- ^$ii°es*°&f*' ing the faid Monies hereby intended for the Payment of the faid new Joint Stock of South- Sea Annuities which fhey had as aforefaid, during the Continuance thereof, as they might have had or ufed for receiving or recovering before the sepa- their whole Annuities or Funds at the Exchequer, if no fuch Divifion or Separa;ioh had been made, rauc " 1, neverthelefs in Truft as aforefaid; and all and every the Powers, Authorities, Privileges, Freed ms, Immunities, Exemptions and other Advantages, and ail Pains, of Death, Penalties, Forfeitures and Dif- abilities, and all Reftriitions, Savings, R.ules and Directions, and all Claufes, Matters and Things,, which were enacted or provided by any former Act or Acts of Parliament, or Laws which were in Force at or until the Time of making this Act, for better fecuring the whole Capital Stock and Pay- ment of the Funds of the faid South-Sea Company, or preventing or punilhing the Forging or Counter- feiting any Dividend Warrant, or any Transfers or Alignments of any Annuities, or any fuch Offences as are comprehended and defcribed in one Act of Parliament made in the eighth Year of the Reign of s Geo. r. o. is. his late Majefty (of glorious Memory) intituled (amongft other Things) An Ail to prevmt the Alifchiefs by forging Powers to transfer fuch Stocks, or to receive fuch Annuities or Dividends as are therein mentioned, or by fraudulently performing the true Oivners thereof, or any Powers relating thereto, (hall be revived, continued, and be practifed and put in Execution as fully and effeftually, to all Intents and Purpofes whatfoever, as if all and every the faid Powers, Authorities, Privileges, Freedoms, Immunities, Ex- emptions and other Advantages, Pains of Death and other Penalties, Forfeitures and Difabilities, Re- ftrictions, Savings, Rules and Directions were again repeated and particularly re-enacted, in the Body of this prefent Act, to be in Force, as to, for and concerning the faid new Joint Stock, of South-Sea An- nuities, and all the Matters aforefaid, in any wife relating thereto. XI. And it is hereby further enacted bv' the Authority aforefaid, That the proportional Share and Annuitants Shires which ail and every Perfon and Perfons, Body and Bodies Politick and Corporate,, upon iuch sha f es r ° J? ee !f~ Divifion and Separation as afore, aid, (hall have and be intitled unto, of or in the laid tew Joint Stock Books ' ef South-Sea Annuities, (hall after the faid twenty-fourth Day of June one thoufand feven hundred and thirty -three be written off from the prefent Books of the faid Company into proper Books for that Purpofe. XII. And