Page:Ruffhead - The Statutes at Large - vol 6.djvu/77

 A. D. 1730. Anno tertio Georgii II. C. 16. 15 the faid Sum of one million, be paid off a Dividend of Capital on fuch their refpcctive Shares or Inte- Small Sum* red- rafts, which Dividend (hall not amount to more than the Sum of one hundred Pounds, it fhall and may 2.'^ olc"lt» be lawful to and for the faid Company, their Officers or Servants, and they are hereby required at any may be replaced time before the Day to be appointed by the Court of Directors for the (hutting up their Transfer Books, vnthoutSump»j in order to the Payment of the half Year's Annuity, to be due on the twenty-fifth Day of December one thuufand feven hundred and thirty, to permit or fuffer any Perfon or Perfons, Body or Bodies Politick or Corporate, being Proprietors of the faid Stock, to transfer to fuch Proprietor or Proprietors reflectively, any Sum or Quantity of South-Sea Capital Stock, not exceeding the Sum or Sums fo divided out of Ca- pital, to him, her or them reflectively, by Writing in the Transfer Books of the faid Company, with- out any of the Stamps being impreffed thereon, which by any former Act or Acts of Parliament are re- quired in Cafes of Transfers, and without any Fees or other Charges to the faid Company, or their Officers, Clerks or Servants, for the fame ; and alfo to permit and fuffer the Transferees, or fome other Perfon or Perfons on their behalfs reflectively to accept the fame ; and that fuch Transfers without Stamps (fubject to the Reltrictions before mentioned) (hall be as good, valid and effectual in Law to all Intents and Purpofes, as if the fame had been ftampt according to any former or other Law or Laws for that purpofe ; and that no Penalties or Forfeitures inflicted by any fuch former Law or Laws for or on Account of making or permitting Transfers of Stock, without being firft ftampt, (hall be incurred by any Perfon or Perfons acting therein in purfuance of this A£t ; and that it fhall and may be lawful to and for the faid South-Sea Company, within the Time before mentioned, to fell and difpofe of, to any fuch of their Proprietors, any Parcels or Quantities of that Part of their Capital Stock as now remain in the faid Company, or in any Perfon or Perfons in Truft for them, not diftributed amongft the reit of their Adventurers, as fhall be neceffary or fufficient for the Purpofes aforefaid, and no more, at fuch Price or Prices as lhall be from Time to Time agreed on between the faid Company and fuch Proprietors, and to caufe the fame to be transferred accordingly, free from fuch Stamps, Fees or other Charges as afore- faid ; any Thing in any former or other Act or Acts of Parliament to the contrary notwithstanding. VIII. And to the End, Intent and Purpofe that all truft Eftates or Interefts in the faid Capital Stock of the South-Sea Company, may be preferved and improved for the Benefit of the Perfons concerned therein, with the leaft Expence and Inconvenience to them : Be it enacted by the Authority aforefaid, That in all and every Cafes where, in purfuance of this Act, any Payments or Dividends (hall be made Dividends of of the Capital of any fuch Stock, as fhall be vefted in any Perfon or Perfons in Truft for other Perfons, Stock in Truft who have or claim diftindt or different Interefts therein, or for any other Ends or Purpofes, for which D°vidends P of a * the Capital Sum or Stock ought to be preferved intire, fuch Payments or Dividends of the Capital Stock Profit, Sts? ihall not be paid or applied as Dividends of Profit, Annuity or Intereft, but fhall remain in the Hands of fuch Truftees respectively, till otherwife difpofed of at Intereft ; and for that Purpofe it (hall and may be lawful to and for the Truftee or Truftees, who fhall receive the fame, at his or their Difcretion, to lay out or difpofe of the fame or any Part thereof, in the Purchafe of fo much other Capital Stock of the fame Kind, as at the current Market Price of fuch Stock the Monies received for fuch Dividends fhall,. as near as conveniently may be, extend to purchafe ; which new purchafed Stock fhall be transferred to fuch Truftee or Truftees, and a Receipt or Receipts (hall be given and figned by the Perfon or Perfons transferring the fame, for the Monies paid for the fame ; and in cafe fuch Truftees respectively, by Writing indorfed on or annexed to fuch Receipts, and ligned or acknowledged before one of the Matters of the High Court of Chancery, fhall declare that the Monies in the faid Receipts were the Produce of the faid Dividends of the faid Capital Stock, which Signing or Acknowledgment fuch Matters in Chan- cery are hereby required to accept or take ; and each and every fuch Matter, before whom the fame (hall be done, fhall at the fame time certify the fame, by fubferibing his Name thereto; for doing whereof Seefartiey »»- fuch Matter (hall be paid for each fuch Certificate one Shilling and no more j then, and in every fuch Cafe, emmg Saab Sea the Stock mentioned in fuch Receipts to be transferred, fhall reflectively go and be deemed fubject and Company, ~i Ge °- liable to the fame Trufts, for the Benefit of the fame Perfons, and for the fame Ufes, Ends, Intents and %"°' y 2 _°' Purpofes, as the reft of the truft Stock remaining in fuch Truftees refpedtively will or ought to be fubjedt < Geo. 2. c. 17. or liable to ; and fuch Truftees reflectively (hall from thenceforth be indemnified from any Lefs, Charges "j 7 "- z - c - 2 i or Damages, on account of their fo doing, at the Expences of the faid truft Eftates. 7 r£ a z fi ,. 9 Geo. 2. c. 34. §. 12, 10 Gee. 2. c, 17. §. 35. 20, Gee. 2. c. 3. §. 60. 24 Geo. z. c. 2 6? u. IX. Provided always, That nothing in this Act contained fhall extend or be conftrued to extend to Tnlfteesm reftrain or prohibit any fuch Truftees from laying out or difpofing of any of the faid truft Monies in difpofe of the any other Purchafes or any other Securities, whether pubiick or private, if they fhall fo think fit, in Truft Monies in the fame Manner and with the fame Freedom and Security to themfelves as they might have done if this any Securmes - Act: had not been made. X. And be it further enacted by the Authority aforefaid, That the Sum of eleven thoufand fix hundred ciaufeforappiy- £fty-five Pounds eleven Shillings and nine Pence Half-penny, remaining in the Exchequer for Arrears of ipgthe Arrears feveral Land Taxes, payable in the Year one tifiDufand feven hundred and [twenty- feven or before, (hall j>i°lT° T Lznd " or may be iffued or applied as Part of his Majefty's Supply granted for the Service of the Year one thoufand feven hundred and thirty ; any Law, Statute or Provition to the contrary in any wife not- witbftanding. XL Provided always, and be it enadted by the Authority aforefaid, That all the Monies coming into Aiarion the Exchequer, either by Loans or Exchequer Bills, upon one Act of this Seffion of Parliament, inti- of the Monies tuled, An Ail for granting an Aid to his Majefy by a Land Tax to be raifed in Great Britain for the Service {£ a " ted this of the Tear one thoufand feven hundred and thirty, and fo much Money, if any fuch be, of the Tax thereby e 10n ' granted, as fhall arife and remain after all the Loans or Exchequer Bills made or to be made on the fame Act, and all the Intereft, Premium or Rate, and Charges thereon, and the Charges thereby allow- 4 able