Page:Ruffhead - The Statutes at Large - vol 7.djvu/137

 A. D. 1748. Anno vicefimo primo G E o R G 1 1 11. C. 2. 93 XXXill. And it is hereby alfo enadled. That the faid Accomptant General for the time being, fiiall, Accomptant from time to time, infpcfl: and examine all Receipts and Payments of the faid Cafliier or Cafhiers, and the General to in- Vouchers relating thereunto, in order to prevent any Fraud, Negligence or Delay; and that all and every fp^fl the Ca- Perfon and Perfons vi^hatfoever, who fliall be intitled to any of the faid feveral and refpecSlive Annuities, fTi't^isR-fc-eipts, after4he Rate of four Pounds per Centum per Jnnum, and all Perfons lawfully claiming under them, fliall tie^a'^'efron^j be poiTefled thereof as of a Pcrfonal Eftate, and the fame fliall not be defcendible to the Heir, and fhall not Eitate, &c. be liable to any Foreign Attachment by the Cuftom oi London or otherwife ; any Lav/, Statute or Cuftom to the contrary notwithitanding. XXXIV. And be it further enafted by the Authority aforefaid. That all the Monies to be advanced or The Monies contributed, or to which any Perfon or Perfons fhall become entitled to upon this ASt, for or towards the contrrouted to faid Sum not exceeding fix millions three hundred thoufand Pounds, together with the additional Capital by ^^ a [""" way of Lottery, fhall be deemed, reputed and taken to be one Capital or Joint Stock, on which the faid ^^^' ' ^' feveral and refpeiSlive Annuities, after the Rate of four Founds per Centum per Annum, fhall be attending ; and that all and every Perfon and Perfons, and Corporations whatfoever, in Proportion to the Money by him, her or them advanced, or to which they fhall become intitled as aforefaid, upon this A£b, fhall have, and be deemed to have a Proportional Intereft and Share in the faid Stock, and in the Annuity attending the fame, at the Rate aforefaid ; and that the faid whole Capital or Joint Stock, or any Share or Interefl: there- and transferable. in, and the proportional Annuity attending the fame, fhall be afiignable and transferrable as this Aft di- reils, and not otherwife ; and that there fhall conffantly be kept at all feafonable Times, in the Office of the ^"^^ ^° ''= ^'^V- faid Accomptant General for :he time being, within the City oi London., a Book or Books, wherein all Af- ™f Transfers, fignments or Transfers of the fiiid whole Capital or Joint Stock, or any Part thereof, and the proportional Annuities attending the fame, at the Rate aforefaid, fhall be entered and regiftered ; which Entries fhall to be figned by be conceived in proper Words for that Purpofe, and Ihall be figned by the Parties making fuch Affign- the Parries ments or Transfers ; or if fuch Parties be abfent, by his, her or their Attorney or Attornies thereunto law- transferring and fully authorized, by Writing under his, her or their Hands and Seals, to be attefled by two or more credi- *<^'^'=pt'"S' ble Witnefles ; and that the Perlbn or Perfons, to whom fuch Transfer fnall be made, do underwrite his, her or their Acceptance thereof; and that no other Method of affigning or transferring the faid Stock, " ,' and the Annuities attending the fame, or any Part thereof, or any Intereft therein, fhall be good or avail- able in Law. XXXV. Provided always. That any Perfon or Perfons pofTeffed of fuch Stock, with the Annuity or An- AnnultJes de- Tiuities attending the fame, or any Eflate or Intereft therein, may devife the fame by Will in Writing, at- vifable by Will, tefled by two or more credible WitnefTes ; but that fuch Devifee fhall receive no Payment thereupon, till fo ^^' much of the faid Will, as relates to the faid Stock or Annuity, be entered in the faid Office ; and in De- fault of fuch Transfer or Devife, the faid Stock and Annuities attending the fame, fhall go to the Execu- tors or Adminiftrators ; and that no Stamp Duties whatfoever fliall be charged on the faid Transfers, or any of them ; any other Law or Sti;tute to the contrary notwithflanding. XXXVI. Provided always, and it is hereby enaifted by the Authority aforefaid, That the faid Governor The Bank tr) and Company of the Bank oi England, and their Succeffors (notwithflanding the Redemption of all or any """"."'^^Com- their own Funds, in purfuance of the A£fs for eflablifhing the fame, or any of them) fhall continue a Cor- ?'">' 'l" ^T. poration, with all the Powers, Privileges and Advantages thereunto belonging, for the Purpofes in this AQ. A^miuWes" ' * expreffed, till all the Annuities to be purchafed on this A&. fliall be redeemed by Parliament, according to the Provilb herein after contained in that Behalf ; and the faid Governor and Company, or any Members thereof, fhall not incur any Difability for or by Reafon of their doing any Matter or. Thing in puriuance of this ASt. XXXVII. And it is hereby enadfed by the Authority aforefaid. That no Fee or Gratuity whatfoever, No Fee for Pay. fhall be demanded or taken of any of his Majefly's Subjects, for receiving or paying the faid Contribution- mentof ContrU monies, or any of them, or for any Tallies or Receipts concerning the fame, or for iffuing the Monies for """■"""'^Xj paying the faid feveral Annuities or any of them ; and that no Fee or Gratuity fhall be demanded or taken ?y. °'f for any Transfer, of any Sum great or fmall, to be made in purfuance of this Aft; upon Pain that any Of- ficer or Perfon offending, by taking or demanding any Fee or Gratuity contrary to this Act, fhall forfeit the Sum of twenty Pounds to the Party grieved, to be recovered with full Cofls of Suit, in any of his Majefly's Penalty. Courts of Record at Wejlmhijler. XXXVIII. Provided always, and be it enafted by the Authority aforefaid. That the Commiffioners of Treafm-y topay the Treafury, or any three or more of them now Ijeing, or the High Treafurer, or any three or more of = Charges of the Commiffioners of the Treafury for the time being, fhall have Power, and they are hereby authorized '{'"'j^'^""' °' out of the faid feveral Subfidies, Rates and Duties by this Aft granted and appropriated as aforefaid, to dif- ' charge all fuch incident Charges as fhall neceffarily attend the Execution of this A£t, in fuch Manner, as to them fliall feem juff and reafonable ; and alfo to fettle and appoint fuch Allowances, out of the Contri- and appointSa- butions to the Annuities granted by this Adas aforefaid, as they fliall think juft and reafonable, for the 1=== foftii^ Service, Pains and Labour of the Cafliier or Cafliiers of the Governor and Company of the Bank o'i Eng-'^^P^^"^.F^'^ land, for receiving and accounting for the faid Contributions ; and alfo fuch further Allov/ances (out of the ™^"'^^"''* faid Subfidies, Rates and Duties by this A£i appropriated) as they fliall think juft and reafonable, for re- ceiving, paying and accounting fo'r the feveral and refpeftive Annuities payable in refpecl thereof; and alfo for the Service, Pains and Labour of the Accomptant General of the faid Governor and Company, for per- forming the Duty and Truft incumbent on him by this ASt ; all which Allowances hereby impowered to he made as aforefaid, in refpeft of the Service, Pains and Labour of any Officer or Officers of the faid Gover- nor and Company, fliallbe for the Ufe and Benefit of the faid Governor and Company, and at their Difpo- fal only ; any thing herein contained to the contrary notwithflanding. XXXIX. And it is hereby enaited by the Authority aforefaid, I'hat if at .any Time or Times the Pro- Dcficlenclps to duce of the faid feveral Subiidies, Rates and Duties fhall happen to be fo IqW'or deficient as that the Mo- be made good. iiies