Page:Ruffhead - The Statutes at Large - vol 7.djvu/189

 IT .A. D. I749* Anno vicefimo fecundo Georgii II. C. 22: 145 IX. Provided alfo, and be it further enafted by the Authority aforefaid, That any Peifon or Perfons who Execuiors and as Executor to, or Adminiftrator, Truftee, Co:nmittee of au ideot or Lunatick, or Perfons of unfound rruiiees of ide- Mind, Depofitiiry or Mortgagee, {hall be or become poffefled of, interefted in, or intitled unto any of the °^j'.' '^'^- ""^y laid Bills or Debentures intended to be provided for by this A£i, fliall and may deliver up fuch Bills or De- Byi^'^s^'Jjey bentures as they fhall be fo pofTeffed of, interefted in or intitled unto, to fuch refpedtive Treafurers as afore- AaiUe pofieiTtd (aid ; and as to Executors or Adminiftrators, the Annuities after the faid Rate of four Pounds per CenUirn of, &c. per Annum, which they fliall be intitled to in refpect of the Principal Sums contained in fuch Bills or De- bentures fo by them delivered up, together with the Intereft thereupon, computed to the faid tvventy-fiith T>Vj of March oviS^ thoufand feven hundred and forty-nine, as aforefaid, fliall be the fame Affets in their Hands, as the faid Bills or Debentures were or would have been, had they not been fo delivered up for fuch Annuity as aforefaid; and as to Truft-ees, Committees, Depofitaries and Mortgagees, the Annuity which they fliall be intitled unto, for or in refpeft of fuch Truft or mortgaged Bills or Debentures, which they ■{hall fo deliver up to fuch refpeftive Treafurers as aforefaid, {hall be fubjedt and liable to the fame Trufts and Equity cf Redemption, as fuch Bills or Debentures were or would have been, had they not been fo deliver- ed up for fuch Annuity as aforefaid. X. And be it further enacted by the Authority aforefaid, That it fliall and may be lawful to and for the The Bank. to faid Governor and Company of the Bmih of England, and their Succeffors, or fuch Pei ion or Perfons as "^<^'^'= 'fie Cer. they fliall appoint for that Purpofe, and he and they are hereby refpecSively authorized and required to take .'i'^';S. and in and receive all and every the Certificates, to be made out in lieu of the faid Bills and Debentures, by the ^he^Princ'^pal" refpedive Treafurers of his Majefty's Navy and Ordnance as aforefaid, in Purfuance of the Direflions of Sums. this AS:; and upon the Receipt of every fuch Certificate fliiall, and they are hereby required forthwith to give Credit in a Book or Books to be prepared for that Purpofe, for the principal Sums contained in every fuch Certiiicate fo brought to them as aforefaid ; and the Perfon to whofe Credit fuch Principal Sums fiiall be entered in the faid Book or Books, his, her or their Executors, Adminiftrators or Affigns, {hall and may have Power to aiEgn and transfer tiie fame, or any Part, Share or Proportion thereof, to any other Perfon or Perfons, Bodies Politick or Corporate whatfoever, in other Books to be prepared and kept for that Purpofe ; and tiie Principal Sums fo afligned and transferred, fliall carry the faid Annuity of four Pounds perCentumper Annum, and fhall be taken and deemed to be Stock transferrable by this A£t, accord- ing to the Powers and Authorities herein after mentioned, until Redemption thereof as aforefaid; and the ^^"'^ *° ti'^nf- faid Governor and Company for the time being fliall alfo, on or before the twenty-fourth Day of June one ™"a Copy to thoufand feven hundred and fifty, tranfmit an attefted Duplicate, fairly written on Paper, of the faid Book ' "^ ^<l"'-''» or Books, firft herein after mentioned, into the Office of the Auditor of the Receipt of his Majefty's Ex- chequer, there to remain for ever. XI. And for the more eafy and fure Payment of the feveral Annuities by this Aft made payable as afore- faid, amounting in the Whole to the Sum of three millions two hundred thirty thoufand three hundred eighty-two Pounds five Shillings and one Penny, It is hereby further enafted by the Authority aforefaid. That the faid Governor and Company of the Bank of England^ and their Succ^fTors, fhall from time to The Bank to time, until the faid Annuities, after the Rate of four Pounds per Centum per Annum, fhall be redeemed ac- ""pioy ^ Ca. cording to this A6t, appoint and employ one or more fufficient Perfons within their Office in the City of ^'^'^^"Iq'^" London, to be their chief or firft Cafhier or Cafhiers, and one other fufficient Perfon within the lame Office, nS-''" to be their Accomptant General ; and that fo much of the Monies, from time to time, arifing into the faid xrcafurv to or- Receipt of the Exchequer, of or for the faid SurplufTes, ExcefTes or Overplus Monies, by this Acl: appro- der the Monies priated for this Purpofe, as fhall be fufficient, from time to time, to anfwer the faid Annuities, and other appropriated for Payments direfted to be made or difcharged out of the fame, fliall, by Order of the Commiffioners of the the Annuities, Treafury, or any three or more of them now being, or the High Treafurer, or Commiffioners of the Trea- '°^'"^ fj.","^ ^^ „ fury of his Majefty, his Fleirs or Succeffors for the time being, without any further or other Warrant to be ^^^ ° ""^" ' fued for, had or obtained in that Behalf, from time to time, at the refpedive half yearly Feaft Days, or Days of Payment, in this Aft before appointed for Paymetit thereof, be iflijed and paid at the f^iid Receipt of Exchequer, to the faid firft or Chief^ Cafliier or Cafliiers of the faid Governor and Company of the Bank Kif England, and their Succeliors for the time being, by v/ay of Impreft, and upon Account, for the Pay- ment of the faid Annuities made payable by this Ac^ as aforefaid, at fuch Times, and in fuch Manner and Form, as are by this Aft prefcribed in that Behalf; and that all and every fuch Cafhier or Cafliiers, to Caflner to pay whom the faid Monies fliall, from time to time, be iffued, fhall from time to time, v.-ithout Delay, apply '•''^^."""'"es, and pay the fame accordingly, and render his Account thereof accordino; to the due Courfe of the Exche- ^""^ five an Ac- <.t • u ■ -. • 1 ^ .1 ^ -ii-p !■ count to the quer ; any tnmg herein contained to the contrary notv/ithitanomg. Excheoucr XII. And it is hereby alfo enafted. That the faid Accomptant General for the time being fliall, from Accomptant time to time, jnfpeft and examine all Receipts and Pvayments of the faid Cafhier or Cafhiers, and the Cenrraito in- Vouchers relating thereunto, in crder to prevent any Frauds, Negligence or Delay ; and that all and every Cpe^ the Re- Perfon and Perfons whatfoe.ver, who fhall be i, titled to any of the faid Annuities, after the faid Rate of "^'Tts =nd ray- four Povmds^ftfr Centum per Annum, and all Perfons lav.'fully claiming under them, fhall be poflefled thereof"^"''' as of a Perfcnal Eftate, and the fame fhall not be defccndible to the Heir, and fhall not be liable to any Foreign Attachm.ent by the Cuftom oi London, or otherwii'; ; any Law, Statute or Cuilcm to the contiary notv/ithftanding. XIII. And be it further enafted by the A»uthority aforefaid, That all the Monies Intended to be converted Annuities to be into Annuities by virtue of this Aft, fhall be deemed, reputed and taken to be one Capital or Joint ajomt Stock, Stock, on which the faid Annuities, after the faid Rate of four Pounds per Centirn per Amnim, fliall be at- tending ; and that all and every Perfon and Perfons, and Corporations whatfoever, in Proportion to the Money which he, flie or they fliall be intitled to as aforefaid, fhall have, and be deemed to have a propor- tional Intereft and Share in the faid Stock, and in the Annuity attending the fame, af the Rate aforefaid ; and that the faid whole Capital or Joint Stock, or any Share or Interefl: therein, and the proportional An- ■'"^^'■" '" ^^ . Vol.. VII. U nuity'""^^"^'^^'