Page:Ruffhead - The Statutes at Large - vol 7.djvu/272

 2 28 C, i 6. Anno vicefimo tertio Georgii II. A. D. 1750. Eank to employ VI. And for the morc eafy and fure Payment of the faid Annuities to be purchafed as aforefaid, according a Chief Caftiier ^q j-y^g tf^g Meaning of this prefeiit Aft ; it is hereby enacted by the Au'.hority aforefaid. That the faid Go- and Accomptant ^,£-^,^5^ and Company of the Banlc of England^ and their Succeiibrs, fhall, from time to time, until the faid Pav"erto7thc Annuities fhall be redeemed by Parliament according to this A(ft, appoint and employ one fufricient Perfon Ajimriiic!; • within their Office in the City of London, to be their Chief or Firft Cafhier or Cafliiers, and one other fuf- ficient Perfon within the fame Office, to be their Accomptant General ; and that fo much of the Monies of the faid SurplufTes, Exceffes or Overplus Monies of the Fund, commonly called the Sinking Fund, which fhall or ought to be, from time to time, feparated and fet apart in the faid Receipt of Exchequer, for an- fwering the faid Annuities to be purchafed upon this A£l, after the faid Rate of three Pounds per Centum per Annum, fhall by Order of the Commiffioners of his Majefty's Treafury, or any three or more of them now being, or of the High Treafurer, or Commiffioners of the Treafury of his Majefty, his Heirs and Succef- Ibrs for the time being, without any further or other Warrant to be fued for, had or obtained in that Be- and the Monies half, be, from time to time, Half-yearly as aforeiaid, iflued and paid at the faid Receipt of Exchequer, to to be paid to the faid Firft or Chief Cafhier or Cafliiers of the faid Governor and Company of the Banlc of England, and themHalf-yearly gf their SuccefTors for the time being, by way of Imprell:, and upon Account of the Payment of the faid at the Exchequer, y^p,nuities fo purchafed upon this Act, at fuch Times, and in fuch Manner and Form, as are by this Act reft^ &c '"' prefcribed in that Behalf; and that all and every Cafhier and Cafliiers, to whom the faid Monies fhall, from ^ ' ' time to time be ifTiied, fliall from time to time, without Delay, apply and pay the fame accordingly, and lender his Accounts thereof, according to the due Courfe of the Exchequer ; any thing herein contained to the contrary notwithftanding. AccnmptantGe- VII. And it is hereby alfo ena£ted. That the faid Accomptant General for the time being fhall, from ji?fal to inCpea time to time, ini'pect and examine all the Receipts and Payments of the faid Cafhier or Cafhiers, and the the Cafliiers Re- y-Qy^-j^gj-j j.g]jj(j„g (-hereunto, in order to prevent any Fraud, Negligence or Delay ; and that all and every ccipts and Pay- Pg^fon and Perfons whatfoever, who fhall be intitled tp any of the faid Annuities, after the Rate of three Annuities to be Pounds per Centum per Annum, and all Perfons lawfully claiming under them, fhall be pofieiTed thereof, as of al^erional Eftate. a PerfoHal Eftate, and the fame fhall not be defcendable to the Heir, and fhall not be liable to any Fo- reign Attachment by the Cuftom of London, or otherwife ; any Law, Statute or Cuftom to the contrary notwithflandiqg. The Monies VIII. And be it further ena£ted by the Authority aforefaid. That all the Monies to be advanced or con- contributed to tributed upon this Aft, for or towards the faid Sum not exceeding one million, fhall be deemed, reputed, he deemed a ^^^^ taken to be one Capital or Joint Stock, on which the faid Annuities, after the Rate of three Pounds Joint tui. , ^^^. Q^fifi^jj^ pgy Jnnum, fhall be attending ; and that all and every Perfon and Perfons, and Corporations ■whatfoever, in Proportion to the Money, which he, fhe or they fhall be intitled to, as aforefaid, fhall have, and be deemed to have a proportional Intercitand Share in the faid Stock, and in the Annuity attending which may be the fame, at the Rate aforefaid ; and that the faid whole Capital or Joint Stock, or any Share or Intereff transferred, therein, and the proportional Annuity attending the fame, fhall be affignable and transferrable as this Aft di- refts, and not otherwife ; and that there fhall conftantly be kept at all feafonable Times in the Office of the faid Accomptant General for the time being, within the City of London, a Book or Books wherein all Af- fignments or Transfers of the faid whole Capital or Joint Stock, or any Part thereof, and the proportional IWethod of tranf- Annuity attending the fame, at the Rate aforefaid, fhall be entered and regiftered ; which Entries fhall be lunng, conceived in proper Words for that Purpofe, and fhall be figned by the Parties making fuch Affignments or Transfers, or if iuch Party be abfent, by his, her or their Attorney or Attornies, thereunto lawfullv autho- rized by Writing under his, her or their Hands and Seals, to be attefled by two or more credible 'WitnefTes ; and that thePerlon or Perfons to whom fuch Transfer fhall be made, do underwrite his, her or their Accep- tance thereof; and that no other Method of affigning or transferring the faid Stock, and the Annuities at- .- tending the fame, or any Part thereof, or any Interelt therein, fliall be good and available in Law; and that wiiK-out Stamps, no Stamp Duties whatfoever fhall be charged on the faid Transfers, or any of them ; any other Law or Sta- tute to the contrary notwithftanding. No Annuities to ]X. And it is hereby enafted and declared, That no Perfon or Perfons whatfoever fhall or may purchafc be oUained, un- ^j. obtain, or be admitted to purchafe or obtain, any of the Annuities at the Rate aforefaid, upon this A£t, Cer»t.°be paid unl^fs the Whole, or ten Pounds per Centum, Part at leafl: of the Confideration Money for the fame, at fuch before 20 Airil Rate as aforefaid, be advanced and paid to the faid Cafliier, on or before the twentieth of April one thou- 15). fand feven hundred and fifty. '. I'ciiopsnotpay- X. Provided alfo. That in cafe any fuch Contributor as aforefaid, who fliall, on or before the faid twen- injthL-.vhi.ie fieth Day of Apr/lone thoufand feven hundred and fifty, have advanced to the faid Cafhier or Cafhiers, ten Purthjie Mo- 'Pounds per Centum, i;i Part of his, her or their Purchafe Money, or his, her or their Executors, Admini- Timited "^ flrators, SuccefTors or Affigns, do not advance and pay to the faid Cafhier or Cafliiers, fifteen Pounds per Centum, in further Part of his, her or their Confideration Money, fo to be paid for fuch refpcftive Annuity or Annuities as aforefaid, on or before the twentieth Day oi June then next enfuing ; and twenty-five Pounds ^^?' CcntiiTn, in further Part thereof, on or before the eighteenth Day of AuguJI ttn next enfuing j and twenty-five Pounds per Centum, in further Part thereof, on or before the eighteenth Day of Ondery then next enfuing; and the remaining twenty-five Pounds /)«• CVw/.vw, on or before the eighteenth Dav of to forfeit their December then next following ; then, and in every fuch Cafe refpedtively, fo much of the Confideration Mo- firtt Payment, ney as fliall have been aftually paid for the firft Payment to the faid Calhier or Calhiers for fuch refpeftive Annuity, fhall be forfeited for the Benefit of the Publick, and no Intereft, at the Rate aforefaid, fhall The Banlc to ^^ payable for the faid firft Payment ; any thing in this Aft contained to the contrary notwithftanding. continue a Cor- ^^- Provided always, and it is hereby enafted by the Authority aforeiaid, Tliat the faid Governor and poration till Company of the Bank of England, and their SuccefTors (notv/ithflanding the Redemption of all or any of the Annuities their own Funds in purfuance of the Afts for eftablifhing the fame, or any of" them) fhall continue a Cor- ar« redeemed. poratloU,