Page:Ruffhead - The Statutes at Large - vol 7.djvu/56

 i2 :^.' ^. Anno vicefirao Georgii II. A. D. 1747. On Payment of vanced accorJingTy, out of the Monies to be contributed in purfuance of this A£t ; and in cafe any fuch the whole t'ur- Peifot) or Pcifous Ih'dll coiTipkat the Payment of the wholc Purchafe Money, payable for any fuch Annui- thafc Money, tjgg^ [jg^ {]■,£. or they flial] have fuch relpective Sums, as they fhall become intereftcd in, or intitled unto, ths Annu-.ties to forthwith placed to the Credit of the faid Contributors, and made transferrable in the Books of the Bank of be transferfable. ^w^„^/^ ^y ^hjs Aft appointed to be kept for that Purpoie. Contributors not L. Provided, That in cafe any fuch Contributors as aforefaid, who have already depofited with the faid P-iyingwithm Caftiier or Cafliiers, one tenth Part of his, her or their Purchafe Money, or his, her or their Executors, the Tim:s li- Adminiftrators, SuccefTors or Afligns, do not advance and pay to the laid Cafhier or Cafliiers, one other ' tenth Part of his, her or their Confidcration Money fo to be paid for fuch refpedtive Annuity or Annuities as aforefaid, on or before the feventeenth Day o^ February own thoufand feven hundred and forty-fix ; and one fifth Part thereof, on or before the feventeenth Day of March then next enfuing ; and one other fifth Part thereof, on or before the nineteenth Day of May then next enfuing ; and one other fifth Part thereof, on or before the fourteenth Day oi'july then next enfuing; and the remaining fifth Part thereof on or be- to forfeit the fore the twenty-fecond Day of Sepiemlwr then next following ; then, and in every fuch Cafe refpeflively, fa Sura advanced, much of the Confideration Money, as fhall have been aftually paid in Part thereof only to the faid Cafhier or Cafliiers for fuch refpe£tive Annuity, (hall be forfeited for the Benefit of the Publick ; any thing in this Adt contained to the contrary notwithftanding, LI. And for the more eafy and fure Payment of the feveral Annuities by this AiEt authorized to be pur- chafed as aforefaid, amounting in the whole to the Sum of four millions, as alfo of the feveral Annuities payable in refpeft of the faid additional Capital, it is hereby further enadted by the Authority aforefaid, CiiicfCafliler That the faid Governor and Company of the Bank of England^ and their Succeflbrs {hall, from time to and Accomptant time, until the faid feveral and refpeftive Annuities, after the Rate of four Pounds />«■ Centum per Junum, General to be fhall be redeemed according to this AiS, appoint and employ one or more fufficientPerfon or Perfons, with- appoin e . j^ their Office in the City of Zoti^si^, to be their chief Cafliier or Cafliiers, and one other fufficient Perfon, within the fame Office, to be their Accomptant General ; and that fo much of the Monies, from time to time arifing into the faid Receipt of the Exchequer for the faid Rates and Duties by this Adl appropriated for this Purpofe, as fhall be fufficient, from time to time, to anfwer the faid feveral and refpective Annuities, and other Payments diredled to be paid or difcharged out of the fame, fhall, by Order of the Commiffioners of the Treafury, or any three or more of them now being, or the High Treafurer or Commiffioners of the Treafury of his Majefty, his Heirs or Succeflbrs 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 refpeftive half-yearly Feaft Days of Payment, in this AiSl before appointed for Payment thereof, be iflued and paid at the faid Receipt of Ex- Monics for the chequer to the faid firfl or chief Cafhier or Cafhiers of the faid Governor and Company of the Bank of Eni^- Annuitics to be land, and their Succeflbrs for the time being, by way of Imprefl: and upon account, for the Payment as well iflued from the of the faid feveral and refpective Annuities to be purchafed upon this A(St, as of the Annuities payable in Exchequer, &c. refpeft of the faid additional Capital as aforefaid, at fuch Time, and in fuch Manner and Form, as are by Cttrtiiers to make this A8t prefcribed in that Behalf; and that all and every fuch Cafliier or Cafliiers, to whom the faid Mo- Paynicnts, nies fhall from time to time be iflued, fhall, from time to time, without Delay, apply and pay the fame accordingly, and render his Account thereof according to the due Courfe of the Exchequer; any thing herein contained to the contrary notwithftanding. AccomptantGe- LIT. And it is hereby alfo enafted. That the faid Accomptant General for the time being fliall, from time neral to infpca jq time, iiifpeft and examine all Receipts and Payments of the faid Cafhier or Cafhiers, and the Vouchers ceT t^'" "°" '^'^" '■^'^'^'"g thereunto, in order to prevent any Fraud, Negligence or Delay ; and that all and every Perfon and Annuities to be Psrfons whatfoever, who fhall be intitled to any of the faid feveral and refpeiSive Annuities, after the Rate a" Perfonai of four Pounds per Centum perAnnum^ and all Perfons lawfully claiming under them, fhall be poflefTed there- Eflate, &c. of, a? of a Perfonal Eftate, and the fame fliall not be defcendable to the Heir, and fhall not be liable to any Foreign Attachment by the Cuftom of London or otherwife ; any Law, Statute or Cuilom to the contrary notwithftanding. TheMwiescon- LIH. And be it further enafted by the Authority aforefaid. That all the Monies to be advanced or con- tribiittri to bea tributed, or to which any Perfon or Perfons fhall become intitled to, upon this Aft, for or towards the J,;int Stock, &c. fyjj Syf,^ not exceeding four millions, together with the additional Capital of ten Pounds, herein before diredfed to be added to every one hundred Pounds advanced by fuch Contributors, fliall be deemed, repu- ted, and taken to be one Capital or Joint Stock, on which the faid feveral and refpedlive Annuities, after tlie Rate of four Pounds per Centum per Annum, fhall be attending ; and that all and ei'ery Perfon and Per- fons, 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 AiS, fhall have, and be deemed to have, a pro- portional Interert and Share in the faid Stock, and in the Annuity attending the fame, at the Rate afore- fransferrable. ^^'"^ ' ^"'^ ^t ^^^ ^'^^^ whole Capital or Joint Stock, or any Share or Intereft therein, and the proportional Annuity attending the fame, fhall be affigiiable and transferrable as tliis Aiffs diredls, and not otherwife ; Bbolc to be icept and that there fhall conflantly be kept, at all feafonable Times, in the Office of the faid Accomptant Ge- (or Transfers, neral for the time being, within the City oi London, a Book or Books, wherein all Affignments or Tranf- fers of the faid whole Capital or Joint Stock, or any Part thereof, antl the proportional Annuity attending EntricK tobe the fame, at the Rate aforefaid, fhall be entered and regiftrcd ; which Entries fliall be conceived in proper f.gnedbythe Words for that Purpofe, and fhall be figned by the Parties making fuch Affignments or Transfers ; or if Baltics transfer- fuch Parties be abfent, by his, her or their Atitorncy or Attornies thereunto lawfully authorized, in Wri- ring and accept- ting under his, her or their Hands and Seals, to be attefted by two or more credible Witiieffes; and that "'^" the Perfon or Perfons to whom fuch Transfer fhall be made do undcr-write his, her or their Acceptance thereof; and that no other Method of alTigning or transferring the faid Stock, and the Annuities attending the fame, or any Part thereof, or any Intereft therein, fhall be good or available in Law. LIV. Provided