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<TEMPHEAD>
<REVDESCR>
<CHANGE>
<DATE>2009-05-28</DATE>
<RESPSTMT>
<NAME>Scott Lepisto</NAME>
<RESP>MURP</RESP>
</RESPSTMT>
<ITEM>Checklist:
x Add TEMPHEAD, change DATE, validate
x Add DIV TYPEs, validate
x Review structure, use BODY or rarely GROUP
x Check PB placement and completeness, ensure sequence of N=""
x Proof title page(s)
x Check HEAD TRAILER ARGUMENT EPIGRAPH OPENER CLOSER SIGNED SALUTE BYLINE
x Check ^, oe, italic I / J, _Initals, space between &amp;c FIGURE
x Check q; startq endq Q
x Check ligatures if in black letter &abper; &abpro; &abus; &abquod; &absed; &abser; &abcon; &abrum; &abis;
x Correct illegibles from proofsheet
x Check illegible page, para, line, span, word, dollar signs, &punc;
Final validate

Corrected [  ] illegible groups out of [  ].
Converted [  ] illegible groups to GAP DESC="illegible".
DONE</ITEM>
</CHANGE>
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</TEMPHEAD>
<EEBO>
<IDG S="marc" R="UM" ID="A96580">
<STC T="W">w2498</STC>
<BIBNO T="oclc">45578515</BIBNO>
<VID>172427</VID>
</IDG>
<TEXT LANG="eng">
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<DIV1 TYPE="text">
<PB REF="1">
<PB N="1" REF="1" MS="y">
<HEAD>An Ab&s;tract of Their Maje&s;ties Commi&s;&s;ion, under the Great Seal, dated the 15th day of <HI>June</HI> 1694. For taking Sub&s;criptions for the Bank, pur&s;uant to the late Act of Parliament.</HEAD>
<P><HI>The Commi&s;&s;ion recites the Act of Parliament, as followeth,</HI> viz.</P>
<P><HI>WHEREAS</HI> by an <HI>Act,</HI> Intituled, <HI>An Act for Granting to Their Ma|je&s;ties &s;everal Rates and Duties upon Tunnage,</HI> &amp;c. it is <HI>Enacted,</HI> That for four years, from the fir&s;t of <HI>June</HI> 1694, there &s;hall be paid upon the <HI>Tunnage</HI> of all Ve&s;&s;els, wherein any Goods &s;hall be Imported from any the Countries in the <HI>Act</HI> named, or Coa&s;twi&s;e, from Port to Port in <HI>Eng|land,</HI> the &s;everal Rates in the <HI>Act</HI> mentioned, and certain <HI>Additional Duties of Exci&s;e, on Beer, Ale, and other Liquors.</HI></P>
<P>And that <HI>Weekly,</HI> on every <HI>Wedne&s;day,</HI> if not an Holy-Day, and if it be, the next day not being an Holy-Day, all the Monies ari&s;ing by the &s;aid Rates &s;hall be paid into the <HI>Exchequer.</HI></P>
<P>And that <HI>yearly</HI> beginning from the fir&s;t of <HI>June</HI> 1694, the Sum of 140000 <ABBR><HI>l.</HI></ABBR> ari&s;ing out of the &s;aid <HI>Duties</HI> and <HI>Rates</HI> (in ca&s;e the Weekly Payments extend thereunto) &s;hall be the yearly Fund, (and if they do not extend thereunto) then the &s;aid Weekly Payments, &s;o far as they will extend, &s;hall be part of the yearly Fund: And in Ca&s;e the Duties and Rates &s;hall be &s;o low, as that within any one year the Weekly Payment &s;hall not amount to 140000 <ABBR><HI>l.</HI></ABBR> or be &s;ufficient to an&s;wer the Recompences by the Act intended; in &s;uch Ca&s;e, the Commi&s;&s;ioners of the Trea&s;ury are &s;trictly enjoyned, without any Warrant from Their Maje&s;ties, their Heirs, or Succe&s;&s;ors, to make good &s;uch Deficiency, out of any Trea&s;ure or Revenue of the Crown not Appropriated.</P>
<P>And that it &s;hould be Lawful for <HI>Their Maje&s;ties,</HI> to Commi&s;&s;ionate any number of Per&s;ons to receive &s;uch <HI>Sub&s;criptions</HI> as &s;hould be made before the fir&s;t of <HI>Augu&s;t</HI> next, by any <HI>Natives</HI> or <HI>Foreigners,</HI> or <HI>Corporations,</HI> towards paying, into the <HI>Ex|chequer,</HI> the Sum of 1200000 <ABBR><HI>l.</HI></ABBR> and that the yearly Sum of 100000 <ABBR><HI>l.</HI></ABBR> &s;hall be Ap|propriated to &s;uch Sub&s;cribers, <HI>&amp;c.</HI></P>
<P>And that the &s;aid Weekly Payments, as they come in, &s;hall be divided into 5/7 parts, and 2/7 parts, which 5/7 parts &s;hall be Appropriated to the paying of the &s;aid 100000 <ABBR><HI>l.</HI></ABBR> <HI>per Annum,</HI> and &s;hall be paid as the &s;ame comes into the <HI>Exchequer, to the u&s;e of &s;uch Sub&s;cribers.</HI></P>
<P>And that <HI>Their Maje&s;ties</HI> may appoint how the &s;aid 1200000 <ABBR><HI>l.</HI></ABBR> and 100000 <ABBR><HI>l.</HI></ABBR> <HI>per Annum,</HI> &s;hall be <HI>A&s;&s;ignable;</HI> and may <HI>Incorporate</HI> &s;uch Sub&s;cribers by the Name of the <HI>Governor and Company of the Bank of</HI> England, &s;ubject to the Condition of Re|demption.</P>
<P>And if 1200000 <ABBR><HI>l.</HI></ABBR> be not paid into the <HI>Exchequer</HI> by the fir&s;t of <HI>January</HI> 1694. then the Sub&s;cribers &s;hall have only after the Rate of 8 <HI>per Cent. per Annum;</HI> And the Commi&s;&s;ioners of the Trea&s;ury are required without any Warrant from Their Maje&s;ties, Their Heirs or Succe&s;&s;ors, to pay the &s;aid 100000 <ABBR><HI>l.</HI></ABBR> <HI>per Annum.</HI></P>
<P>And that no Per&s;on or Corporation &s;hall Sub&s;cribe more than 20000 <ABBR><HI>l.</HI></ABBR> and every Sub&s;criber, at the time of his Sub&s;cribing, &s;hall Pay &frac14; part of his Sub&s;cription, and in Default thereof, &s;uch Sub&s;criptions &s;hall be void; That the Re&s;idue of the Sub&s;criptions &s;hall be paid into the <HI>Exchequer</HI> before the fir&s;t of <HI>January;</HI> and in Default thereof the &frac14; part &s;hall be Forfeit: And that none before the fir&s;t of <HI>July</HI> &s;hall write above 10000 <ABBR><HI>l.</HI></ABBR></P>
<P>Provided if 1200000 <ABBR><HI>l.</HI></ABBR> or a Moiety be not Sub&s;cribed by the fir&s;t of <HI>Augu&s;t,</HI> then the Power for erecting a Corporation &s;hall cea&s;e; And in &s;uch Ca&s;e, &s;o much of the 100000 <ABBR><HI>l.</HI></ABBR> as &s;hall belong to the Sub&s;cribers may be A&s;&s;ignable, and that the Monies payable by the Act, to any Per&s;on, &s;hall not be Chargeable with any Duties or Im|po&s;itions, as by the &s;aid Act may appear.</P>
<P>Their Maje&s;ties being Re&s;olved, That if the whole 1200000 <ABBR><HI>l.</HI></ABBR> or a Moiety or more thereof be Sub&s;cribed by the fir&s;t of <HI>August</HI> next, to Incorporate the Sub&s;cri|bers, have nominated and appointed, <HI>A. B.</HI> &amp;c. (the Commi&s;&s;ioners named in the Commi&s;&s;ion) or any 5 or more of them to take the voluntary Sub&s;criptions of any Natives, Foreigners, or Bodies Politick, before the &s;aid fir&s;t of <HI>Augu&s;t,</HI> towards rai&s;ing the &s;aid 1200000 <ABBR><HI>l.</HI></ABBR> taking care that none write above 20000 <ABBR><HI>l.</HI></ABBR> And that before the fir&s;t of <HI>July</HI> none write above 10000 <ABBR><HI>l.</HI></ABBR></P>
<PB N="2" REF="2">
<P>That within Ten Days after the date hereof, the Commi&s;&s;ioners, or any Five or more of them, &s;hall provide a convenient publick Office, within the Cities or Sub|urbs of <HI>London</HI> and <HI>We&s;tmin&s;ter,</HI> for taking Sub&s;criptions, giving &s;uch publick Notice thereof as they think fit: And al&s;o a Book or Books of Vellum for the &s;aid Sub&s;criptions, to lie open every day but Sundays, from 8 to 12 in the morning, and from 3 to 8 in the afternoon, until the fir&s;t of <HI>August,</HI> unle&s;s 1200000 <ABBR><HI>l.</HI></ABBR> be &s;ooner Sub&s;cribed.</P>
<P>That in the Title of every Book &s;hall be written, That the &s;ame contains the Sub|&s;cription, Authorized to be made by the &s;aid Act, and this Commi&s;&s;ion, of the re&s;pective Sums which the &s;aid &s;everal Per&s;ons &s;hall &s;et again&s;t their Names, &frac14; part of which Sums is to be paid by each Sub&s;criber at the making &s;uch Sub&s;cription, to the Hands of the Commi&s;&s;ioners, and the Re&s;idue as is hereafter directed.</P>
<P>That the Commi&s;&s;ioners take care that the Sums be written in Words at length as well as Figures, with a Column for the Day of each Sub&s;cription.</P>
<P>That the Sub&s;cription &s;hall be atte&s;ted under the Hands and Seals of two or more of the Commi&s;&s;ioners pre&s;ent at the taking them.</P>
<P>That no Sub&s;cription be made after the Fir&s;t of <HI>Augu&s;t,</HI> and that the Commi&s;&s;ioners or any five or more, after the Fir&s;t of <HI>Augu&s;t,</HI> or after the &s;aid 1200000 <ABBR><HI>l.</HI></ABBR> is Sub&s;cribed, (which &s;hall fir&s;t happen) make true Duplicates in Parchment of the whole Sub&s;crip|tions, and deliver the &s;ame atte&s;ted by Five or more of the Commi&s;&s;ioners, into the Auditors Office of the <HI>Exchequer</HI> to be there Recorded, that it may appear whether the whole 1200000 <ABBR><HI>l.</HI></ABBR> was written within the time limited, and by whom.</P>
<P>And Their Maje&s;ties do enjoyn the &s;aid Commi&s;&s;ioners, or any Five, to receive from every Sub&s;criber at the time of his Sub&s;cribing a &frac14; part of his Sub&s;cription in ready Money.</P>
<P>And that the Commi&s;&s;ioners, or any 9 or more, may appoint Ca&s;hiers for keeping the Money to be approved of by the Commi&s;&s;ioners of the Trea&s;ury, or any three, taking &s;uch Security as the Commi&s;&s;ioners think fit in Their Maje&s;ties Name, to be approved by the Commi&s;&s;ioners of the Trea&s;ury, as afore&s;aid. And Their Maje|&s;ties Command the Commi&s;&s;ioners and Ca&s;hiers, who &s;hall receive the &s;aid Fourth part, to keep it &s;afely till it &s;hall be payable into the <HI>Exchequer,</HI> as is hereafter di|rected, <HI>viz.</HI> Their Maje&s;ties Command the &s;aid Commi&s;&s;ioners and Ca&s;hiers, that in ca&s;e the whole 1200000 <ABBR><HI>l.</HI></ABBR> or a Moiety, or any greater part be Sub&s;cribed before the Fir&s;t of <HI>Augu&s;t,</HI> as &s;oon as the Charter &s;hall be pa&s;&s;ed under the Great Seal, to pay all the &s;aid Fourth Part into the <HI>Exchequer,</HI> in the Name of the Governor and Company of the Bank of <HI>England.</HI></P>
<P>And upon &s;uch Payment the Commi&s;&s;ioners of the Trea&s;ury and Officers of the <HI>Exchequer</HI> are required to &s;trike Talleys, Importing &s;o much received from the &s;aid Corporation, by the hands of the &s;aid Commi&s;&s;ioners, and to draw and Sign <HI>Exche|quer</HI> Orders for paying the &s;aid Corporation, and their Succe&s;&s;ors for ever (Subject to the Condition of the Redemption) a proportionable part of the &s;aid 100000 <ABBR><HI>l.</HI></ABBR> <HI>per Annum,</HI> for every Sum of the fir&s;t fourth part &s;o paid.</P>
<P>And in ca&s;e 600000 <ABBR><HI>l.</HI></ABBR> be not Sub&s;cribed by the Fir&s;t of <HI>Augu&s;t,</HI> Their Maje&s;ties Command the Commi&s;&s;ioners and Ca&s;hiers who &s;hall have the Cu&s;tody of the 4th part, to pay the &s;ame into the <HI>Exchequer</HI> in the name of the Sub&s;cribers, their Heirs, <HI>&amp;c.</HI> and upon every &s;uch Payment, the Commi&s;&s;ioners of the Trea&s;ury, and the other Officers are to Strike Talleys for the &s;ame, Importing &s;o much received from the re|&s;pective Sub&s;cribers, by the Hands of the Commi&s;&s;ioners, and to draw <HI>Exchequer</HI> Or|ders for paying the &s;aid Sub&s;cribers, their Heirs, <HI>&amp;c.</HI> for ever (Subject to the &s;aid Redemption) proportionable parts of the &s;aid 100000 <ABBR><HI>l.</HI></ABBR> <HI>per Annum,</HI> for every Sum paid into the <HI>Exchequer;</HI> and this Commi&s;&s;ion, or the Enrollment thereof &s;hall be to the &s;aid Commi&s;&s;ioners of the Trea&s;ury and Officers a &s;ufficient Warrant in that behalf.</P>
<P>And as to the remaining &frac14; parts of the &s;aid Sub&s;cription, Their Maje&s;ties declare the 2d 4th part &s;hall be paid into the <HI>Exchequer</HI> by the Fir&s;t of <HI>October</HI> next: And the remaining 2/4 parts &s;hall be paid before the fir&s;t of <HI>January</HI> next.</P>
<P>And if 1200000 <ABBR><HI>l.</HI></ABBR> or a Moiety or any greater part thereof be &s;ub&s;cribed by the fir&s;t of <HI>Augu&s;t,</HI> then all the Money &s;ub&s;cribed (the fir&s;t 4th part only excepted) &s;hall be paid into the <HI>Exchequer</HI> as the Governor or Deputy-Governor of the &s;aid Corpo|vation, and 13 or more of the Directors in the &s;aid intended Charter &s;hall appoint, &s;o as a full 2d part be entirely paid into the <HI>Exchequer</HI> by the fir&s;t of <HI>October</HI> next, and the remaining &frac34; parts before the fir&s;t of <HI>January</HI> next. And if 600000 <ABBR><HI>l.</HI></ABBR> or more, be not Sub&s;cribed by the fir&s;t of <HI>Augu&s;t,</HI> then all the Money Sub&s;cribed (the fir&s;t 4th part only excepted) &s;hall be paid into the <HI>Exchequer</HI> by the &s;everal Sub&s;cribers their Heirs, <HI>&amp;c.</HI> by the Times and Proportions before limited.</P>
<PB N="3" REF="2" MS="y">
<P>And upon every &s;uch payment of any of the la&s;t &frac34; parts. Their Maje&s;ties Com|mand the Commi&s;&s;ioners of the Trea&s;ury, and the Officers of the <HI>Exchequer</HI> to &s;trike Talleys as well for the Money paid in by the Corporation, as by the Sub&s;cribers, and draw &s;uch <HI>Exchequer</HI> Orders as afore&s;aid, for the proportionable parts of the &s;aid yearly Fund, to be paid in each ca&s;e re&s;pectively, either to the Corporation or Sub|&s;cribers, according to the Act, Subject to the &s;aid Redemption.</P>
<P>And Their Maje&s;ties Command the Commi&s;&s;ioners, or any 5 or more receiving the &s;aid fir&s;t 4th part, to give the Per&s;ons paying the &s;ame a Receipt in Writing for the &s;everal Sums &s;o received, and enter the &s;ame in a Book in&s;erting the day of &s;uch Payment, the names of the Commi&s;&s;ioners receiving the &s;ame, and the Name and Abode of the Per&s;ons paying the &s;ame, with their proper Additions and the Sum paid.</P>
<P>And that the Commi&s;&s;ioners, or any five, after the Fir&s;t of <HI>Augu&s;t,</HI> without delay, &s;hall make a fair Accompt in Parchment of all the &s;aid Receipts, with the particu|lars expre&s;&s;ed, as afore&s;aid, and deliver the &s;ame, atte&s;ted by any five or more Com|mi&s;&s;ioners, into the Auditors Office of the <HI>Exchequer,</HI> there to be Recorded, as well to charge the &s;aid Commi&s;&s;ioners or their Ca&s;hiers with the Money, as to guide the Commi&s;&s;ioners of the Trea&s;ury, and other Officers, with the payment of the Appro|priated Fund.</P>
<P>Their Maje&s;ties require the Commi&s;&s;ioners to meet and attend at the publick Office; and if it &s;hall be thought mo&s;t Convenient to have &s;everal Offices, the Commi&s;&s;ioners may Subdivide them&s;elves, taking care that &s;ome attend in each Office, and that they and their Ca&s;hiers diligently attend Their Maje&s;ties Service.</P>
<P>And the Commi&s;&s;ioners of the Trea&s;ury, <HI>&amp;c.</HI> are required to be a&s;&s;i&s;ting to the Commi&s;&s;ioners, and out of any of Their Maje&s;ties Trea&s;ure (not appropriated by Act of Parliament) to i&s;&s;ue and pay to &s;uch Per&s;on as they &s;hall appoint, &s;uch Mo|ney as &s;hall be nece&s;&s;ary to be laid out in the Execution of the Commi&s;&s;ion.</P>
<P>And that the Corporation may be &s;etled to the Satisfaction of the Sub&s;cribers, Their Maje&s;ties direct, That the Commi&s;&s;ioners, or any five or more, after the Fir&s;t of <HI>Augu&s;t,</HI> or &s;o &s;oon as 1200000 <ABBR><HI>l.</HI></ABBR> is &s;ub&s;cribed, which &s;hall fir&s;t happen, do affix publick Notice on the <HI>Royal Exchange,</HI> for all tho&s;e who have &s;ub&s;cribed,<NOTE PLACE="marg">They mu&s;t take the Oaths before they Vote.</NOTE> not le&s;s than 500 <ABBR><HI>l.</HI></ABBR> and paid their Fourth Part, to meet on a Day appointed, which is not to be &s;ooner than four Days, nor later than eight Days after the Notice, to Elect Per|&s;ons qualified, as hereafter mentioned, to be the fir&s;t Governor, Deputy, and Di|rectors of the intended Corporation.</P>
<P>And that all the Sub&s;cribers, their Heirs, <HI>&amp;c.</HI> may meet and Choo&s;e out of the whole Sub&s;cribers (of whom none &s;hall have more than one Vote) one Per&s;on, who hath &s;ub&s;cribed in his own Right 4000 <ABBR><HI>l.</HI></ABBR> at lea&s;t and paid &frac14; Part thereof at lea&s;t, at the time of his Sub&s;cription to be the fir&s;t Governor, and one other Per&s;on, who hath Sub&s;cribed 3000 <ABBR><HI>l.</HI></ABBR> at lea&s;t, and paid &frac14; Part thereof, in manner afore&s;aid, to be the fir&s;t Deputy Governor, and Twenty four other Per&s;ons, each of which have &s;everally Sub&s;cribed in their own Right 2000 <ABBR><HI>l.</HI></ABBR> at lea&s;t, and paid &frac14; Part thereof as afore&s;aid, to be the fir&s;t Directors, which Elections &s;hall be determined by the Majority of Votes then pre&s;ent, and in ca&s;e they be equal, then by the Commi&s;&s;ioners, or the Major Part of them.</P>
<P>That the Per&s;ons &s;o Elected &s;hall be in&s;erted in the &s;aid intended Charter, and made the fir&s;t Governor, Deputy Governor, and Directors, to continue in their Offices from the Date of the Charter till the 25th of <HI>March</HI> 1696, and till others be cho&s;en in their Rooms, and Sworn, &s;ubject neverthele&s;s to the Re&s;trictions and Provi&s;oes in the &s;aid Act, and to &s;uch other Rules as &s;hall be in&s;erted in the Charter, the Draught whereof is contained in the Scedule annexed.</P>
<P>Provided no Sub&s;criber &s;hall be capable to Vote in the Elections of the fir&s;t Go|vernor, Deputy, or Directors, untill he hath taken the Oath following, <HI>viz. I</HI> A. B. <HI>do &s;wear that the Sum of</HI> 500 <ABBR>l.</ABBR> <HI>by me Sub&s;cribed (or the Sum of</HI> 500 <ABBR>l.</ABBR> <HI>of the Money by me Sub&s;cribed) is my own proper Money, for my own U&s;e, and in my own Right, and not in Tru&s;t for any Per&s;on what&s;oever.</HI></P>
<P>Provided neverthele&s;s, That any Quaker, who hath Sub&s;cribed 500 <ABBR><HI>l.</HI></ABBR> as afore|&s;aid, and made and &s;igned the Declaration following, <HI>viz. I</HI> A. B. <HI>do &s;incerely and &s;o|lemnly declare, in the Pre&s;ence of God, that the Sum of</HI> 500 <ABBR><HI>l.</HI></ABBR> <HI>by me Sub&s;cribed</HI> (and &s;o on as in the Oath afore&s;aid) &s;hall be capable to Vote in the &s;aid Elections of the fir&s;t Governor, Deputy, or Directors.</P>
<P>Provided that no Sub&s;criber &s;hall be capable to be cho&s;en the fir&s;t Governor, De|puty, or Director, unle&s;s he or they be a Natural Born, or Naturalized Subject, <HI>and
<PB N="4" REF="3">hath,</HI><NOTE PLACE="marg">They mu&s;t take the Oaths before they &s;tand Can|didates.</NOTE> <HI>or have taken an Oath, that the Sums, which in the re&s;pective Ca&s;es of Governor, De|puty or Directors, are requi&s;ite to be &s;ub&s;cribed as afore&s;aid, are his own proper Moneys, &s;ub&s;crib|ed for his own U&s;e, and in his own Right, and not in Tru&s;t for any other Per&s;on; and any two of the Commi&s;&s;ioners are empowered to Admini&s;ter the &s;aid Oaths and Declarations to the Per|&s;ons who are to Choo&s;e, or be the fir&s;t Governor, Deputy, and Directors.</HI></P>
<P>And that all Sub&s;cribers may be a&s;&s;ured and &s;atisfied, the Powers ve&s;ted in their Maje&s;ties, by the Act to Erect a Corporation, &s;hall be truly executed, Their Maje|&s;ties Promi&s;e and Declare, and al&s;o Covenant, Grant, and Agree with the Commi&s;|&s;ioners, on behalf of them&s;elves and every Sub&s;criber, that in ca&s;e the whole 1200000 <ABBR><HI>l.</HI></ABBR> or a Moiety, or any greater Part thereof &s;hall be Sub&s;cribed on the &s;aid Act, or in pur&s;uance of this Commi&s;&s;ion, before the fir&s;t of <HI>Augu&s;t</HI> next, then imme|diately after the &s;aid fir&s;t Day of <HI>Augu&s;t,</HI> or &s;o &s;oon as 1200000 <ABBR><HI>l.</HI></ABBR> be Sub&s;cribed, which &s;hall fir&s;t happen, Their Maje&s;ties will Grant a Charter to Incorporate all the Sub&s;cribers then living, who &s;hall not have A&s;&s;igned their Intere&s;t, and (in ca&s;e any of them be dead) their Heirs, and (in ca&s;e any of the Sub&s;cribers &s;hall have A&s;&s;igned their Intere&s;t) their A&s;&s;ignees to be one Corporation, called the Governor and Com|pany of the Bank of <HI>England,</HI> with &s;uch Powers, Priviledges, <HI>&amp;c.</HI> and under &s;uch Rules, Power of Redemption, and Re&s;trictions, as are contained in the &s;aid Act, or intended by the Schedule annexed, and with &s;uch further Power as &s;hall be advi&s;ed by the Sub&s;cribers Councel, and approved by Their Maje&s;ties Attorney or Sollicitor General.</P>
<P>And Their Maje&s;ties direct, That the whole Sum Sub&s;cribed, &s;hall be, and be called, <HI>A Common, Capital, and Principal Stock:</HI> And that every Per&s;on, according to the Sum &s;ub&s;cribed and paid, &s;hall have an Intere&s;t and Share in the &s;aid Principal Stock of 1200000, and in the &s;aid yearly Fund of 100000 <ABBR>l.</ABBR> <HI>per Annum;</HI> which Intere&s;t may be a&s;&s;igned to any Per&s;ons or Bodies Politick, and &s;o over <HI>(toties quoties)</HI> as fully as any other Intere&s;t which is by Law a&s;&s;ignable; which A&s;&s;ignment &s;hall ve&s;t the Intere&s;t in the A&s;&s;ignee, his Heirs, <HI>&amp;c.</HI> and after &s;uch A&s;&s;ignment, it &s;hall not be in the Power of the A&s;&s;ignor to revoke or void the &s;ame, &s;o as it be made in Writing, and Regi&s;tred in manner following, <HI>viz.</HI> All A&s;&s;ignments made before the fir&s;t of <HI>Au|gu&s;t,</HI> or the full Sub&s;cribing of the &s;aid 1200000 <ABBR><HI>l.</HI></ABBR> (which &s;hall fir&s;t happen) and be|fore Granting the Charter, &s;hall be entered in the Auditor's Office of the <HI>Exchequer,</HI> within &s;ix days after the making thereof: And all A&s;&s;ignments made after the &s;aid Charter, &s;hall be Regi&s;tred in the Form thereby pre&s;cribed.</P>
<P>And if for Default in Sub&s;cribing 600000 <ABBR><HI>l.</HI></ABBR> before the fir&s;t of <HI>Augu&s;t,</HI> the Powers in the Act for Erecting a Corporation &s;hall cea&s;e, then all A&s;&s;ignments &s;hall be entered in the Office of the Remembrancer in the <HI>Exchequer,</HI> as the Act directs.</P>
<P>Provided, That the Commi&s;&s;ioners joyned in this Commi&s;&s;ion &s;hall be lyable to Their Maje&s;ties, every one for his own Actings, and not one for another, or for the Ca&s;hiers, or in any ca&s;e where there is not particular fraud.</P>
<P>Provided, That every of the Commi&s;&s;ioners acting in this Commi&s;&s;ion be Sworn to the faithful Di&s;charge thereof; and Their Maje&s;ties empowereth the Lord Keeper, Lord Chancellor, and Chief Baron of the <HI>Exchequer,</HI> or &s;uch two of the Commi&s;&s;ioners as &s;hall be fir&s;t Sworn before &s;ome of them to admini&s;ter &s;uch Oaths in the&s;e Words, viz. <HI>I</HI> A, B. <HI>do &s;wear, that I will faithfully execute the Tru&s;t in me repo&s;ed, as one of the Commi&s;&s;ioners appointed by Their Maje&s;ties for taking Sub&s;criptions, and doing other things pur&s;uant to the Act of Parliament, to the be&s;t of my Skill, without Deceit.</HI></P>
<P>Provided, That if any of the Commi&s;&s;ioners dye before all things hereby intended are accompli&s;hed, this Commi&s;&s;ion &s;hall not determine, but be performed by the re&s;t, &s;o there be a &s;ufficient Number left.</P>
<P>And in Default thereof, Their Maje&s;ties promi&s;e, That a new Commi&s;&s;ion &s;hall be granted for the Accompli&s;hment of all things intended for the Security of the Sub&s;cribers.</P>
<P>Provided al&s;o, that any of the Commi&s;&s;ioners may be Sub&s;cribers, and the re&s;t, or &s;o many as afore&s;aid, may take &s;uch Sub&s;criptions from any of the Commi&s;&s;ioners, and receive the Money, and do all other things thereupon directed, as in the ca&s;e of other Sub&s;cribers; and that where any of the Commi&s;&s;ioners Sub&s;cribe, &s;uch Sub|&s;cription &s;hall be made before, and atte&s;ted in the Book by &s;ome other of the Com|mi&s;&s;ioners who are to give Receipts for the &s;ame.</P>
<P>And La&s;tly, That this Commi&s;&s;ion, or the Inrollment thereof, &s;hall be a &s;ufficient Warrant to every of the Commi&s;&s;ioners for all Things done in pur&s;uance thereof.</P>
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