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No one person to subscribe a sum exceeding 10,000l.
1–4th to be paid at time of subscription,
and remainder before 1 Jan. 1784,
and in default of payment, prior sums forfeited.
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IV. Provided always, and be it enacted by the authority aforesaid, That no one person or body politick or corporate, shall by himself, herself, or themselves, or by any person or persons in trust for him, her, or them, subscribe, or cause to be subscribed for and towards the raising the said sum of six hundred thousand pounds sterling, any sum or sums of money exceeding the sum of ten thousand pounds sterling, for the use of such person or body politick or corporate respectively; and that every such subscriber shall, at the time of such subscription, pay, or cause to be paid unto the commissioners who shall be authorized and appointed for taking and receiving subscriptions as aforesaid, one full fourth part of his, her, or their respective subscriptions; and in default of such payment as aforesaid, every such subscription shall be utterly void and null; and that the residue of the said subscriptions shall be paid into his Majesty's treasury, in such manner and proportions, and at such times before the first day of January one thousand seven hundred and eighty four, as such commissioners shall direct and appoint; and in default of any such payments, that then such part or parts as shall have been paid as aforesaid, shall be forfeited to and for the benefit of the said bank, to be applied towards any purposes for the beginning or better carrying on the business of the same as aforesaid.
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