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No security by bill, bond, &c. by said corporation, for any sum exceeding 600,000l.
and if any further sum borrowed, subscribers, &c. answerable in their private capacities to creditor in proportion to their subscriptions,
and an action of debt may be brought, &c.
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VI. And be it further enacted by the authority aforesaid, That the said corporation, so to be created and made, shall not borrow or give security by bill, bond, note, covenant, or agreement, under their common seal, or otherwise, for any sum or sums of money, exceeding in the whole the sum of six hundred thousand pounds; so that they shall not owe at any one time more than a sum equal to the said sum of six hundred thousand pounds, unless it be by future act or acts of Parliament; and if any more or further sums shall be borrowed or taken up by, or lent or advanced to such corporation, under their common seal or otherwise, or for payment of which any bond, bill, note, covenant, agreement, or other writing, shall be made, sealed, or given, then, and in such case, all and every the person and persons who shall be a member or members of the said corporation, his and their respective heirs, executors, and administrators, shall, in his and their respective private capacities, be chargeable with, and liable in proportion to their several shares and subscriptions, to the repayment of such money which shall be so borrowed, taken up, or lent, with interest for the same, in such manner, as if such security had been a security for payment of so much money, and interest for the same, sealed by such respective member or members of such corporation, and delivered by him and them as their respective acts and deeds, in proportion to their several shares and subscriptions as aforesaid; and that in every such case an action of debt shall and may be brought, commenced, prosecuted, and maintained in any of your Majesty's courts of record at Dublin, by the respective creditor or creditors to whom any such security shall be made, or his or their respective executors or administrators, against all and every and any one or more of the persons who shall be members of the said corporation, or all or any of their respective heirs, executors, or administrators, in proportion to their respective shares or proportions as aforesaid; and therein recover and have judgment for him, her, or them in such and the like manner as if such security were respectively sealed by the respective person or persons who shall be so sued, or his or their respective ancestor or testator, or intestate, and by him and them executed and delivered as his or their respective act and deed; any condition, covenant, or agreement to be made to the contrary thereof in any wise notwithstanding; and if any condition, covenant or agreement shall be made to the contrary, the same shall be and is hereby declared to be void.
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