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Powers of attorney for sale or purchase of stock, and for receipt of dividends and application of moneys.
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9. It shall be lawful for the said Paymaster General and Secretary at War, and during the vacancy of the office of either of them then for the other of them the Paymaster General or Secretary at War for the time being, by letter of attorney duly executed and attested as is required by law, to authorize all or any of the cashiers of the Bank of England from time to time to sell and transfer all or any part of the stock for the time being standing on the account herein-before authorized to be opened, and to purchase stock on the said account, and to receive the dividends due and to become due on stock standing in the said account, and by the said letters of attorney, or by writing under their or his hands or hand, to direct the application of the monies to be received in respect of such sales and dividends; and every such power of attorney shall be exempted from stamp duty; and it shall not be necessary for the Governor and Company or the said cashiers to require any evidence of the direction of the Commissioners of Chelsea Hospital as to the matters so authorized by such letters of attorney and directions of the said Paymaster General and Secretary at War, or, during the vacancy of the office of either of them, by such letters of attorney and directions of the other of them the Paymaster General or Secretary at War for the time being.
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