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Power to grant Money on Death of Persons purchasing Deferred Annuities.
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X. The said Commissioners may contract with any such Person or Persons for the Payment of a Sum of Money on his or her Death, provided that the Party contracting for such Payment on Death shall at the same Time purchase a Deferred Annuity depending upon his or her own Life, as the Case may be, and that the Money payable on Death do not exceed the Amount of the Sum paid down for the said Payment on Death and Annuity taken together, and shall in no Case exceed One hundred Pounds in the whole.
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