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judgement_n action_n bring_v law_n 1,527 5 4.5368 4 false
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A50953 England's glory, or, The great improvement of trade in general, by a royal bank, or office of credit, to be erected in London wherein many great advantages that will hereby accrue to the nation, to the crown, and to the people, are mentioned : with answers to the objections that may be made against this bank / by H.M. Mackworth, Humphrey, Sir, 1657-1727. 1694 (1694) Wing M218; ESTC R22279 22,801 108

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the Commissioners and to deliver his Receipt to them who sitting round a great Table with a great Book before them inserting the Day of such Payment the Names of the Commissioners receiving the same and the Name and Abode of the Person paying the same with their proper Additions and the Summ paid the Party subscribing writing his Name The Form of the Receipt given to all N o WE whose Names are here under subscribed Commissioners appointed by Their Majesties for taking Subscriptions for and towards the raising and paying into the Receipt of the Exchequer the summ of Twelve hundred thousand Pounds pursuant to an Act of Parliament Entituled An Act for Granting to Their Majesties several Rates and Duties upon Tunnage of Ships and Vessels and upon Beer Ale and other Liquors for securing certain Recompences and Advantages in the said Act mentioned to such Persons as shall voluntarily advance the Summ of Fifteen hundred thousand Pounds towards the carrying on the War against France do hereby acknowledge and declare That J. W. of London Citizen hath this day subscribed the Summ of and hath paid to us the Summ of being one fourth Part of his said Subscription according to the said Act and Commission Witness our Hands the _____ day of _____ in the Year of our Lord 1694. June 21. subscribed near 300000 Pounds June 22. subscribed near 200000 Pounds June 23. subscribed near 200000 Pounds And from June 25. to July 2. the remaining Part of the 1200000 l. was subscribed which makes them in a Condition to be a Corporation That the Corporation may be settled to the Satisfaction of the Subscribers the Commissioners or any Five or more after the first of August or so soon as Twelve hundred thousand Pounds are subscribed which shall first happen may affix Publick Notice on the Royal-Exchange for all who have subscribed not less than Five hundred Pounds and paid their fourth Part in to meet on a Day appointed which is not to be sooner than four Days nor later than eight Days after the Notice to Elect Members qualified as hereafter mentioned to be the first Governour Deputy and Directors of the intended Corporation And that all the Subscribers their Heirs c. may meet and chuse out of the whole Subscribers of whom none shall have more than one Vote One Person who hath subscribed in his own Right Four thousand Pounds at least and paid one fourth Part thereof at least at the time of his Subscription to be the first Governour And one other Person who hath subscribed Three thousand Pounds at least and paid in as aforesaid to be the first Deputy-Governour And Twenty four other Persons each of which has severally subscribed in their own Right Two thousand Pounds at least and paid in one fourth Part thereof as aforesaid to be the first Directors which Elections shall be determined by the Majority of Votes then present and in case they be equal then by the Commissioners or the Majority of them That the Persons so elected shall be inserted in the said intended Charter and made the first Governour Deputy-Governour and Directors to continue in their Offices from the Date of the Charter till the 25th of March 1696. and till others be chosen in their Places and sworn subject nevertheless to the Restrictions and Proviviso's in the said Act and to such other Rules as shall be inserted in the Charter to be granted Provided no Subscribers shall be capable to Vote in the Election of the first Governour Deputy or Director until he hath taken the Oath following viz. The OATH I A. B. do swear That the Summ of Five hundred Pounds by me subscribed or the Summ of Five hundred Pounds of the Money by me subscribed is my own proper Money for my own Vse and in my own Right and not in Trust for any Person whatsoever Provided nevertheless That any Quaker who hath subscribed Five hundred Pounds as aforesaid and made and signed the Declaration following viz. I A. B. do sincerely and solemnly declare in the presence of God That the Summ of Five hundred Pounds by me subscribed and so on as in the Oath aforesaid shall be capable to Vote in the said Elections of the first Governour Deputy or Directors Provided That no Subscriber shall be capable to be chosen the first Governour Deputy or Director unless he be a natural-born Subject and hath taken an Oath That the Summs which in the respective Cases of Governour Deputy or Directors are requisite to be subscribed as aforesaid are his own proper Monies subscribed for his own Use and in his own Right and not in Trust for any other Person And any Two of the Commissioners are impowered to administer the said Oaths and Declarations to the Persons who are to be chosen or be the first Governour Deputy and Directors What Corporations Natives and Foreigners may do COrporations Body Politick and Corporate may subscribe any summ not exceeding twenty thousand pounds paying down one fourth part to the Commissioners at Mercers Chapel London and a second fourth part on or before the first day of October next and the other third and fourth parts before the first of January 1694. 2. All Natives and Foreigners may subscribe any summ not exceeding ten thousand pounds Ditto to do and pay in as before-said The Bank-Corporation may purchase Lands Rents Tenements and Hereditaments of what kind soever and may also Sell Grant Demise Alien or Dispose of the same may Sue and Implead and Answer in all Courts of Record or any other place whatsoever and do and Execute all matters and things by the name of the Governour and Company of the Bank of England may borrow or give security by Bill Bond Covenant or Agreement under their Common Seal for any summ of moneys not exceeding twelve hundred thousand pounds may deal in Bills of Exchange home and foreign may buy Bullion Silver and Gold may sell Bullion Silver and Gold may sell any Wares Goods or Merchandizes whatsoever which shall be left or deposited with the said Corporation for Moneys lent and advanced thereon not redeemed at the time agreed on or within three Months after may sell such Goods as are the Produce of Lands purchased by the said Corporation may give out Bill or Bills Obligatory and of Credit under the Seal of the said Corporation to any Person or Persons by Endorsement thereon under the Hand of such Person or Persons may be Assignable and assign'd to any Person or Persons voluntarily accepting the same and so by such Assign Toties Quoties by Endorsement thereupon that such Assignment and Assignments so to be made shall vest and transfer the Right and Property in and to such Bill or Bills Obligatory and of Credit and the Moneys due upon t he same and the Assignee may sue in his own name on default What the Bank-Corporation may not do THE Corporation may not monopolize or ingross or buy up any sort of Goods Wares Merchandizes whatsoever with the Stock-Monies or Effects belonging to the said Corporation in so doing they shall forfeit for every such Dealing and Trading treble the Value of the Goods and Merchandizes so traded for They may not upon any Account of the Corporation at any time or times purchase Lands or Rents belonging to the Crown or advance or lend to their Majesties their Heirs and Successours any Summ or Summs of Money by way of Loan or Anticipation upon any Part or Parts Branch or Branches Fund or Funds of the Revenue granted or hereafter to be granted or belonging to their Majesties their Heirs or Successors in so doing they shall forfeit treble the Value of every such Summ or Summs of Money so lent the one fifth Part to the Informer and the Residue towards Publick Uses as the Parliament shall direct and not otherwise Any Bonds Bills Covenants Agreements Writings made sealed or given under their Common Seal for any Monies or Goods every Member or Members of the Corporation their Heirs Executors or Administrators in their private and personal Capacities are chargeable and liable in Proportion to their several Shares or Subscriptions to the Re-payment of all Money so lent with Interest for the same and an Action of Debt may be brought commenced prosecuted maintained in any of their Majesties Courts of Records against all and every or any one or more of the Members of the said Corporation their Heirs Executors or Administrators in proportion to their Shares or Subscriptions and have Judgment against every Person or Persons as aforesaid as if the Security were sealed by the Persons so sued any Condition to the contrary notwithstanding In Actions so brought no Priviledge Essoign Protection or Wager of Law nor any more than one Imparlance shall be allowed The Corporation may not permit nor suffer any Person or Persons whatsoever in trust for them to trade with any of the Stock Monies or Effects of or any ways belonging to the said Corporation and if they permit it shall forfeit for every such Dealing and Trading treble the Value of all Goods and Merchandise so traded for All Amercements Fines and Issues against the Corporation on account of any Sutes or Actions shall not be pardoned or discharged by any Letters of Signet Privy-Seal or Great-Seal Any Person or Persons obtaining Judgment against the Corporation bringing it to the Exchequer the Officers are required to pay the same Summ or Summs to the Plantiff in the said Execution mentioned whose Receipt shall be a full Discharge for the same and may retain so much of the Yearly Summ of One hundred thousand Pounds as the said Debt shall amount to FINIS