Selected quad for the lemma: authority_n
Text snippets containing the quad
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A45846
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In the act for raising two millions, and for setling the trade to the East-Indies, are the following clauses, viz; Public General Acts. 1697. 9 & 10 William III c.44. Selections.
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England and Wales.
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1698
(1698)
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Wing I123; ESTC R215991
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1,696
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2
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In the Act for Raising Two Millions and for Setling the Trade to the East-Indies are the following Clauses Viz. Fol 763. AND Be it further Enacted by the Authority aforesaid That if the said whole Sum of Two Millions or one Moiety or any greater part thereof shall be Subscribed on or before the said Nine and twentieth Day of September One thousand six hundred ninety eight and all or any Corporations or other Person or Persons having particular Shares or Interests in the Principal Stock of the General Society or in proportionable Annuities or Yearly Payments issuing out of the said Yearly Fund shall be willing and desirous to unite or join together such their several Shares and Interests and to be Incorporated so as they may be able to Manage their Trade in proportion to their Interests as a Company and by a Joint Stock That then it shall or may be lawful to and for His Majesty by Letters Patents under the Great Seal of England to Incorporate all such Persons and Corporations by such proper Name as His Majesty His Heirs or Successors shall think fit to be One Company with Power to Manage and Carry on their Trade to the East-Indies and other the Limits aforesaid by a Joint Stock and to have a perpetual Succession and a Common Seal and with Power to Grant and Take Sue and be Sued and to Choose their own Managers or Directors and Officers from time to time and such other Powers and Clauses as shall be necessary or requisite for the Carrying on of such Trade and shall be Reasonable for His Majesty to Grant Nevertheless such Company so to be Created with Power to Trade with a Joint Stock as aforesaid shall be restrained to such proportion of the Trade in the whole as all the particular Members thereof would have been Intituled to at the Rate before-mentioned in case such new Company were not made And the Directors or Managers and other Members of the same shall be subject to such further Rules Qualifications and Appointments as His Majesty in their Charter shall think necessary or reasonable to be Inserted Fol. 777. And the said Commons of England in Parliament Assembled for the Ends and Purposes in this Act expressed have also Given and Granted unto His Majesty His Heirs and Successors the further Rates and Duties herein after mentioned And it is hereby further Enacted by the Authority aforesaid That for and upon all Goods Wares and Merchandizes whatsoever of the Growth Product or Manufacture of the East-Indies or any other Countreys or Places within the Limits aforesaid to wit beyond the Cape to the Streights of Magellan which from and after the said Nine and twentieth day of September One thousand six hundred ninety eight at any time or times shall be Imported or brought into the Kingdom of England Dominion of Wales or Town of Berwick upon Tweed by any Corporation Person or Persons Trading within the Limits aforesaid by Vertue or in Pursuance of this Act there shall be yielded and paid to His Majesty His Heirs and Successors over and above all other Duties payable for the same a Duty after the Rate of Five Pounds for every One hundred Pounds of the true and real value of the said Goods to be paid over from time to time to the said General Society of Subscribers and their Successors or such Treasurer or Treasurers as such Society shall Appoint to Receive the same unless a Company upon the Desire of the Subscribers or any of them shall be Erected in pursuance to this Act to Trade with a Joint Stock as aforesaid And from and after the Erecting or Setling of such Company then the said Duty of Five Pounds per Cent. shall be paid over to such Company and their Successors or to their Treasurer to the End that the said General Society and the said Company respectively may out of the Produce of the said Duty of Five Pounds per Cent. maintain such Ambassadors or other Ministers as His Majesty His Heirs or Successors at the Nomination of the Trustees Directors or Managers of or for the General Society aforesaid or of such Company so to be Impowered to Trade with a Joint Stock as aforesaid shall be pleased to send to any Emperor Prince or State within the Parts aforesaid and defray any other Extraordinary or Necessary Expences in Carrying on the said Trade And if at any time or times there be an Overplus of the Produce of the said Duty to dispose the same from time to time to and for the Benefit of all the Members of the said General Society until a Company to Trade with a Joint Stock shall be erected as aforesaid And after such Company shall be Erected then to and for the Benefit of all the Members thereof according to their respective Shares or Interests in the Principal or Capital Stock of the same