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B01440 Articles of agreement, concluded, made, and agreed on this twenty eight day of May, in the year of our Lord, one thousand six hundred ninety and four, between the royal free burrows, cities, and others of their Majesties antient kingdom of Scotland, who shall be pleased to subscribe, and be concerned in the Scots linen-subscription-book, for the linen-manufacture in that kingdom of the one part; and Nicolas Dupin of the city of London Esquire, in trust for the members and subscribers who shall be hereafter pleased to subscribe, and be concerned in the aforesaid linen-manufacture in England, of the other part. Dupin, Nicholas. 1694 (1694) Wing A3833B; ESTC R233252 14,214 15

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ARTICLES of AGREEMENT Concluded Made and Agreed on this Twenty eight Day of May in the Year of our Lord One Thousand six hundred ninety and four between the Royal Free Burrows Cities and others of Their Majesties Antient Kingdom of Scotland who shall be pleased to Subscribe and be Concerned in the Scots Linen-Subscription-Book for the Linen-Manufacture in that Kingdom of the one Part AND Nicolas Dupin of the City of London Esquire in Trust for the Members and Subscribers who shall be hereafter pleased to Subscribe and be Concerned in the aforesaid Linen-Manufacture in England of the other Part. 1. IMprimis That it is Declared and Agreed that there shall be a general Joynt Stock of Thirty Thousand Pound Sterling to carry on the Linen-Manufacture in the aforesaid Kingdom of Scotland and that the said Stock shall be divided into sixty hundred Shares or Parts in manner and form following That is to say Thirty hundred Shares or Parts being the one Moyety of the aforesaid Sixty hundred Shares shall be Subscribed by the Subscribers in the aforesaid Kingdom of Scotland who shall hereafter Subscribe for the same at Five Pound Sterling for each and every one of the aforesaid Thirty Hundred Shares 2. Item That there shall be Thirty hundred Shares or Parts more to be Subscribed for in England by the Subscribers who shall Subscribe for the same at five Pound Sterling as aforesaid for each and every one of the aforesaid Thirty hundred Shares being the other Moyetie of the aforesaid Sixty hundred Shares which said sixty hundred Shares at five Pound Sterling per each and every Share amounts to the sum of Thirty thousand Pound Sterling as aforesaid and the same to be paid at four several even and equal Payments THAT IS TO SAY The Sum of One Pound five Shillings Sterling being the first Payment to be paid to the Scots and English Linen-Treasurers hereafter to be chosen at the Cities of Edinburgh and London for each Shate they shall Subscribe for on the first Day of Nevember next ensuing the Date of these Presents or within fourteen Days then next following and the like Sum of One Pound five Shilling Sterling more being the second Payment to be paid on the first Day of May then next following or within fourteen Days then next after which will be in the Year of our Lord One Thousand six hundred ninety five and the like Sum of One Pound five Shilling Sterling more being the Third Payment to be paid on the first Day of November then next following or within fourteen Days then next after And lastly The like Sum of One Pound five Shillings Sterling more being the fourth and last Payment to be paid on the first Day of May then next following or within fourteen Days then next after which will be in the Year of our Lord One Thousand six hundred ninety six 3. Item It is further Agreed That in case any Subscribers in the aforesaid Kingdom of Scotland should not pay in or cause to be paid in to the Scots Linen Treasurer at the City of Edinburgh for the time being the aforesaid Sum of One Pound five Shillings Sterling being the first Payment to be paid on the first 〈…〉 or within fourteen Days thence next following as before limited That then and in that case such Person or Persons Subscriptions shall be void to all Intents and Purposes as if he or they had never subscribed and that then it shall and may be lawful to and for the Scots Society and Subseribers or Major Part of them at the said City of Edinburgh to have full Power and Authority to Nom in at and Appoint a Committee consisting of six Persons at least who shall have full Power to Sell and Transfer into the Transfer-Book or Books to be provided for that purpose under the Common Seal or other ways of the sald Scots Society and Subscribers as aforesaid all or any of the said Shares when Forefeited as aforesaid to such Person or Persons who shall be willing to buy the aforesaid shares so Forfeited as aforesaid at the same price and rate as they were first Subscribed for And the said Money for the said Shares to be to the use of the Joynt Linen Stock and that then the said shares so Transferred shall be good and valid to the New Purchaser to all Intents and Purposes 4. Item It is further Agreed That in case any Subscribers in the aforesaid Kingdom of England should not pay in or cause to be paid in to the English Linen Treasurer at the City of London for the time being the aforesaid Sum of One Pound five Shillings Sterling being the first Payment to be paid on the said first Day of November next or within fourteen Days then next following as before limited that then and in such case such Person or Persons Subscriptions shall be void to all Intents and Purposes as if he or they had never Subscribed and that then it shall and may be also lawful to and for the English Society and Subscribers or major part of them at the said City of London to have full Power and Authority to Nominat and Appoint a Committee consisting of six Persons at least who shall have full Power and Authority to Sell and Transfer into the Transfer Book or Books provided for that purpose under the Common Seal or otherways of the said English Society or subscribers as aforesaid all or any the said Forefeited shares aforesaid to such Person or Persons who shall be willing to buy the aforesaid Shares so Forfeited as aforesaid at the same price and rate as they were first Subscribed for and the said Money for the said Shares to be to the use of the general joynt Linen-Stock and that then the said Shares so Transferred shall be good and valid to the New Purchaser to all Intents and Purposes 5. Item It is also Declared That in case of failour of payment in of all every or any of the aforesaid remaining three respective Sums of One Pound five Shilling Sterling per Share in the above Articles meentioned as aforesaid to be paid at the several Days of Payment above limited according to the true Intent and Meaning thereof for the space of one Month next after any of the said Days of Payment on which the same ought to be paid as aforesaid that then and in such case every such Person or Persons making such Desault which hinders the Trade for non-payment shall from time to time upon every such failure respectively Forfeit and pay to the Linen Treasurer in any the saids Kingdoms where such Forfeiture for non-payment shall be the Sum of five Shillings Sterling per each Share for the time being in Committee assembled for the use and benefit of the general joynt Linen Stock for each and every share and shares that shall be so unpaid for and in arrear until all the Money due for the said Shares and all the said Penalties Arrears and Forfeitures due for the
to Transfer all or any of their own Shares to any person or persons whom they shall think fit into the Companies Transfer-books at the several and convenient time or times but it shall not be lawful for any Member to withdraw his or their Stock nor any part thereof out of the general Joint stock of the Scots Linnen-Company nor the general Joint-stock be dissolved but the said Stock shall remain to be imployed to carry on the Linnen Manufacture in Scotland 21. Item Whereas there is but thirty hundred Shares to be subscribed for in the Kingdom of Scotland It is hereby declared that the thirty hundred sharer shall be divided and subscribed in manner following That is to say Twelve hundred shares to be subscribed in the City of Edinburgh To the Royal Burrow of Perth sixty five shares To the Royal Burrow of Dundee eighty five shares To the Royal Burrow of Aberdeen one hundred and twenty shares To the Royal Burrow of Stirling forty five shares To the Royal Burrow of Linlithgow fourty shares To the Royal Burrow of St. Andrews twenty shares To the Royal Burrow of Glasgow three hundred and thirteen shares To the Royal Burrow of Air fourty shares To the Royal Burrow of Haddingtoun fifty shares To the Royal Burrow of Dysert fifteen shares To the Roys Burrow of Kirkaldy sixty shares To the Royal Burrow of Montross fifty-five shares To the Royal Burrow of Couper twenty five shares To the Roys Burrow of Anstruther Easter ten shares To the Royal Burrow of Drumfreis fifty five shares To the Royal Burrow of Inverness fifty shares To the Royal Burrow of Burnt-Island twenty shares To the Royal Burrow of Innerkeithing ten shares To the Royal Burrow of Kinghorn thirteen shares To the Royal Burrow of Breichen fitteen shares To the Royal Burrow of Irving twenty shares To the Royal Burrow of Jedburgh fourty shares To the Royal Burrow of Kirkubright fifteen shares To the Royal Burrow of Wigton fifteen shares To the Royal Burrow of Pittenweem thirteen shares To the Royal Burrow of Dumfermling twenty eighth shares To the Royal Burrow 〈◊〉 Anstruther Wester five shares To the Royal Burrow of Selkirk twenty three shares To the Royal Burrow of Dumbarton twelve shares To the Royal Burrow of Renfrew fitteen shares To the Royal Burrow of Dumbar twenty share To the Royal Burrow of Lanerk twenty shares To the Royal 〈…〉 Aberbrothick eighteen shares To the Royal Burrow of Elgine 〈…〉 shares To the Royal Burrow of Peebles twenty shares To the Royal 〈…〉 of Craill fifteen shares To the Royal Burrow of Tayn thirteen shares To the Royal Burrow of Culross ten shares To the Royal Burrow of Bainff sixteen shares To the Royal Burrow of Whithorn ten shares To the Royal Burrow of Forfar twelve shares To the Royal Burrow of Rothsay thirteen shares To the Royal Burrow of Nairn ten shares To the Royal Burrow of Cullen ten shares To the Royal Burrow of Lauder fifteen shares To the Royal Burrow of Forres thirteen shares To the Royal Burrow of Rutherglen ten shares To the Royal Burrow of North-berwick ten shares To the Royal Rurrow of Kilreny ten shares To the Royal Burrow of Annan ten shares To the Royal Burrow of Senquhar ten shares To the Royal Burrow of Galloway ten shares To the Royal Burrow of Dingwal ten shares To the Royal Burrow of Dornoch ten shares To the Royal Burrow of Queens-ferry twenty shares To the Royal Burrow of Fortross thirteen shares To the Royal Burrow of Kintore ten shares To the Royal Burrow of Innerara fifteen shares To the Royal Burrow of Inverurie ten shares To the Royal Burrow of Wcik fifteen shares To the Royal Burrow of Kirkwal thirty five shares To the Royal Burrow of Innerbervie ten shares To the Royal Burrow of Strathnaver ten shares To the Royal Burrow of Lochmaben thirteen shares To the Royal Burrow of Cromartie seventeen shares 22. Item It is further declared that in case at any time hereafter there shall be necessary occasion for to encrease the aforesaid general Joynt Linen-stock of thirty thousand pound Sterling for the better carrying on of the said Linen-Trade in the said Kingdom of Scotland that no Sum or Sums of money shall be raised or borrowed for the time being unless the same be upon a just and reasonable Occasion and as the said Linen-Trade shall require the same And in case any Sum or Sums of money shal be hereafter raised to carry on the said Trade as aforesaid That then the same shall be laid out and imployed to the sole and proper use of the said Linen-Trade and all things relating thereto and not otherways and that the said Money so to be raised shall not at any one time exceed the Sum of one pound Sterling per each of the aforesaid sixty hundred shares in one Year at most which said one pound Sterling per each share will amount unto the Sum of six thousand pound Sterling provided always that the Members of the Linen-Company have lawful and due notice sent to them two Months before such payment that they may have due time to provide the same But in case any of the said Members should not pay in or cause to be payed in the aforesaid Sum of one pound Sterling per share they have in the Joynt stock according to the time limited to the Linen-Treasurer or Treasurers for the use aforesaid that then and in such Case it shall be lawful for the Committee of Trade to Sell and dispose of one or more of the said Persons Shares so in Arrear to any Person or Persons who shall give most for the said Shares for to Pay and answer the Arrears and Debts such said Members owes to the Company But no more Share of such Members so in Arreats shall be sold then what shall prove sufficient to answer the Debt due by him to the Company And in Case there should be any over plus of Money left after the said Shares are Sold and such Persons Debt satisfied and Payed that then such overplus shall be justly returned and payed unto the aforesaid Member And it is also Declared that no Member shall be lyable to be sued by Law either in person or Estate by reason of any Debt he owes to the Company relating to his Shares he has in the Joynt Stock but the Shares of such person of persons to be only answerable for his or their Debts he owes to the Companies Joynt Linen Stock 23. Item It is further Declared and thought Reasonable and necessary that the Joynt Proprietars-shall be Informed once in every three Months of all Proceedings that they may give their best Advice and Assistance for the Carrying on of the said Trade 24. Item It is further Agreed that a General Court shall be called and fit four times every Year at the least at the said City of Edinburgh and that due notice thereof shall be given to all the Proprietars in both Kingdoms or their Agents Who shall give the