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Word A Word B Word C Word D Occurrence Frequency Band MI MI Band Prominent
land_n person_n say_a tenement_n 6,055 5 11.6695 5 true
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ID Title Author Corrected Date of Publication (TCP Date of Publication) STC Words Pages
A58575 Act of Parliament for erecting a bank in Scotland Edinburgh, July 17, 1695. Scotland. 1695 (1695) Wing S1128; ESTC R232205 5,576 9

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but_o upon_o the_o diminution_n of_o the_o say_n sum_n their_o office_n be_v to_o determine_v and_o other_o to_o be_v choose_v at_o a_o general_n meeting_n as_o aforesaid_a in_o their_o place_n and_o the_o say_a governor_n deputy-governor_n and_o director_n be_v to_o swear_v at_o their_o entry_n to_o their_o respective_a office_n the_o oath_n follow_v i_o a._n b._n do_v swear_v that_o the_o sum_n of_o of_o the_o stock_n of_o the_o governor_n and_o company_n of_o the_o bank_n of_o scotland_n do_v at_o this_o time_n belong_v to_o i_o in_o my_o own_o right_n and_o not_o in_o trust_n and_o that_o in_o the_o office_n of_o i_o will_v be_v equal_a to_o all_o person_n and_o give_v my_o best_a advice_n for_o the_o support_n of_o the_o bank_n of_o scotland_n and_o in_o the_o say_a office_n honest_o demean_v myself_o to_o the_o best_a of_o my_o skill_n and_o this_o oath_n the_o first_o governor_n shall_v take_v before_o the_o lord_n chancellor_n or_o any_o other_o of_o the_o officer_n of_o state_n and_o then_o shall_v have_v power_n to_o administrate_n the_o same_o to_o his_o deputy_n and_o director_n and_o the_o next_o governor_n and_o director_n shall_v swear_v the_o same_o at_o their_o entry_n as_o say_v be_v before_o a_o general_n meet_v of_o the_o company_n certify_v any_o who_o shall_v neglect_v to_o swear_v at_o his_o entry_n or_o within_o twenty_o day_n thereafter_o his_o place_n shall_v be_v void_a and_o another_o shall_v be_v elect_v to_o it_o and_o the_o governor_n or_o deputy-governor_n with_o the_o director_n or_o their_o quorum_fw-la may_v choose_v a_o thesaurer_n secretary_n and_o other_o officer_n for_o the_o affair_n of_o the_o say_a company_n who_o be_v to_o give_v their_o oath_n de_fw-fr fideli_fw-la before_o the_o governor_n or_o his_o deputy_n or_o any_o two_o of_o the_o director_n and_o may_v be_v remove_v from_o the_o say_a office_n at_o the_o pleasure_n of_o a_o general_n meet_v provide_v always_o that_o neither_o the_o governor_n deputy-governor_n or_o any_o of_o the_o director_n may_v be_v choose_v to_o any_o of_o the_o say_n inferior_a office_n and_o it_o be_v further_a hereby_o statute_n and_o ordain_v that_o it_o shall_v be_v lawful_a for_o the_o say_a governor_n and_o company_n to_o lend_v upon_o real_a or_o personal_a security_n any_o sum_n or_o sum_n and_o to_o receive_v annual_a rent_n for_o the_o same_o at_o six_o per_fw-la cent_n as_o shall_v be_v ordinary_a for_o the_o time_n as_o also_o that_o if_o the_o person_n borrow_v as_o say_v be_v shall_v not_o make_v payment_n at_o the_o term_n agree_v upon_o with_o the_o company_n than_o it_o shall_v be_v lawful_a for_o the_o governor_n and_o company_n to_o sell_v and_o dispose_v of_o the_o security_n or_o pledge_n by_o a_o public_a roup_n for_o the_o most_o that_o can_v be_v get_v for_o payment_n to_o they_o of_o the_o principal_a annual_a rent_n and_o reasonable_a charge_n and_o return_v the_o overplus_n to_o the_o person_n who_o give_v the_o say_a security_n or_o pledge_n and_o it_o be_v further_a hereby_o enact_v that_o the_o foresay_a company_n and_o member_n thereof_o or_o major_a part_n of_o they_o assemble_v at_o any_o general_n meet_v may_v make_v and_o constitute_v such_o by-law_n and_o ordinance_n as_o to_o they_o shall_v seem_v necessary_a and_o convenient_a for_o the_o good_a of_o the_o company_n and_o under_o such_o penalty_n as_o shall_v be_v therein_o contain_v provide_v that_o the_o say_n by-law_n and_o ordinance_n be_v not_o contrary_a to_o but_o consistent_a with_o the_o law_n of_o the_o kingdom_n and_o for_o ascertain_v how_o the_o say_v joint_a stock_n and_o share_v thereof_o with_o all_o the_o land_n house_n or_o other_o estate_n thereto_o belong_v may_v be_v assign_v or_o transfer_v it_o be_v hereby_o statute_n and_o ordain_v that_o there_o be_v constant_o keep_v a_o book_n or_o register_n by_o the_o say_a governor_n and_o director_n where_o all_o the_o foresay_a assignment_n shall_v be_v enter_v and_o subscribe_v by_o both_o the_o party_n assign_v and_o the_o party_n to_o who_o the_o assignment_n be_v make_v in_o token_n of_o his_o acceptance_n and_o that_o such_o assignment_n so_o subscribe_v shall_v make_v full_a complete_a and_o absolute_a right_n and_o no_o other_o shall_v be_v good_a except_v that_o any_o person_n have_v interest_n in_o the_o say_a company_n may_v dispose_v of_o the_o same_o by_o latter_a will_n or_o testament_n which_o shall_v be_v a_o valid_a and_o complete_a transmission_n in_o favour_n of_o the_o person_n to_o who_o the_o disposition_n be_v make_v upon_o the_o enter_v and_o record_v so_o much_o of_o the_o say_v latter_a will_n as_o relate_v to_o the_o say_a stock_n in_o the_o book_n of_o the_o say_a company_n without_o necessity_n of_o confirmation_n or_o further_a formality_n whatsoever_o and_o it_o be_v hereby_o further_o statute_n that_o no_o dividend_n shall_v be_v make_v save_v out_o of_o the_o interest_n or_o product_n arise_v out_o of_o the_o joint_a stock_n and_o by_o the_o consent_n of_o the_o adventurer_n in_o a_o general_n meet_v and_o for_o the_o better_a encouragement_n of_o the_o say_a company_n and_o adventurer_n it_o be_v hereby_o statute_n that_o the_o joint_a stock_n of_o the_o say_a bank_n continue_v in_o money_n shall_v be_v free_a from_o all_o public_a burden_n to_o be_v impose_v upon_o money_n for_o the_o space_n of_o twenty_o one_o year_n after_o the_o date_n hereof_o and_o that_o during_o this_o space_n it_o shall_v not_o be_v leisome_a to_o any_o other_o person_n to_o enter_v into_o and_o set_v up_o a_o distinct_a company_n of_o bank_n within_o this_o kingdom_n beside_o these_o person_n allenarly_a in_o who_o favour_n this_o act_n be_v grant_v and_o sicklike_a it_o be_v hereby_o declare_v that_o summar_n execution_n by_o horning_n shall_v proceed_v upon_o bill_n or_o ticket_n draw_v upon_o or_o grant_v by_o or_o to_o and_o in_o favour_n of_o this_o bank_n and_o the_o manager_n and_o administrator_n thereof_o for_o the_o time_n and_o protest_v thereon_o in_o the_o same_o manner_n as_o be_v appoint_v to_o pass_v upon_o protest_v of_o foreign_a bill_n by_o the_o 20_o act_n parl._n 1681._o k._n ch._n ii_o and_o sicklike_a that_o no_o suspension_n pass_v of_o any_o charge_n for_o sum_v lend_v by_o this_o bank_n or_o to_o the_o same_o but_o upon_o discharge_n or_o consignation_n of_o the_o sum_v charge_v for_o allenaaly_a and_o further_o for_o prevent_v the_o break_n of_o the_o say_v joint_a stock_n and_o company_n contrary_a to_o the_o design_n thereof_o it_o be_v hereby_o declare_v that_o the_o sum_n of_o the_o foresay_a subscription_n and_o share_n may_v only_o be_v convey_v and_o transmit_v by_o the_o owner_n to_o other_o who_o shall_v become_v partner_n of_o the_o company_n in_o their_o place_n in_o manner_n abovemention_v or_o by_o adjudication_n or_o other_o legal_a conveyance_n in_o favour_n of_o one_o person_n allenarly_a who_o in_o like_a manner_n shall_v succeed_v to_o be_v a_o partner_n in_o his_o predecessor_n place_n so_o that_o the_o foresaid_n sum_n of_o subscription_n may_v neither_o be_v take_v out_o of_o the_o stock_n nor_o parcel_v among_o more_o person_n by_o legal_a diligence_n in_o any_o sort_n to_o the_o diminish_n or_o disturb_v the_o stock_n of_o the_o say_a company_n and_o good_a order_n thereof_o and_o sicklike_a for_o the_o great_a security_n and_o more_o convenient_a manage_n of_o the_o say_a bank_n or_o joint_a stock_n it_o be_v hereby_o statute_n and_o ordain_v that_o in_o case_n it_o shall_v happen_v any_o of_o the_o member_n partner_n or_o subscriber_n or_o other_o proprietor_n of_o any_o part_n of_o the_o say_a stock_n to_o be_v registrate_n at_o the_o horn_n or_o to_o commit_v any_o crime_n punishable_a by_o confiscation_n or_o forfeiture_n of_o his_o say_a share_n and_o proportion_n of_o the_o say_v joint_a stock_n and_o profit_n thereof_o due_a at_o the_o time_n then_o and_o in_o that_o case_n it_o shall_v be_v lawful_a for_o the_o governor_n deputy_n governor_n and_o director_n or_o their_o quorum_fw-la aforesaid_a to_o expose_v by_o public_a roup_n such_o share_n and_o profit_n thereof_o to_o any_o other_o person_n who_o shall_v bid_v the_o high_a price_n therefore_o after_o such_o legal_a intimation_n to_o be_v make_v for_o that_o effect_n by_o the_o say_a governor_n deputy-governor_n director_n or_o their_o quorum_fw-la as_o be_v prescribe_v by_o the_o act_n of_o parliament_n for_o the_o sale_n of_o bankrupt_n land_n and_o the_o price_n arise_v by_o the_o say_v roup_n to_o be_v make_v forthcoming_a by_o the_o say_a company_n to_o the_o creditor_n heir_n or_o other_o succeed_v in_o the_o right_n of_o the_o party_n so_o denounce_v or_o forfeit_n provide_v always_o as_o it_o be_v hereby_o express_o enact_v provide_v and_o declare_v that_o it_o shall_v not_o be_v lawful_a nor_o allowable_a for_o the_o say_a company_n governor_n deputy-governor_n director_n or_o manager_n thereof_o upon_o any_o ground_n or_o pretence_n whatsoever_o direct_o or_o indirect_o to_o use_v exerce_fw-la or_o follow_v any_o other_o commerce_n traffic_n or_o trade_n with_o the_o joint_a stock_n to_o be_v employ_v in_o the_o say_a bank_n or_o any_o part_n thereof_o or_o profit_v arise_v therefrae_n except_v the_o trade_n of_o lend_v and_o borrow_v money_n upon_o interest_n and_o negotiate_v bill_n of_o exchange_n allenarly_a and_o no_o other_o provide_v also_o likeas_n it_o be_v hereby_o express_o provide_v enact_v and_o declare_v that_o in_o case_n the_o governor_n deputy-governor_n director_n or_o other_o manager_n of_o the_o say_a company_n shall_v at_o any_o time_n happen_v to_o purchase_v for_o the_o use_n and_o behoof_n of_o the_o say_a company_n any_o land_n rent_n or_o other_o heritage_n belong_v to_o his_o majesty_n his_o heir_n and_o successor_n or_o shall_v advance_v or_o lend_v to_o his_o majesty_n his_o heir_n or_o successor_n any_o sum_n of_o money_n in_o borrow_v or_o by_o way_n of_o anticipation_n upon_o any_o part_n branch_n or_o fund_z of_o the_o ordinar_a rent_n or_o casualites_n of_o the_o crown_n or_o of_o any_o supply_n cess_n excise_n custom_n pole-tax_n or_o any_o other_o supply_n or_o taxation_n already_o grant_v or_o which_o shall_v happen_v to_o be_v grant_v at_o any_o time_n hereafter_o to_o his_o majesty_n and_o his_o foresaid_n any_o manner_n of_o way_n whatsoever_o except_v these_o part_n branch_n or_o fund_n of_o the_o say_n rent_n casualty_n or_o imposition_n foresaid_n upon_o which_o a_o credit_n of_o loan_n shall_v happen_v to_o be_v grant_v by_o act_n of_o parliament_n allenarly_a then_o and_o in_o that_o case_n the_o say_a governor_n deputy-governor_n director_n or_o other_o manager_n one_o or_o more_o of_o the_o say_a company_n who_o shall_v consent_v agree_v to_o or_o approve_v of_o the_o say_a purchase_n advance_v or_o lend_v to_o his_o majesty_n and_o his_o foresaid_n and_o ilk_fw-mi one_fw-mi of_o they_o so_o agree_v and_o approve_v and_o be_v find_v guilty_a thereof_o according_a to_o law_n shall_v be_v liable_a for_o every_o such_o fault_n in_o the_o triple_a of_o the_o value_n of_o the_o purchase_n so_o make_v or_o the_o sum_v so_o lend_v whereof_o a_o five_o part_n shall_v belong_v to_o the_o informer_n and_o the_o remainder_n to_o be_v dispose_v of_o towards_o such_o public_a uses_n as_o shall_v be_v appoint_v by_o parliament_n and_o not_o otherwise_o and_o it_o be_v likewise_o hereby_o provide_v that_o all_o foreigner_n who_o shall_v join_v as_o partner_n of_o this_o bank_n shall_v thereby_o be_v and_o become_v naturalize_a scots-man_n to_o all_o intent_n and_o purpose_n whatsoever_o extract_v forth_o of_o the_o record_n of_o parliament_n by_o tarbat_n cl._n registri_fw-la
act_z of_o parliament_n for_o erect_v a_o bank_n in_o scotland_n edinburgh_n july_n 17._o 1695._o our_o sovereign_a lord_n consider_v how_o useful_a a_o public_a bank_n may_v be_v in_o this_o kingdom_n according_a to_o the_o custom_n of_o other_o kingdom_n and_o state_n and_o that_o the_o same_o can_v only_o be_v best_o set_v up_o and_o manage_v by_o person_n in_o company_n with_o a_o joint_a stock_n sufficient_o endue_v with_o these_o power_n and_o authority_n and_o liberty_n necessary_a and_o usual_a in_o such_o case_n have_v therefore_o allow_v and_o with_o advice_n and_o consent_n of_o the_o estate_n of_o parliament_n allow_v a_o joint_a stock_n amount_v to_o the_o sum_n of_o twelve_o hundred_o thousand_o pound_n money_n to_o be_v raise_v by_o the_o company_n hereby_o establish_v for_o the_o carry_v on_o and_o manage_v of_o a_o public_a bank_n and_o further_a statute_n and_o ordain_v with_o advice_n foresay_a that_o the_o person_n under-named_n viz._n mr._n william_n areskine_n son_n to_o the_o lord_n cardross_n sir_n john_n swinton_n of_o that_o ilk_fw-mi sir_n robert_n dickson_n of_o sornebeg_n mr._n george_n clark_n junior_n and_o mr._n john_n watson_n merchant_n in_o edinburgh_n mr._n james_n fowll_v mr._n john_n holland_n mr._n david_n nairn_n mr._n walter_n stewart_n mr._n hugh_n frazer_n mr._n thomas_n couts_n and_o mr._n thomas_n dean_n merchant_n in_o london_n or_o any_o three_o of_o they_o and_o in_o case_n of_o the_o decease_n of_o any_o of_o they_o the_o person_n to_o be_v choose_v by_o the_o surviver_n shall_v have_v power_n to_o appoint_v a_o book_n for_o subscription_n of_o person_n either_o native_n or_o foreigner_n who_o shall_v be_v willing_a to_o subscribe_v and_o pay_v in_o to_o the_o say_v joint_a stock_n which_o subscription_n the_o foresaid_n person_n or_o their_o quorum_fw-la be_v hereby_o authorise_v to_o receive_v in_o the_o foresay_a book_n which_o shall_v lie_v open_a every_o tuesday_n or_o friday_n from_o nine_o to_o twelve_o in_o the_o forenoon_n and_o from_o three_o to_o six_o in_o the_o afternoon_n betwixt_o the_o first_o day_n of_o november_n next_o and_o the_o first_o day_n of_o january_n next_o follow_v in_o the_o public_a hall_n or_o chamber_n to_o be_v appoint_v in_o the_o city_n of_o edinburgh_n and_o therein_o all_o person_n shall_v have_v liberty_n to_o subscribe_v for_o such_o sum_n of_o money_n as_o they_o shall_v think_v fit_a to_o adventure_v in_o the_o say_v joint_a stock_n one_o thousand_o pound_n scot_n be_v the_o low_a sum_n and_o twenty_o thousand_o pound_n scot_n the_o high_a and_o the_o two_o three_o part_n of_o the_o say_a stock_n belong_v always_o to_o person_n reside_v in_o scotland_n likeas_n each_o and_o every_o person_n at_o the_o time_n of_o his_o subscribe_v shall_v pay_v into_o the_o hand_n of_o the_o forename_a person_n or_o any_o three_o of_o they_o ten_o of_o the_o hundred_o of_o the_o sum_v set_v down_o in_o their_o respective_a subscription_n towards_o the_o carry_n on_o the_o bank_n and_o all_o and_o every_o the_o person_n subscribe_v and_o pay_v to_o the_o say_a stock_n as_o aforesaid_a shall_v be_v and_o hereby_o declare_v to_o be_v one_o body_n corporate_a and_o politic_a by_o the_o name_n of_o the_o governor_n and_o company_n of_o the_o bank_n of_o scotland_n under_o which_o name_n they_o shall_v have_v perpetual_a succession_n and_o shall_v have_v a_o common_a seal_n and_o their_o successor_n by_o the_o name_n foresay_a shall_v be_v able_a and_o capable_a to_o purchase_v and_o enjoy_v as_o also_o to_o give_v grant_v alienate_v and_o dispose_v of_o land_n tenement_n and_o all_o other_o heritage_n as_o likewise_o of_o all_o sum_n of_o money_n and_o other_o movable_a good_n and_o gear_n whatsoever_o and_o further_o to_o do_v and_o execute_v all_o other_o thing_n which_o any_o other_o company_n or_o body_n corporate_a can_v or_o may_v lawful_o do_v or_o execute_v and_o that_o as_o ample_o and_o full_o as_o if_o the_o several_a matter_n and_o thing_n be_v particular_o set_v down_o in_o this_o act._n and_o for_o the_o better_a order_n and_o manage_n of_o the_o affair_n of_o the_o say_a bank_n it_o be_v hereby_o further_o statute_n and_o ordain_v that_o there_o shall_v be_v for_o ever_o a_o governor_n deputy-governor_n and_o twenty_o four_o director_n to_o be_v elect_v and_o choose_v as_o hereafter_o be_v appoint_v who_o or_o any_o seven_o of_o they_o hereby_o declare_v to_o be_v their_o quorum_fw-la shall_v have_v the_o management_n and_o direction_n of_o the_o say_a bank_n which_o person_n viz._n governor_n deputy-governor_n and_o twenty_o four_o director_n be_v to_o be_v choose_v in_o this_o manner_n viz._n that_o within_o the_o three_o month_n after_o the_o foresay_a subscription_n be_v end_v the_o person_n particular_o abovenamed_a or_o any_o two_o of_o they_o shall_v appoint_v a_o certain_a day_n and_o make_v due_a intimation_n of_o the_o same_o that_o such_o and_o so_o many_o of_o the_o adventurer_n and_o none_o other_o as_o shall_v each_o of_o they_o have_v subscribe_v for_o one_o thousand_o pound_n money_n or_o upward_o in_o the_o say_a book_n of_o the_o joint_a stock_n may_v elect_v and_o choose_v by_o majority_n of_o vote_n which_o be_v to_o be_v give_v one_o vote_n for_o every_o thousand_o pound_n share_v in_o the_o stock_n a_o fit_a person_n of_o the_o subscriber_n who_o have_v subscribe_v for_o himself_o at_o least_o for_o eight_o thousand_o pound_n to_o be_v governor_n of_o the_o say_a bank_n and_o another_o fit_a person_n of_o the_o subscriber_n who_o shall_v have_v subscribe_v for_o himself_o at_o least_o for_o six_o thousand_o pound_n to_o be_v deputy-governor_n of_o the_o say_a bank_n and_o also_o twenty_o four_o other_o fit_a person_n who_o shall_v have_v subscribe_v each_o of_o they_o for_o himself_o at_o least_o for_o three_o thousand_o pound_n in_o the_o say_v joint_a stock_n to_o be_v director_n of_o the_o say_a bank_n which_o governor_n deputy-governor_n and_o director_n be_v to_o continue_v in_o their_o respective_a office_n until_o the_o next_o election_n of_o their_o successor_n which_o next_o election_n shall_v be_v make_v within_o thirty_o day_n after_o the_o expiration_n of_o a_o whole_a year_n from_o the_o former_a election_n by_o the_o majority_n of_o the_o vote_n of_o the_o member_n who_o be_v to_o be_v qualify_v and_o their_o vote_n reckon_v in_o manner_n abovementioned_a and_o so_o forth_o the_o say_a governor_n deputy-governor_n and_o director_n to_o be_v choose_v from_o year_n to_o year_n and_o if_o any_o of_o they_o happen_v to_o decease_n before_o the_o expiration_n of_o his_o time_n than_o the_o member_n and_o the_o company_n qualify_v as_o aforesaid_a shall_v elect_v in_o manner_n abovementioned_a another_o fit_a person_n in_o the_o room_n and_o to_o the_o office_n of_o the_o decease_a who_o be_v to_o officiate_v for_o the_o remainder_n of_o his_o time_n and_o further_o the_o governor_n or_o his_o deputy_n and_o any_o three_o of_o the_o director_n or_o any_o five_o of_o the_o director_n without_o the_o governor_n or_o his_o deputy_n may_v as_o often_o as_o they_o see_v cause_n summon_v a_o meeting_n of_o the_o adventurer_n qualify_v as_o say_v be_v at_o which_o meeting_n by_o majority_n of_o vote_n to_o be_v give_v as_o say_v be_v the_o governor_n or_o his_o deputy_n or_o any_o of_o the_o director_n for_o the_o time_n not_o exceed_v two_o director_n at_o one_o meeting_n may_v be_v displace_v and_o remove_v for_o any_o miscarriage_n or_o insufficiency_n in_o his_o office_n to_o which_o sentence_n the_o person_n remove_v be_v absolute_o to_o acquiesce_v without_o gainsay_v and_o another_o to_o be_v choose_v in_o his_o room_n and_o place_n as_o aforesaid_a to_o continue_v till_o the_o next_o general_a election_n and_o the_o governor_n deputy-governor_n director_n or_o any_o seven_o of_o they_o their_o quorum_fw-la aforesaid_a may_v meet_v together_o at_o any_o convenient_a place_n for_o the_o management_n of_o the_o affair_n of_o the_o say_a bank_n and_o the_o say_n adventurer_n at_o any_o general_n meet_v that_o shall_v happen_v to_o be_v appoint_v shall_v have_v power_n to_o require_v the_o payment_n of_o any_o further_a part_n of_o the_o subscription_n than_o the_o ten_o per_fw-la cent._n abovementioned_a at_o such_o time_n as_o they_o shall_v think_v fit_a and_o in_o case_n any_o of_o the_o adventurer_n shall_v refuse_v or_o neglect_v to_o pay_v in_o their_o proportion_n appoint_v by_o the_o say_a general_n meeting_n than_o he_o shall_v forfeit_v to_o the_o use_n and_o behoof_n of_o the_o say_v joint_a stock_n whatever_o he_o have_v before_o pay_v in_o to_o the_o say_a company_n and_o no_o governor_n deputy-governor_n or_o director_n shall_v be_v capable_a of_o or_o continue_v in_o their_o say_a respective_a office_n unless_o they_o have_v the_o respective_a sum_n abovementioned_a in_o their_o own_o right_n and_o so_o long_o as_o they_o have_v the_o same_o and_o no_o long_o