Limerick Navigation Act 1767

Subscribers in a month after closing to pay 20 per cent.

or void, and new subscription opened,

II. And be it enacted by the authority aforesaid, That such subscribers shall, within the space of one calendar month after such subscription shall be closed, pay in twenty pounds per cent. of the sums by them respectively subscribed to such person or persons, as shall be appointed for that purpose by the said corporation; and in default thereof the subscription of every person so failing to pay shall be absolutely void to all intents and purposes; and the said corporation shall open a new subscription for filling up such deficiency, and proceed therein in the manner herein before directed.