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When 400,000l. shall be subscribed, the corporation may borrow any sum not excceding a million.
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VII. And be it further enacted, That from the time the said sum of four hundred thousand pounds shall be subscribed and paid in, the said corporation may borrow or give security for any sum or sums, so that they shall not owe at any one time more than a sum equal to the said sum of one million, any thing in the said act contained to the contrary notwithstanding.
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