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When the 500,000l. is paid in, corporation may borrow money, so that they shall not owe more than 1,500,000l.
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V. And be it enacted, That from the time the said sum of five 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 five hundred thousand pounds, any thing in the said act contained to the contrary notwithstanding.
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