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Such subscribers erected into a company by name,
with a common seal, &c.
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V. And be it enacted by the authority aforesaid, That as soon as twenty pounds per cent. upon all such subscriptions shall be paid in as aforesaid, such subscribers shall be united and erected into one company for carrying on the said navigation, and shall from thenceforth be one body politic and corporate, by the name of the company of undertakers for making the river Shannon navigable, and shall have perpetual succession and a common seal, and by that name may sue and be sued.
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