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Assembly may call on proprietors to pay subscriptions, and further sums not exceeding 20l. per cent. of original subscription,
On refusal 10 days notice of sale of such shares in Limerick papers.
sale pursuant thereto by publick cant, if not paid,
and such proprietors barred, and the shares vested in purchasers,
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XX. And be it enacted by the authority aforesaid, That it shall and may be lawful to and for the assemblies, convened as herein before is directed, from time to time and at all times, as occasion shall require, to make one or more call or calls upon the several proprietors of the said joint stock to pay in the remainder of their respective subscriptions, and also such further sums as shall be found necessary for compleating the said navigation: provided, such further sums shall not exceed in the whole twenty pounds, per cent. of the original subscriptions; and in case of any of the proprietors of the said joint stock, their representatives or assigns, shall refuse or neglect to pay the sums so called for within ten days after the time, appointed by such assemblies for the payment thereof, notice shall be given in the publick news papers of the city of Limerick, that the said company will proceed to sell by publick cant on such day, as shall be specified in such notice, the share or shares of the person or persons so refusing or neglecting to pay the sum or sums so called for; and unless such person or persons shall before the day specified in such notice to pay the respective sums so called for, the said company, or such person as they shall appoint for the purpose, shall sell by publick cant at the tholsel of Limerick the shares or shares of the person or persons so refusing to pay; and the money, for which the same shall be so sold, shall be paid to the said company for the use of such proprietor or proprietors; and such proprietor or proprietors shall from thenceforth be for ever barred of such share or shares, and all profits arising therefrom, and of all interest in the same both in law and equity; and such share or shares, and all profits and advantages arising therefrom, shall from thenceforth be vested in such purchaser or purchasers.
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