Payment to Scotland Act 1640

III. Security by this Act to Persons who may lend the said Money.

Two of the Lords, together with Four of the Commons, mayissue the Money.; The Persons receiving the Money giving Acquittances for the same under Hand and Seal.; Such Acquittances a Discharge.

And be it further enacted by the authority aforesaid that it shall and may be lawfull to and for such person and persons as shall be authorized in that behalfe by Act of Parliament of the said Kingdome of Scotland to give security by this present Act to any person or persons for the raising and taking up of any sum or sums of money not exceeding the sum of two hundred and twenty thousand pounds and to be paid at the times and place herein before mentioned and not otherwise for the supply of the occasions of our said Brethren of Scotland and for that purpose to assigne over to any person or persons the said sum of two hundred and twenty thousand pounds or any part thereof And the said person and persons to whom any such sum or sums as aforesaid shall be assigned shall or may have and receive the same out of the said Chamber of London And the said Lords and Commons before in this Act particularly named or any two of the said Lords togeather with any four of the said Members of the House of Commons are and shall be authorized and appointed by this Act to cause such sum and sums of money as shall be assigned according to this Act to be issued out of the said Chamber of London and to be paid at the times and place before in this Act appointed unto such person or persons to whom any sum or sums shall be assigned as aforesaid the said Assignees giving Acquittances under theire hands and seales respectively for such sum and sums of money as they or any of them shall receive as aforesaid respectively And that such acquittances as shall be given by any person or persons authorized by Act of Parliament of the said Kingdome of Scotland for receiving the said sum of two hundred and twenty thousand pounds or any part thereof as aforesaid or by any person or persons to whom the said sum of two hundred and twenty thousand pounds or any part or parts thereof shall be assigned as aforesaid shall be a sufficient discharge to and for the said Lords and Commons herein before particularly named and to and for the Officers of the said Chamber of London And shall be likewise in full payment and satisfaction to our said Brethren of Scotland for so much money as shall be mentioned and contained in the said Acquittances.