Bank of England Act 1696

XXVI. Subscribers to the Capital Stock incorporated with the present Governor and Company, &c.

Stile of the Corporation to have perpetual Succession, a Common Seal, and may purchase Lands, &c.

And be it further enacted by the Authority aforesaid That all and every the Person and Persons Natives and Forreigners Bodies Politick and Corporate who shall so subscribe or for whom such Subscriptions shall be made to the said Capital Stock of the present Governor and Company of the Bank of England by virtue of this Act and who shall answer and make good their said Subscriptions in the proportion of Tallies Orders Bank Bills and Bank Notes as aforesaid and the Executors Administrators Successors or Assigns of such Person or Persons Bodies Politick or Corporate as aforesaid having any Title or Interest under any of the Subscribers by virtue of this Act att the time of closing or shutting upp of the said intended Book or Books of Subscriptions on the said Foure and twentieth Day of June shall i[m]mediately from and after the said Foure and twentieth Day of June be and shall be deemed and reputed to be Members of united to and incorporated with the present Governor and Company of the Bank of England and their Successors and shall att all times from and after the said Foure and twentieth Day of June together with the present Governour and Company of the Bank of England and their Successors be and be construed reputed accepted & taken to be one Body Politick & Corporate by the Name of The Governour and Company of the Bank of England and by the same Name of the Governour and Company of the Bank of England shall have a perpetual Succession and a co[m]mon Seale and that they and their Successors by the Name aforesaid shall be able and capable in Law to have purchase receive possesse enjoy and retaine to them and their Successors Lands Rents Tenements and Hereditaments of what Kind Nature or Quality soever and also to sell grant demise alien or dispose of the same and by the same Name to sue and implead be sued and impleaded answer and be answered in Courts of Record or any other Place whatsoever and to do and execute all and singular other Matters and Things by the Name aforesaid that to them shall or may appertaine to doe subject neverthelesse to the Proviso or Condition of Redemption herein after mentioned.