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Like leases may be granted for erecting mills, &c. for any machinery of manufacture, to be turned by water.
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XV. And be it further enacted by the authority aforesaid, That like leases, with like powers, restrictions, reservations, and covenants, may be made respectively, and be valid, for the purpose of erecting mills, and making mill-dams, or ponds for any machinery of manufacture, to be turned or employed by water.
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