|
|
When one million is subscribed, corporation may borrow money.
|
7. And . . . from the time the said sum of one million shall be subscribed and paid in under the provisions of this Act, the said corporation may borrow or give security for any sum or sums, so that they shall not owe at any one time more than a sum equal to the said sums of two millions five hundred thousand pounds, and of two hundred and fifty thousand pounds; anything in the said herein-before recited Acts or any of them contained to the contrary notwithstanding.
|
