Constitutions agreed upon by the Committee of the Company of Scotland Trading to Africa and the Indies Company of Scotland Trading to Africa and the Indies. 1696 Approx. 5 KB of XML-encoded text transcribed from 1 1-bit group-IV TIFF page image. Text Creation Partnership, Ann Arbor, MI ; Oxford (UK) : 2009-03 (EEBO-TCP Phase 1). A34142 Wing C5593A ESTC R2768 11879993 ocm 11879993 50298 This keyboarded and encoded edition of the work described above is co-owned by the institutions providing financial support to the Early English Books Online Text Creation Partnership. This Phase I text is available for reuse, according to the terms of Creative Commons 0 1.0 Universal . The text can be copied, modified, distributed and performed, even for commercial purposes, all without asking permission. Early English books online. (EEBO-TCP ; phase 1, no. A34142) Transcribed from: (Early English Books Online ; image set 50298) Images scanned from microfilm: (Early English books, 1641-1700 ; 23:6) Constitutions agreed upon by the Committee of the Company of Scotland Trading to Africa and the Indies Company of Scotland Trading to Africa and the Indies. 1 sheet ([1] p.) s.n., [Edinburgh? : 1696] Place and date of publication from Wing. Created by converting TCP files to TEI P5 using tcp2tei.xsl, TEI @ Oxford. Re-processed by University of Nebraska-Lincoln and Northwestern, with changes to facilitate morpho-syntactic tagging. Gap elements of known extent have been transformed into placeholder characters or elements to simplify the filling in of gaps by user contributors. 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Copies of the texts have been issued variously as SGML (TCP schema; ASCII text with mnemonic sdata character entities); displayable XML (TCP schema; characters represented either as UTF-8 Unicode or text strings within braces); or lossless XML (TEI P5, characters represented either as UTF-8 Unicode or TEI g elements). Keying and markup guidelines are available at the Text Creation Partnership web site . eng Company of Scotland Trading to Africa and the Indies -- Constitution. Broadsides -- England -- 17th century. 2008-07 TCP Assigned for keying and markup 2008-07 SPi Global Keyed and coded from ProQuest page images 2008-08 John Pas Sampled and proofread 2008-08 John Pas Text and markup reviewed and edited 2008-09 pfs Batch review (QC) and XML conversion CONSTITUTIONS AGREED UPON BY THE COMMITTEE OF THE Company of Scotland , Trading to AFRICA and the INDIES . Edinburgh , 13 April 1696. THE COMPANY of SCOTLAND , Trading to AFRICA and the INDIES , Have upon Mature Deliberation Agreed , and Concluded upon the following Rules , O●dinances and Constitutions , as appearing the most Reasonable , Equal and Suteable into them , ●o be Binding and Obliging to the said COMPANY in all Times hereafter . 1. The Direction and Government of this COMPANY , shall be , and remain in a Court of Fifty DIRECTORS , each of them having One Thousand Pounds sterl . or more in this Joint Stock : Twenty Five whereof shall be made , and chosen , by Majority of Votes of the Subscribers to the COMPANY in SCOTLAND , taken by Scroll and Scrutiny , upon Thursday the Seventh Day of May , One Thousand six Hundred Ninety six ; every Hundred Pound sterl . having One Vote , Which DIRECTORS so chosen , are to Chuse and Admit other Five and Twenty , to compleat the Number of Fifty . 2. Upon some Day or Time in the Month of March , yearly , One in every Ten shall be left out of the Number of DIRECTORS , by the Court of DIRECTORS , and others Elected and C●●sen in Their Place , by the COUNCIL GENERAL . And in case of the Death , Resignment , or other Removal of any of the DIRECTORS , others shall be chosen in their Place by the Court of DIRECTORS of this COMPANY . 3. The COURT or COUNCIL GENERAL of this COMPANY , shall consist of the Court of DIRECTORS thereof , together with One Person , other than a DIRECTOR , being a Proprietor , to represent every Ten Thousand Pounds sterl . Property in this Joint Stock , or Capital Fund , either by his own Right , or by Deputation from others therein concern'd . In which Representation the DIRECTORS ( being Members of the COURT ) shall have no Votes , nor Representation chosen by themselves : But in such Case , or when any of the Subscribers shall neglect to give in their Nomination of Representatives , at , or before the Second Wednesday of June , One Thousand six Hundred Ninety six , for the first Time , and from thence forward , at , or before the last Wednesday of February Yearly ; the other Councellors , ( exclusive of the DIRECTORS ) shall Nominate others to compleat the Number of One Councellor , for every Ten Thousand Pound Stock , which Election is to continue for that Year . 4. The Annual Meeting of the GENERAL COUNCIL , shall be upon the Second Wednesday in March Yearly , with Power to them to Adjourn to such other Diets , as they think fit ; and to the DIRECTORS to Call a General Council as occasion Requires . 5. The General Accompts , and other Affairs of the COMPANY , shall Yearly , or oftner ( if Requir'd ) be laid before the COUNCIL GENERAL , who may displace or remove any of the DIRECTORS , or COUNCIL , for Mis-demeanors . No Person or Persons , whether of the COURT of DIRECTORS , or COUNCIL , being allow'd to Vote in the Matters wherein He or They are Concern'd . 6. The Major Part of the COUNCIL GENERAL or COURT of DIRECTORS in being for the Time , shall always be a Quorum . 7. The COUNGIL or COURT of DIRECTORS , may from Time to Time make and Constitute Committees , or Sub-Committees of Their Own Number , to Act in their Respective Names and Places ; who shall keep Exact Minutes , Journals , and other Accounpts of their Proceedings . 8. No Dividend of the Profits or Product of this Joynt-Stock , or Capital Fund shall be made , but by Consent and Advice of the COUNCIL GENERAL . 9. If any of the Proprietors of the said Stock , shall not Pay or cause to be Pay'd , the Proportionable Part of His , or Their Subscriptions , in such Time and Manner , as shall be Appointed by the COMPANY ; Or in case they or any of them shall become Indebted to the said COMPANY , any other way howsoever , the share of Stock belonging to such Person or Persons , shall in either case be Rouped and Sold to such as will pay the Sum Requir'd , or the Debt due to the COMPANY , and the Superplus , if any be , shall belong to the Party .