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Existing Liabilities to continue till new Memorials.
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XXI. And be it enacted, That the Persons whose Names shall appear from Time to Time in the then last delivered Memorial, and their legal Representatives, shall be liable to all legal Proceedings under this Act, as existing Shareholders of the Company, and shall be entitled to be reimbursed, as such existing Shareholders only, out of the Funds or Property of the Company, for all Losses sustained in consequence thereof.
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