Also wee for vs, our heires and successours, so much as in vs is, doe likewise by these presents graunt, that the said Gouernour, Consuls, assistants, fellowship and communaltie, and their successors shall and may haue perpetuall succession, and a common Seale which shall perpetually serue for the affaires and businesse of the saide fellowship and communaltie. And that they and their successours, shall and may bee for euer able persons, and capax in the lawe, for to purchase and possesse in fee and perpetuitie, and for term of life or liues, or for terme of yeeres or otherwise, lands, tenements, rents, reuersions, and other possessions, and hereditaments whatsoeuer they bee, by the name of the Gouernour, Consuls, assistants, fellowship and communaltie of the Marchants aduenturers by Seas and Nauigations for the discouerie of landes, territories, Iles, Dominions, and Seigniories vnknowen, and before the saide last aduenture or enterprise by seas not frequented, as before is specified, and by the same names shall and may lawfully alien, graunt, let and set the same or any part thereof to any person or persons able in the lawe to take and receiue the same. So that they doe not graunt nor alien the same, or any part thereof into mortmaine, without speciall licence of vs, our heires or successours, first had and obtained.
Also wee for vs, our heires and successours haue graunted, and by these presents doe graunt vnto the saide Gouernours, Consuls, assistants, fellowship and communaltie of the saide Marchants and to their successours, that they and their successours, shall and may lawfully purchase vnto them and their successors for euer, landes, tenements and hereditaments whatsoeuer, of the cleare yeerely value of threescore sixe pounds, thirteen shillings and foure pence of lawful money of England and not aboue, as well of such lands, tenements and hereditaments, as be holden or shall be holden of vs, our heires or successours, as of any other person or persons, the statutes prouided against alienations into mortmaine, or any of them, or any article or clause in them or any of them contained, or any other lawe, custome, statute or prouision to the contrary in any wise notwithstanding. And that they by the name of the Gouernour, Consuls, assistants, fellowship and communaltie of Marchants aduenturers, for the discouerie of lands, territories, Isles, dominions and Seigniories vnknowen by the Seas and Nauigations, and not before the said late aduenture or enterprise by seas frequented as aforesaid, shall and may be able in the law to implead, and be impleaded, to answere, and to be answered, to defende, and to be defended before whatsoeuer Iudge or Iustice, temporall or spirituall, or other persons whatsoeuer, in whatsoeuer court, or courts, and in all actions personall, reall, and mixt, and in euery of them, and in all plaints of nouel disseison, and also in all plaints, suites, quarels, affaires, businesses and demaunds whatsoeuer they bee, touching and concerning the saide fellowship and communaltie, and the affaires and businesse of the same onely, in as ample manner and forme, as any other corporation of this our Realme may doe.