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III. In the case of Lots upon which there is a reserve, the Auctioneer shall have the right to bid on behalf of the Seller. IV. The Purchasers to give in their Names and Places of Abode, and to pay down 53. In the pound, or more, in part of payment, or the whole of the purchase-money, if required in default of which, the Lot or Lots so purchased to be immediately put up again and re-sold.
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