the said Company or shall refuse or delay to take the Oath for that purpose hereafter in these presents expressed and ordained and shall have no reasonable or just let or impediment that may hinder him or them so to do. That then the said person or persons so refusing or delaying shall forfeit and pay to the then Fine.Master Wardens and Commonalty the sum of Ten pounds of lawful money of England to be employed to or for the use of the said Company and to be levied and recovered as is hereinafter mentioned. AND the said Master Wardens Assistants and Livery for the time being forthwith shall and may proceed to a new choice of some one other meet person to the said place as before in case of the Warden's refusal and upon refusal to hold or be sworn as aforesaid shall from time to time proceed as is before directed.
To chuse Under Warden.ALSO IT is further ordained That immediately after the election of the upper Warden as aforesaid the said Master Wardens and Assistants or the greater number of them for the time being shall nominate two or three of the present Wardens or Assistants such as to themselves shall seem meet out of which numbers the Master Wardens Assistants and Livery or so many of them as shall be there present shall elect and chuse in manner aforesaid one meet person to be under Warden of the said Company of Cutlers and who shall remain in the said Office of under Warden for one whole year then next ensuing and from thence until another be chosen and sworn in like manner into the said office and no longer. But if any person or persons so elected or chosen shall refuse or delay to take upon him or them the execution of the said office or to take the oath in that behalf appointed in these presents within the time before limited and shall have no just or reasonable let or impediment that may hinder him or them so to do that then every such person or persons so refusing or delaying shall Fine.forfeit and pay to the Master the sum of Ten