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to be there recorded; and in case more than two hundred and twenty-two thousand two hundred and twenty-two dollars and two ninths of a dollar, shall be subscribed, then the same shall be reduced to that sum by the said managers, or a majority of them, by beginning at and striking off a share from the largest subscription or subscriptions, and continuing to strike off a share from all subscriptions under the largest, and above one share, until the sum is reduced to the capital of two hundred and twenty-two thousand two hundred and twenty-two dollars and two-ninths of a dollar, or until a share is taken from all subscriptions above one share, and lots shall be drawn between the subscribers of equal sums, to determine the numbers in which such subscribers shall stand, on a list to be made for striking off as aforesaid; and if the sum subscribed still exceeds the capital aforesaid, or all the subscriptions are reduced to one share: and if there still be an excess, then lots to be drawn to determine the subscribers who are to be excluded, to reduce the subscriptions to the capital aforesaid,