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Session
Laws
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the Possession of, any Number or Quantity of the said Bills of
Credit, shall be hereby entituled, upon producing the same before the
said Commissioners for emitting the said Bills of Credit, to have,
demand, and receive, from the said Commissioners, the full Third
Part of the Value of the said Bills so produced, as aforesaid, to be
paid to the said Person or Persons so producing the same, in Bills of
Exchange; to be drawn by the said Commissioners for emitting the
said Bills of Credit, upon the said Trustees residing in London, in
Manner and Form following; that is to say, Upon any Person or
Persons producing to the said Commissioners for emitting the said
Bills, any Number or Quantity of the said Bills, and demanding Pay-
ment of the Third Part of the Value thereof, the said Commissioners
are hereby directed, impowered, and authorized, to take the said
Bills of Credit, so produced as aforesaid, and cancel, and vacate
the same: And thereupon the said Commissioners are to sign and
deliver to the Person or Persons aforesaid, new Bills of Credit, to
the Amount and Value of Two Third Parts of the Bills of Credit
so cancelled and vacated, as aforesaid: Which said new Bills of
Credit, the Commissioners shall cause to be signed at the Top of
each of the same, with the Words, New Bill; thereby to prevent any
Fraud which may be intended to be practiced, by twice, or oftner
producing and demanding Payment of One Third Part of the same
Bills of Credit, contrary to the true Intent and Meaning of this Act.
And the said Commissioners are hereby further directed, impowered,
and authorized, to draw One or more Setts of Bills of Exchange,
in the usual Manner or Form of Bills of Exchange, payable at Forty
Days Sight, to any Person or Persons, or his or their Order, to the
Value or Amount of the other Third Part of the said Bills of Credit,
so cancelled, or vacated, as aforesaid: Which said Bills of Exchange
shall be drawn upon the said Trustees, residing in London; and in
the Body of each respective Bill of Exchange, it shall be directed,
that the Monies to be paid, shall be placed to Account of the Prov-
ince of Maryland. Which said Bills of Exchange, the said Com-
missioners shall deliver to the Person or Persons so producing the
said Bills of Credit, so cancelled, and vacated, as aforesaid, in full
Satisfaction and Payment of the Other Third Part of the Value of
the said Bills of Credit, so cancelled and vacated, as aforesaid.
Provided nevertheless, That no Person or Persons, shall be entituled
to the Payment of One Third of the Value of any Number or
Quantity of the said Bills of Credit, in Manner and Form aforesaid,
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p. 19
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except he or they produce the same, and demand such Payment, at
some or any Time, between the said Twenty Ninth Day of Sep-
tember, which shall be in the Year One Thousand, Seven Hundred,
and Forty Eight, and the Twenty Ninth Day of March, which shall
be in the Year One Thousand, Seven Hundred, and Forty Nine;
any thing herein before, to the contrary, notwithstanding.
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