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Trustees lent out upon Interest, in the Manner hereafter directed ;
that is to say, any Sum or Sums, upon Mortgage of Messuages,
Lands, Tenements, or Hereditaments, or Personal Security, at the
Discretion of the said Commissioners or Trustees, to be taken
according to the Directions of this Act.
And be it further Enacted, That upon Application, during the Con-
tinuance of this Act, to the Commissioners or Trustees in this Prov-
ince, by any Person or Persons, having any Bill or Bills of Credit
torn or defaced, which may be thought necessary to be renewed, it
shall and may be lawful to and for the Commissioners or Trustees,
and they are hereby required, without Fee or Reward, to sign and
deliver a new Bill or Bills of Credit, to such Person or Persons, in
Lieu of such torn or defaced Bill or Bills, for the same Value for
which such torn or defaced Bills shall be intended to pass current,
at such Time of bringing the same to the said Commissioners and
Trustees; and to cancel and vacate such torn Bills as shall be brought
in; and also to make and keep Counter- Parts of the new Bills, to
be so delivered, as herein before directed.
And for the better Discovery of Incumbrances, which may affect
any Messuages, Lands, Tenements, or Hereditaments, to be so
mortgaged, it shall and may be lawful for the said Commissioners
or Trustees, and such as they shall appoint, from Time to Time, to
make Searches in any Offices in this Province, and, if there be Oc-
casion, take Copies or Transcripts of the Dockets, or Notes, of any
Judgments, or of Mortgages and Entails, or other Incumbrances,
kept in any of the said Offices, without paying any Fee or Reward
for the same. And to the End the said Commissioners or Trustees
may be the better enabled to perform their said Trust, they shall
inform themselves, as well of the clear Value, as of the Titles, of all
the Messuages, Lands, Tenements, or Hereditaments, which shall
be proposed in Security for the said Bills; so as to be satisfied, that
the said Lands, Tenements, or Hereditaments, are at least double
the Value, and Messuages treble the Value, of the Sums requested
to be lent; and then they shall receive and take the same in Mort-
gage accordingly.
Provided, Any Person proposing to mortgage Messuages, or
Lands, with the Value whereof the Commissioners or Trustees are
not acquainted, the next Justice of the Peace to such Messuages, or
Lands, shall be obliged, by Virtue of this Act, to appoint Two
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