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Proceedings and Acts of the General Assembly, 1766-1768
Volume 61, Page 273   View pdf image (33K)
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Acts. 273


in London who have the Direction and management of the Capital
Stock of the Bank of England belonging to the Public of this Prov-
ince under the Superintendance of the Right Honourable the Lord
Proprietary or such Trustees as shall or may be appointed in their
Stead by his said Lordship shall receive the Dividends arising from

Liber H. S.

No. 1

the said Capital Stock and invest those Dividends at short and
reasonable times into Capital Stock of the Bank of England for
the use of the public of this Province and shall also once at the
least in every Year send an Account of the said Capital Stock and
of the Dividends thereon received from time to time to the said
Committee to the end that the General Assembly may at all times
know and be informed of the state and Increase of the said Capital
Stock

[Directions
to The

Trustees

about the
Dividends,
&c]

And be it Further Enacted that his Lordship the Right Honour-
able the Lord Proprietary or the Governor or Commander in Chief
of this Province for the time being at some time between the Twenty
fifth day of March and Twenty fifth day of June which shall be
in the Year Seventeen hundred and Seventy seven shall and may
Nominate and appoint one Commissioner to receive and take in the

[One Com-
missioner to
be appointed
between the
25th March
and 25th of
June 1777]

Bills of Credit that shall be put into Circulation as aforesaid and
to draw Bills of Exchange for the Satisfaction and discharge
thereof in the manner hereinafter mentioned and who for that
purpose shall Attend in the said said Office on the Tuesday and

[His Duty]

Friday in every Week and for the more easy and regular manage-
ment of the Affairs relating to the Trust of such Commissioner
the same Commissioner is hereby impowered to Choose and employ
a fit and able person for his Clerk before such Commissioner or
the person by him Chosen and employed for his Clerk shall enter
upon the Execution of their respective Office they shall respectively
take such Oaths and give such Bond with Sureties in the manner
and form before directed as to the Commissioners first before men-

[Clerk to
be employed.
Commis-
sioner and
Clerk to take
Oaths and
give Bond,
&c]

tioned and their Clerk respectively which Bonds so as to be given
by the said one Commissioner and his Clerk shall be indorsed
recorded and Lodges and Copys of the Records thereof be Evidence
in the same manner as is herein before directed as to the Bonds of
the said Two first mentioned Commissioners and their Clerk

[Their
Bonds, how
to be dis-
posed of]

And be it further Enacted that the said Commissioners so as
aforesaid to be appointed to receive and take in the Bills of Credit
aforesaid and to draw Bills of Exchange for the Satisfaction
and discharge thereof shall after his being Qualified in manner
aforesaid between the said twenty fifth day of June Seventeen hun-
dred and Seventy seven and the Twenty fifth day of December then
next inclusive have and keep the Possession and Custody of the said
paper Currency Office Repository and such one of the Iron Chests
therein which shall not Contain any of the said Bills of Credit not
put into Circulation and that any person or persons who shall
have the possession of any Number or Quantity of the said Bills

[The Com-
missioners at
what Time
to take in
Bills of
Credit and
draw Bills
of Exchange
on the
Trustees]
p. 668



 
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Proceedings and Acts of the General Assembly, 1766-1768
Volume 61, Page 273   View pdf image (33K)
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