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Proceedings and Acts of the General Assembly, 1769-1770
Volume 62, Page 137   View pdf image (33K)
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Acts. 137


And be it further Enacted that the said Commissioners after they
are so Qualified shall Proceed to give Directions for Printing the said
Bills of Credit according to the Directions of this Act and after the
same are so printed shall Sign and Number so many of the said Bills
of Credit as shall amount to Three Hundred Thousand Dollars for
Emission and no more and Number Counter Parts of them and such
of them as shall from Time to Time be so Signed shall Deposit and
keep in one of the Iron Chests now in the House called the Paper
Currency Office with Two Strong and Substantial Locks of Different
Construction and that each Commissioner shall keep a Key to the
end that no Bills of Credit which shall be Signed be taken out or
disposed of but by or in the presence of both the said Commissioners
which Chest shall be kept by them in the Repository of the said Office
and their Office shall be kept and all the Business relative to this
Act shall be done in the said House called the Paper Currency Office
belonging to the Province and the said Commissioners shall keep true
fair and methodical Accounts of all their Transactions and Pro-
ceedings in Virtue of this Act which Accounts a Committee of both
Houses of Assembly shall be appointed every Session to inspect and
Examine and the said Committee shall inspect and examine the Ac-
counts and Proceedings of the said Commissioners who are hereby
required and enjoined to Lay a full and fair State of their Proceedings
before such Committee to the end they may be Satisfied that the Sums
for which Bills shall have been issued pursuant to this Act be not
exceeded and may be acquainted from Time to Time with a State of
the whole Transactions and Affairs relating to the said Office and of
the Management and Behaviour of the said Commissioners which

Liber R. G.
1760
[Bills of
Credit to be
printed under
the Direc-
tions of the
Commission-
ers, &c.]

Committee shall every Session Report to the Assembly the State and
Condition of the said Office and the Conduct and Behaviour of the
said Commissioners

p. 17

And be it further Enacted that the said Commissioners shall at the
proper Cost and Charge of the Province out of the said Bills of Credit
Provide Books, Paper Ink Quills Wax Wafers Printed Blank Bonds
& other Necessaries for putting this Act in Execution and for the
more regular Management of the Affairs relating to the said Trust
the said Commissioners are hereby impowered to choose and employ
a fit and able person for their Clerk to whom they shall pay for his
Service out of the Bills of Credit aforesaid at the Rate of Three

[Books,
Paper, &c.
to be pur-
chased for
putting this
Act in Exe-
cution, and
the Commis-
sioners to
employ a
Clerk.]

Hundred Dollars per Year for the first year and at the Rate of Two
Hundred and fifty Dollars per Year every Year afterwards which
Clerk as often as one shall be so appointed shall before he enters
upon the Execution of his said Office before some Provincial Justice

[His salary.]

enter into Bond with Sufficient Sureties jointly and severally in the
Penalty of One Thousand pounds Sterling Payable to the Right
Honourable the Lord Proprietary for the Time being Conditioned
for his faithfull & Honest Discharge of his Duty of Clerk aforesaid

[The Clerk
to enter into
Bond.]



 
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Proceedings and Acts of the General Assembly, 1769-1770
Volume 62, Page 137   View pdf image (33K)
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