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Proceedings and Acts of the General Assembly, 1769-1770
Volume 62, Page 138   View pdf image (33K)
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138 Assembly Proceedings, November 17-December 20, 1769.

Liber R. G.
1769

and for his keeping true fair and regular Accounts and Entries of
the Proceedings of the said Commissioners and shall also before such
Justice who is hereby impowered and required to Administer the
same take the several Oaths appointed by Law to be taken to the
Government Subscribe the Oath of Abjuration repeat and Subscribe
the Test and take the following Oath to wit. "I A.B. do swear that I
will truly and faithfully perform and Execute the Office and duty that
is Directed & required of me as Clerk of the Commissioners for
Emitting Bills of Credit by an Act of Assembly of this Province
entitled an Act for emitting Bills of Credit and other Purposes
therein mentioned And that I will keep a just and true Account of
all Bills of Credit which shall be issued and paid out of the said
Office and of the Names of those to whom the same shall be paid &
Delivered and all other Necessary Accounts relating to the said Bills
of Credit and true Entries make of all other Proceedings and Trans-
actions of the said Commissioners without any fraudulent Practice
whatsoever — So Help me God."

[The Com-
missioners
and clerk's
Bonds to be
recorded in
the Provin-
cial Office.]

And be it further Enacted that the Provincial Justice or Justices
before whom the said Bonds of the said Commissioners or their
Clerks shall be entered into shall indorse an Order under his or their
Hands on the Back of the same Bonds respectively requiring the
Clerk of the Provincial Court immediately to Record among the
Land Records of his Office such Bond and Order and the same Bond
shall within Five days thereafter deliver to the Clerk of the Provincial
Court under the Penalty of One Hundred pounds to be recovered as
aforesaid and the said Clerk shall immediately so Record the same and
after the recording aforesaid deliver the Original to the Register of
the Chancery Court to be by him safely kept in the Chancery Office
And an Attested Copy of the Record of the said Bond and Order from
the Provincial Records shall be as good Evidence to all Intents and
Purposes as if the Original was Produced & proved in Court And
to the end the said Bills of Credit may be as equally usefull to the
Inhabitants of this Province and the Circulation thereof as Speedy
and Diffusive as Possible

p. 18

[Bills of
Credit to be
lent out in
sterling, at
4 s. 6 d. per
Dollar. Sum
to be
lent to one
Person
within the
First Six

Be it enacted That the said Bills of Credit shall and may be by the
said Commissioners Lent out to any Person or Persons Inhabiting
and residing within this Province in Sterling at the rate of four
Shillings and six pence Sterling per Dollar upon Interest on Bond
with good Security in Manner herein after Directed that is to say
At any Time within the first six Months next after the issuing any
of the said Bills of Credit to be emitted by Virtue of this Act any
Sum or Sums not exceeding one Thousand Dollars nor Less than one
Hundred Dollars to one and the same Person or Persons And at any
Time after the end of the said Six Months any Sum or Sums not
Less than One Hundred Dollars to one and the same Person or
Persons the respective Borrower at the Time of any such Loan where



 
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Proceedings and Acts of the General Assembly, 1769-1770
Volume 62, Page 138   View pdf image (33K)
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