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Proceedings and Acts of the General Assembly, 1769-1770
Volume 62, Page 143   View pdf image (33K)
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Acts. 143


by the said recited Act Directed any thing in the said Act to the Con-
trary Notwithstanding —

Liber R. G.
1769

And be it further Enacted That upon Application during the Con-
tinuance of this Act to the Commissioners aforesaid by any person
or persons having any Bill or Bills of Credit to be emitted by Virtue
of this Act Torn or Defaced and unfit to pass the said Commissioners
are hereby required without ffee 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 of the same Value therewith and to
Number and keep counterparts of the New Bills so delivered and also
to keep such torn and defaced Bills so taken in Together with an
Account of the same for the Inspection of the Committee of As-
sembly aforesaid —
And be it further Enacted That the said Bills of Credit by this
Act to be emitted shall not Continue in Circulation for a Longer
Time than Twelve Years from the Tenth day of April next — And for
the sinking the same the Commissioners aforesaid are hereby re-
quired within the first Six Months of the Last Year of the said
Twelve Years to call in all the Debts due in the said Office on Loan to
the End the said Bills of Credit may be brought in and Burnt or
distroyed — And that within the Last Six Months of the said Twelve
Years to wit at any Time between the Tenth day of October which
shall be in the Year of our Lord one Thousand seven Hundred and
Eighty one and the Tenth day of April which shall be in the Year
of our Lord one Thousand seven Hundred and Eighty two any
Person or Persons who shall have the Property in or Possession of
any Number of the said Bills of Credit to be issued by Virtue of this
Act shall be hereby entitled by delivering the same to the said Com-
missioners to demand and receive from them the full Sterling amount
of the said Bills of Credit so delivered either in good Bills of Ex-
change at Forty days Sight to be drawn by the said Commissioners
on the Trustees aforesaid residing in London or Gold and Silver as
rated in and by this Act —

p. 22

[Bills of
Credit emit-
ted by this
Act, torn
and defaced,
on Applica-
tion, the
Commission-
ers to sign
and deliver
new Bills in
Lieu thereof,
&c.]
[Bills of
Credit emit-
ted by this
Act, not to
continue in
Circulation
longer than
12 Years
from the 10th
of April
next, &c. but
Debts to be
called in the
First Six
Months of
the last
Year.]

And be it further Enacted That it shall not be Lawful for the said
Commissioners to Lend out any Bills of Exchange Bills of Credit or
Gold or Silver within the Last Year of the Twelve Years aforesaid
and they are hereby impowered within the said Last Year but not
before to receive in good Bills of Exchange at not more than Forty
days Sight payable at some House in London if offered in discharge
of any of the Loans by this Act directed which Bills they shall as
soon as may be remit to the Trustees in London to be presented for
Payment and the said Trustees are hereby required if any of the
said Bills of Exchange are not paid to return — Protests immediately
to the said Commissioners to recover the Money and Damages that
may be due thereon and if paid to keep the Money in their Hands
to the Credit of the Public of this province out of which to pay such

[Bills of Ex-
change, &c.
not to be lent
out within
the last Year,
but then, and
not before,
to be re-
ceived in
Discharge of
Loans, &c.]

[Trustees, in
London, to
pay Bills
drawn by the
Commission-
ers, &c.
to the Pro-



 
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Proceedings and Acts of the General Assembly, 1769-1770
Volume 62, Page 143   View pdf image (33K)
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