144 Assembly Proceedings, November 17-December 20, 1769.

Liber R. G.
1769
prietors of

Rills of

Credit.]

Bills as the said Commissioners shall draw on them to the Proprietors
or Possessors of such Bills of Credit as shall be brought in — And the

said Commissioners are directed to draw Bills of Exchange at Forty

days Sight on the said Trustees for the Purpose aforesaid any thing
herein contained to the Contrary notwithstanding —

[Proviso.]

Provided Nevertheless that the Bond or Bonds for which such
Bills of Exchange may be tendered or offered shall not be given up
nor be understood to be Discharged untill Advice shall be received
of the Payment of such Bills in London but that there shall be an

p. 23

Indorsement made on the Back of the Bond for which such Bills
of Exchange shall be paid of the receipt thereof and when the said
Bills shall be paid in London or if protested when the Sum Damages
and Charges of Protest shall be paid and satisfied and not before the
said Bond shall be discharged and given up but untill then shall stand
and remain as a Lien & Security as fully and effectually as when first
Executed — And the said Commissioners shall keep a fair Account
of all the said Bills of Credit so to be received in as well in Discharge
of Debts aforesaid as for which they shall have drawn Bills of Ex-
change or paid Gold and Silver and Lock up the said Bills of Credit
in the Iron Chest aforesaid to be examined cancelled and distroyed
by a Committee of Assembly at the next Session after receipt

thereof

[Trustees
appointed.]

And be it further Enacted That Messieurs Osgood Hanbury,
Sylvanus Grove, and James Russell Merchants in London are hereby
declared to be the present Trustees to do and perform all and
every the Trusts still Continuing under former Acts of Assembly as
well as those established & directed by this Act to be Executed in
London —

[Recital of
Part of a
former Act]

And Whereas it is directed by the said recited Act for Payment of
the Public Claims for emitting Bills of Credit and for other Purposes
therein mentioned that one Commissioner should be nominated and
appointed to receive and take in the Bills of Credit which are put in
Circulation by the said Act to employ a Clerk and draw Bills of
Exchange on the Trustees in London to the Proprietors of the said
Bills of Credit in Satisfaction thereof which by this Act is become
unnecessary as it may be as well done by the said Commissioners to
be appointed by Virtue of this Act

[The Com-
missioners
within the
Time ap-
pointed by
said Act to
receive the
Bills of
Credit, and
draw Bills
of Ex-
change, &c.]

Be it Therefore Enacted That the said Commissioners within the
Time appointed by the said recited Act shall and are hereby directed
and required to receive and take in the said Bills of Credit draw Bills
of Exchange to the person or persons who shall have Possession
thereof on the Trustees in London and do and perform every Thing
that was Directed by the said Act to be done by the said one Com-
missioner and the said Trustees in London are hereby directed and
required to accept and pay such Bills in the same Manner as they are
directed by the said recited Act to accept and pay the said one Com-