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Proceedings and Acts of the General Assembly, 1769-1770
Volume 62, Page 147   View pdf image (33K)
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Acts. 147


the Public of this Province and also that there is in the Hands of
Jonathan Smith Executor of Peter Bayard late of Caecil County
deceased the Sum of one Hundred and Eighty eight pounds five
Shillings Current Money remaining undisposed of part of the Five
Hundred Pounds formerly taken out of the Loan Office to build the
Goal for Caecil County —

Liber R. G.
1769

Be it further Enacted That the said Commissioners are hereby
Authorized and required to Lend out the said Sum of Sterling Money
on Interest as aforesaid on Bond and good Security in Manner as
herein before directed and to draw a Bill or Bills of Exchange at
forty days Sight therefor to the Person or Persons who shall borrow
the same on the said William Hunt and Mary Hunt acting Executors
as aforesaid the Payment of which Bills shall be a full discharge
to the said William Hunt and Mary Hunt from the Public of this
Province for the said Money and also that the said Commissioners
shall and may receive from the said Jonathan Smith the said Sum
of One Hundred and Eighty eight pounds five Shillings Current
Money and the same when received Lend out on Interest with
Security as aforesaid for the use of the Province and such Payment
so made by the said Jonathan Smith shall be a full Discharge to him,
And to the Intent that the Public Money may be drawn into Circula-
tion and the Exigencies of Individuals be supplied on the Payment
of moderate Interest and the Public thereby benefited —

[which may
be again lent
out on Inter-
est.]

Be it further Enacted That the Several Lists and Payments re-
quired to be returned and made to the Treasurers of the Western
and Eastern Shores of this Province respectively by an Act of As-
sembly entitled an Act for Licensing Ordinary Keepers Hawkers,
Pedlars and Petty Chapmen shall from henceforth be returned and
made to the Commissioners aforesaid by the Times in the Manner
and under the same Penalties as the same by that Act were to be
returned and paid to the Treasurers aforesaid Any Thing in the
said Last mentioned Act contained to the Contrary notwithstanding.
And the Monies which shall be paid to the Commissioners aforesaid
by the said Sheriffs shall be placed out at Interest on Loan on Bond

[Lists and
Payments, to
the Trea-
surers under
a former
Act, to be
from hence-
forth re-
turned, and
made to the
Commission-
ers, &c.]

with good Security in the same Manner in every Respect as herein
before directed as to the Loan of Bills of Credit to be emitted in
Virtue of this Act.

p. 26

And be it further enacted by the Authority aforesaid That all
Monies and Bills of Exchange which shall remain the said Office or
in England in Stock or in the Hands of the said Trustees or in the
Hands of the Debtors for the Loans aforesaid and the Interest
arising therefrom after all the said Bills of Credit by this Act
emitted shall be called in and sunk shall be applied and disposed of
in such Manner and Form as the Assembly of this Province shall
Direct and appoint.

[All Monies,
&c. after the
Bills of
Credit shall
be sunk, to
be disposed
of by the
Assembly.]



 
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Proceedings and Acts of the General Assembly, 1769-1770
Volume 62, Page 147   View pdf image (33K)
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