246 Assembly Proceedings, November 16-December 23, 1773.

Liber R. G.
1773

tively and to no other Person or Persons upon Interest on Bond
with good Security in Manner as herein after directed any of
which said of [sic] Loans shall not exceed one thousand nor be
less than one hundred Dollars to one and the same person or persons
and from the End of the said two Months then such of the said
Bills as shall remain not lent out to the Inhabitants of the Respective
Counties as such shall and may be by the said Commissioners lent
out to any Person or Persons inhabiting and Residing within this
Province upon Interest on Bond with good Security in Manner
herein after directed that is to say at any Time after the End of the
said two Months until the End of one Month then next following
any Sum or Sums not exceeding one Thousand nor less than One
hundred Dollars to One and the same Person or Persons And at any
Time after the End of the said One Month 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 the same doth not exceed three thousand Dollars giving
Bond with one or more Sureties at the Discretion of the said Com-
missioners and where such Loan doth exceed three thousand Dollars
giving a Seperate Bond for every three thousand Dollars of such
Loan with one or more Sureties as aforesaid who at the time
thereof shall not be bound as Sureties in the said Office for any

[Bonds to
be payable
to the Com-
missioners
at 4 per
Cent. In-
terest.]

Sums to the amount in the whole of more than four thousand
Dollars to the Intent that not more than four thousand Dollars or
the Value thereof in the whole may at any Time rest on the Solvency
or Sufficiency of the same Sureties All which Bonds shall be pay-
able to the said Commissioners for the Time being in Double the
Principal Sum in Sterling Money conditioned for the Payment of

p. 288

the Sum Lent with Interest at the Rate of four per Cent by the
Year at some short Day to be agreed upon But before the said
Commissioners shall lend out any of the said Bills of Credit they
shall give notice by Advertisement in the Maryland Gazette for at
least four Weeks Successively of the Time they shall begin to lend
the same And it is hereby Declared to be the Duty of the said

[Applica-
tions to be
regarded
according to
Priority.]

Commissioners not to regard Applications for the Loan of Money
or transacting any other Business in their Office but only in Course
and according to their Priority with Applications shall be personally
made and at the same Time that the Loan of Money or the Doing
any other Business in the said Office shall be required.

[Sureties
upon all
Loans to
have a Fee
simple to
double the
Value lent,
clear of In-
cumbrances.]

And be it further enacted that upon all Loans under this or future
Loans under the said former Act the Commissioners shall take all
possible Care that each of the Sureties on the said Loans have an
Indefeazable Estate in fee Simple in Lands situate lying and being
within this Province in the whole to double the Value of all the
Sums for which they shall be Sureties free from all Incumbrances
except the Lord Proprietarys Quit Rents