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Proceedings and Acts of the General Assembly, October 1773 to April 1774
Volume 64, Page 247   View pdf image (33K)
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Acts. 247


And be it further enacted that all Bonds which shall be taken by
the Commissioners aforesaid by Virtue of this Act shall be a Lien
upon and bind the Real Estate of the Obligor and his Sureties into
whose hands soever the same may come from the Day of the Exe-
cution of such Bond or Bonds Respectively as fully and in the
same Manner as Bonds taken by the said Commissioners by Virtue
of the Act entitled An Act for emitting Bills of Credit and other
Purposes therein mentioned And the said Commissioners as well as
the Surety or Sureties in any of the said Bonds Alienee and Ali-
enees of such Principal Debtor or Surety or Sureties and the Heirs
Executors Administrators and Devisees of such Surety or Sureties
or Alienee or Alienees shall by Virtue of this Act be entitled to the
like Remedies Respectively and shall and may proceed in the same
Manner on the said Bonds to be taken by the said Commissioners in
Virtue of this Act as they respectively are entitled to and have on
Bonds taken by the said Commissioners by Virtue of the said
former Act

Liber R. G.
1773
[The Bonds
entered into
to be a Lien
upon, and
bind the real
Estates of
the Obligor
and his Sur-
eties, &c.]

And be it further enacted and declared that in Case any Surety
or Sureties shall pay the principal and Interest due on any Bond
Payable to the said Commissioners they shall on the Request of
such Surety or Sureties assign such Bond in the same Manner as
they are required to Do by the said former Act and such Assignee
shall have the same Remedy thereon as if such Surety or Sureties
had been called on by the said Commissioners for Payment and
had paid the same And if any Real or Personal Estate shall by

[Sureties
discharging
any Bonds,
the Commis-
sioners to
assign them
in the same
Manner as
directed by
the former
Act, &c.}

the last Will or Testament of any Person bound to the said Com-
missioners or otherwise by Deed executed in his Life Time be
charged with the Payment of what may or shall be due on such
Bond in such Case the Heirs Devisees Executors or Administrators
of such Person shall be entitled on the Payment of what may or
shall be due on such Bond on their Request to have from the said
Commissioners such Assignment as aforesaid under and by Virtue
of which Assignment they shall affect such Real and Personal Estate
so charged as aforesaid and it is hereby further declared and enacted
that any Bonds already entered into or hereafter to be entered into
to the said Commissioners shall in Course of Administration be of
equal Degree with Judgments recovered in any Court of Record

p. 289

And be it further enacted That any Debtor to the said Office on
Loan as aforesaid for the Bills of Credit so to be lent out may
discharge his Debt and Interest due to the said Office in the Bills
of Credit emitted in Virtue hereof in the Bills of Credit heretofore
issued by the Act entitled An Act for the Payment of the Public
Claims for emitting Bills of Credit and for other Purposes therein
mentioned in the Bills of Credit emitted by Virtue of the said other
Act intitled an Act for emitting Bills of Credit and other Purposes

[Debts to
the Loan-
Office, how
to be dis-
charged.]



 
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Proceedings and Acts of the General Assembly, October 1773 to April 1774
Volume 64, Page 247   View pdf image (33K)
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