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Proceedings of the Conventions of the Province of Maryland, 1774-1776
Volume 78, Page 369   View pdf image (33K)
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I776.] OF THE PROVINCE OF MARYLAND. 369

by the council of safety for his services, and for the ink and other
materials, except paper, necessary for the said work; and the said
treasurers shall also respectively pay to each signer of every thou-
sand of the said bills one dollar and one third part of a dollar for
his service.

That the treasurer of the western shore shall have a yearly sala-
ry of one thousand dollars, and the treasurer of the eastern shore
shall have a yearly salary of four hundred dollars, for their trouble
and expences.

That torn and defaced bills shall be exchanged at reasonable and
convenient times.

That the said bills of credit shall be redeemed and sunk on or
before the first day of January one thousand seven hundred and
eighty-six, by taxes or other legislative provision, and this conven-
tion bind their constituents, and pledge the faith of the state, for
the redemption of the said bills on or before the said first day of
January, one thousand seven hundred and eighty-six.

That one hundred and twenty thousand dollars of the said bills
of credit, so to be printed and struck, shall be applied to ex-
change the bills of credit printed and struck by virtue of the re-
solve of the convention on the twenty-sixth day of July, in the year
one thousand seven hundred and seventy-five, and the said treasu-
rers shall, upon the application of any person or persons holding
any number and value of the said bills of credit, deliver to such per-
son or persons the like value in the new bills of credit in lieu
thereof.

That from and after the receipt of the bills of credit emitted by
this convention by the said treasurers respectively, all payments
which they shall make by virtue of any resolve of convention, shall
be made in the bills of credit emitted by this and the last conven-
tion, and not in the bills of credit of the emission of July, one thou-
sand seven hundred and seventy-five.

That the said bills of credit, which shall be so as aforesaid print-
ed and struck, over and above the said bills hereby directed to be
applied to exchange the said former bills of credit, be applied to
the several purposes resolved on in this and the last convention of
this state, and that the treasurers pay the same to the orders of the
convention, council of safety, or such persons as this convention
shall direct and appoint.

That the said treasurers, before they receive the said blank bills
to be printed and struck by virtue of the resolves of this conven-
tion, shall give bonds respectively, the treasurer of the western
shore in the penalty of twelve thousand pounds sterling, payable to

 

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Proceedings of the Conventions of the Province of Maryland, 1774-1776
Volume 78, Page 369   View pdf image (33K)
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