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Clement Dorsey. The general public statutory law and public local law of the state of Maryland : from the year 1692 to 1839 inclusive, with annotations thereto,and a copious index.
Volume 141, Page 198   View pdf image (33K)
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198

LAWS OF MARYLAND.— 1785.

 

of protest, together with legal interest upon the value of the
principal sum mentioned in such bill from the time of protest
until the principal and damages are paid and satisfied; and if
any endorser of such bill shall pay to the holder, or the person
or persons, company, society or corporation, entitled to the
same, the value of the principal and the damages and interest
as aforesaid, such endorser shall have a right to receive and
recover the sum paid, with legal interest upon the same, from
the drawer, or any other person or persons, company, society or
corporation, liable to such endorser upon such bill of exchange.

Inland bills
liable to
protest, &c.

SEC. 2. And be it enacted. That all inland bills of exchange
or orders drawn by a citizen, company, society or corporation,
of any other of the United States, or any person or persons
therein residing or being, on any person, company, society or
corporation, of this state, or any person or persons therein re-
siding, or being, shall be liable to official protest by a notary
public, or the clerk of any county court, who are hereby respec-
tively vested with authority to make such protests under their
respective seals of office, and shall receive for such protests,
from the party requiring the same, the sum of five shillings
current money.

What shall
be received
on certain
bills, &c.

SEC. 3. And be it enacted, That Upon all bills of exchange
or orders hereafter drawn in this state upon any person or per-
sons, company, society or corporation, in any other of the United
States, and protested according to the laws or customs of the
state where such bill shall be made payable, the owner or
holder of such bill, or person or persons, company, society or
corporation, entitled to the same, shall have a right to receive
and recover so much current money as will purchase a good
bill of exchange, at the current exchange of such bills, and
also eight per cent, damages upon the value of the principal
sum mentioned in such bill and costs of protest, together
with legal interest upon the value of the principal sum men-
tioned in such bill, from the time of protest until the prin-
cipal and damages are paid and satisfied ; and if any endorser
of any such bill shall pay to the holder, or person, com-
pany, society or corporation, entitled to the same, the value of
the principal and the damages and interest as aforesaid, such
endorser shall have a right to receive and recover the sum paid,
with legal interest upon the same, from the drawer, or any
other person or persons, company, society or corporation, liable
to such endorser, upon such bill of exchange.



 
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Clement Dorsey. The general public statutory law and public local law of the state of Maryland : from the year 1692 to 1839 inclusive, with annotations thereto,and a copious index.
Volume 141, Page 198   View pdf image (33K)
 Jump to  
  << PREVIOUS  NEXT >>


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