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The Maryland Code : Public General Laws and Public Local Laws, 1860
Volume 145, Page 254   View pdf image (33K)
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254 CURRENCY. [ART. 32.

forfeitures shall be rendered, given, made or imposed in dollars
and cents.

4. No person or association of persons, or corporation, except
the banks of this State, shall issue or put in circulation any pro-
missory note, order, bill, evidence of debt or other paper security,
and any person so offending shall forfeit and pay twenty dollars
for each offence.

5. No person or association of persons shall pay out, pass or
circulate any such promissory note, bill, order, evidence of debt
or other paper security, under the penalty of twenty dollars for
each offence. .

6. No ordinary keeper, trader or retailer, or other person who
buys and sells under a license issued under the laws of this State,
shall issue, pay out or receive any such bill, note, order, evidence
of debt or paper security as are referred to in the two preceding
sections, upon pain of forfeiting his license, and no new license
shall be granted to any person convicted of violating this section.

7. No person shall be liable to the penalties imposed in the
preceding sections of this article who can show that the note or
evidence of debt he issued, passed or received, was a real bona
fide evidence of debt, and not intended to circulate as money,
nor shall any thing contained in the said sections apply to the
issues of the banks of this State, or to the lawful issues of banks
chartered by another State, District or Territory.

8. The preceding sections of this article in relation to the
issuing or circulating of promissory notes, orders, bills, evidences
of debt and other paper securities, shall receive a liberal inter-
pretation to suppress the mischief, and any note, bill, order or
other writing designed or used as money or currency, shall be
considered a paper security within the meaning of the said sec-
tions, and the forfeitures imposed in said sections shall be re-
covered before a justice of the peace as small debts, one-half
to the informer and the other half to the State.

9. It shall not be lawful for any person, firm, or association
of persons, corporation or body politic, to pay out, circulate
or receive in payment of any debt, any bank note, promissory
note, or other obligation payable to bearer, or endorsed in blank
or to bearer, or any other note, token, scrip, or device whatso-



 

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The Maryland Code : Public General Laws and Public Local Laws, 1860
Volume 145, Page 254   View pdf image (33K)
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