|
WILLIAM SMALLWOOD, Esq; Governor.
intention of the before recited act, to grant an indulgence for five
years
for the payment of the principal; |
1785.
CHAP.
LXXXIV. |
II. Be it enacted,
by the General Assembly of Maryland, That no execution
shall issue against any of the said debtors before the twentieth day of
this instant, March, of which notice shall be given in the Annapolis
gazette
and Baltimore journal by the treasurer of the western shore, and after
that day, the said treasurer, agreeably to the directions of the aforesaid
recited act, shall order any of the said bonds on which a credit is given
for five years as aforesaid, and on which one year's interest shall not
be
paid before that day, to be recorded by the clerk of the general court
of
either shore on which the obligor or obligors reside, and shall direct
that
executions issue thereon for one year's interest, due on the first day
of
September last, and if interest be not paid by the first day of September
annually, the treasurer shall, every year, until the first day of January
seventeen
hundred and ninety, issue executions in the same manner, to compel
payment of the annual interest due on such bonds; and the sheriff,
or
other officer, to whom such executions shall be directed, shall levy, in
virtue
thereof, no more than the amount of one year's interest and costs;
and after the first day of January seventeen hundred and ninety, executions
shall issue on all the said bonds to compel payment of the principal
and all the interest due, and the officer shall fully obey the directions
of
the said execution, and upon the return of such execution the defendant
shall, on motion to set it aside, be allowed to shew any matter or thing
which he could have pleaded in bar of the action had it been commenced
in the usual way, but the judges shall determine on the said motion the
first court. |
No execution
shall issue on
bonds for the
emissions of
June, 1780,
&c. |
III. And be
it enacted, That no execution shall issue on any bonds taken
for the redemption and payment of continental state money, before
the first day of January seventeen hundred and eighty-seven, unless, from
the circumstances of the debtors, the interest of the state may render
it
necessary, or unless for the indemnification of securities, and the said
treasurer
shall be judge in both cases. |
Or bonds for
continental
state money,
&c. |
IV. And be it
enacted, That no process shall issue on the bonds taken
for the emission of June seventeen hundred and eighty, (commonly called
state money) before the first day of July next, unless the circumstances
of
the debtor, or the indemnification of securities, may render it necessary
as
aforesaid; and no process shall issue on the bonds taken for specie, pledged
by act of November session seventeen hundred and eighty-four to redeem
the two emissions of state and continental state money, before the first
day of
June next, provided the said debtors, before that day, pay into the
treasury
one half of their debts in specie, or state or continental state money,
and in such case the said debtors shall have indulgence for the residue
until the first day of January seventeen hundred and eighty-seven; and
in
case of neglect after the first day of June next, process shall issue,
and all
the money due on the said bonds shall be applied to the redemption of
the state money. |
No process to
issue on certain
bonds,
&c. |
V. And,
whereas it is unjust that the persons who have not complied
with the terms of sale prescribed by the laws directing the sales of
confiscated
property, and have not yet bonded for the said property by them
purchased, should be placed on a better footing than the purchasers of
said
property who have passed their bonds pursuant to the directions of the
laws
aforesaid, Be it enacted, That each
and every purchaser of confiscated
property, pledged for the redemption of the two emissions of June seventeen
hundred and eighty, who hath not yet bonded for the same, shall
give bond on or before the first day of June next, with such security as |
Purchasers to
give bond,
&c. |
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