| 1785.
CHAP.
LXXXIV. |
LAWS of MARYLAND.
the treasurer of the western shore, under the direction of the governor
and
council, shall require, for the payment of the purchase money and interest
thereon, which said principal and interest shall be paid in the same manner,
and on the same terms and conditions, as are respectively prescribed
by this act in the case of persons who have entered into bond for the
redemption
of the respective emissions of June seventeen hundred and eighty,
commonly called black state and state continental, and if any of the
purchasers aforesaid shall neglect to give bond as aforesaid, before the
first
day of June next, process shall issue immediately thereafter and payment
compelled in the money according to contract; and all collectors of the
public assessment, and the treasurer of either shore, shall receive the
said
two emissions (calculating the interest due thereon) at par with specie
in
payment of any taxes due the state before the first day of January seventeen
hundred and eighty-five, and not appropriated by law, and collectors
may give any specie in their hands, received in payment of the said
taxes,
in exchange for the said emissions; and the governor and the council are
requested to instruct the said collectors accordingly; and if by all the
above
means all the state money shall not be brought in by the first day of July
next, the said treasurer shall proportion the balance among the debtors
for
such money, and issue executions; and if by all the said means all the
continental state money shall not be brought in by the first day of January
seventeen hundred and eighty-seven, the said treasurer shall proportion
the balance among the debtors for such money, and issue executions; and
after the first day of July next, any possessor of the emission of
state money
may bring the same into the treasury of the western shore, and take
choice of any of the bonds for the said emission, and the treasurer shall
assign the said bonds, and the assignee may, at any time thereafter, issue
execution in his own name, and have the same remedy for payment as
the
state; and after the first day of January seventeen hundred and eighty-seven,
any possessor of continental state money may bring in the same, and
choose any of the bonds for the said money, and take assignment and issue
execution as aforesaid. |
No proceedings
shall be
had on bonds
to the loan-office,
&c. |
VI. And,
whereas the general words of the act to establish funds to
secure the payment of the state debt within six years, and for the punctual
payment of the annual interest thereon, are supposed to include the bonds
passed for bills of credit under the old government which have not been
discharged, and this subject was not considered by the legislature when
the
said act was passed, and the motives which influenced the obligors
in the
said bonds not to discharge the same in depreciated paper entitle them
at
least to the indulgence of the legislature, Be
it enacted, That no proceeding
shall be had or instituted against any obligor or obligors, or his or
their securities, on any bond now in the treasury, and passed upon
the borrowing
from the loan-office, during the old government, any bills of credit
issued or emitted under the authority thereof, to compel payment of
either principal or interest, until after the end of the next session of
assembly,
or until the legislature shall determine in what manner the obligors
aforesaid shall pay off the bonds aforesaid and the interest thereon due. |
Treasurer
may take
bond from securities,
&c. |
VII. And be
it enacted, That any security on bond for confiscated
British property, where the principal is dead or shall die, the treasurer
of
the western shore, on application, may take bond with good security for
the principal and interest due, and deliver up and assign the original
bond
to such security that he may have the same remedy as the state to recover
the sum for which he shall give his bond as aforesaid from the estate of
the deceased. |
Attorney-general's
fee, &c. |
VIII. Be it
enacted, That the attorney-general be entitled to receive
fifty shillings current money, on suit or execution, on each bond, and
no |
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