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JOHN EAGER HOWARD, Esquire, Governor.
of congress herein before mentioned, bearing an immediate interest of
six per cent.
one third of the principal in specie, or in stock created under the
said act of congress,
and bearing an interest of six per cent. after the year eighteen
hundred; and
all interest accruing after the said first day of December, in the
year seventeen
hundred and ninety, in specie only. |
1790.
CHAP.
XLI. |
X. And be it
enacted, That the stock paid by the said debtors, shall be transferred
by them to the trustee appointed by, or to be appointed in virtue of,
this act. |
Stock to be
transferred. |
XI. And be it
enacted, That no execution shall issue against any debtor who
installed, or might have installed, under the said act, before the
first day of August
next; and if executions have already issued, the attorney-general shall
suspend
them, the defendants first paying all legal costs. |
No execution
to issue, &c. |
XII. And be
it enacted, That the first payment due on the bonds of the
debtors who have installed, shall be postponed until the first day
of August next. |
First payment
proposed. |
XIII. And be
it enacted, That it shall and may be lawful for all debtors, who
had permission to install by the act aforesaid, to install at any time
before the first
day of August next, upon the same terms and principles as are prescribed
and
established by the act aforesaid, except that the time of the first
payment shall be
on the first day of August next, and that the manner of making payment
shall be as is herein before mentioned; and if any of the said debtors,
who have
not installed, and who shall install before the first day of August
next, have paid
any part of the principal of their debt since the first day of August
last, the governor
and council shall have regard to the said payments, and in taking their
bonds shall regulate the times of payment so as to put them on the
same footing
as if they had installed before the first day of August last. |
Debtors may
install before
the first of August,
&c. |
XIV. And be
it enacted, That where the security of any debtor has obtained
an assignment of the bond of his principal under the act aforesaid,
nothing in this
act contained shall prevent the said security, his executors, administrators
or assigns,
from proceeding and recovering on the said assigned bond, in the same
manner
as if this act had not been made; and if any security shall not be
able to prevail
on his principal to install before the first day of August next, the
said security,
or his heirs, executors or administrators, may install on the same
terms that the
principal might have done, and shall thereupon be entitled to an assignment
of the
original bond from the treasurer of the western shore, who is hereby
directed to
make the same, and shall have the same proceedings thereon in his or
her own
name, for his or her own use, as the state might have had. |
Security,
having obtained
an assignment,
may
proceed, &c. |
XV. And be it
enacted, That all powers vested in the governor and council by the
act aforesaid shall be and are hereby continued until the end of the
session of assembly
which shall be first held after the next general election of delegates
for this state. |
Powers continued. |
XVI. And be
it enacted, That the trustee appointed, or to be appointed, in
virtue of this act, shall have, as a compensation for his services
for the present
year, two hundred and fifty pounds current money, and for every subsequent
year, if his services shall be required, the sum of seventy-five pounds
current money. |
Compensation
to trustee. |
XVII. And be
it enacted, That the governor and council be requested to cause
this act to be published, for the space of six weeks, in the several
news-papers of
this state, and to send one hundred printed copies thereof to each
respective county
for the information of the people. |
Act to be published,
&c. |
CHAP. XLII.
An ACT directing new trials in certain cases where judgments
shall be reversed on appeal or writ of error. |
Passed December
22. |
BE it enacted,
by the General Assembly of Maryland, That in all cases of
appeals or writs of error hereafter to be prosecuted or brought before
the
court of appeals, by the plaintiff, upon a bill or bills of exceptions,
where |
In certain
cases court
may direct a
new trial, &c. |
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